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.

Open

142.67

Mkt cap

62B

Volume

1.8M

High

143.63

P/E Ratio

42.92

52-wk high

181.14

Low

142.47

Div yield

N/A

52-wk low

109.00

VMware shares are trading higher following the conditional EU approval of Broadcom's acquisition of the company.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 6:22 pm

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Portfolio Pulse from Vandana Singh

July 12, 2023 | 1:48 pm

Vmware, Inc's stock is trading lower after Broadcom Inc won conditional approval from the European Commission to complete its acquisition of VMware. The Commission recognizes the importance of this combination in enabling enterprises to accelerate growth in the multi-cloud ecosystem. Broadcom has also won legal merger clearance in Australia, Brazil, Canada, South Africa, and Taiwan for the $61 billion deal. On Tuesday, Microsoft Corp won a court permit to move forward with its $69 billion deal to buy Activision Blizzard, Inc.

Portfolio Pulse from Anusuya Lahiri

July 12, 2023 | 11:55 am

The European Commission has given conditional approval to Broadcom for its acquisition of VMware. The deal is expected to close in FY23. Broadcom has also received legal merger clearance in Australia, Brazil, Canada, South Africa, and Taiwan, and foreign investment control clearance in all necessary jurisdictions.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 10:07 am

Broadcom has received EU antitrust approval to acquire VMWare. As part of the agreement, Broadcom will provide Marvell with an irrevocable open source license and others with access to software and technical support to develop rival Fibre Channel Most-bus Adapters.

Portfolio Pulse from Charles Gross

July 12, 2023 | 9:55 am

VMware shares are trading higher following a Financial Times report suggesting the EU is set to clear Broadcom's acquisition of the company.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 5:53 pm

Benzinga's options activity scanner has detected significant trading activity in the options of ten information technology stocks. The stocks include NVDA, MSFT, BILL, AVGO, DDOG, ZM, AAPL, VMW, ADBE, and ORCL. Most of the observed options activity is bullish, with the exception of VMW which shows bearish sentiment.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 5:38 pm

The European Union is reportedly set to approve Broadcom's $69 billion acquisition of VMware, according to the Financial Times.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 3:52 pm

The upcoming week will see a number of companies reporting their earnings, including JPMorgan, PepsiCo, Delta Air Lines, and ConAgra Foods. The Dow Jones Industrial Average has seen a rebound in the first half of the year, with 15 of the 30 stocks in the index up and 15 down. The June consumer price index (CPI) report is also set to be released, with the previous reading showing an inflation rate of 4% year-on-year.

Portfolio Pulse from Anthony Noto

July 09, 2023 | 8:04 pm

Taiwan Semiconductor Manufacturing Company Ltd (TSMC) has confirmed a data breach following a ransomware attack by the LockBit gang, who are demanding a $70 million ransom. The breach occurred at one of TSMC's IT hardware suppliers, Kinmax Technology, which lists Hewlett Packard Enterprise Co, Cisco Systems, Inc, Microsoft Corp, Citrix, and Vmware, Inc as its partners. This comes amidst reports of 'Anonymous Sudan', a hacktivist group, causing outages at Microsoft for months.

Portfolio Pulse from Anusuya Lahiri

June 30, 2023 | 5:26 pm

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