Daily Stock Opinions and Ratings

Wealthica The ultimate 360° Tracker Your financial life in one place, automatically

Opinions

Jim Cramer - Mad Money VMware Inc. VMW-N BUY ON WEAKNESS Aug 26, 2024

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.

Jim Cramer - Mad Money

Unknown

Unlock Rating

$158.380

Stock price when the opinion was issued

computer software processing

It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

Get Signals Create your Watchlist

You might be interested:

TOP PICK

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

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.

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.

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)

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.

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 21%) He profited on a trade out. Software solutions in cloud management and infrastructure. 12-month target of $148.

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.

🔒 Premium Content Alert – This buzzing stock opinion is accessible only to Premium members

Discover an exclusive list and analysis of the stocks that are trending on social medias—accessible only to our Premium subscribers. With a keen focus on the stocks that are setting social media ablaze, this weekly feature offers an invaluable lens through which to evaluate market movers. Say goodbye to the endless scroll through social media timelines; we curate the buzz so you can invest your time as wisely as your money. Unlock Premium Now.

TOP PICK

VMware software powers the world’s complex digital infrastructure. The company’s cloud, app modernization, networking, security, and digital workspace offerings help customers deliver any application on any cloud across any device.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

Jim Cramer - Mad Money VMware Inc. VMW-N BUY ON WEAKNESS Aug 26, 2024

You might be interested:

VMware Inc.(VMW-N)

VMware Inc.(VMW-N)

VMware Inc.(VMW-N)

VMware Inc.(VMW-N)

VMware Inc.(VMW-N)

VMware Inc.(VMW-N)

VMware Inc.(VMW-N)

VMware Inc.(VMW-N)

🔒 Premium Content Alert – This buzzing stock opinion is accessible only to Premium members

VMware Inc.(VMW-N)

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

Greg Newman

Stockchase Insights

Jim Cramer - Mad Money

Brian Madden

The Panic-Proof Portfolio (Stockchase Research)