VMW - VMware, Inc.
| Previous Close | 151.69 |
| Open | 152.12 |
| Bid | 144.00 x 1000 |
| Ask | 0.00 x 1400 |
| Day's Range | 149.26 - 153.11 |
| 52 Week Range | 128.69 - 206.80 |
| Volume | 2,267,067 |
| Avg. Volume | 1,660,768 |
| Market Cap | 61.614B |
| Beta (3Y Monthly) | 0.88 |
| PE Ratio (TTM) | 10.03 |
| EPS (TTM) | 15.04 |
| Earnings Date | Nov 26, 2019 - Nov 29, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | 2018-12-31 |
| 1y Target Est | 172.46 |
- TechCrunch
Innovation Break: Deliver Innovation to the Enterprise with Monty Gray (Okta), DJ Paoni (SAP), Sanjay Poonen (VMWare) and Shruti Tournatory (Sapphire Ventures)
For startups, the appeal of enterprise clients is not surprising — signing even one or two customers can make an entire business, and it can take just a few hundred to build a $1 billion unicorn company. But while corporate counterparts increasingly look to the startup community for partnership opportunities, making the jump to enterprise sales is far more complicated than scaling up the strategy startups already use to sell to SMBs or consumers. Hear from enterprise leaders at Okta, SAP, and VMware as they address how startups can adapt their strategy with the needs of the enterprise in mind. Sponsored by SAP.
- TechCrunch
How Kubernetes Changed Everything with Brendan Burns (Microsoft), Tim Hockin (Google Cloud), Joe Beda (VMware), and Aparna Sinha (Google)
You can't go to an enterprise conference and not talk Kubernetes, the incredibly popular open source container orchestration project that was incubated at Google. For this panel, we brought together three of the founding members of the Kubernetes team and the current director of product management for the project at Google to talk about the past, present and future of the project and how it has changed how enterprises think about moving to the cloud and developing software.
- Zacks
VMware (VMW) Up 1.8% Since Last Earnings Report: Can It Continue?
VMware (VMW) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- GlobeNewswire
SEMG, PVTL, FCSC and AVDR SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Buyouts
WILMINGTON, Del., Sept. 19, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: SemGroup Corporation (NYSE: SEMG) regarding possible breaches of fiduciary.
- PR Newswire
Singapore Airlines Works with VMware to Reimagine Employee Digital Experience
SINGAPORE, Sept. 19, 2019 /PRNewswire/ -- VMware, Inc. (VMW), a leading innovator in enterprise software, announced today that its Workspace ONE solution has been selected by Singapore Airlines (SIA) to provide richer employee digital experiences across multiple apps and devices. With a focus on augmenting SIA's mobile-friendly Bring Your Own Device (BYOD) strategy, VMware Workspace ONE platform will streamline the delivery of mobile applications across more than 14,000 employee-owned devices, as well as more than 6,000 company-issued devices.
- InvestorPlace
Beware Valuation Risks on VMware Stock
In early May 2019, cloud computing and virtualization software giant VMware (NYSE:VMW) looked unstoppable. VMware was riding high on big-time partnerships with cloud platform giants Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT), the numbers looked great and VMW stock was soaring towards fresh all-time highs around $200.Source: Sundry Photography / Shutterstock.com But, as seasoned investors know, when stocks look unstoppable -- well, that's when they are most likely to be stopped.VMware stock has been no exception. In May 2019, VMW stock touched an all-time high of $206. Ever since, shares have shed more than 25%. The culprit behind the selloff? VMware has gone on an aggressive buying spree, and investors aren't sure if all of these acquisitions will pay off in the long run. Organic revenue growth has also slowed over the past few months. Profit margins have started moving in the opposite direction.InvestorPlace - Stock Market News, Stock Advice & Trading TipsPut all that together against a stretched valuation backdrop -- VMW stock was trading at a multi-year high, 30-times forward earnings multiple in May -- and it's no wonder that the VMware stock price has come crashing down over the past few months.What's next? I'd say some choppy trading. Technically and optically, it looks like the worst of the selloff is over. But, fundamentally, near- to medium-term upside in shares is not compelling.As such, I'm choosing to watch this one from the sidelines. Neither the bull nor the bear theses look all that good here. Technicals and Optics Look GoodThe technicals and optics for VMware stock look good, and both support the notion that the worst of this recent selloff is over.From a technical perspective, you have a stock that was severely beaten up. But, shares have shown strength over the past few weeks. They are up nearly 20% from their late August lows, and the stock is getting awfully close to crossing above its 50-day moving average in a convincing manner. If the stock does retake this trend line, then the technicals will signal that a bottom in this selloff has been put in. * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars On the optics side, broader market sentiment has improved meaningfully over the past several years. With respect to VMW stock specifically, trade tensions have cooled and global economic activity has picked up. Both of these things have brought investors back into large-cap cloud stocks with global exposure, because there is a feeling out there that the global semiconductor market -- which has been retreating for the entire year -- is about to turn higher.In the big picture, then, the technicals and optics here support the bull thesis for VMW stock. Valuation Risks Remain for VMware StockThe problem here is that the fundamentals do not support the bull thesis for VMW stock.Here's the VMware story in a nutshell. Several years back, the company pioneered x86 server virtualization. It was a huge hit. Companies started to realize that virtualization was a scalable way to perform IT workloads at significantly reduced costs. And when they started to employ server virtualization, they overwhelmingly did so with VMware. But, come 2016-17, the server virtualization market had pretty much dried up. That is, enterprise data-center virtualization levels were nearing 100%.Growth at VMware dried up, too. Once a steady 15%-plus revenue growth company, VMware slipped to a 7% revenue growth rate in fiscal 2017. VMware responded by leveraging multiple acquisitions across many different verticals to transform into a multi-cloud infrastructure company focused on software-defined data centers, hyper-converged infrastructures and security.Growth came back into the picture. Throughout fiscal 2019 and 2020, revenue growth rates have been north of 10%. But, here's the catch -- revenue growth is just 12%, and slowing, with analysts modeling for sub-12% revenue growth this year and sub-10% revenue growth next year.Thus, while growth has come back into the picture, VMware is still just a roughly 10% revenue growth company. That's not very big. Worse yet, gross margins are actually maxing out because the higher-margin licensing business is slowing while the lower-margin services business isn't slowing. Operating expense rates aren't dropping much because VMware is having to spend a bunch to sustain double-digit revenue growth in new competitive markets. Operating margins have actually retreated in FY20.VMware is growing again, but not by that much. The stock trades at over 20-times forward earnings. That's a big growth multiple. This is a low growth company. That's not a great combination. Bottom Line on VMW StockThere may not be much pain ahead for VMW stock. But there won't be much gain, either. This is a low growth company trading at a big growth valuation. That combination most normally results in choppy trade, meaning VMW stock going forward is in a "buy the dip, sell the rally" situation.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential The post Beware Valuation Risks on VMware Stock appeared first on InvestorPlace.
- Simply Wall St.
We Think VMware (NYSE:VMW) Can Stay On Top Of Its Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
- American City Business Journals
These 20 Bay Area companies pay the highest total median salary in the nation
The salary totals are yet another example of the bruising battle Bay Area employers face for talented workers, especially in the tech industry.
- Zacks
Oracle on a Partnership Spree With VMwae, Intel & Deloitte
Oracle's (ORCL) partnerships with the likes of Accenture and Microsoft are expected to aid the company in expanding cloud-base clientele.
- Bloomberg
Oracle Unveils More Autonomous Software to Boost Cloud Growth
(Bloomberg) -- Oracle Corp. unveiled an operating system that runs without the need for human oversight, part of a raft of new software tools meant to ease the company’s rocky transition to cloud computing.The operating system expands Oracle’s line of autonomous products beyond databases, the company’s flagship software. Chairman Larry Ellison announced the new Linux-based product Monday during remarks at OpenWorld, Oracle’s annual user conference in San Francisco.“If you eliminate human error in autonomous systems, you eliminate data theft,” Ellison said on stage. The feature makes Oracle’s products more secure than those sold by cloud leader Amazon Web Services, he said.Ellison said the operating system, which the company’s Autonomous Database runs on, will update itself without any downtime.The world’s second-largest software maker has sought to revive sales growth after years of almost stagnant revenue. Oracle hopes that a lineup of “self-driving” programs could help differentiate the company’s offerings against products from Amazon.com Inc. and Microsoft Corp. Those companies are the top two in the market to rent storage and computing power, which is projected to reach almost $39 billion in 2019. The tools may also entice longtime Oracle customers to upgrade their technology to take advantage of artificial intelligence and machine learning capabilities.Oracle disclosed last week that Mark Hurd, one of the company’s two chief executive officers, would take a leave of absence to treat an unspecified illness. Ellison and Oracle’s other CEO, Safra Catz, said they would fill in for Hurd, who has overseen the company’s sales and marketing efforts.The Redwood City, California-based company also announced a variety of changes and new programs to bolster its partner ecosystem:Oracle unveiled an agreement with VMware Inc. to bring virtualization software to Oracle’s cloud, similar to deals VMware has signed with Microsoft and Google.Customers will be able to buy software made by other companies in the Oracle Cloud Marketplace, which may help company partners including Cisco Systems Inc. and Palo Alto Networks Inc.Oracle also said it expanded a relationship with cybersecurity company McAfee Inc. to bring its security incident software to Oracle’s infrastructure cloud.Ellison said Oracle would offer a free version of its Cloud Infrastructure, giving developers, students and others perpetual access to the company’s autonomous database, computing and storage.The company plans to launch 20 additional cloud data-center hubs, called “regions,” by the end of 2020. Ellison said the company would have more regions around the world than AWS.Oracle will let customers run the autonomous database in their own data centers next year, and unveiled new servers with updated memory components from Intel Corp.To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters
Corrected: Oracle, VMware agree to deal on cloud technology, technical support
Oracle Corp and VMware Inc on Monday announced a deal designed to resolve years of tension over how Oracle handles technical support for VMware users and make it easier for them to move to Oracle's cloud computing service. Oracle is competing against Amazon.com Inc and Microsoft Corp to offer cloud services, where businesses use Oracle's data centres to handle their computing needs. In recent years, cloud providers have worked to woo large businesses that still run their own data centres to move some or all of that work to the cloud.
- Reuters
Oracle, VMware agree to deal on cloud technology, technical support
Oracle Corp and VMware Inc on Monday announced a deal designed to resolve years of tension over how Oracle handles technical support for VMware users and make it easier for them to move to Oracle's cloud computing service. Oracle is competing against Amazon.com Inc and Microsoft Corp to offer cloud services, where businesses use Oracle's data centers to handle their computing needs. In recent years, cloud providers have worked to woo large businesses that still run their own data centers to move some or all of that work to the cloud.
- GlobeNewswire
Oracle and VMware Partner to Support Customers’ Hybrid Cloud Strategies
ORACLE OPENWORLD -- Today, Oracle (ORCL) and VMware, Inc. (VMW), announced an expanded partnership to help customers leverage the companies’ enterprise software and cloud solutions to make the move to the cloud. Under this new partnership, customers will be able to support their hybrid cloud strategies by running VMware Cloud Foundation on Oracle Cloud Infrastructure.
- Financial Times
From the inside out: top 10 ‘legal intrapreneurs’
The list is divided to reflect two sides of the legal profession. In three years at Hogan Lovells, Mr Allen has expanded the legal project management team, created a legal delivery centre in Birmingham and formed partnerships with legal services companies to expand the firm’s delivery options and technology capability. Of the projects he has pioneered, he says introducing a data science capability was the riskiest.
- Zacks
Fortinet (FTNT) to Secure Telenor Sweden's SD-WAN Services
Fortinet (FTNT) is going to consolidate NGFW security and SD-WAN services into a single platform to effectively protect data and applications of Telenor Sweden's customers.
- TheStreet.com
VMware Shows New Strength, But Wait for a Dip or Retest to Buy
After a sprint higher in the IT company's shares in recent days, traders and investors might do well to wait for a temporary pullback to pick up the stock.
- InvestorPlace
This Is the One Big Reason VMware Stock Should Be On Your Radar
While politicians loudly decry the "monopoly" of Cloud Czars like Alphabet (NASDAQ:GOOGL), Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT), the market is quietly undermining their power. That's because cloud computing is no longer a big deal. Anybody can have a cloud. And as the cost of building and maintaining clouds continues to decline, VMware (NYSE:VMW) is out to make some serious coin, making VMware stock an appealing name to keep on your list of stocks to watch.Source: Sundry Photography / Shutterstock.com It's not that big clouds won't still exist. They will. VMware's most important alliance may be with Amazon Web Services. It manages interactions between corporate clouds and the wider internet, using Amazon's vast data stores. But the public clouds are doomed to be utilities. Enterprises are taking back control over their cloud future. Why So Cheap?As trade opened Sept. 10, VMware had a market cap of $59 billion on trailing year revenue of $9.5 billion, and a price-to-earnings ratio of under 10. That's dirt cheap for a tech stock, even without a dividend.InvestorPlace - Stock Market News, Stock Advice & Trading TipsVMware is cheap in part because of its complex relationship with Dell Technologies (NASDAQ:DELL). Dell bought EMC's 80% stake in VMware back in 2015, when it was privately held, then used the tracking stock to go public last year. * 7 Low-Risk Mutual Funds to Buy Now The result is that DELL has the debt from its original 2015 transaction. That's now $45 billion. The VMware balance sheet remains relatively pristine -- just $4.2 billion of debt and $3 billion in cash as of the end of July.The clean balance sheet let VMware launch an acquisition binge with the new year. It has already made four deals since January and is in the process of completing two more, for Pivotal Software (NASDAQ:PVTL) and Carbon Black (NASDAQ:CBLK). A Complete Cloud StackThe result will be a complete stack of cloud tools with which customers can load existing applications into Kubernetes containers, run them under VMware's vSphere virtualization system and protect them.VMware calls it "Project Pacific." It's designed to go up against International Business Machine's (NYSE:IBM) OpenShift, running both cloud-ready and cloud-native apps. It also competes with Google's Anthos, which runs on vSphere, through a program called Tanzu Mission Control, automating policy and security management. Load management is handled through another recent acquisition, Avi Networks.It sounds complex, but it points to a world where companies reconfigure their own systems as clouds, moving workloads in-and-out of multiple public clouds as needed. Dell sells the hardware for building these new private clouds, while VMware handles the management and integration issues.This is the market that's the new "hockey stick" of computing, an area where analysts are predicting spectacular growth. Gartner expects cloud spending to double within three years, to over $330 billion. For now there's plenty of room for all players to grow, witness how Google Cloud is growing rapidly without picking up market share. The Bottom Line on VMware StockMany analysts expected the hybrid cloud market to follow the public cloud market quickly. But the economics of public clouds were so great that many companies delayed their own private cloud plans, waiting for better tools. * 10 Stocks to Sell in Market-Cursed September Those tools are now being offered. Enterprises of all types can now manage and secure their own clouds, using public clouds only on an as-needed basis. That means data can be maintained within the company or, as cloud data is increasingly regulated, within a country.The clouds have created a new global computing environment, but the rest of enterprise computing is adapting to it. As it does, the dominance of the public clouds is going to be challenged, as enterprises gain independence from them.This will happen with help from companies like VMware. It may be the biggest opportunity in computing today. And that makes VMW stock one to own for the long term.Dana Blankenhorn is a financial and technology journalist. He is the author of the environmental story, Bridget O'Flynn and the Bear, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in MSFT and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post This Is the One Big Reason VMware Stock Should Be On Your Radar appeared first on InvestorPlace.
- GlobeNewswire
VMware and Carbon Black Announce HSR Clearance for Tender Offer
VMware, Inc. (VMW) and Carbon Black, Inc. (CBLK) today announced that the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”) applicable to VMware’s cash tender offer for Carbon Black has been terminated. As previously announced, VMware’s wholly owned subsidiary, Calistoga Merger Corp., commenced a cash tender offer to purchase all of the outstanding shares of common stock, par value $0.001 per share, of Carbon Black for a price of $26 per share (the “Tender Offer”). The termination of the waiting period under the HSR Act satisfies one of the conditions necessary for the consummation of the pending acquisition.
- Motley Fool
Why Pivotal Software Stock Soared 57.3% in August
The cloud-native platform specialist is being acquired. Here's what investors need to know.
- Thomson Reuters StreetEvents
Edited Transcript of VMW earnings conference call or presentation 22-Aug-19 8:30pm GMT
Q2 2020 VMware Inc Earnings and Definitive Agreements to Acquire Carbon Black Inc along with Pivotal Software Inc Call
- GuruFocus.com
Vmware Inc (VMW) CFO & EVP Zane Rowe Sold $3 million of Shares
CFO & EVP of Vmware Inc (30-Year Financial, Insider Trades) Zane Rowe (insider trades) sold 20,000 shares of VMW on 09/05/2019 at an average price of $147.54 a share. Continue reading...
- GlobeNewswire
VMware Commences Tender Offer for Carbon Black
VMware, Inc. (VMW), a leading innovator in enterprise software, today announced that its wholly owned subsidiary, Calistoga Merger Corp. (“Merger Sub”), has commenced a cash tender offer to purchase all of the outstanding shares of common stock, par value $0.001 per share, of Carbon Black (CBLK), a leader in cloud-native endpoint protection, for a price of $26 per share (the “Tender Offer”). The Tender Offer is being made upon the terms and subject to the conditions set forth in the offer to purchase, dated September 6, 2019, and the related letter of transmittal and pursuant to the previously announced agreement and plan of merger (the “Merger Agreement”), entered into by and among Merger Sub, VMware and Carbon Black on August 22, 2019.
- InvestorPlace
VMWare (VMW) Just “Struck Oil” – Here’s How to Invest
VMWare's (NYSE:VMW) meteoric rise after inking a key partnership a couple years ago just goes to show: "Data is the new oil."That phrase was first coined in 2006 by a British statistician named Clive Humby. He should know; he created the first supermarket loyalty card on behalf of Tesco (OTCMKTS:TSCDY). And with the data gleaned from that "Clubcard" program, the U.K. grocery chain doubled its market share from 1994 to 1995 alone. Talk about a valuable commodity!These days, companies like VMWare are crucial in keeping this gravy train going. And VMW stock is up roughly 70% for us at Growth Investor.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe "VM" in "VMWare" stands for virtual machines, which is software that solves a big problem for many businesses: too many servers.The more your company grows, the more data storage you need, but multiple servers quickly become a major headache - and costly. Instead, you can just log into VMWare, and do all your computing on one server. Things run faster and more efficiently, with less confusion. No wonder VMWare grew both earnings and revenue (+12% year-over-year) in the second quarter, both of which beat Wall Street expectations. * 7 Stocks to Buy In a Flat Market Now, these days, many companies don't keep their own servers, or even rent space in a data center…they just use cloud (online) storage. Or they use some combination of the three. And when it comes to this "hybrid cloud," VMWare has pretty much cornered the market.That's thanks to a historic partnership with one of my other Growth Investor picks: Amazon (NASDAQ:AMZN). You might think of Amazon more for online shopping, or to buy e-books for your Kindle. Well, these days, its biggest profit driver is actually Amazon Web Services (AWS).VMWare was already a leader in the cloud computing field; it is the infrastructure platform choice of 100% of the Fortune 500\. It also has strong marketing relationships with computer hardware vendors, like Dell Technologies (NYSE:DELL), HP Inc. (NYSE:HPQ) and IBM (NYSE:IBM). Now that this "private cloud" company has partnered with Amazon's "public cloud" service, customers don't need to choose.Below you can see VMWare's products for your data center and for VMWare Cloud, plus Amazon's own cloud services - and how they can all interact. For Big Data, VMWare and AWS is a "one-stop shop."Source: VMWare.comHospitals, banks, car companies, the Make-a-Wish foundation, even candy companies and colleges all use VMWare to make their data operations more modern (and thus more secure).There's just one final frontier for VMWare and AWS (and their customers): the "mother of all technologies." Crunching the NumbersUp until now, technologies have certainly made our lives easier and more efficient…but with a lot of room for human error. People trip over cords, spill their coffee, and get tired.Artificial intelligence (A.I.) does not.As scientists find even more applications for artificial intelligence - from healthcare to retail to self-driving cars - it's incredible to imagine how much data will be involved.To create A.I. programs in the first place, tech companies must collect vast amounts of data on human decisions. Data is what powers every A.I. system.So any one company that can help with customers' data issues - is the one company that's most worth investing in.After all, in the 2003 oil boom, investors could either speculate on oil futures contracts… or they could have bought shares in Core Laboratories (NYSE:CLB).Core did no drilling or exploration of its own. It provided technology to lots of companies who did. And as oil prices climbed from $30 per barrel in 2003 to $100 per barrel in 2008, Core's customers had more money to spend on exploration. Along with that, CLB stock rose 1,100%…with less risk.Now, picture an industry like Big Oil as a huge skyscraper with lots of offices. By buying stock in an individual oil company, it's like having a key to one of those offices. By buying Core Laboratories, it's like having a "Master Key" to all of them. The A.I. "Master Key"Core Laboratories was the Master Key to the 2000s oil boom. And here, the Master Key is the company that makes the "brain" that all A.I. software needs to function, spot patterns, and interpret data.It's known as the "Volta Chip." Last week, VMWare just signed a big deal with this very company -- and its Volta Chip is what makes the A.I. revolution possible.Some of the biggest players in elite investing circles have large stakes in the A.I. Master Key: * Ron Baron, billionaire money manager with one of the biggest estates in the Hamptons. * Ken Fisher, author of The Ten Roads to Riches and other bestsellers, who's made the Forbes 400 Richest Americans list. * Mario Gabelli, namesake of the Gabelli Funds, with a salary of $85 million for one year -- Wall Street's highest paid CEO.None of them, however, are programmers…or any kind of tech guru. You don't need to be an A.I. expert to take part. I'll tell you everything you need to know, as well as my buy recommendation, in my special report for Growth Investor, The A.I. Master Key. The stock is still under my buy limit price -- so you'll want to sign up now; that way, you can get in while you can still do so cheaply.Click here for a free briefing on this groundbreaking innovation.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post VMWare (VMW) Just "Struck Oil" - Here's How to Invest appeared first on InvestorPlace.
