#VMware is scheduled to announce its Q3 fiscal 2018 earnings on Thursday, November 30. The virtualization and cloud computing provider has demonstrating strength in its business this year, with fast-growing segments such as network virtualization, #hybridcloud, #hyperconverged software and #vSAN driving growth. @VMware’s license business and services business have both grown at a steady pace this year – a trend consistent with recent years. We have a $91 price estimate for VMware’s stock, which is around 20% lower than the current market price. VMware’s stock price has increased by 40% in the second half half of the year following a strong set of recent results and solid guidance for future quarters. Guidance For Q3’18 & FY 2018 After a successful first half, VMware’s management has given positive guidance for the third quarter and full fiscal year. Third quarter revenues are expected to be around 12% higher at just under $2 billion, with full year revenues expected to rise 10% to $7.8 billion. Similarly, its operating profit margin is expected to continue to improve through the year due to disciplined expense management.
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