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

VMWARE, INC.

(VMW)
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The Law Offices of Frank R. Cruz : Announces the Filing of a Securities Class Action on Behalf of VMware, Inc. Investors (VMW)

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05/21/2020 | 03:45pm EDT

The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired VMware, Inc. ("VMware" or the "Company") (NYSE: VMW) securities between March 30, 2019 and February 27, 2020, inclusive (the “Class Period”). VMware investors have until June 1, 2020 to file a lead plaintiff motion.

If you are a shareholder who suffered a loss, click here to participate.

On February 27, 2020, VMware announced that the Enforcement Division of the Securities and Exchange Commission “requested documents and information related to VMware’s backlog and associated accounting and disclosures.”

On this news, VMware’s share price fell $15.11, or more than 11%, to close at $120.52 per share on February 28, 2020, thereby injuring investors.

The complaint alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: (1) that VMware’s reporting with respect to its backlog of unfilled orders was not in compliance with all relevant accounting and disclosure requirements; (2) that the foregoing subjected the Company to a foreseeable risk of heightened regulatory scrutiny and/or investigation; and (3) as a result, the Company’s public statements were materially false and misleading at all relevant times.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased VMware securities during the Class Period, you may move the Court no later than June 1, 2020 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you purchased VMware securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


© 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 49,3x
Yield 2021 -
Capitalization 61 219 M 61 219 M -
EV / Sales 2020
EV / Sales 2021 5,34x
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
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 171,96 $
Last Close Price 146,09 $
Spread / Highest target 43,7%
Spread / Average Target 17,7%
Spread / Lowest Target -31,5%
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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