[Update 01/12/2022] VMware share

At the current price of almost $120, VMware stock (NYSE:VMW) has more than 20% upside compared to Trefis’ Evaluation of VMware from $153. In its most recent results for the third quarter of fiscal 2022 (ended October 2021), the company beat consensus estimates for both revenue and valuation. Revenue for the third quarter was $3.19 billion, up 11% year over year. The subscription and SaaS segment drove growth with revenue increasing 21% year over year. Remaining performance obligations totaled $11.12 billion, up 9% year over year.

Overall we expect VMware revenue up 9.4% to $12.9…

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