VMware (VMW) Wins When Market Falls: What You Should Know

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This story originally appeared on Zacks

In the last trading session, VMware (VMW) closed at $ 123.40, an increase of + 0.41% over the previous day. That move outpaced the S&P 500’s daily loss of 1.42%. At the same time, the Dow lost 0.49% and the tech-heavy Nasdaq lost 0.47%.

– Zacks

Today, the cloud computing company’s stocks were up 8.48% over the past month, outperforming the Computing & Technology sector’s 4.18% loss and 0.39% earnings for the S&P 500 during that period.

VMware will look to show strength as the next earnings release approaches. In this report, analysts expect VMware to post earnings of $ 1.97 per share. This would mean a decrease of 10.86% compared to the previous year. Our latest consensus estimate is for quarterly revenue of $ 3.52 billion, up 6.93% from the same period last year.

For the full year, our Zacks Consensus Estimates project earnings of $ 7.20 per share and sales of …

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