VMware reports ‘solid’ results as Broadcom deal looms
VMware’s management used couched words like “solid” and “pleased” to describe its second fiscal quarter operating results. Source link
VMware
Exploit released for critical VMware SSH auth bypass vulnerability
Proof-of-concept exploit code has been released for a critical SSH authentication bypass vulnerability in VMware’s Aria Operations for Networks analysis tool (formerly known as vRealize Network Insight). The flaw (tracked as CVE-2023-34039) was found by security analysts at ProjectDiscovery Research and patched by VMware on Wednesday with the release of version 6.11. Successful exploitation enables … Read more
Exploit Code For Critical VMware Bug Published
Days after VMware issued patches for a critical-severity vulnerability in its network monitoring tool, the company said that exploit code for the bug has now been published. The vulnerability (CVE-2023-34039) exists in VMware’s Aria Operations for Networks (formerly vRealize Network Insight) tool, which helps businesses monitor and analyze their networks and applications. According to VMware, … Read more
Nutanix partners with Cisco, looks to capitalize on VMware-Broadcom buzz
Nutanix forms a strategic partnership with Cisco, continues to compete with VMware and moves into AI support with its GPT-in-a-Box launch. Source link
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Wall Street was broadly flat in Thursday midday trading in New York, with the S&P 500 Index attempting to mark its fifth consecutive day of gains as an inline PCE inflation report dispelled expectations of an impending Fed rate hike. The core PCE price index, the Fed’s preferred inflation gauge, came in at 4.2% year … Read more
VMware (VMW) Q2 Earnings Beat Estimates, Revenues Rise Y/Y
VMware’s (VMW Quick QuoteVMW – Free Report) second-quarter fiscal 2024 non-GAAP earnings of $1.83 per share beat the Zacks Consensus Estimate of $1.66 and grew 11.6% year over year. Revenues of $3.41 billion surpassed the consensus mark by 0.58% and improved 2.2% on a year-over-year basis. Top-Line Details Region-wise, U.S. revenues (47.6% of revenues) decreased … Read more
VMware (VMW) Q2 Earnings Beat Estimates, Revenues Rise Y/Y
VMware’s VMW second-quarter fiscal 2024 non-GAAP earnings of $1.83 per share beat the Zacks Consensus Estimate of $1.66 and grew 11.6% year over year. Revenues of $3.41 billion surpassed the consensus mark by 0.58% and improved 2.2% on a year-over-year basis. Top-Line Details
Broadcom Earnings: AI Is Driving Growth and VMware Looks Closer to Completion
Broadcom Stock at a Glance Broadcom Earnings Update We have raised our fair value estimate for Broadcom AVGO to $815 per share from $790, as we raise our probability of the VMware VMW acquisition closing to 75%, from 50% previously. Our greatest concerns for the deal had been the U.K. and U.S. jurisdictions, and Broadcom … Read more
VMware Posts Mixed Q2 Earnings, On Track To Close Broadcom Deal Next Month – VMware (NYSE:VMW)
VMware Inc VMW reported a Q2 FY24 revenue increase of 2% Y/Y to $3.41 billion, missing the consensus of $3.46 billion. Subscription and SaaS revenue increased 34% Y/Y to $1.26 billion. Subscription and SaaS ARR were up 36% Y/Y to $5.31 billion. Non-GAAP operating income rose 1% Y/Y to $977 million. Non-GAAP EPS of $1.83 beat the consensus … Read more
Analyst Raises Price Target for VMware Above Average Range
On September 1, 2023, Keith Bachman, an analyst at BMO Capital, expressed his positive outlook for VMware by maintaining a Market Perform rating and increasing the price target to $160. This revised price target surpasses the existing average price target range of $139 to $182, as reported by analysts surveyed by Capital IQ. VMW (VMware … Read more