Why VMware Is A Solid Choice For Growth Investors In 2018
Zacks Investment Research | Mar 15, 2018 10:18PM ET
On Mar 16, VMware Inc. (NYSE:VMW) was upgraded to Zacks Rank #1 (Strong Buy).
The upgrade reflects positive impact from the impressive fourth-quarter fiscal 2018 results. Non-GAAP earnings beat the Zacks Consensus Estimate by a nickel and increased 17.5% from the year-ago quarter.
Revenues of $2.31 billion also topped the consensus mark of $2.26 billion and increased 13.6% on a year-over-year basis. The year-over-year growth was driven by robust performance of its product offerings like NSX and vSAN.
Notably, VMware beat the Zacks Consensus Estimate for earnings in all of the trailing four quarters. The top line also surpassed the consensus mark in all of the trailing four quarters.
Vmware, Inc. Price and Consensus
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