VMware (VMW) Receives a Rating Update from a Top Analyst


Monness analyst Brian White maintained a Hold rating on VMware (VMW) today. The company’s shares closed last Thursday at $140.38.

According to TipRanks.com, White is a top 25 analyst with an average return of 28.4% and a 75.4% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Slack Technologies, and Alphabet Class A.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for VMware with a $166.82 average price target.

See today’s analyst top recommended stocks >>

Based on VMware’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $2.88 billion and net profit of $447 million. In comparison, last year the company earned revenue of $2.63 billion and had a net profit of $5.3 billion.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VMW in relation to earlier this year. Most recently, in July 2020, Rangarajan Raghuram, the COO, Products & Cloud Services of VMW sold 26,817 shares for a total of $3,744,190.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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. The company was founded by Diane Greene, Mendel Rosenblum, Scott Devine, Edward Wang and Edouard Bugnion in 1998 and is headquartered in Palo Alto, CA.

Read More on VMW:

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts