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News Breaks
January 29, 2013
12:43 EDTVMWVMware plunges after weaker than expected revenue guidance
Last night, VMware (VMW) reported Q4 results that beat analysts’ estimates. However, it issued Q1 and FY13 revenue guidance that trailed expectations. Q1 revenue was forecast at $1.17B-$1.19B, versus consensus $1.25B, while FY13 revenue was seen by the company at $5.23B-$5.35B, well shy of the $5.42B estimate. 2013 license revenue was guided up 8%-11%. The company also announced a restructuring effort that included the elimination of 900 jobs and exiting certain lines of business. The effort is expected to be completed by the end of 2013, and the total charges from the plan were forecast at $90M-$100M, with the majority seen taken in Q1. Sentiment on the Street has been decidedly negative, with at least nine firms either downgrading the stock or lowering their target prices. However, analyst Shaul Eyal at research firm Oppenheimer came to the company’s defense, saying VMware trades only slightly higher than its competitors’ multiples and that it is leveraged to strong secular drivers. The firm said it would be a buyer on any weakness. In early afternoon trading, shares of VMware are down sharply, falling approximately 20% on significantly higher than average volume to $78.27.
News For VMW From The Last 14 Days
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April 22, 2015
08:19 EDTVMWVMware shares compelling at current levels, says Pacific Crest
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08:16 EDTVMWSeveral companies to benefit from hybrid cloud growth, says Pacific Crest
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07:57 EDTVMWVMware price target raised to $102 from $92 at Goldman
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April 21, 2015
19:06 EDTVMWOn The Fly: After Hours Movers
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17:45 EDTVMWVMware sees Q2 license revenue $630M-$640M
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17:41 EDTVMWVMware sees FY15 CapEx $400M, FY15 buybacks over $1B
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17:26 EDTVMWVMware sees FY15 EPS $3.94-$4.02, consensus $4.00
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17:24 EDTVMWVMware sees Q2 adjusted EPS 90c-92c, consensus 92c
Sees Q2 revenue $1.58B-$1.6B, consensus $1.6B. Sees Q2 adjusted operating margin 30.25%. Guidance from company's Q1 earnings conference call. :
17:21 EDTVMWVMware sees FY15 revenue $6.57B-$6.69B, consensus $6.69B
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16:14 EDTVMWVMware down 2.2% after reporting Q1 results
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16:04 EDTVMWVMware reports Q1 license revenue $576M
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16:01 EDTVMWVMware reports Q1 EPS 86c, consensus 84c
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15:28 EDTVMWNotable companies reporting after market close
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14:39 EDTVMWVMware technical notes ahead of results
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14:34 EDTVMWEarnings Watch: EMC to report after several downgrades
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08:41 EDTVMWOptions expected to be active
Options expected to be active: UA TEVA PRGO MYL UTX QCOM VMW HOG CMG IBM VZ
April 20, 2015
14:56 EDTVMWVMware volatility elevated into Q1 and revenue growth outlook
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April 16, 2015
10:00 EDTVMWOn The Fly: Analyst Upgrade Summary
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05:57 EDTVMWVMware upgraded to Buy from Hold at Summit Research
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April 15, 2015
08:09 EDTVMWGood Technology and VMware resolve patent litigation
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