VMware Reports Third Quarter 2016 Results

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Go back to VMware Reports Third Quarter 2016 Results

Drexel Hamilton Raises Price Target on VMware (VMW) Following 3Q

October 27, 2016 8:27 AM EDT

Drexel Hamilton reiterated a Buy rating on VMware (NYSE: VMW), and raised the price target to $90.00 (from $85.00), following the company's 3Q earnings report. VMware reported non-GAAP sales of $1.778 billion that beat the Street at $1.763 billion. Pro forma EPS of $1.14 beat the Street's $1.10. Management expects 4Q... More

Jefferies Raises Price Target on VMware (VMW) to $91 Following Better Than Expected 3Q

October 27, 2016 7:31 AM EDT

Jefferies reiterated a Buy rating on VMware (NYSE: VMW), and raised the price target to $91.00 (from $89.00), following the company's 3Q earnings report. Non-GAAP EPS of $1.14 on total revenue of $1.778B and license of $691M exceeded consensus of $1.10, $1.763B, and $685M, respectively. Also, both total and... More

VMware (VMW) Tops Q3 EPS by 4c

October 26, 2016 4:21 PM EDT

VMware (NYSE: VMW) reported Q3 EPS of $1.14, $0.04 better than the analyst estimate of $1.10. Revenue for the quarter came in at $1.78 billion versus the consensus estimate of $1.76 billion.

"Our very good third-quarter financial results reflect VMware's strength in delivering strategic value to our customers," said... More