VMware (NYSE:VMW) updated its FY20 earnings guidance on Thursday. The company provided EPS guidance of approx $6.54 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.52. The company issued revenue guidance of approx $10.03 billion, compared to the consensus revenue estimate of $10.04 billion.VMware also updated its FY 2020 guidance to EPS.
Several equities research analysts have recently commented on the company. Oppenheimer upped their price objective on VMware from $200.00 to $220.00 and gave the stock an outperform rating in a research note on Monday, April 29th. Jefferies Financial Group increased their price target on VMware from $203.00 to $213.00 and gave the stock a buy rating in a research note on Friday, May 31st. BMO Capital Markets cut their price target on VMware from $198.00 to $160.00 and set an outperform rating for the company in a research note on Wednesday. KeyCorp reiterated an overweight rating and issued a $214.00 price target (up previously from $206.00) on shares of VMware in a research note on Friday, May 31st. Finally, Citigroup set a $212.00 price target on VMware and gave the stock a buy rating in a research note on Friday, August 16th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $187.64.
Shares of VMW traded up $0.06 during midday trading on Thursday, hitting $148.15. 1,619,648 shares of the company traded hands, compared to its average volume of 1,309,193. The firm has a 50 day moving average of $165.18 and a 200-day moving average of $177.28. VMware has a 52 week low of $129.33 and a 52 week high of $206.80. The stock has a market cap of $59.00 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 2.23 and a beta of 0.81. The company has a debt-to-equity ratio of 7.57, a quick ratio of 0.97 and a current ratio of 0.97.
In other VMware news, insider P. Kevan Krysler sold 2,661 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $173.96, for a total transaction of $462,907.56. Following the completion of the transaction, the insider now owns 34,774 shares of the company’s stock, valued at approximately $6,049,285.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Rajiv Ramaswami sold 38,813 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $170.58, for a total transaction of $6,620,721.54. Following the transaction, the chief operating officer now directly owns 181,243 shares of the company’s stock, valued at approximately $30,916,430.94. The disclosure for this sale can be found here. Insiders have sold a total of 84,053 shares of company stock valued at $14,639,696 in the last three months. Insiders own 28.80% of the company’s stock.
VMware Company Profile
VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces in the United States and internationally. The company offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.
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