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What to Expect When VMWare (VMW) Reports Q2 Results

NEW YORK (TheStreet) -- Shares of VMWare (VMW) closed up 1.69% to $62.07 on Friday ahead of the company's 2016 second quarter results due out after Monday's market close.

Wall Street is expecting the cloud software and services company to post earnings of 95 cents per share on revenue of $1.68 billion.

During the same quarter last year, the Palo Alto, CA-based company earned 93 cents per share on revenue of $1.52 billion.

MKM Partners maintained its "buy" rating and $70 price target ahead of the results.

Despite challenges, the firm expects license revenues to match...