|Day's range||20.50 - 20.50|
Broadcom's (NASDAQ: AVGO) stock has surged 45% since the beginning of the year. The diversified chip and infrastructure software company impressed the market with its stable growth, a new multiyear deal with Apple (NASDAQ: AAPL), and the potential benefits from its planned takeover of cloud software giant VMware (NYSE: VMW). Let's review Broadcom's business model, growth rates, and valuations to decide.
VMware's (VMW) first-quarter fiscal 2024 results reflect top-line growth, driven by strength in demand for the company's multi-cloud offerings.
Investing.com -- VMware, Inc. (NYSE:VMW) posted lower-than-anticipated revenue in the first quarter, as the cloud computing group saw strength at its subscription and software-as-a-service (SaaS) offerings partially offset by a drop in licensing demand.
VMware (VMW) delivered earnings and revenue surprises of -5.10% and 0.96%, respectively, for the quarter ended April 2023. Do the numbers hold clues to what lies ahead for the stock?
PALO ALTO, Calif., June 01, 2023--VMware, Inc. (NYSE: VMW) announces financial results for the first quarter of fiscal year 2024.
VMware's (VMW) first-quarter fiscal 2024 performance is likely to have witnessed the benefits of a strong portfolio and an expanding partner base.
PALO ALTO, Calif., May 25, 2023--VMware (NYSE: VMW), a leading innovator in enterprise software, today announced that Karen Dykstra will take on the role as chief financial officer and executive vice president in addition to her current role as a member of the VMware Board of Directors. Current VMware CFO and EVP Zane Rowe will be leaving the company, effective June 9, 2023.
The data suggest Broadcom stock is still worth buying. But investors should take note of two recent events.
(Bloomberg) -- VMware Inc. has agreed to extend the deadline for its takeover by Broadcom Inc. as the $61 billion deal faces regulatory scrutiny. Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksLula Lashes Out and Sends Warning to Central Bankers EverywhereWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutRussian Wagner Chief Blasts Outcome of Putin’s Ukraine War GoalsWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofThe compani
U.S. chipmaker Broadcom has offered interoperability remedies in an effort to address European Union antitrust concerns over its $61 billion VMware bid, people familiar with the matter said. Broadcom submitted its proposal on Tuesday, a European Commission filing showed. Broadcom may restrict competition in some hardware components which interoperate with VMware's virtualisation software, the Commission warned the company last month as it laid out its concerns.
U.S. chipmaker Broadcom's Chief Executive Hock Tan on Friday will try to convince EU antitrust enforcers that his proposed $61 billion bid for cloud computing firm VMware, which has triggered scrutiny on both sides of the Atlantic, is pro-competitive. Tan, flanked by his executives and lawyers, arrived early Friday morning in Brussels for a closed hearing on one of the biggest tie-ups in the history of the technology sector. Tan will present his arguments to senior European Commission officials, including its deputy director general for mergers Guillaume Loriot, and their counterparts from national competition agencies as well as lawyers from the EU executive.
VMware (VMW) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
VMware Inc must pay $84.5 million for infringing two patents belonging to rival software company Densify, a Delaware federal jury said on Monday. The verdict, made public Tuesday, said VMware willfully violated Densify's patent rights with its software for optimizing "virtual machines" used in cloud computing. A VMware spokesperson declined to comment on the verdict, citing active litigation.
Broadcom (NASDAQ: AVGO) is often considered a safe blue chip tech stock for conservative income investors. It produces a wide range of chips for the data center, networking, broadband, wireless, storage, and industrial markets, and it also sells infrastructure software through its CA Technologies and Symantec subsidiaries. Its revenue has grown at a compound annual growth rate (CAGR) of 13% between fiscal 2017 and fiscal 2022 (which ended last October), as its adjusted earnings per share (EPS) rose at a CAGR of 19%.
PALO ALTO, Calif., April 24, 2023--VMware, Inc., (NYSE:VMW) today announced new capabilities that deliver strong lateral security across multi-cloud environments so customers can better see and stop more threats. VMware Contexa, a threat intelligence cloud powering VMware’s suite of security solutions, finds that cybercriminals make only 2-3 lateral moves to reach their target. 1 Preventing lateral movement requires an end-to-end view across users, devices, networks, apps, and data.
PALO ALTO, Calif., April 18, 2023--VMware, Inc. (NYSE: VMW) today announced VMware Cross-Cloud managed services, a set of prescriptive offers with enhanced partner and customer benefits that will enable highly skilled partners to expand their managed services practices. Building on VMware’s success in creating an ecosystem of more than 4,000 cloud service providers that serve tens of thousands of customers worldwide, VMware Cross-Cloud managed services will make building managed services faster
BRUSSELS (Reuters) -The European Commission on Wednesday said U.S. chipmaker Broadcom's proposed $61 billion takeover of cloud computing company VMware could restrict competition in the market for certain hardware components. The Commission said it had informed Broadcom of its objection that the deal could restrict competition in the global markets for the supply of so-called fibre channel host bus adapters (FC HBAs) and storage adapters, by limiting access for competitors' hardware to VMware's software. Broadcom said it remained confident that regulators will eventually conclude that the takeover does not present any competition issues, and said it expected to close the deal "in fiscal year 2023".
PALO ALTO, Calif., April 10, 2023--VMware, Inc. (NYSE:VMW), a leading innovator in enterprise software, today announced the worldwide and regional winners of the 2023 VMware Partner Achievement Awards. This year’s worldwide winners are Hewlett Packard Enterprise (HPE), Wipro Limited, and Atos. VMware is recognizing more than 30 ecosystem partners for their performance and impact over the past year in delivering demonstrable customer outcomes and societal impact.
While low-beta tech stocks may not experience the same rapid growth as higher-beta technology stocks, they can provide steady, long-term growth potential due to their stability.
PALO ALTO, Calif., April 04, 2023--Today’s businesses must prioritize software agility to enable resilience amidst turbulent macroeconomic times. But adoption at scale is challenging given the different clouds, tools, methodologies, and skills needed to successfully accelerate and mature application delivery. As cloud native concepts and adoption grows, it’s essential to invest in capabilities that accelerate developer productivity, drive revenue, and stay competitive. VMware, Inc. (NYSE: VMW) t
After suffering painful declines in 2022, many tech stocks surged higher beginning late last year and into the first quarter of 2023. The company first became known as a business-to-business chip provider, collaborating with large clients to meet their needs. In 2018, it also began to diversify into enterprise software, and its proposed acquisition to buy VMware for $61 billion would dramatically enlarge that segment.
Britain's Competition and Markets Authority said earlier this month that Broadcom's acquisition of the cloud computing and virtualisation company could drive up the cost of computer parts and software for servers. It said on Wednesday that Broadcom had declined to offer any undertakings in the five-day period after it published its concerns, and it would therefore proceed to an in-depth inquiry, which can take up to six months.
By Scott Kanowsky
These three businesses are on a roll as of late, and their momentum could send them into rare-air territory in terms of market capitalization.
PALO ALTO, Calif., March 24, 2023--VMware, Inc. (NYSE: VMW) today received the Customers’ Choice distinction in the Gartner report for its SD-WAN infrastructure. The recognition is based on feedback and reviews from customers in Gartner® Peer Insights™ during an 18-month period that ran through the end of 2022.