VMware (NYSE:VMW) posted its quarterly earnings results on Tuesday. The virtualization software provider reported $1.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.06, RTT News reports. VMware had a return on equity of 47.55% and a net margin of 66.00%. The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the previous year, the business earned $1.56 earnings per share. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. VMware updated its Q4 guidance to approx $2.16 EPS.
Shares of NYSE VMW opened at $164.90 on Wednesday. VMware has a 1-year low of $128.69 and a 1-year high of $206.80. The business has a 50-day moving average of $160.35 and a 200-day moving average of $164.68. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $67.78 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 2.46 and a beta of 0.92.
A number of research firms have issued reports on VMW. Maxim Group reissued a “hold” rating on shares of VMware in a research report on Friday, August 23rd. KeyCorp lowered their price target on VMware from $182.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. BMO Capital Markets boosted their price target on VMware to $192.00 and gave the company an “outperform” rating in a research report on Wednesday. Cleveland Research reissued a “hold” rating on shares of VMware in a research report on Tuesday, September 3rd. Finally, Bank of America lowered their price target on VMware from $225.00 to $190.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company’s stock. VMware presently has an average rating of “Hold” and a consensus target price of $176.23.
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.
Read More: Earnings Per Share (EPS)
Receive News & Ratings for VMware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VMware and related companies with MarketBeat.com's FREE daily email newsletter.