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Broadcom Reports Slowing Growth as It Awaits Final VMware Acquisition Approval Time to Buy the Stock? The Motley Fool

vmware stock price today

That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.

vmware stock price today

You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. VMware VMW has outperformed the market over the past 15 years by 2.53% on an annualized basis producing an average annual return of 11.58%. Currently, VMware has a market capitalization of $71.44 billion. For the full year, the company is expected to earn $7.23 per share, representing a year-over-year change of +10.72%.

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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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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. Broadcom has been a great dividend growth story, and has supplemented shareholder returns with ample stock repurchases. The plan is much the same going forward once VMware is in the fold.

VMware Reports Fiscal Year 2024 Second Quarter Results

CEO Hock Tan and company reported decelerating revenue growth in the fiscal third quarter of 2023 (the three months ended in July) compared to earlier this year. Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

vmware stock price today

Broadcom may not be the timeliest purchase right now, but for investors looking for top semiconductor and cloud computing stocks for the decade ahead, this is still a great buy-and-hold candidate in my book. We raise our fair value estimate for VMware VMW to $180 per share from $161 and maintain our narrow moat, High Uncertainty, and standard capital allocation ratings. If the deal were to fall apart, we’d likely maintain our stand-alone $175 fair value estimate for VMware. The promising estimate revisions have helped VMware earn a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Earnings Transcripts

Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes.

Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. Broadcom stock was dirt cheap late in 2022 and into early 2023, and that value trade is now gone. Still, at 21 times trailing-12-month free cash flow, this is by no means a ludicrously expensive stock.

VMware Inc VMW:NYSE

Not bad, especially if Tan is able to apply his past acquisition playbook to VMware and further juice FCF profit margins to 50% and beyond. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. 2,988 employees have rated VMware Chief Executive Officer Pat Gelsinger on Glassdoor.com.

  • VMware, Inc. is a provider of multi-cloud services for all apps that enables digital with enterprise control.
  • Morningstar analysts hand-select direct competitors or comparable companies to
    provide context on the strength and durability of VMW’s
    competitive advantage.
  • The merger is part of a wider trend in the technology sector, with major companies seeking to consolidate their positions through strategic acquisitions and mergers.
  • Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
  • Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day.

A hold rating indicates that analysts believe investors should maintain any existing positions they have in VMW, but not buy additional shares or sell existing shares. The key insight to take from this article is to note how how to start a hedge fund in india much of a difference compounded returns can make in your cash growth over a period of time. VMware shares have added 5.2% over the past four weeks, suggesting that investors are betting on its impressive estimate revisions.

Undervalued Stocks for the Fourth Quarter

Pat Gelsinger has an approval rating of 94% among the company’s employees. This puts Pat Gelsinger in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 28th 2023.

The Zacks Consensus Estimate for VMware has increased 14.07% over the last 30 days, as five estimates have gone higher compared to no negative revisions. VMware stock has recovered in November’s trading, but shares are still down 7.6% year to date. The company’s full-year earnings guidance indicates a slight decline, and there is concern about its revenue mix. Here are the top six cybersecurity ETFs to consider investing in.

  • The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.
  • 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.
  • Incredibly, FCF profit margins were up once again and dialed in at nearly 52% during the quarter.
  • They rarely distribute dividends to shareholders, opting for reinvestment in their businesses.

It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. This article was generated by Benzinga’s automated content engine and reviewed by an editor. Further details on the specifics of the equity option were not provided in the context. However, it’s clear that this development could have substantial implications for VMware investors as they consider their positions ahead of the merger’s completion on October 30. The merger is part of a wider trend in the technology sector, with major companies seeking to consolidate their positions through strategic acquisitions and mergers.

To see all exchange delays and terms of use please see Barchart’s disclaimer. The technique has proven to be very useful for finding positive surprises. There has been an encouraging trend in estimate revisions for the current year as well. Over the past month, five estimates have moved up for VMware versus no negative revisions. Reuters, https://1investing.in/ the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers.

LAS VEGAS–(BUSINESS WIRE)–Long-standing partners Stratodesk, pioneer of secure managed endpoints for modern workspaces, and VMware, a leading provider of multi-cloud services for all apps, enabling … Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. VMware is now valued at a market cap of nearly $71 billion as of this writing (the deal will be paid for in approximately half Broadcom stock, half cash). Based on this valuation, Broadcom is purchasing VMware for about 16 times free cash flow.

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