Bulletin
Investor Alert

Market Pulse Archives

March 26, 2020, 5:18 p.m. EDT

VMware withdraws fiscal 2021 guidance because of coronavirus

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    VMware Inc. (VMW)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Jon Swartz

VMware Inc. /zigman2/quotes/209864107/composite VMW +1.14% shares tumbled 4% in extended trading Thursday after the software company withdrew its previously issued financial guidance for fiscal 2021. In an 8-K filing, VMware warned it is "unable to predict the extent to which the global COVID-19 pandemic may adversely impact its business operations, financial performance and results of operations." VMware plans to provide more information during its fiscal first-quarter earnings call on May 28. VMware shares are down 30% in the last year. The broader S&P 500 index /zigman2/quotes/210599714/realtime SPX +2.62% is down 6.6% in the last year.

/zigman2/quotes/209864107/composite
US : U.S.: NYSE
$ 149.77
+1.69 +1.14%
Volume: 1.53M
June 5, 2020 4:00p
P/E Ratio
9.98
Dividend Yield
N/A
Market Cap
$62.06 billion
Rev. per Employee
$413,548
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,193.93
+81.58 +2.62%
Volume: 4.80B
June 5, 2020 5:07p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.