VMware (NYSE: VMW) updated its earnings forecast for fiscal year 2022 on Wednesday. The company reported earnings per share (EPS) of $ 7.190 to $ 7.190 for the period, compared to Thomson Reuters’ consensus estimate of $ 6.940. The company issued a revenue forecast of $ 12.83 billion to $ 12.83 billion, compared to its consensus revenue estimate of $ 12.81 billion. VMware also updated its guidance for the fourth quarter of 2022 to $ 1,960-1,960 EPS.

Several equity research analysts recently released reports on the company. Morgan Stanley reissued a hold rating in a research release on Friday, October 8th, with a target price of $ 160.00 on VMware shares. Goldman Sachs Group cut its target price on VMware from $ 159.00 to $ 136.00 and gave the company a neutral rating in a research note on Wednesday. Stifel Nicolaus raised his target price for VMware from USD 175.00 to USD 185.00 and gave the share a buy rating in a research note on Friday, August 27th. Royal Bank of Canada lowered its target price on VMware from …


Source link

Leave a Reply