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

Media stories about VMware (NYSE:VMW) have been trending positive on Friday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. VMware earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned news headlines about the virtualization software provider an impact score of 45.9369964521954 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news headlines that may have effected Accern Sentiment’s analysis:

A number of equities research analysts have weighed in on VMW shares. Drexel Hamilton restated a “buy” rating and issued a $120.00 price objective on shares of VMware in a report on Thursday, November 2nd. Bank of America reiterated a “buy” rating and set a $125.00 price target (up previously from $120.00) on shares of VMware in a report on Thursday, September 14th. Barclays upgraded shares of VMware from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $109.00 to $130.00 in a report on Thursday, September 14th. BMO Capital Markets reiterated a “market perform” rating and set a $136.00 price target (up previously from $114.00) on shares of VMware in a report on Monday, November 27th. Finally, KeyCorp reiterated a “hold” rating on shares of VMware in a report on Tuesday, October 17th. Eleven investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $125.20.

VMware (VMW) opened at $133.27 on Friday. The firm has a market cap of $53,730.00, a price-to-earnings ratio of 38.08, a P/E/G ratio of 3.02 and a beta of 0.67. VMware has a 52 week low of $80.90 and a 52 week high of $133.33. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.86 and a current ratio of 2.86.

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

In related news, COO Rajiv Ramaswami sold 9,747 shares of VMware stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $118.16, for a total transaction of $1,151,705.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Sanjay Poonen sold 10,000 shares of VMware stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $129.71, for a total transaction of $1,297,100.00. The disclosure for this sale can be found here. Insiders sold a total of 484,155 shares of company stock valued at $53,551,032 over the last three months. Corporate insiders own 34.40% of the company’s stock.

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About VMware

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).

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