VMware Reports Fiscal Year 2021 First Quarter Results
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VMware (VMW) PT Raised to $152 at Mizuho Securities
May 29, 2020 11:08 AM EDTMizuho Securities analyst Gregg Moskowitz raised the price target on VMware (NYSE: VMW) to $152.00 (from $140.00) while maintaining a Neutral rating. Total revenue was $2.73B, which was up 12% Y/Y and also above the Street's $2.64B. Non-GAAP EPS of $1.52 materially beat the Street's $1.20 estimate.... More
VMware (VMW) PT Raised to $162 at BofA Securities
May 29, 2020 7:39 AM EDTBofA Securities analyst Kash Rangan raised the price target on VMware (NYSE: VMW) to $162.00 (from $135.00) while maintaining a Buy rating. The company reported total revenues, OM, and EPS beating estimates by +2.9%, +400bps, +$0.24. Management lowered FY21 total revenues guide to mid-single digits (vs... More
VMware (VMW) Tops Q1 EPS by 32c, Revenues Beat
May 28, 2020 4:17 PM EDTVMware (NYSE: VMW) reported Q1 EPS of $1.52, $0.32 better than the analyst estimate of $1.20. Revenue for the quarter came in at $2.73 billion versus the consensus estimate of $2.65 billion.
Revenue for the first quarter was $2.73 billion, an increase of 12% from the first quarter of fiscal 2020.The combination of subscription and SaaS and license revenue was $1.23 billion, an increase of 17% from the first quarter of fiscal 2020.Subscription and SaaS revenue for the first quarter was $572 million, an... More