CEO: Pat Gelsinger
June 30, 2017: $87.43
Sept. 29, 2017: 109.19
VMware's stock suffered a significant decline in 2015 when the Dell-EMC acquisition deal was announced (EMC owned a majority stake in VMware). But the stock bounced back last year and has continued to rise in 2017. In the third quarter the company's stock recorded the biggest price gain among all 42 stocks on our watch list.
On Aug. 24 VMware announced the initial availability of its VMware Cloud software-defined data center on Amazon Web Services, allowing customers to run applications across vSphere-based public, private and hybrid cloud environments.
For its fiscal 2018 second quarter (ended Aug. 4, 2017) VMware reported revenue growth of more than 12 percent to $1.90 billion from $1.69 billion one year earlier. Net income for the quarter was $344 million, up 26 percent from $265 million one year before.