Oppenheimer Reiterates Outperform on VMware (VMW)

By admin | 6 years ago

VMware (NYSE: VMW)‘s stock had its “outperform” rating restated by equities researchers at Oppenheimer (NYSE: OPY) in a report issued on Wednesday.

Shares of VMware opened at 93.90 on Wednesday. VMware has a one year low of $74.69 and a one year high of $118.79. The company has a market cap of $40.118 billion and a P/E ratio of 51.34.

VMware last issued its quarterly earnings data on Wednesday, April 18th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.07. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. On average, analysts predict that VMware will post $0.65 earnings per share next quarter.

A number of other firms have also recently commented on VMW. Analysts at Mizuho upgraded shares of VMware from a “neutral” rating to a “buy” rating in a research note to investors on Friday, June 1st. They now have a $107.00 price target on the stock, up previously from $104.00. Separately, analysts at Citigroup (NYSE: C) raised their EPS on shares of VMware in a research note to investors on Thursday, April 19th. They now have a “sell” rating and a $90.00 price target on the stock. Finally, analysts at Jefferies Group (NYSE: JEF) reiterated a “hold” rating on shares of VMware in a research note to investors on Thursday, April 19th. They noted that the move was a valuation call.

VMware, Inc. is a provider of virtualization and virtualization-based cloud infrastructure solutions.

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