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VMware (VMW) to report Q1 Results: What's in the Cards?
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VMware Inc. is set to release first-quarter fiscal 2018 results on Jun 1.
The company carries a Zacks Rank #3 (Hold) and has an Earnings ESP of 0.00%, a combination that makes surprise prediction difficult. This is because, per our proven model, a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 to beat estimates. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
We don’t recommend Sell-rated stocks (Zacks Rank #4 or #5) going into the earnings announcement.
Year to date, VMware has outperformed the S&P 500 index. The stock has returned 22.9% as compared with the index’s gain of 8.3%.
Let’s see how things are shaping up for this announcement.
Factors to Consider
VMware’s strong product portfolio that includes NSX, AirWatch, vSphere and vSAN is the primary catalyst. The company continues to benefit from its strength in the virtualization and hybrid cloud market.
Moreover, strategic partnerships with the likes of Intel (INTC - Free Report) , Samsung, Fujitsu, Pivotal, Google, and Microsoft (MSFT - Free Report) will boost presence in hybrid cloud computing as well as fast growing Internet of Things (IoT) market. Moreover, frequent contract wins and robust international sales are expected to drive overall results.
Further, the acquisition of Wavefront will boost VMware’s cross-cloud service providing abilities. Additionally, the planned divestiture of the vCloud Air will aid the company focus on core business.
However sluggish IT spending as well as intensifying competition is the major headwinds in the near term.
Stocks to Consider
Here is a stock you may want to consider as our model shows that it has the right combination of elements to post an earnings beat:
Coupa Software with an Earnings ESP of 4% and a Zacks Rank #3.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
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VMware (VMW) to report Q1 Results: What's in the Cards?
VMware Inc. is set to release first-quarter fiscal 2018 results on Jun 1.
The company carries a Zacks Rank #3 (Hold) and has an Earnings ESP of 0.00%, a combination that makes surprise prediction difficult. This is because, per our proven model, a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 to beat estimates. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
We don’t recommend Sell-rated stocks (Zacks Rank #4 or #5) going into the earnings announcement.
Year to date, VMware has outperformed the S&P 500 index. The stock has returned 22.9% as compared with the index’s gain of 8.3%.
Let’s see how things are shaping up for this announcement.
Factors to Consider
VMware’s strong product portfolio that includes NSX, AirWatch, vSphere and vSAN is the primary catalyst. The company continues to benefit from its strength in the virtualization and hybrid cloud market.
Vmware, Inc. Price and Consensus
Vmware, Inc. Price and Consensus | Vmware, Inc. Quote
Moreover, strategic partnerships with the likes of Intel (INTC - Free Report) , Samsung, Fujitsu, Pivotal, Google, and Microsoft (MSFT - Free Report) will boost presence in hybrid cloud computing as well as fast growing Internet of Things (IoT) market. Moreover, frequent contract wins and robust international sales are expected to drive overall results.
Further, the acquisition of Wavefront will boost VMware’s cross-cloud service providing abilities. Additionally, the planned divestiture of the vCloud Air will aid the company focus on core business.
However sluggish IT spending as well as intensifying competition is the major headwinds in the near term.
Stocks to Consider
Here is a stock you may want to consider as our model shows that it has the right combination of elements to post an earnings beat:
Coupa Software with an Earnings ESP of 4% and a Zacks Rank #3.
You can see the complete list of today’s Zacks #1 Rank stocks here.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>