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MarketScreener Homepage  >  Equities  >  Nyse  >  VMware, Inc.    VMW

VMWARE, INC.

(VMW)
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Shareholder Alert: Robbins LLP Is Investigating the Officers and Directors of VMware, Inc. (VMW)

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06/30/2020 | 05:05pm EDT

Shareholder rights law firm Robbins LLP announces that it is investigating the officers and directors of VMware, Inc. (NYSE: VMW) for breaches of fiduciary duties, unjust enrichment, waste of corporate assets, and violations of the Securities Exchange Act of 1934. VMware provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces.

If you suffered a loss as a result of VMware's misconduct, click here.

VMware, Inc. (VMW) Accused of Misleading Investors

One of the financial metrics VMware regularly reports is its backlog, which the Company purports is comprised of “unfulfilled purchase orders or unfulfilled executed agreements at the end of a given period.” Between March 2019 and February 2020, VMware reported hundreds of millions of dollars in backlog in a series of press releases and financial reports, each time attesting to the accuracy of the Company's financial reporting as well as its maintenance of effective internal control over financial reporting. Then, on February 27, 2020, VMware disclosed that the SEC was conducting an investigation into the Company's backlog and associated accounting and disclosures. VMware reported that it was “fully cooperating with the SEC’s investigation and is unable to predict the outcome of this matter at this time.” On this news, VMware stock fell $15.11 per share, or more than 11%, to close at $120.52 per share.

VMware, Inc. (VMW) Shareholders Have Legal Options

Contact us to learn more:
Leo Kandinov
(800) 350-6003
LKandinov@robbinsllp.com
Shareholder Information Form

Want to be notified if a class action against VMware settles? Want to receive free alerts about companies engaged in wrongdoing? Sign up for Stock Watch today.

Attorney Advertising. Past results do not guarantee a similar outcome.


© Business Wire 2020
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Financials (USD)
Sales 2021 11 518 M - -
Net income 2021 1 300 M - -
Net Debt 2021 289 M - -
P/E ratio 2021 47,3x
Yield 2021 -
Capitalization 58 755 M 58 755 M -
EV / Sales 2021 5,13x
EV / Sales 2022 4,38x
Nbr of Employees 29 450
Free-Float 19,1%
Chart VMWARE, INC.
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VMware, Inc. Technical Analysis Chart | VMW | US9285634021 | MarketScreener
Technical analysis trends VMWARE, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 171,67 $
Last Close Price 140,21 $
Spread / Highest target 49,8%
Spread / Average Target 22,4%
Spread / Lowest Target -28,7%
EPS Revisions
Managers
NameTitle
Patrick P. Gelsinger Chief Executive Officer & Director
Michael Saul Dell Chairman
Sanjay J. Poonen Chief Operating Officer-Customer Operations
Zane C. Rowe Chief Financial Officer & Executive Vice President
Baskaran G. Iyer Chief Information Officer & Senior Vice President
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