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. It also provides networking and security products and services that enable customers to connect, secure, and operate their network consistently within and across the data center, cloud, and network edges; and storage and availability products, including data storage and protection options. Besides, the company offers VMware Cloud Foundation, a platform that brings together its compute, storage, and networking technologies into an integrated stack and delivers enterprise-ready cloud infrastructure for private and public clouds; and VMware Pulse IoT Center, an Internet of Things device management and monitoring solution.
VMW stock trading
VMware’s stock was trading at $106.01 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, VMW shares have increased by 13.8% and is now trading at $120.67. VMware, Inc. The nyse vmw at https://www.webull.com/quote/nyse-vmw issued its quarterly earnings results on Thursday, February, 27th. The virtualization software provider reported $2.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.17 by $0.12. The virtualization software provider earned $3.07 billion during the quarter, compared to analysts’ expectations of $2.95 billion. VMware had a net margin of 62.27% and a return on equity of 40.10%. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.98 EPS.
Media coverage about VMW stock has been trending somewhat negative on Monday, Info Trie Sentiment reports. The research group rates the sentiment of press coverage by analyzing more than six thousand blogs and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. VMware earned a news sentiment score of -1.0 on Info Trie’s scale. They also assigned media headlines about the virtualization software provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to affect the stock’s share price in the next few days.
The vmw stock news or Nysearca spxl news at https://www.webull.com/quote/nysearca-spxl saw an increase in short interest in March. As of March 13th, there was short interest totaling 8,611,400 shares, an increase of 8.2% from the February 27th total of 7,960,000 shares. Based on an average daily trading volume, of 1,320,000 shares, the days-to-cover ratio is presently 6.5 days. Approximately 12.2% of the shares of the company are short sold.