Company profile

Ticker
VMW
Exchange
Website
CEO
Patrick P. Gelsinger
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
943292913

VMW stock data

(
)

Calendar

4 Sep 20
27 Sep 20
29 Jan 21

News

Quarter (USD) Jul 20 May 20 Nov 19 Aug 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 20 Feb 19 Feb 18 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from VMware earnings reports.

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
10 Sep 20 Zane Rowe Class A Common Stock Sell Dispose S No 142.76 2,200 314.07K 110,024
10 Sep 20 Zane Rowe Class A Common Stock Sell Dispose S No 142.17 8,803 1.25M 112,224
10 Sep 20 Zane Rowe Class A Common Stock Sell Dispose S No 140.87 3,447 485.58K 121,027
4 Sep 20 Sanjay Poonen Class A Common Stock Sell Dispose S No 143.14 3,165 453.04K 228,589
4 Sep 20 Sanjay Poonen Class A Common Stock Sell Dispose S No 142.33 2,000 284.66K 231,754
4 Sep 20 Sanjay Poonen Class A Common Stock Sell Dispose S No 141.1 4,128 582.46K 233,754
4 Sep 20 Sanjay Poonen Class A Common Stock Sell Dispose S No 139.84 1,100 153.82K 237,882
4 Sep 20 Sanjay Poonen Class A Common Stock Sell Dispose S No 138.49 200 27.7K 238,982
4 Sep 20 Sanjay Poonen Class A Common Stock Sell Dispose S No 137.87 600 82.72K 239,182
4 Sep 20 Sanjay Poonen Class A Common Stock Sell Dispose S No 136.8 807 110.4K 239,782
69.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 566 488 +16.0%
Opened positions 120 64 +87.5%
Closed positions 42 125 -66.4%
Increased positions 215 181 +18.8%
Reduced positions 160 167 -4.2%
13F shares
Current Prev Q Change
Total value 464B 212.94B +117.9%
Total shares 78.64M 71.26M +10.4%
Total puts 3.45M 3.68M -6.3%
Total calls 3.03M 2.15M +41.1%
Total put/call ratio 1.1 1.7 -33.6%
Largest owners
Shares Value Change
BLK BlackRock 6.48M $1B +8.8%
Dodge & Cox 6.13M $948.66M +1256.2%
Vanguard 4.99M $772.39M +0.6%
Clearbridge Advisors 4.19M $648.92M +16.1%
Swedbank 3.36M $520.13M +42.2%
Capital World Investors 2.76M $427.92M -2.1%
Ubs Global Asset Management Americas 2.71M $420.29B +77.4%
BAC Bank of America 2.32M $359.67M +43.4%
Nordea Investment Management Ab 2.29M $346.27M +170.1%
Mitsubishi UFJ Trust & Banking 2.21M $13M +2668.9%
Largest transactions
Shares Bought/sold Change
N Price T Rowe Associates 2.03M -10.88M -84.3%
Dodge & Cox 6.13M +5.67M +1256.2%
Mitsubishi UFJ Trust & Banking 2.21M +2.13M +2668.9%
Ninety One UK 1.95M +1.95M NEW
Nordea Investment Management Ab 2.29M +1.44M +170.1%
Wellington Management 1.34M +1.34M NEW
Ubs Global Asset Management Americas 2.71M +1.18M +77.4%
Swedbank 3.36M +996.49K +42.2%
Boston Partners 104.94K -939.17K -89.9%
BAC Bank of America 2.32M +702.51K +43.4%

Financial report summary

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Risks
  • We remain unable to predict the extent to which the global COVID-19 pandemic may adversely impact our business operations, financial performance, results of operations and stock price.
  • Our success depends increasingly on customer acceptance of our newer products and services.
  • A significant decrease in demand for our server virtualization products would adversely affect our operating results.
  • We face intense competition that could adversely affect our operating results.
  • Competition for our target employees is intense and costly, and we may not be able to attract and retain highly skilled employees.
  • Adverse economic conditions may harm our business.
  • The loss of key management personnel could harm our business.
  • We may not be able to respond to rapid technological changes with new solutions and services offerings.
  • Breaches of our cybersecurity systems or the systems of our vendors, partners and suppliers could seriously harm our business.
  • Our operating results may fluctuate significantly.
  • Acquisitions and divestitures could harm our business and operating results.
  • We are exposed to foreign exchange risks.
  • We operate a global business that exposes us to additional risks.
  • We have outstanding indebtedness in the form of unsecured notes and may incur other debt in the future, which may adversely affect our financial condition and future financial results.
  • Our current research and development efforts may not produce significant revenue for several years, if at all.
  • We are involved in litigation, investigations and regulatory inquiries and proceedings that could negatively affect us.
  • We may not be able to adequately protect our intellectual property rights.
  • Our use of “open source” software in our products could negatively affect our ability to sell our products and subject us to litigation.
  • The evolution of our business requires more complex go-to-market strategies, which involve significant risk.
  • Our success depends upon our ability to develop appropriate business and pricing models.
  • Our products and services are highly technical and may contain or be subject to other suppliers’ errors, defects or security vulnerabilities.
  • Our subscription and SaaS offerings, which constitute a growing portion of our business, and our initiatives to extend our data center virtualization and container platforms into the public cloud, involve various risks, including, among others, reliance on third-party providers for data center space and colocation services and on public cloud providers to prevent service disruptions.
  • Failure to effectively manage our product and service lifecycles could harm our business.
  • Our success depends on the interoperability of our products and services with those of other companies.
  • Disruptions to our distribution channels, including our various routes to market through Dell, could harm our business.
  • Joint ventures may not yield expected benefits and outcomes.
  • Non-compliance or perceived non-compliance with existing and evolving international and domestic privacy and data protection laws, regulations and standards could result in liability and adversely impact our business.
  • If we fail to comply with our customer contracts or government contracting regulations, our business could be adversely affected.
  • If our goodwill or amortizable intangible assets become impaired, we may be required to record a significant charge to earnings.
  • Problems with our information systems could interfere with our business and could adversely impact our operations.
  • We may have exposure to additional tax liabilities, and our operating results may be adversely impacted by higher than expected tax rates.
  • Natural disasters, catastrophic events or geo-political conditions could disrupt our business.
  • Changes in accounting principles and guidance could result in unfavorable accounting charges or effects.
  • Our relationship with Dell may adversely impact our business and stock price.
  • Dell has the ability to prevent us from taking actions that might be in our best interest.
  • Dell has the ability to prevent a change-in-control transaction and may sell control of VMware without benefiting other stockholders.
  • We engage in related persons transactions with Dell that may divert our resources, create opportunity costs and prove to be unsuccessful.
  • Our business and Dell’s businesses overlap, and Dell may compete with us, which could reduce our market share.
  • Dell’s competition in certain markets may affect our ability to build and maintain partnerships.
  • We could be held liable for the tax liabilities of other members of Dell’s consolidated tax group, and compared to our historical results as a member of the EMC consolidated tax group, our tax liabilities may increase, fluctuate more widely and be less predictable.
  • We have limited ability to resolve favorably any disputes that arise between us and Dell.
  • Some of our directors have potential conflicts of interest with Dell.
  • We are a “controlled company” within the meaning of the New York Stock Exchange rules and, as a result, are relying on exemptions from certain corporate governance requirements that provide protection to stockholders of companies that are not “controlled companies.”
  • Dell’s ability to control our board of directors may make it difficult for us to recruit independent directors.
  • Our historical financial information as a majority-owned subsidiary may not be representative of the results of a completely independent public company.
  • If securities or industry analysts change their recommendations regarding our stock adversely, our stock price and trading volume could decline.
  • Anti-takeover provisions in Delaware law and our charter documents could discourage takeover attempts.
Management Discussion
  • Approximately 70% of our sales are denominated in the United States (“U.S.”) dollar. In certain countries, however, we also invoice and collect in various foreign currencies, principally euro, British pound, Japanese yen, Australian dollar, and Chinese renminbi. In addition, we incur and pay operating expenses in currencies other than the U.S. dollar. As a result, our financial statements, including our revenue, operating expenses, unearned revenue and the resulting cash flows derived from the U.S. dollar equivalent of foreign currency transactions, are affected by foreign exchange fluctuations.
  • Revenue from our subscription offerings consisted primarily of VMware’s VCPP cloud-based offerings that are billed to customers on a consumption basis and revenue from modern applications platform solutions and other offerings that are billed on a subscription basis. Revenue from our SaaS offerings consisted primarily of our Unified Endpoint Management mobile solution within Workspace ONE, our VMware Cloud on AWS offering, and newer SaaS offerings, such as our Carbon Black offerings, CloudHealth by VMware and VMware SD-WAN by VeloCloud.
  • License revenue relating to the sale of on-premises licenses that are part of a multi-year contract is generally recognized upon delivery of the underlying license, whereas revenue derived from our subscription and SaaS offerings is recognized on a consumption basis or over a period of time.
Content analysis ?
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Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: abetting, aiding, broaden, Chancery, core, counterclaim, Cynthia, Datrium, dissenting, duty, exploration, explore, exploring, fiduciary, flat, Gaylor, Howarth, India, Kenia, Lastline, legislation, legislative, legislature, Lopez, Mee, rata, Robert, Site, Stephanie, threat, trajectory
Removed: built, fallout, instance, noted, reviewing, surveillance