VMware (VMW) Tops Q1 EPS by 2c; Offers Strong Q2 Outlook

Drexel Hamilton Raises Price Target on VMware (VMW) Following 1Q Earnings

April 20, 2016 9:17 AM EDT

Drexel Hamilton reiterated a Buy rating on VMware (NYSE: VMW), and raised the price target to $77.00 (from $71.00), following the company's 1Q earnings release. VMware reported non-GAAP sales of $1.59b, ahead of $1.57b estimates. EPS of $0.86 was better than the Street's $0.84 estimate.

Analyst Brian... More

Mizuho Securities Remains Sidelined as VMware (VMW) 1Q Beats 1Q Expectations

April 20, 2016 8:25 AM EDT

Mizuho Securities reiterated a Neutral rating and $52.00 price target on VMware (NYSE: VMW) following the company's 1Q earnings report. EPS came in $0.02 better than forcasts, as revenue was reported better than expectations as well. Management sounded confident about hitting its full year goal and... More

VMware (VMW) Guides Q2 EPS, Revenue to High-Side of Expectations

April 19, 2016 5:24 PM EDT

VMware (NYSE: VMW) sees Q2 sales of $1.66 - $1.71 billion and EPS of $0.94 - $0.97. The consensus is at revenue of $1.66 billion and EPS of $0.94.

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VMware results, forecast boosted by strong sales of newer software

April 19, 2016 4:29 PM EDT

By Kshitiz Goliya

(Reuters) - VMware Inc (NYSE: VMW) reported a better-than-expected rise in quarterly revenue, helped by strong sales of its newer virtualization software, and the company also said it would buy back $1.2 billion of its Class A stock this year.

Strong acceptance of its newer offerings also helped VMware forecast second-quarter revenue largely above analysts' estimates, helping send the company's shares up 8.7 percent to $55.95 in after-hours trading on Tuesday.

VMware's new virtualization offerings include NSX, which makes networking more efficient, and vSAN, which organizes data in a way that increases storage capacity... More