VMware, Inc. provides software in the areas of hybrid and multi-cloud, modern applications, networking, security, and digital workspaces in the United States and internationally. It offers VMware multi-cloud solutions, including VMware vSphere, a data center infrastructure that provides the fundamental compute layer and utilizes its hypervisor software, a layer of software that resides between the operating system and system hardware to enable compute virtualization; vSAN and VxRail, which offers holistic data storage and protection options to all applications running on vSphere; and vRealize Cloud Management solutions that manages hybrid and multi-cloud environments running in virtual machines and containers, as well as VMware Cloud Foundation, a hybrid cloud platform that combines its vSphere, vSAN, and NSX with vRealize Cloud Management into an integrated stack and delivers enterprise-ready cloud infrastructure for private and public clouds. The company also provides networking solutions, such as VMware NSX, VMware Service-defined Firewall, VMware SD-WAN, VMware SASE, VMware vRealize Network Insight, and VMware NSX Advanced Load Balancer; digital workspace solutions that comprise Workspace ONE Unified Endpoint Management, Access, and Horizon; and application modernization solutions, such as Tanzu Basic, standard, and advanced edition, Tanzu Application Service, and Tanzu Labs. In addition, it offers intrinsic security solutions consisting of VMware Carbon Black Cloud Endpoint and Workload. The company sells its products through distributors, resellers, system vendors, and systems integrators. VMware, Inc. has strategic alliances with Amazon Web Services to build and deliver an integrated hybrid solution. The company was incorporated in 1998 and is headquartered in Palo Alto, California. VMware, Inc. is a subsidiary of Dell Technologies Inc.
IPO Year: 2007
Exchange: NYSE
Website: vmware.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/28/2023 | Buy → Neutral | Monness Crespi & Hardt | |
| 2/25/2022 | $136.00 → $119.00 | Neutral | Goldman |
| 2/25/2022 | $160.00 → $135.00 | Buy | Stifel |
| 2/25/2022 | $147.00 → $138.00 | Equal-Weight | Morgan Stanley |
| 2/25/2022 | $160.00 → $115.00 | Overweight | JP Morgan |
| 2/25/2022 | $125.00 → $119.00 | Neutral | UBS |
| 2/25/2022 | $165.00 → $140.00 | Buy | Cross Research |
| 2/25/2022 | $135.00 → $130.00 | Market Perform | BMO Capital Markets |
| 2/25/2022 | $180.00 → $160.00 | Outperform | FBN Securities |
| 2/25/2022 | $175.00 → $170.00 | Outperform | Credit Suisse |
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Receives Final Regulatory Approval for Transaction Broadcom Inc. (NASDAQ:AVGO) and VMware, Inc. (NYSE:VMW) today announced that they have received all required regulatory approvals and intend to close Broadcom's acquisition of VMware on November 22, 2023. Broadcom has received legal merger clearance in Australia, Brazil, Canada, China, the European Union, Israel, Japan, South Africa, South Korea, Taiwan, the United Kingdom, and foreign investment control clearance in all necessary jurisdictions. There is no legal impediment to closing under U.S. merger regulations. About Broadcom Broadcom Inc. (NASDAQ:AVGO), a Delaware corporation headquartered in San Jose, CA, is a global technolog
Receives Final Regulatory Approval for Transaction SAN JOSE, Calif. and PALO ALTO, Calif., Nov. 21, 2023 /PRNewswire/ -- Broadcom Inc. (NASDAQ:AVGO) and VMware, Inc. (NYSE:VMW) today announced that they have received all required regulatory approvals and intend to close Broadcom's acquisition of VMware on November 22, 2023. Broadcom has received legal merger clearance in Australia, Brazil, Canada, China, the European Union, Israel, Japan, South Africa, South Korea, Taiwan, the United Kingdom, and foreign investment control clearance in all necessary jurisdictions. There is no legal impediment to closing under U.S. merger regulations. About Broadcom Broadcom Inc. (NASDAQ:AVGO), a Delaware c
Orange Business and VMware, Inc. (NYSE:VMW) are strengthening their partnership to deliver Flexible SD-WAN with VMware as the first fully embedded SD-WAN offering in Evolution Platform. The Orange Business Evolution Platform combines a secured digital infrastructure with an agile, cloud approach to order and manage services. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231108657292/en/Flexible SD-WAN with VMware addresses the needs of today's highly distributed, latency- sensitive workloads, applications, and devices at the edge. (Photo credit: Orange Business Services) Cloud has become the benchmark for customer experience. P
VMware Private AI with Intel will deliver the transformative power of Artificial Intelligence through superior privacy, security, performance, scale and TCO VMware Explore 2023 — VMware, Inc. (NYSE:VMW) today announced a collaboration with Intel to extend the companies' more than two decades of innovation to help customers accelerate the adoption of artificial intelligence (AI) and enable private AI everywhere – across data centers, public clouds, and edge environments. VMware and Intel are working to deliver a jointly validated AI stack that will enable customers to use their existing general-purpose VMware and Intel infrastructure and open source software to simplify building and deploy
Enterprises will be able to deploy and operationalize Google Cloud's AlloyDB Omni on VMware Cloud Foundation VMware Explore 2023 – Today, VMware, Inc. (NYSE:VMW) and Google Cloud (NASDAQ:GOOG) announced an expanded partnership to deliver Google Cloud's AlloyDB Omni database on VMware Cloud Foundation, starting with on-premises private clouds. The powerful combination of AlloyDB Omni, a PostgreSQL-compatible database that runs anywhere and offers built-in support for generative AI, and the highly performant, more secure, reliable VMware Cloud Foundation, will enable enterprises to modernize their more demanding databases and applications. The solution will allow customers to simplify their
VMware Cloud empowers customers to modernize, optimize and better protect apps, infrastructure and operations at every stage of their cloud transformation journey VMware Explore 2023 — Today, VMware, Inc. (NYSE:VMW) announced the next generation of VMware Data Services Manager, designed to support today's data-driven innovation by making data services as easy to consume as what VMware has achieved for virtualized compute, storage, and networking. VMware Data Services Manager will deliver best-in-class management for a wide range of data services, not just databases, as a natively integrated experience for VMware Cloud Foundation customers, serving the needs of IT admins, data teams, and d
New capabilities, global expansion, and ecosystem solutions help VMware Sovereign Cloud partners empower customers with more agility, better resiliency and faster innovation VMware Explore 2023 — VMware, Inc. (NYSE:VMW) today announced new innovations and technology partnerships that will help accelerate sovereign digital innovation and enhance security for customers around the world. Today, more than 50 VMware Sovereign Cloud providers in 33 countries are part of a powerful, interconnected, and diverse ecosystem that supports customers' sovereign cloud requirements. Together, VMware and VMware Sovereign Cloud partners are helping organizations unlock the innovative power of their data wh
New VMware Tanzu platform enhancements and Spring with Spring AI, Spring Boot 3.2, and Data Services to fuel next generation of modern apps VMware Explore 2023—VMware, Inc. (NYSE:VMW) today announced new updates to Spring, the leading Java development framework, plus enhancements across VMware Tanzu Platforms, VMware Tanzu Data Services, and VMware Tanzu Intelligence Services that will help teams develop, operate, and optimize higher-performing applications more quickly, cost-effectively, and securely. Software development teams are at the forefront of business innovation, building modern applications that drive market share growth and revenue. However, the ability to quickly deliver ap
Intelligent Assist, Increased Telemetry and Workflow Automation to Ease Connecting, Securing, and Managing Workloads for Enterprise and Telco Edges New Integrations with Microsoft and Symantec to Help Customers Simplify, Better Secure and Modernize their Edge Environments VMware Explore 2023—VMware, Inc. (NYSE:VMW) today announced new solutions and expanded partnerships to help customers accelerate their digital transformation at the edge. Building upon the recently introduced VMware Software-Defined Edge, these innovations and new integrations will help customers to simplify, better secure, and modernize their edge environments, and include: New VMware Edge Cloud Orchestrator teleme
Scaling automation across unified endpoint management and security (UEM+S) enhances autonomous workspaces VMware Explore 2023 — Streamlining IT processes is not just a cost-saving strategy – it's a necessity for organizations to remain competitive, secure, and adaptable in today's hybrid work landscape. Today, VMware, Inc. (NYSE:VMW) announced advanced automation capabilities and expanded third-party integrations delivered through the Anywhere Workspace platform that provide organizations with the tools needed to simplify IT workflows, enhance security, and improve overall efficiencies. "Implementing automation capabilities across all aspects of IT workflows is essential for creating a
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Broadcom Inc (NASDAQ:AVGO) shares were climbing in trading on Monday, just days after JPMorgan analyst Harlan Sur named the company as the top AI semiconductor supplier behind NVIDIA Corp (NASDAQ:NVDA). The company is likely to report a modest beat when it releases its fiscal second-quarter results on June 12, according to BofA Securities. The Broadcom Analyst: Vivek Arya maintained a Buy rating and price target of $1,680 on the stock. The Broadcom Thesis: The company is likely to reiterate its fiscal 2024 sales outlook of around $50 billion, with strength in AI offsetting headwinds in the legacy segment, Arya said in the note. Check out other analyst stock ratings. On the pre
The U.K. Competition and Markets Authority (CMA) has provisionally concluded that Adobe Inc's (NASDAQ:ADBE) proposed $20 billion acquisition of Figma could harm innovation in software used by U.K. digital designers. Also Read: EU's Antitrust Warning Looms Over Adobe's $20B Figma Takeover Bid: Report The CMA's detailed Phase 2 investigation suggests the deal might reduce competition in product-design software, stifle innovation, and eliminate Figma as a competitive threat to Adobe's major products like Photoshop and Illustrator. Adobe expressed disappointment and disagreement with the CMA's findings, emphasizing the deal's potential value for customers, the Wall Street Journal reports.
Broadcom Inc. (NASDAQ:AVGO) shares traded lower on Monday. The stock has pulled back from recent strength over the past week. What To Know: Broadcom stock has trended higher over the month of November. Tailwinds which boosted the stock early in the month included overall tech strength, AI optimism and strong financial results from TSMC, Qualcomm, and Navitas. Shares were propelled further in mid-November by overall market strength following softer-than-expected October inflation data. However, the stock began to pull back from its strength last week. On Nov. 22, the company announced that it completed its acquisition of VMware Inc (NYSE:VMW). Broadcom stock has continued to pull back int
https://www.businessinsider.com/broadcom-vmware-layoffs-employees-face-job-cuts-acquisition-2023-11?r=US&IR=T#:~:text=Broadcom%20first%20announced%20in%20May,receiving%20regulatory%20clearance%20from%20ChinaMany VMware employees learned Monday their positions would be eliminated.Broadcom announced it closed its $69 billion acquisition of VMware on November 22.VMware had already started cutting jobs prior to the deal closing.Many VMware employees learned Monday that their positions will be eliminated following Broadcom closing its acquisition of the company.Broadcom first announced in May 2022 that it would acquire VMware for $61 billion and assume $8 billion of its net debt. It announced tha
China has finally approved Broadcom‘s (NASDAQ:AVGO) acquisition of VMware (NYSE:VMW), enabling the $61 billion acquisition to close. The stock has been surging for the past year, up about 85%. Over the past month alone, the stock is up 17% and has created a new 52-week high of ~$1000 as it touched $999.87 on Nov. 20. Broadcom is due to report its fourth-quarter (Q4) earnings on Dec. 7 after market close. Investors and analysts would be keenly looking forward to CEO Hock Tan and CFO Kirsten Spears‘ commentary on the VMware acquisition. The company’s outlook, growth estimates, and future plans would be in focus. Also Read: Broadcom To Rally More Than 23%? Here Are 10 Top Analyst Forec
VMware Inc Cl A Com (NYSE:VMW) has outperformed the market over the past 15 years by 2.86% on an annualized basis producing an average annual return of 14.26%. Currently, VMware Inc Cl A Com has a market capitalization of $61.75 billion. Buying $100 In VMW: If an investor had bought $100 of VMW stock 15 years ago, it would be worth $739.02 today based on a price of $143.00 for VMW at the time of writing. VMware Inc Cl A Com's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's autom
The merger between U.S. chipmaker Broadcom Inc (NASDAQ:AVGO) and cloud software company VMware, Inc (NYSE:VMW) won every regulatory approval required to close the merger deal. The stocks traded lower after China's State Administration of Market Regulation approved the deal. The companies look to close the deal on November 22, 2023. Broadcom bagged legal merger clearance in Australia, Brazil, Canada, China, the European Union, Israel, Japan, South Africa, South Korea, Taiwan, and the U.K., and foreign investment control clearance in all necessary jurisdictions. Previous reports indicated Beijing's intentions to hold up the deal due to the U.S.'s advanced artificial intelligence technolo
Gainers UTime (NASDAQ:WTO) shares moved upwards by 17.1% to $0.3 during Tuesday's pre-market session. The company's market cap stands at $4.0 million. Frequency Electronics (NASDAQ:FEIM) stock moved upwards by 8.69% to $9.0. The company's market cap stands at $84.5 million. Rubicon Technologies (NYSE:RBT) stock increased by 7.27% to $2.95. The market value of their outstanding shares is at $110.3 million. Ondas Holdings (NASDAQ:ONDS) stock increased by 6.19% to $1.2. The company's market cap stands at $69.9 million. WiSA Technologies (NASDAQ:WISA) stock moved upwards by 5.09% to $0.14. Boxlight (NASDAQ:BOXL) stock moved upwards by 4.76% to $1.1. The company's market cap stands at $10.5
Monness Crespi & Hardt downgraded VMware from Buy to Neutral
Goldman reiterated coverage of VMware with a rating of Neutral and set a new price target of $119.00 from $136.00 previously
Stifel reiterated coverage of VMware with a rating of Buy and set a new price target of $135.00 from $160.00 previously
Morgan Stanley reiterated coverage of VMware with a rating of Equal-Weight and set a new price target of $138.00 from $147.00 previously
JP Morgan reiterated coverage of VMware with a rating of Overweight and set a new price target of $115.00 from $160.00 previously
UBS reiterated coverage of VMware with a rating of Neutral and set a new price target of $119.00 from $125.00 previously
Cross Research reiterated coverage of VMware with a rating of Buy and set a new price target of $140.00 from $165.00 previously
BMO Capital Markets reiterated coverage of VMware with a rating of Market Perform and set a new price target of $130.00 from $135.00 previously
FBN Securities reiterated coverage of VMware with a rating of Outperform and set a new price target of $160.00 from $180.00 previously
Credit Suisse reiterated coverage of VMware with a rating of Outperform and set a new price target of $170.00 from $175.00 previously
DENVER -- Wednesday, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Hotel Engine, the leading trip management platform, today announced the appointment of Patrick Morley, former chief executive officer of Carbon Black, to its board of directors. Morley joins the board at a pivotal time in Hotel Engine's rapid growth trajectory, with its revenue growth approaching 100% year-over-year. The company currently serves more than 40,000 businesses and 700,000 business travelers across the globe. "As Hotel Engine executes on its aggressive growth plans, it's critical we have the right team of strategic advisors in place to scale our business," said Elia Wallen, founder and CEO of Hotel Engine. "We are incredi
Company Appoints Laura Heisman as Chief Marketing Officer and Sylvain Cazard to General Manager, Asia Pacific and Japan Company Also Recently Appointed John Sabino as Chief Customer Experience Officer and Zia Yusuf as SVP of Strategic Ecosystems and Industry Solutions VMware, Inc. (NYSE:VMW), a leading innovator in enterprise software, today announced the appointment of two executives to the company's Go-To-Market Leadership team. Laura Heisman has joined the company as chief marketing officer, and Sylvain Cazard will lead the Asia Pacific and Japan (APJ) region as general manager. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/2
Go-to-market executive brings deep experience building fast-growing businesses at industry leaders including VMWare, Bracket Computing, and Cisco Software intelligence company Dynatrace (NYSE:DT), today announced the appointment of Ambika Kapur to its board of directors. Ms. Kapur, an experienced go-to-market executive, has served in senior roles at leading technology companies, including VMWare, Bracket Computing, and Cisco. "I am delighted to welcome Ambika to Dynatrace," said Rick McConnell, Dynatrace CEO. "Her experience directing product innovation from inception through market leadership will enable us to further scale our business to help the world's leading organizations tame clou
Colbert will shape the technology vision for the company and drive foundational technologies for the company's next stage of growth VMware, Inc. (NYSE:VMW), a leading innovator in enterprise software, today announced that Kit Colbert has been named VMware's next Chief Technology Officer (CTO). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210908005489/en/Kit Colbert, Chief Technology Officer, VMware (Photo: Business Wire) Colbert joined VMware in 2003 as the technical lead behind the creation, development and delivery of the vMotion and Storage vMotion features in VMware vSphere. Throughout his tenure at VMware, he served in mu
WALTHAM, Mass.--(BUSINESS WIRE)--Software intelligence company, Dynatrace (NYSE: DT), today announced it has appointed non-executive, independent board member Jill Ward as chair. Ms. Ward, an experienced board member, business leader, and operating executive, has been a member of the Dynatrace Board of Directors since September 2019. As chair, Ms. Ward will continue to advise Dynatrace on its next phase of growth. “Since joining the Dynatrace board nearly a year and a half ago, Jill has been a tremendous asset to me and my leadership team as well as to the entire board. We are honored to have her serve as our new chair,” said John Van Siclen, CEO of Dynatrace. “As we continue to
PALO ALTO, Calif.--(BUSINESS WIRE)--VMware, Inc. (NYSE: VMW), a leading innovator in enterprise software, today announced that its Board of Directors has initiated a search for a new chief executive officer (CEO) following a decision by Pat Gelsinger to step down from the position, effective February 12, 2021, to lead Intel as its new CEO. Gelsinger previously spent 30 years at Intel serving in various leadership roles, including chief technology officer. Zane Rowe, VMware’s chief financial officer, has been appointed Interim CEO. Gelsinger will continue to serve on the VMware Board of Directors. “I speak for the VMware Board of Directors, executive management and employees in expr
FY23 Total Revenue of $13.35 billion FY23 Subscription and SaaS Revenue of $4.01 billion, an increase of 25% year-over-year VMware, Inc. (NYSE:VMW), a leading innovator in enterprise software, today announced financial results for the fourth quarter and full fiscal year 2023. The company's fourth quarter of fiscal year 2023 was a 14-week fiscal quarter, while the fourth quarter of fiscal year 2022 was a 13-week fiscal quarter.1 Quarterly Review Revenue for the fourth quarter was $3.71 billion, an increase of 5% from the fourth quarter of fiscal 2022. The combination of subscription and SaaS and license revenue was $2.03 billion, an increase of 7% from the fourth quarter of fiscal 202
Total Revenue growth of 3% year-over-year Subscription and SaaS Revenue of $899 million, an increase of 21% year-over-year VMware Enters into Definitive Agreement to be Acquired by Broadcom VMware, Inc. (NYSE:VMW), a leading innovator in enterprise software, today announced financial results for the first quarter of fiscal year 2023: Quarterly Review Revenue for the first quarter of fiscal 2023 was $3.09 billion, an increase of 3% from the first quarter of fiscal 2022. Continued momentum in the subscription and SaaS business, constituting 29% of total revenue for the quarter. While license revenue was impacted by the transition to subscription and SaaS, the combination of subscri
Advances Broadcom's strategy to build the world's leading infrastructure technology company, with track record of acquiring established, mission-critical platforms Brings together two engineering-first, innovation-centric cultures Broadcom Software Group to rebrand and operate as VMware The new VMware, as part of Broadcom, to offer enterprise customers greater choice and flexibility to address the most complex IT infrastructure challenges Accelerates software scale and growth opportunities for Broadcom, with pro forma revenue of more than $40 billion, including 49% software revenue Broadcom to target adding approximately $8.5 billion of pro forma EBITDA from the acquisition within three ye
VMware, Inc. (NYSE:VMW), a leading innovator in enterprise software, plans to announce fiscal year 2023 first quarter financial results after market close on Thursday, May 26, 2022. The company will host a conference call at 1:30 p.m. PT/ 4:30 p.m. ET that day to review financial results and business outlook. A live web broadcast of the event will be available on the VMware Investor Relations website at http://ir.vmware.com. The replay of the webcast will be available for two months. About VMware VMware is a leading provider of multi-cloud services for all apps, enabling digital innovation with enterprise control. As a trusted foundation to accelerate innovation, VMware software gives bus
FY22 total revenue of $12.85 billion; growth of 9% year-over-year FY22 Subscription and SaaS revenue of $3.20 billion, an increase of 24% year-over-year VMware, Inc. (NYSE:VMW), a leading innovator in enterprise software, today announced financial results for the fourth quarter and full fiscal year 2022: Quarterly Review Revenue for the fourth quarter was $3.53 billion, an increase of 7% from the fourth quarter of fiscal 2021. The combination of subscription and SaaS and license revenue was $1.90 billion, an increase of 11% from the fourth quarter of fiscal 2021. Subscription and SaaS revenue for the fourth quarter was $868 million, an increase of 23% year-over-year. GAAP net inc
VMware, Inc. (NYSE:VMW), a leading innovator in enterprise software, plans to announce fourth quarter and fiscal year 2022 financial results after market close on Thursday, February 24, 2022. The company will host a conference call at 1:30 p.m. PT/ 4:30 p.m. ET that day to review financial results and business outlook. A live web broadcast of the event will be available on the VMware Investor Relations website at http://ir.vmware.com. The replay of the webcast will be available for two months. About VMware VMware is a leading provider of multi-cloud services for all apps, enabling digital innovation with enterprise control. As a trusted foundation to accelerate innovation, VMware software
Total Revenue growth of 11% year-over-year Subscription and SaaS ARR for the third quarter was $3.31 billion, an increase of 25% year-over-year VMware, Inc. (NYSE:VMW), a leading innovator in enterprise software, today announced financial results for the third quarter of fiscal year 2022: Revenue for the third quarter was $3.19 billion, an increase of 11% from the third quarter of fiscal 2021. The combination of subscription and SaaS and license revenue was $1.53 billion, an increase of 16% from the third quarter of fiscal 2021. Subscription and SaaS revenue for the third quarter was $820 million, an increase of 21% year-over-year. Subscription and SaaS ARR for the third quarte
VMware, Inc. (NYSE:VMW), a leading innovator in enterprise software, plans to announce fiscal year 2022 third quarter financial results after market close on Tuesday, November 23, 2021. The company will host a conference call at 1:30 p.m. PT/ 4:30 p.m. ET that day to review financial results and business outlook. A live web broadcast of the event will be available on the VMware Investor Relations website at http://ir.vmware.com. The replay of the webcast will be available for two months. About VMware VMware is a leading provider of multi-cloud services for all apps, enabling digital innovation with enterprise control. As a trusted foundation to accelerate innovation, VMware software gives
VMware Gains Operational and Financial Flexibility while Maintaining Strategic Partnership with Dell Technologies Company Poised to Lead in Multi-Cloud Services for All Apps, Enabling Digital Innovation with Enterprise Control VMware (NYSE:VMW) and Dell Technologies today announced the completion of the spin-off of VMware from Dell Technologies. The spin-off from Dell Technologies provides VMware increased freedom to execute its multi-cloud strategy, a simplified capital structure and governance model, and additional operational and financial flexibility. The terms of the spin-off included an $11.5 billion special cash dividend (the "Special Dividend") that resulted in a $27.40 per share
Collaboration to Extend Corporate Network Performance and Security Capabilities to the Home Office Today VMware, Inc. (NYSE:VMW) announced it will collaborate with eero, an Amazon company, on work-from-home capabilities that will boost remote network connectivity while extending critical security services to devices connecting to an at-home corporate network. Designed for work-from-home employees in the U.S. and delivered by strategic channel partners, the collaboration is designed to pair eero 6 series mesh Wi-Fi systems with VMware SASE Work from Home solution. In addition, as part of this agreement, VMware is announcing eero is a preferred Wi-Fi provider. This press release features mul