126.59 +0.43 (0.34%)
After hours: 4:09PM EDT
|Bid||123.80 x 100|
|Ask||126.55 x 100|
|Day's range||125.41 - 128.42|
|52-week range||85.45 - 165.00|
|PE ratio (TTM)||91.42|
|Earnings date||30 May 2018 - 4 Jun 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||138.47|
T. Rowe Price Group, the largest independent shareholder of VMware, opposes a potential merger of the private Dell Technologies with VMware. Such a transaction would be “detrimental to VMware,” Taymour Tamaddon, portfolio manager of the T. Rowe Institutional Large-Cap Growth fund (TRLGX), tells Barron’s. T Rowe Price held 12.4 million shares of VMware (ticker VMW) on Dec. 31, 2017, or about 17% of the public float in the company, and 3% of the total shares outstanding. Dell holds an 82% interest in VMware, which has 403 million shares outstanding.
What Drove Adobe Stock to All-Time High? Earlier in the series, we discussed the factors and offerings that are expected to drive Adobe’s (ADBE) growth in fiscal 2018. Earlier this week, Jim Cramer, host of CNBC’s “Mad Money,” highlighted a new stock selection in the tech space that he calls “the cloud kings.” He gave this distinction to seven software companies “that are transforming the way their customers do business.” Adobe, ServiceNow (NOW), Red Hat (RHT), VMware (VMW), Splunk (SPLK), and Workday (WDAY) made Cramer’s list.
Jim Cramer gives investors seven hot stocks for their shopping list: cloud plays Adobe, Salesforce, ServiceNow, Red Hat, VMware, Splunk and Workday.
Growth at a reasonable price or GARP strategy helps investors gain exposure to stocks that have impressive prospects and are trading at a discount.
Facebook has been hiring so fast that it can't seem to provide enough parking spaces for employees at its Menlo Park headquarter campus.
Privately held Dell, majority owner of VMware (VMW), this morning reported quarterly results, and the Street is of course picking through it for clues to VMware, given that the latter’s stock has been weighed down by rumors Michael Dell would like to take his company public via a reverse merger with VMware. The company this morning didn’t comment on such speculation, but Keith Bachman of BMO Capital, who has an Outperform rating on VMware shares, concludes from today’s conference call with management that “some form of transaction is more likely to occur than not." He feels that is the case given that "VMware contributes a significant portion of Dell’s consolidated free cash flow, particularly since storage results remain weak." He explains: In FY2018, Dell generated consolidated OCF of $6.8 billion and FCF of $5.2 billion, including VMware’s contribution of $3.2 billion and $2.9 billion, respectively, or over 50% of Dell’s consolidated FCFs.
VMware and Amazon Web Services Open New Opportunities for Partners. New capabilities accelerate cloud migration and simplify hybrid cloud deployments. PALO ALTO, Calif., March 07, 2018-- VMware, Inc., ...
PALO ALTO, Calif., March 07, 2018-- VMware, Inc., a leading innovator in enterprise software, today expanded its portfolio of cloud services, helping customers better manage the complexity and risk of ...
Wall Street continues to asses last Thursday’s fiscal Q4 beat by VMware (VMW), and results continue to be overshadowed by the prospect of a reverse merger with privately held Dell, VMware’s majority owner. Someone who’s a little less ebullient about the report itself is Maxim Group analyst Nehal Chokshi. Today, he reiterates a Hold rating on the stock, though he raises his price target to $134 from $123, writing that the results show a deceleration in the “billings” and “bookings” of individual lines of business: Normalizing for the benefit of: (1) DELL (private) pushing VMW products over others, (2) FX, and (3) the mega- DXC booking in the October 2017 Q, we estimate billings decelerated from 10% y/ y in the October 2017 Q to 8% y/y in the January 2017 Q (vs. up 20% y/y in the Oct 2017 Q to 13% y/y on an as-is basis).
The boutique research house GBH Insights today offers up a report from analyst Daniel Ives, who takes a look at the speculation about VMware (VMW), and whether it may be forced to merge with Dell, and concludes, much as my colleague Andrew Bary did in this week’s Barron’s print magazine, that the move would be a very bad one for VMware shareholders. Reports surfaced late last week that Michael Dell, founder and CEO of Dell, is working on details of merging his privately held company into VMware, of which Dell is the majority owner, as a way to bring Dell public again.
Mercy, Nebraska Medicine and Phoenix Children’ s Hospital Showcase Their VMware Solution Deployments at HIMSS VMware Wins KLAS Category Leader Award for Enterprise Mobility Management and Mobile Device ...
Five years after Michael Dell took Dell private in a leveraged buyout that aroused shareholder opposition and likely shortchanged investors, he could soon unveil another controversial transaction: a combination of private Dell Technologies with VMware, the software company in which Dell holds an 82% stake. VMware shares (VMW) fell a total of 12% on Thursday and Friday, to $116, in the wake of a CNBC report that Dell and VMware are considering a so-called reverse merger in which VMware would issue shares to Dell Technologies and allow it to go public without doing a conventional IPO.
VMware has vastly improved its prospects as a software business. Investors now just have to wonder whether that is what they actually are buying into.
The company had a solid fourth quarter, but a possible transaction with parent company Dell is overshadowing those results.
As mentioned earlier, most analysts looking at yesterday’s better than expected fiscal Q4 report from virtualization pioneer VMware (VMW) are concluding that financials don’t matter as much as Michael Dell’s rumored interest in taking the company private via a reverse merger. VMware shareholders have little to no recourse for any action taken by parent company Dell.
Here are some things going on today in your world of tech: The Nasdaq Composite is down 1% at the open, falling along with other major indices. Shares of virtualization pioneer VMware (VMW) are down $7.64, or 6%, at $116.02, despite the company yesterday afternoon beating fiscal Q4 expectations, and affirming its outlook: as William Blair’s Jason Ader writes, it was a “strong” report, but it doesn’t really matter. “VMware stock has now become event-driven,” with Michael Dell’s rumored interest in conducting a reverse merger.
PALO ALTO, Calif., March 02, 2018-- VMware, Inc., in partnership with Workday, Cloudera, Mozilla, Stanford Clayman Institute for Gender Research, and Code2040 today announced that registration is open ...
VMware's (VMW) fourth-quarter fiscal 2018 results benefit from strong top-line growth driven by robust performance from NSX and vSAN product line.