Published: Sat, January 28, 2017
Economy | By Melissa Porter

Strong results will drive VMware, Inc. (NYSE: VMW) stock

Strong results will drive VMware, Inc. (NYSE: VMW) stock

By watching how many shares are trading hands and looking for any changes in that activity, trading opportunities can be spotted along with a deeper understanding of the reliability of other indicators on the stock. The brokerage now has a $90.00 price objective on the virtualization software provider's stock. Vmware has a 12-month low of $43.25 and a 12-month high of $89.50. Vmware had a net margin of 16.14% and a return on equity of 16.00%.

On the company's financial health, VMware reported $1.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jan 26, 2017. For the week, the stock is performing 1.85%. Investors should also note that 16 Stock brokerage firms are recommending to Hold the stock for short term.

Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 9 analysts of Thomson Reuters, 20 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating to VMware, Inc. The business earned $2.03 billion during the quarter, compared to the consensus estimate of $1.99 billion. F18 outlook. VMware provided F18 (adj. fiscal year) revenue/non-GAAP EPS guidance of $7.57 billion/$4.87 at the midpoint, which was above consensus of $7.44 billion/$4.69. Victory Capital Management Inc. now owns 9,790 shares of the virtualization software provider's stock valued at $560,000 after buying an additional 517 shares during the last quarter. The heightened volatility saw the trading volume jump to 1,894,745 shares. Vetr cut shares of Vmware from a strong-buy rating to a buy rating and set a $88.00 price target on the a research note on Tuesday, November 1st. The consensus recommendation provided by analysts is now 2.40.

VMware opened for trading at $84.93 and hit $85.23 on the upside on Monday, eventually ending the session at $84.9, with a gain of 0.33% or 0.28 points.

Several company insiders have filed Insider transactions, on Dec 12, 2016, Maurizio Carli (EVP, Worldwide Sales) sold 12,650 shares at $81.14 per share price. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

A number of institutional investors have recently bought and sold shares of VMW. Over the past month the firm's stock is 5.12%, 15.05% for the last quarter, 15.73% for the past six-months and 89.51% for the previous year. The Closing price of VMware, Inc.

Wynn Resorts, Limited (NASDAQ:WYNN) shares moved to $95.50 after starting the day at $96.00 on Thursday. Point72 Asset Management L.P. bought a new position in Vmware during the second quarter worth approximately $51,017,000.

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