VMW Stock Recent News
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Does VMware (VMW) have what it takes to be a top stock pick for momentum investors? Let's find out.
VMware (VMW) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
VMware, Inc. (NYSE:VMW) stock is down 1.3% to trade at $164.04 at last check, as the tech sector struggles, though its 20-day moving average is containing this pullback.
VMware's (VMW) second-quarter fiscal 2024 results reflect strong top-line growth, driven by robust Subscription & SaaS.
The headline numbers for VMware (VMW) give insight into how the company performed in the quarter ended July 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
VMware (VMW) came out with quarterly earnings of $1.83 per share, beating the Zacks Consensus Estimate of $1.66 per share. This compares to earnings of $1.64 per share a year ago.
VMware Inc shares slid after hours Thursday despite a second-quarter earnings beat. The cloud computing company reported adjusted earnings of $1.83 per share on revenue of $3.41 billion, compared to analyst expectations of $1.71 per share on revenue of $3.46 billion.
Raghu Raghuram, VMware CEO, joins 'Closing Bell Overtime' to talk its expanded partnership with Nvidia, the AI boom, remote work and more.
Nvidia Corp. NVDA, -2.77% and VMWare Inc. VMW, +0.18% on Tuesday expanded their partnership to bring data-secure generative AI to more businesses. At VMWare's Explore event in Las Vegas, the multi-cloud platform and the chip maker announced the VMWare Private AI Foundation with Nvidia to offer business customers the ability to customize large-language models that use the customer's internal data to create private models for internal usage.
VMware (NYSE: VMW ) stock is getting a boost on Wednesday after Broadcom's (NASDAQ: AVGO ) plan to acquire the company passed a regulatory milestone. The big news here is Britain's Competition and Markets Authority saying the deal wouldn't harm competition or innovation in the U.K. With that statement, VMware is one step closer to being acquired by Broadcom.