Streetbeat News

VMW

Vmware Inc.

https://www.vmware.com/

CEO

Patrick Gelsinger

Employees

43,243

Industry

Software Publishers

vmware is the leader in cloud infrastructure, business mobility and virtualization software. a pioneer in the use of virtualization and policy-driven automation technologies, vmware simplifies it complexity across the entire data center to the virtual workplace, empowering customers with solutions in the software-defined data center to hybrid cloud computing and the mobile workspace. with 2014 revenues of $6.04 billion, vmware has more than 500,000 customers, 75,000 partners, and 18,000+ employees in 120+ locations around the world. at the core of what we do are our employees who deeply value execution, passion, integrity, customers, and community. want to be part of a compassionate community that thrives on architecting what’s next in it? learn more at vmware.com/careers.

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Broadcom Inc (NASDAQ:AVGO) is expected to report a modest beat for its fiscal second-quarter results on June 12, driven by strength in AI. Analyst Vivek Arya from BofA Securities maintained a Buy rating and a price target of $1,680 on the stock. The company is likely to reiterate its fiscal 2024 sales outlook of around $50 billion. However, there are concerns about gross margin pressure due to more custom chips and competition from NVIDIA Corp (NASDAQ:NVDA).

Portfolio Pulse from Priya Nigam

June 10, 2024 | 4:41 pm

The UK's Competition and Markets Authority (CMA) has provisionally found that Adobe Inc's proposed $20 billion acquisition of Figma could reduce competition in the UK's digital design software market. Adobe and Figma disagree with the CMA's findings. The CMA will accept further comments until December 19 before making a final decision. Meanwhile, Broadcom Inc's merger with VMware, Inc has received all necessary approvals, and Amazon's acquisition of iRobot is expected to receive EU antitrust approval without conditions.

Portfolio Pulse from Anusuya Lahiri

November 28, 2023 | 1:54 pm

Broadcom Inc. (NASDAQ:AVGO) shares have declined after a period of strength earlier in November, influenced by tech sector momentum, AI optimism, and positive financial results from peers. The pullback began last week following the completion of Broadcom's acquisition of VMware Inc (NYSE:VMW). Despite the recent decline, AVGO shares saw a marginal increase in the after-hours session.

Portfolio Pulse from Ryan Gustafson

November 27, 2023 | 9:45 pm

Broadcom has completed its $69 billion acquisition of VMware, resulting in layoffs at VMware. The acquisition was announced in May 2022 and recently received regulatory clearance from China. Prior to the acquisition, VMware had already begun job cuts. The exact number of affected employees is unknown. Some VMware employees are concerned about a potential culture clash with Broadcom and the impact on customer deals.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 6:52 pm

China's approval of Broadcom's acquisition of VMware has sent AVGO stock to new 52-week highs, reaching $999.87. The $61 billion deal is expected to offer 'sizable synergy potential' and be accretive to Broadcom's EPS and gross margins. Broadcom is set to report Q4 earnings on Dec. 7, with the market anticipating insights on the acquisition. KeyBanc analyst John Vinh has raised the price target for AVGO to $1,200 and maintains an overweight rating due to the complementary nature of VMware to Broadcom's portfolio.

Portfolio Pulse from Surbhi Jain

November 27, 2023 | 5:31 pm

VMware Inc Cl A Com (NYSE:VMW) has delivered an average annual return of 14.26% over the past 15 years, outperforming the market. A $100 investment in VMW 15 years ago would be worth $739.02 today. The company's market capitalization stands at $61.75 billion.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 4:30 pm

VMware's stock is trading lower following the announcement that all necessary regulatory approvals for its merger with Broadcom have been obtained, indicating the deal is set to close.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 3:17 pm

Broadcom Inc (AVGO) and VMware, Inc (VMW) have received all necessary regulatory approvals to close their merger deal, including from China. Despite this, both stocks traded lower in the premarket. The deal is expected to close on November 22, 2023. Broadcom has previously faced concerns over U.S. AI technology embargoes on China, which could affect a third of its revenue from China. Nvidia Corp (NVDA) was also mentioned in relation to U.S. plans to halt shipments of advanced AI chips to China.

Portfolio Pulse from Anusuya Lahiri

November 21, 2023 | 1:21 pm

In Tuesday's pre-market session, several information technology stocks showed significant movement. UTime (WTO), Frequency Electronics (FEIM), Rubicon Technologies (RBT), Ondas Holdings (ONDS), WiSA Technologies (WISA), and Boxlight (BOXL) experienced gains, while AgileThought (AGIL), Oblong (OBLG), SEALSQ (LAES), Couchbase (BASE), Bitdeer Technologies (BTDR), and VMware (VMW) saw declines. Market capitalizations were also noted, indicating the size of each company.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 1:06 pm

Broadcom Inc. and VMware Inc. have announced that they have received all necessary regulatory approvals for Broadcom's acquisition of VMware. The companies plan to finalize the acquisition on November 22. This marks a significant step in the process of Broadcom expanding its software business by acquiring the cloud computing and virtualization technology company.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 12:48 pm

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