Earnings

Mixed Reactions to Cambridge Investment Research Advisors’ Reduction and VMware’s Positive Quarterly Earnings

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Mixed Reactions to Cambridge Investment Research Advisors’ Reduction and VMware’s Positive Quarterly Earnings

Cambridge Investment Research Advisors Inc. recently reduced its position in VMware, Inc. (NYSE:VMW) by 15.6% during the first quarter of this year, as confirmed by its most recent disclosure with the Securities and Exchange Commission (SEC). The fund now holds 13,128 shares of the virtualization software provider’s stock after selling 2,430 shares during that period. … Read more

VMware (VMW) Q2 Earnings Beat Estimates, Revenues Rise Y/Y

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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

Broadcom Earnings: AI Is Driving Growth and VMware Looks Closer to Completion

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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)

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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

Earnings Flash (VMW) VMWARE Reports Q2 EPS $1.83, vs. Street Est of $1.72

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Earnings Flash (VMW) VMWARE Reports Q2 EPS .83, vs. Street Est of .72

VMware, Inc. is a provider of multi-cloud services for all apps that enables digital with enterprise control. Its multi-cloud portfolio, spanning application modernization, cloud management, cloud infrastructure, networking, security and anywhere workspaces, forms a digital foundation on which customers can build, run, manage, connect and protect their workloads. The Company’s products within its application modernization … Read more

VMware Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call – VMware (NYSE:VMW)

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VMware Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call – VMware (NYSE:VMW)

VMware, Inc. VMW is expected to report second-quarter results, after the closing bell on Aug. 31, 2023. Analysts expect the company to post quarterly earnings at $1.71 per share, up from year-ago earnings of $1.64 per share. The company’s revenue might come in at $3.46 billion, compared to $3.34 billion in the year-ago period. VMware … Read more

Dell And VMware Earnings Preview: Less Than Meets The AI? (NYSE:DELL)

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Dell And VMware Earnings Preview: Less Than Meets The AI? (NYSE:DELL)

da-kuk Introduction Dell Technologies Inc. (NYSE:DELL), the enterprise hardware giant, and VMware, Inc. (NYSE:VMW), the virtualization specialist, are certainly two interesting companies to consider in the context of capitalizing on the coming artificial intelligence (AI) boom. Compared to stocks like Nvidia Corp. (NVDA), trading at a TTM P/E of nearly 90, shares of DELL and … Read more