VMWARE Q2 NON-GAAP EPS OF $1.64 BEATS BY $0.07
August 30, 2022
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VMWARE($NYSE:VMW): VMware’s Q2 non-GAAP EPS of $1.64 beats estimates by $0.07. This is good news for the company, and investors will likely react positively to the news. In the long term, this strong performance will help VMware maintain its position as a leading provider of virtualization and cloud solutions.
On Thursday, VMWARE stock opened at $119.9 and closed at $121.7, up by 2.3% from prior closing price of 119.0. VMWARE’s strong second quarter results were driven by broad-based strength across the business.
A company’s fundamentals reflect its long term potential. The below analysis on VMWARE is made simple by the VI app. The VI Star Chart shows that VMWARE is classified as ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Due to its moderate growth rate, such company is deemed less risky and volatile as it pursuits a sustainable growth rate. VMWARE has an intermediate health score of 6/10 considering its cashflows and debt, might be able to pay off debt and fund future operations. VMWARE is strong in growth, profitability, and weak in asset, dividend.
Investing in VMWARE may be a good idea based on their recent non-GAAP EPS results. This news may indicate that the company is doing well and may be a good investment.
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