|Bid||134.64 x 200|
|Ask||134.79 x 300|
|Day's range||132.39 - 134.98|
|52-week range||81.26 - 134.98|
|PE ratio (TTM)||48.44|
|Earnings date||1 Mar 2018 - 5 Mar 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||133.34|
Today at the National Retail Federation’s (NRF) annual show, VMware, Inc. (NYSE:VMW), a global leader in cloud infrastructure and business mobility, highlighted several customers who have deployed VMware technology to modernize data centers, integrate public cloud solutions, empower the digital workspace and transform networking and security. VMware helps create a foundation of shared technologies to serve both digital and in-store needs to create a connected retail environment. With more than 50 percent of its website traffic now coming through a mobile device, the retailer said it wanted to have the infrastructure in place to help increase website uptime and improve the customer experience.
Earlier in this series, we looked at VMware’s (VMW) select technical indicators. Its 14-day RSI is 79, indicating that VMW stock is currently in an overbought territory. An RSI figure higher than 70 indicates that the stock has been overbought and may fall soon, while an RSI figure below 30 suggests that a stock has been oversold and might pick up in the near future.
With a market capitalization of $51.5 billion and $44.1 billion EV, VMware trades at a 11.6x EV-to-FCF (free cash flow) multiple on its estimated future cash flow.
VMware's focus on the hybrid cloud is expected to continue in 2018. It could focus on building a stable multi-cloud management platform.
VMware's vSAN was the largest HCI software vendor in the first half of 2017, based on the sales of HCI solutions running vSAN.
In late August 2016, VMware along with Pivotal Software teamed up with Google (GOOG) to promote Kubernetes to establish companies with their own data centers.
In November 2017, VMware released NSX-T 2.0 and added native support for microsegmentation and containers. It's expected to follow up with NSX 2.1 by February 2018.
Companies are increasingly being drawn to a multi-cloud strategy. Workloads and other factors are expected to be instrumental in their decision to choose private cloud or public cloud.
Jim Cramer examined the notion that investors are "bored" with the market rally and explained how the president is driving stocks higher.
Mergers and acquisitions among software companies are likely to rebound in 2018, analysts say, after a dry spell.
In 4Q18, the current fiscal quarter, VMware expects its licensing revenue, overall revenue, and non-GAAP EPS to be $1 billion, $2.3 billion, and $1.62, respectively.
The increased adoption of cloud has benefited VMware as more and more customers continue to license VMware's products and offerings.
Brad Reback, an analyst with Stifel Nicolaus, explained the factors that led his firm to raise the price target for VMware stock to $152 from $150.