Maxim Group Maintains Their Hold Rating on VMware (VMW)


In a report issued on August 2, Nehal Chokshi from Maxim Group maintained a Hold rating on VMware (VMW). The company’s shares closed on Friday at $162.68.

According to TipRanks.com, Chokshi is a 4-star analyst with an average return of 5.1% and a 50.0% success rate. Chokshi covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Super Micro Computer, and Palo Alto Networks.

VMware has an analyst consensus of Moderate Buy, with a price target consensus of $205.

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Based on VMware’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $2.27 billion and net profit of $505 million. In comparison, last year the company earned revenue of $2.17 billion and had a net profit of $644 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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