VMware, Inc.(VMW)- NYSE
  • Fri, Aug. 19, 7:43 AM
    • The Chinese approval is about the last step needed to get the deal closed as Dell has already raised most of the necessary money for the $63B acquisition and received other regulator and shareholder approvals.
    • EMC +1.3% premarket; VMW flat
    | Fri, Aug. 19, 7:43 AM | 30 Comments
  • Tue, Jul. 19, 11:30 AM
    • VMware (VMW +9.2%) beat earnings expectations yesterday and is up solidly into late morning trading.
    • Strengthening balance sheet noted.
    • $1.2B stock repurchase plan announced last quarter reiterated.
    • License revenues of $644M, +1% improvement Y/Y.
    • GAAP net income of $265M vs. $172M Y/Y.
    • Non-GAAP net income $414M vs. $396M Y/Y.
    • GAAP and non-GAAP operating income of $323M (+57% Y/Y) and $509M (+6% Y/Y), respectively.
    • Operating and free cash flows of $577M and $539M, respectively.
    • Cash, cash equivalents and short-term investments of $8.67B.
    • Unearned revenue of $5.12B dated as of June 30.
    | Tue, Jul. 19, 11:30 AM
  • Tue, Jul. 19, 9:14 AM
    | Tue, Jul. 19, 9:14 AM
  • Mon, Jul. 18, 6:57 PM
    • VMware (NYSE:VMW) shares are rising in extended trading after beating expectations with a favorable Q2 earnings report.
    • EPS of $0.97 vs. $0.95 expected and revenue of $1.69B vs. $1.59B expected.
    • From VMware CEO Pat Gelsinger: "Q2 was a continuation of the good start to the year we experienced in Q1, both for results and against our strategic goal of building momentum for our newer growth businesses and in the cloud. Customers are turning to VMware to help them run, manage, secure and connect their applications across all clouds and all devices, with unparalleled connectivity, security and visibility."
    • Also having released earnings today, IBM (NYSE:IBM) heavily considers cloud services an area of growth that warrant increased focus. With VMware specializing in cloud computing and virtualization coupled with today's encouraging report, it seemingly appears the company is well positioned within this arena.
    | Mon, Jul. 18, 6:57 PM | 1 Comment
  • Mon, Jul. 18, 5:35 PM
    • Top gainers, as of 5.25 p.m.: VMW +9.9%. IBM +2.4%. XNY +2.4%. EMC +1.9%. BRO +1.8%.
    • Top losers, as of 5.25p.m.: NFLX -14.1%. RWLK -6.3%. SAVE -5.9%. SPU -3.6%. MT -2.4%.
    | Mon, Jul. 18, 5:35 PM | 7 Comments
  • Mon, Jul. 18, 4:16 PM
    • VMware (NYSE:VMW): Q2 EPS of $0.97 beats by $0.02.
    • Revenue of $1.69B (+5.6% Y/Y) beats by $10M.
    • Shares +3.9%.
    • Press Release
    | Mon, Jul. 18, 4:16 PM | 6 Comments
  • Wed, Apr. 20, 12:45 PM
    | Wed, Apr. 20, 12:45 PM | 5 Comments
  • Wed, Apr. 20, 9:15 AM
    | Wed, Apr. 20, 9:15 AM | 8 Comments
  • Tue, Apr. 19, 5:39 PM
    • Top gainers, as of 5.25 p.m.: VMW +7.8%. MANH +7.5%. DFS +4.1%. KKD +3.7%. IBKR +2.8%.
    • Top losers, as of 5.25p.m.: CAMP -8.0%. CC -2.4%. INTC -2.5%. AGCO -2.3%. ZG -2.2%.
    | Tue, Apr. 19, 5:39 PM | 3 Comments
  • Tue, Apr. 19, 4:30 PM
    • VMware (NYSE:VMW) has jumped 4.1% after growing revenue and beating expectations in its Q1 report, along with authorizing at $1.2B buyback.
    • License revenues dipped slightly but increased 1% when considered in constant currency.
    • Revenue breakout: License, $572M (down 0.7%); Services, $1.02B (up 8.8%).
    • "We continue to see momentum across our portfolio of growth products and businesses, including NSX, Virtual SAN and End-User Computing," says CEO Pat Gelsinger.
    • Operating cash flows were $720M; free cash flows were $679M. Cash and equivalents were $8.25B, and unearned revenues at $4.98B, as of quarter's end.
    • Conference call to come at 5 p.m ET.
    • Press Release
    • Now read Don't Believe Everything You Read About Cloud Adoption »
    | Tue, Apr. 19, 4:30 PM | 1 Comment
  • Wed, Jan. 27, 3:29 PM
    • "We have a binding, solid merger in place," said EMC (EMC -1.2%) CEO Joe Tucci on his company's Q4 earnings call, insisting Dell's acquisition of EMC will occur in spite of the decline seen in both EMC shares and the value of EMC's 80% VMware (VMW -9.3%) stake. "We are confident we’ll meet contractual terms. There are significant penalties in place both ways if this doesn’t happen ...  The banks have told us they can raise the money."
    • With all eyes on the Dell deal, EMC didn't bother providing formal guidance in its Q4 report. The company's core Information Infrastructure unit saw revenue drop 4% Y/Y in Q4 to $5.07B (-1% exc. forex), with Information Storage sales dropping 4% to $4.65B.
    • Exec David Goulden: "Customers are buying ‘just enough’ and ‘just in time’ for their traditional environments." Cloud storage adoption and the growth of upstarts such as Nutanix and Pure Storage have been weighing on sales.
    • VMware, meanwhile, has been downgraded to neutral ratings by Baird and Summit Research in response to its soft Q1/2016 guidance (was accompanied by a Q4 beat, a job cut announcement, and news of CFO/COO Jonathan Chadwick's departure). Summit's Srini Nandury: "While the billings will likely be better, we do not expect license revenue growth to return to mid-single digits until middle of next year."
    • Pac Crest's Rob Owens (Sector Weight rating): "Emerging businesses showed some bright spots, but the core compute business remains a large portion of the revenue mix, which sets up 2016 for declines in growth. Investor concerns also are likely to persist over the Dell acquisition and the issuance of a tracking stock. We wait for signs of stabilization before becoming more constructive on shares.”
    • Weak sales for VMware's core vSphere/ESXi server virtualization platform continue weighing: On its earnings call (transcript), VMware stated compute license bookings (server virtualization) fell by a low-double digit % Y/Y in Q4, and forecast declines will continue. Management license bookings, which include cloud management, the NSX SDN/network virtualization platform, and the vSAN storage virtualization platform, rose by a low-teens %.
    • End-user computing license bookings (PC virtualization/enterprise mobility) were a strong spot, rising over 20% Y/Y. The NSX annual bookings run-rate is now above $600M (up ~3x from a year ago), and the vSAN run-rate "well over" $100M.
    • EMC: Q4 results, earnings release. VMware: Q4 results, earnings release.
    | Wed, Jan. 27, 3:29 PM | 3 Comments
  • Wed, Jan. 27, 9:22 AM
    | Wed, Jan. 27, 9:22 AM | 3 Comments
  • Tue, Jan. 26, 5:51 PM
    • VMware (NYSE:VMW) has guided on its earnings call for 2016 revenue of $6.8B-$6.9B and EPS of $4.07-$4.16, below a consensus of $7.21B and $4.20. Q1 EPS guidance of $0.83-$0.85 is below a $0.92 consensus.
    • Initially up after hours in response to VMware's Q4 beat, shares have now fallen to $46.09, making new 52-week lows in the process. The results/guidance have been accompanied by news CFO/COO Jonathan Chadwick is leaving (he'll be replaced as CFO by EMC CFO Denis Cashman) and that the company is cutting 800 jobs (100 less than previously reported).
    • Parent EMC, whose shareholders are due to receive a VMware tracking stock as part of their Dell acquisition payout, is down 1.8% after hours to $23.86 ahead of tomorrow morning's Q4 report.
    | Tue, Jan. 26, 5:51 PM | 2 Comments
  • Tue, Jan. 26, 4:26 PM
    • VMware (NYSE:VMW) uses its Q4 report to state CFO/COO Jonathan Chadwick "has decided to leave VMware and expands his advisory roles, working with a number of companies as a non-executive board member."
    • He'll be replaced as CFO (but not COO) by EMC CFO Zane Rowe. EMC vet Denis Cashman is the storage giant's new CFO.
    • VMware is higher in response to its Q4 beat; license revenue rose 6% Y/Y, towards the high end of a 3%-7% guidance range. EMC is up 0.6% after hours. VMware typically provides guidance during its earnings call (starts at 5PM ET).
    • VMware's Q4 results, earnings release
    • Update: VMware has also confirmed its rumored job cuts. 800 positions will be eliminated, slightly less than the 900 previously reported. A $55M-$65M charge is expected. (8-K filing)
    | Tue, Jan. 26, 4:26 PM
  • Tue, Jan. 26, 4:17 PM
    • VMware (NYSE:VMW): Q4 EPS of $1.26 beats by $0.01.
    • Revenue of $1.87B (+10.0% Y/Y) beats by $20M.
    • Shares +3.5%.
    | Tue, Jan. 26, 4:17 PM
  • Tue, Jan. 19, 4:20 PM
    • Though the Nasdaq fell just 0.3%, a healthy number of beaten-up tech names tumbled to new 52-week lows today, often on strong volume. Margin calls, panic selling, and fund liquidations are on the list of potential culprits.
    • The casualty list once more includes action camera vendor GoPro (GPRO -7.8%) and video processor supplier Ambarella (AMBA -6.3%). It also features threat-prevention tech provider FireEye (FEYE -6.8%), virtualization software giant VMware (VMW -6%), and driver-assistance system provider Mobileye (MBLY -5.4%).
    • The list also features unified threat management appliance vendor Fortinet (FTNT -6.4%), microcontroller maker Cypress Semi (CY -6.1%), card-reader/payments provider Square (SQ -7.8%), security software/services provider Rapid7 (RPD -9.7%), and enterprise cloud-storage/file-sharing service provider Box (BOX -7.7%).
    • EMC (EMC -2.6%), still set to be acquired by Dell (with part of the payout consisting of a VMware tracking stock), felt the effects of VMware's selloff. Mobileye saw Citron Research take another shot via Twitter. "$MBLY CItron not making the $GPRO mistake, stock is still overvalued as a teenager. At $10 it is still an EXPENSIVE $1.8 bil company."
    • Square, meanwhile, is now less than 6% above its $9 IPO price, and 15% below a post-IPO opening trade of $11.20. Rapid7 is 11% below its $16 IPO price, and 47% below an opening trade of $26.75.
    • Also falling hard today: Solar stocks, Twitter
    | Tue, Jan. 19, 4:20 PM | 14 Comments
Company Description
VMware, Inc. provides the development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. Its virtualization infrastructure solutions, which include a suite of products designed to deliver a... More
Sector: Technology
Industry: Technical & System Software
Country: United States