VMware, Inc. (NYSE:VMW) registered a 3.49% increase, still its new closing price is 101.53% up from the company’s 1 year high of 85.52.It posted 5.47% gains in previous 5 sessions and is now the subject of 21 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 6 buy or better ratings. The 37 stock analysts following this company have an average price target at $88.85, with individual PT in the $50.00-$105.00 range. The shares moved at $87.16, implying that brokerage firms see shares gaining about 93.69% in twelve months time.
VMware, Inc. (VMW) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 10.71% rise year to date. A EVP, Worldwide Sales at VMware, Inc. (VMW) offloaded shares in a transaction closed on Thursday December 08, 2016. Carli Maurizio sold 12,650 shares in the company at $81.14 each and collected $1,026,000 in proceeds. Carli Maurizio now owns 120,566 shares in the company after this transaction. A Sr. Vice President, CAO in the company, Krysler P. Kevan, disclosed a transaction on Thursday November 17, 2016 that ended up generating $238,000 from the sale of 3,000 shares at $79.42 per share.
VMware, Inc. (NYSE:VMW) Upcoming Results on Tap
VMware, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.35 in that period. Sales during the quarter are predicted to arrive at $5.95 billion.
Earnings surprise history: Last quarter, the company posted approximately $2.03 billion in revenue and EPS of $1.43. The mean forecast was for $1.99 billion and $1.39 a share, respectively. One quarter earlier, revenue for the stock was at $1.78 billion, with earnings at $1.14/share.
VMware, Inc. (VMW) Brokerage Update
VMware, Inc. (VMW) is in Raymond James’s research list so their analyst rating change is noteworthy. These shares were upgraded to Outperform from Mkt Perform by Raymond James, according to news reported on Thursday November 03, 2016.Another important research note was issued by Oppenheimer on Monday October 31, 2016.The firm upgraded VMW to Outperform from Perform. Over the last six months and over the last three months, the shares of VMware, Inc. (VMW), have changed 19.45% and 18.89%, respectively.