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NYSE:VMW

VMware Inc. (VMW)

142.48
-0.00 (0.00%)
as of Nov 21, 2023, 12:00:00 am Market Open.
29 watching
0
BUY ON WEAKNESS

They delivered a good quarter. So did Zoom. Note that is has jumped 19% in the past month, so it could a little for a bit.

BUY
Bought this earlier this year. Earnings are coming. Wants to hear what they say about how much companies are switching to cloud computing and how many are staying in hybrid work.
PAST TOP PICK
(A Top Pick May 06/21, Down 21%) He profited on a trade out. Software solutions in cloud management and infrastructure. 12-month target of $148.
BUY
Are moving from core server more to a subscription-based service. Hybrid work is here to stay.
PAST TOP PICK
(A Top Pick May 06/21, Down 16%) Luckily, he sold it earlier at $175 after the spin-off. They used to be part of Dell then spun out. VM is in software solutions and cloud managing. The software is agnostic. He targets $175. At $108 now, you can buy it, stopping at $92-93. Has a decent runway ahead.
TOP PICK

Cloud and network solutions, and visualizations. Mostly owned by Dell, but will be spun off this year. Consistent earnings growth. Driven by reopening of data centres and inclusion in various indices. By in thirds here at $160-161, 145, and, if you're lucky, down at 130. No dividend. (Analysts’ price target is $172.43)

COMMENT
Could catch it up the rest of the cloud stocks which rallied big last year. VMW is the leader in virtualization software, which makes cloud computing possible. This fell 7%. It's still on track to beat its full-year forecast, guidance which was issued pre-Covid. It's a value stock trading under 20x earnings. Will its parent company, Dell (which he likes) spin off VMware, which investors want? It's down 10% in the past year.
BUY

The leading maker of virtualization software which makes the cloud possible by allowing you to run several multiple virtual machines on a single physical server. VMW also has a strong cloud onboarding business. That said, VMW is still below pre-Covid levels. Investors are worried what parent-owner Dell will do with VMW. They reported an excellent quarter in late-August and recently unveiled a multi-cloud strategy, announced new partnerships with Nvidia and an acquisition.

TOP PICK

Private clouds will take off. If they do then this is in an incredibly good position because they own it.

BUY

Virtualization which allows you to access your computer remotely. They reduce the number of servers that a company needs, which is very important. Has had a very good track record of surprising on the upside. A bit weak right now but most stocks in tech are weak. It’s the sector that is really the problem for tech right now. Great growth and strong management.

COMMENT
Virtual technology primarily in the IT space. Microsoft (MSFT-Q) is coming out with their version this fall. This space will get a lot more competitive.
SELL
Virtualization making your hardware look like whatever you need to serve your organization. A much more efficient way to deploy your IT assets. Prefers Citrix (CTXS-Q) valuation. Overvalued.
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VMware Inc. (VMW) Frequently Asked Questions

What is VMware Inc. stock symbol?

VMware Inc. is a American stock, trading under the symbol VMW (previously VMW-N on Stockchase) on the New York Stock Exchange (VMW). It is usually referred to as NYSE:VMW or VMW

Is VMware Inc. a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on VMW (previously VMW-N on Stockchase) on Stockchase. Read the latest expert commentary for VMware Inc..

Is VMware Inc. a good investment or a top pick?

VMware Inc. was recommended as a Top Pick by Peter Hofstra on 2007-12-03. Read the latest stock experts ratings for VMware Inc..

Why is VMware Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for VMware Inc..

Is VMware Inc. worth watching?

VMware Inc. is followed by 29 investors on Stockchase and is a trending stock that is worth watching.

What is VMware Inc. stock price?

On 2023-11-21, VMware Inc. (VMW) stock closed at a price of $142.48.