New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

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
Sign up for a free trial to see the rest of the stories you've been missing.
August 26, 2015
16:26 EDTVMWOn The Fly: Top stock stories for Wednesday
Subscribe for More Information
16:12 EDTVMWVMware names Ray O'Farrell Chief Technology and Development Officer
Subscribe for More Information
15:27 EDTVMWVMware falls after report EMC board weighing downstream merger proposal
Subscribe for More Information
12:47 EDTVMWOn The Fly: Top stock stories at midday
Subscribe for More Information
12:08 EDTVMWEMC Federation departures suggest changes coming, says Raymond James
Subscribe for More Information
11:50 EDTVMWEMC-VMware report shows board knows status quo 'not an option,' says Wells Fargo
After Re/code's Arik Hesseldahl reported that EMC's (EMC) board is "actively considering" a downstream merger proposal under which it would be acquired by VMware (VMW), Wells Fargo analyst Maynard Um said he views the most important takeaway to be that the board views maintaining the status quo as "not an option" amid the rapid shift in the industry. Um thinks an EMC buy-in of VMware, which the report contends is the preferred option of EMC CEO Joe Tucci, presents a cleaner path with less variables but says that in either case it "seems clear that something will happen," which he views as a positive.
08:23 EDTVMWEMC board 'considering' VMware downstream merger proposal, Re/code reports
Subscribe for More Information
August 25, 2015
08:35 EDTVMWExtreme Networks joins VMware NSX partner ecosystem
Subscribe for More Information
August 20, 2015
14:39 EDTVMWEarnings Watch: Hewlett-Packard reports ahead of company split
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use