VMW Stock Forecast: VMware Is A Good Bet On Cloud Computing
The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
Summary:
- In spite shelling out $11 billion as special dividend payment to 81% owner Dell, VMWare still touts more than $11.6 billion in cash & short-term investments.
- VMWare therefore has enough cash for R&D and expansion purposes.
- Hybrid Cloud is VMware’s best bet to become a major player in global Software-as-a-Service.
- VMWare’s next growth driver is data virtualization. Data virtualization is projected to have a market size of $278 billion by year 2023.
- Server virtualization, which VMware dominates, is only expected to have a market size of $8 billion by year 2023.