Somewhat Favorable Press Coverage Somewhat Unlikely to Affect VMware (VMW) Share Price

Press coverage about VMware (NYSE:VMW) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. VMware earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the virtualization software provider an impact score of 45.2836959134207 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:

Several research analysts have commented on VMW shares. Royal Bank of Canada lifted their target price on VMware to $150.00 and gave the stock an “outperform” rating in a report on Wednesday. They noted that the move was a valuation call. Cowen raised VMware from a “market perform” rating to an “outperform” rating in a report on Thursday, January 11th. KeyCorp raised VMware from a “sector weight” rating to an “overweight” rating and set a $142.00 target price on the stock in a report on Monday, December 18th. Stifel Nicolaus lifted their target price on VMware from $150.00 to $152.00 and gave the stock a “buy” rating in a report on Sunday, December 3rd. Finally, CIBC lifted their target price on VMware from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, December 1st. Ten equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $126.20.

Shares of VMware (VMW) traded up $3.19 during trading hours on Wednesday, hitting $135.33. The stock had a trading volume of 1,430,310 shares, compared to its average volume of 1,830,000. The firm has a market cap of $54,560.00, a P/E ratio of 38.67, a price-to-earnings-growth ratio of 3.05 and a beta of 0.67. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.86 and a quick ratio of 2.86. VMware has a 12 month low of $81.11 and a 12 month high of $135.99.

VMware (NYSE:VMW) last announced its quarterly earnings data on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.07. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.97 billion. VMware had a return on equity of 18.57% and a net margin of 18.97%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.14 EPS. research analysts predict that VMware will post 3.77 EPS for the current fiscal year.

In related news, COO Sanjay Poonen sold 2,764 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $118.50, for a total value of $327,534.00. Following the completion of the sale, the chief operating officer now directly owns 189,391 shares of the company’s stock, valued at approximately $22,442,833.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Rajiv Ramaswami sold 9,747 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $118.16, for a total value of $1,151,705.52. The disclosure for this sale can be found here. Insiders sold a total of 484,155 shares of company stock worth $53,551,032 over the last three months. 34.40% of the stock is owned by company insiders.

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VMware Company Profile

VMware, Inc is an information technology (IT) company. The Company is engaged in development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. The Company offers various products, which allow organizations to manage IT resources across private clouds and multi-cloud, multi-device environments by leveraging synergies across three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-User Computing (EUC).

Insider Buying and Selling by Quarter for VMware (NYSE:VMW)

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