Vmware, Inc. (NYSE:VMW) is reporting third quarter financial results on Tuesday 24th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, VMW is expected to report 3Q21 income of $ 1.43 per share from revenue of $ 2809.17 million.
For the full year, analysts anticipate top line of $ 11624.30 million, while looking forward to income of $ 6.66 per share bottom line.
The Company Outlook
Earnings for 3Q21 are anticipated in a range of $ 1.42 ~ $ 1.42 per share, while revenues are expected in a range of $ 2,800.00 million ~ $ 2,800.00 million
Full Year 2021 topline are forecasted in a range of$ 11,600.00 million ~ $ 11,600.00 million, where as bottomline are predicted in a range of $ 6.62 ~ $ 6.62 per share
Click Here For More Historical Outlooks Of Vmware, Inc.
Previous Quarter Performance
Vmware, Inc. disclosed income for the second quarter of $ 1.81 per share, from the revenue of $ 2,875.00 million. The quarterly earnings expanded 13.13 percent while revenues expanded 17.88 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.45 per share from $ 2803.36 million in revenue. The bottom line results beat street analysts by $ 0.36 or 24.83 percent, at the same time, top line results outshined analysts by $ 71.64 million or 2.56 percent.
Stock Performance
Shares of Vmware, Inc. traded up $ 1.14 or 0.77 percent on Monday, reaching $ 148.94 with volume of 1.20 million shares. Vmware, Inc. has traded high as $ 149.88 and has cracked $ 146.38 on the downward trend
According to the previous trading day, closing price of $ 148.94, representing a 71.86 % increase from the 52 week low of $ 86.00 and a 14.24 % decrease over the 52 week high of $ 172.34.
The company has a market capital of $ 62.57 billion and is part of the Technology sector and Software – Infrastructure industry.
Recent Analyst recommendations
- On 14th October 2020, initiated by UBS Group at Neutral rating, with $ 155.00 target price.
Conference Call
Vmware, Inc. will be hosting a conference call at 4:30 PM eastern time on 24th November 2020, to discuss its 3Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.vmware.com
VMware, Inc. provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces in the United States and internationally. The company offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.
