Vmware, Inc. (NYSE:VMW) is set to announce second quarter earning results on Thursday 27th August 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, VMW to report 2Q21 income of $ 1.45 per share.
For the full year, analysts anticipate top line of $ 11527.50 million, while looking forward to income of $ 6.10 per share bottom line.
The Company Outlook
Revenue for 2Q21 are expected in a range of $ 2,800.00 million ~ $ 2,800.00 million
Full Year 2021 topline are forecasted in a range of$ 12,050.00 million ~ $ 12,050.00 million, where as bottomline are predicted in a range of $ 6.55 ~ $ 6.55 per share
Click Here For More Historical Outlooks Of Vmware, Inc.
Previous Quarter Performance
Vmware, Inc. recorded income for the first quarter of $ 1.52 per share, from the revenue of $ 2,734.00 million. The quarterly earnings 15.15 percent while revenues elevated 21.94 percent compared with the same quarter last year.
According to street consensus, VMW was expected to report 1Q21 income of $ 1.20 per share from revenue of $ 2651.93 million. The bottom line results beat street analysts by $ 0.32 or 26.67 percent, at the same time, top line results outshined analysts by $ 82.07 million or 3.09 percent.
Stock Performance
Shares of Vmware, Inc. traded up $ 2.90 or 2.06 percent on Wednesday, reaching $ 143.59 with volume of 1.37 million shares. Vmware, Inc. has traded high as $ 144.09 and has cracked $ 142.13 on the downward trend
The closing price of $ 143.59, representing a 63.59 % increase from the 52 week low of $ 86.00 and a 18.85 % decrease over the 52 week high of $ 173.37.
The company has a market capital of $ 60.17 billion and is part of the Technology sector and Software – Infrastructure industry.
Conference Call
Vmware, Inc. will be hosting a conference call at 4:30 PM eastern time on 27th August 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/ocmn8tbh
VMware, Inc. provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces in the United States and internationally. The company offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.
