Somewhat Positive News Coverage Somewhat Unlikely to Affect VMware (VMW) Stock Price

Media coverage about VMware (NYSE:VMW) has been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. VMware earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the virtualization software provider an impact score of 45.1882606644572 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the headlines that may have impacted Accern’s rankings:

VMware (NYSE VMW) opened at $116.58 on Tuesday. The stock has a market capitalization of $45,607.00, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 2.35 and a beta of 0.81. 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 52-week low of $85.45 and a 52-week high of $165.00.

VMware (NYSE:VMW) last released its quarterly earnings data on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.07. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.97 billion. VMware had a return on equity of 18.57% and a net margin of 18.97%. VMware’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.14 earnings per share. equities analysts expect that VMware will post 3.77 EPS for the current fiscal year.

VMW has been the topic of several recent research reports. Drexel Hamilton reiterated a “buy” rating and set a $120.00 price target on shares of VMware in a research note on Thursday, November 2nd. Bank of America boosted their price target on shares of VMware from $125.00 to $148.00 and gave the stock a “buy” rating in a research note on Monday, November 27th. Nomura initiated coverage on shares of VMware in a research note on Tuesday, January 23rd. They set a “reduce” rating and a $108.00 target price on the stock. Citigroup lowered shares of VMware from a “buy” rating to a “neutral” rating and set a $124.00 target price on the stock. in a research note on Monday, February 5th. Finally, Deutsche Bank upped their target price on shares of VMware from $145.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. VMware has a consensus rating of “Buy” and an average target price of $130.00.

In related news, COO Rangarajan (Raghu) Raghuram sold 23,381 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $120.40, for a total transaction of $2,815,072.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Sanjay Poonen sold 2,764 shares of the stock in a transaction on Friday, December 8th. The shares were sold at an average price of $118.50, for a total value of $327,534.00. Following the sale, the chief operating officer now directly owns 189,391 shares in the company, valued at approximately $22,442,833.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,726 shares of company stock valued at $4,774,927. Company insiders own 34.40% of the company’s stock.

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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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