Q1 2017 Earnings Forecast for VMware Inc. Issued By Jefferies Group (VMW)

VMware Inc. Upgraded To Outperform At Oppenheimer

VMware, Inc. (NYSE:VMW) belonging to the Computer and Technology sector has surged 2.48% and closed its last trading session at $77.65. Oppenheimer advised their investors in a research report released on Oct 31, 2016. Finally, Goldman Sachs Group Inc. cut VMware from a buy rating to a neutral rating and set a $81.00 price target on the stock.in a research note on Wednesday, September 7th. Vetr cut shares of VMware from a "strong-buy" rating to a "buy" rating and set a $88.00 price target for the company.in a research report on Tuesday. On Monday, Oppenheimer & Co.'s Ittai Kidron and his team announced their VMware stock upgrade from "market perform" to "outperform", along with establishing a $90 price target. According to a research note published on Aug 30, 2016, analysts at SunTrust have upped their rating on the company stock from Neutral to Buy. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. Summit Research assumed coverage on VMware in a research note on Monday, July 11th.

US based company, VMware, Inc.'s (VMW)'s latest closing price distance was 27.58% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 5.63% and 5.69% compared with the 20 Day Moving Average. The firm has a market capitalization of $32.27 billion, a P/E ratio of 29.64 and a beta of 1.00. VMware, Inc. NYSE has an Earning Per Share for the upcoming year at 14.80%. The virtualization software provider reported $1.14 EPS for the quarter, beating the consensus estimate of $1.10 by $0.04. The High Revenue estimate is predicted as 2 Billion, while the Low Revenue Estimate prediction stands at 1.94 Billion. VMware had a net margin of 16.14% and a return on equity of 15.93%. The company's past year sales total was 1.87 Billion. During the same quarter in the previous year, the company posted $1.02 EPS.

Currently Vmware, Inc. (VMW) grabbed an average recommendation of " Overweight " from analysts.

In related news, VP S. Dawn Smith sold 977 shares of the company's stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $73.59, for a total value of $71,897.43. The insider owns 340,916 shares which have current market value of around $26472127.4.Mr. Rangarajan (Raghu) Raghuram is another major inside shareholder in the company. Company insiders own 0.52% of the company's stock.

Large investors have recently modified their holdings of the company. State Street Corp increased its stake in VMware by 3.1% in the first quarter. Pacer Advisors Inc. now owns 1,773 shares of the virtualization software provider's stock worth $101,000 after buying an additional 168 shares during the last quarter. BlueMountain Capital Management LLC acquired a new stake in VMware during the first quarter worth about $106,000. Aviva PLC now owns 48,141 shares of the virtualization software provider's stock valued at $2,518,000 after buying an additional 349 shares during the period. Vanguard Group Inc. raised its stake in shares of VMware by 2.0% in the second quarter. Finally, Commonwealth Bank of Australia raised its stake in shares of VMware by 0.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 197,846 shares of the virtualization software provider's stock valued at $14,512,000 after buying an additional 192,307 shares during the last quarter. APG Asset Management N.V. increased its position in VMware by 23.0% in the third quarter.

VMware enables enterprises to master a software-defined approach to business and IT with VMware Cross-Cloud Architectureâ„¢ and solutions for the data center, mobility, and security.

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