VMware Receives a Buy from Barclays


In a report issued on May 18, Raimo Lenschow from Barclays maintained a Buy rating on VMware (NYSE: VMW), with a price target of $154. The company’s shares closed on Friday at $138.99.

According to TipRanks.com, Lenschow is a top 100 analyst with an average return of 18.9% and a 74.5% success rate. Lenschow covers the Technology sector, focusing on stocks such as Coupa Software Inc, Citrix Systems, and Salesforce.com.

VMware has an analyst consensus of Moderate Buy, with a price target consensus of $139.46.

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Based on VMware’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $2.31 billion and GAAP net loss of $440 million. In comparison, last year the company earned revenue of $1.74 billion and had a net profit of $232 million.

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VMware, Inc. engages in the provision of cloud infrastructure and business mobility. Its products include Software-Defined Data Center, Hybrid Cloud Computing, and End-User Computing. It supports modernizing data centers, integrating public clouds, empowering digital workspaces and transforming security.

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