G0d4ather If the reaction to Broadcom’s (NASDAQ:AVGO) Q3 earnings report is any indication, many investors (and professional money managers) still don’t understand the company’s long-term strategy and its primary investment thesis. As a result, they appear to have been expecting a significant “AI boost” to Q3 results (and Q4) and, apparently, were disappointed when it … Read more
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 Inc shares slid after hours Thursday despite a second-quarter earnings beat. The cloud computing company reported adjusted earnings of $1.83 per… Source link
News Home Thursday, August 31, 2023 11:07 AM | InvestorsObserver Analysts Mentioned in this article … Source link
VMware (VMW Quick QuoteVMW – Free Report) is slated to release its second-quarter fiscal 2024 results on Aug 31. The Zacks Consensus Estimate for quarterly earnings has been unchanged over the past 30 days at $1.66 per share, suggesting 1.22% growth from the figure reported in the year-ago quarter. Further, the consensus mark for revenues … Read more
to an end and that it was poised for a strong recovery. However, with the impending acquisition by Broadcom, White believes that the stock’s upside potential may be limited in the near term. The acquisition deal between VMware and Broadcom has been in progress for quite some time and is now entering its final stages. … Read more
VMware stock price has been in a strong bullish rally since the start of March 2023, rising from the low of $109 and forming a high of $170. The stock price surged approximately 55.30% from the low. Recently, VMW faced strong rejection near the $170 level, and the bullish move was halted. The stock price … Read more
Federated Hermes Inc., an investment management company, recently acquired a new position in VMware, Inc. during the first quarter of this year. According to their Form 13F filing with the Securities & Exchange Commission (SEC), Federated Hermes Inc. purchased 1,970 shares of VMware’s stock, amounting to a total value of approximately $246,000. VMware is a … Read more