Vmware (VMW) Receiving Somewhat Favorable News Coverage, Report Shows
Media coverage about Vmware (NYSE:VMW) has been trending somewhat positive on Saturday, Accern Sentiment reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Vmware earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave press coverage about the virtualization software provider an impact score of 46.250066835313 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- BidaskClub Upgrades Vmware, Inc. (VMW) to “Buy” (americanbankingnews.com)
- Evercore ISI Reaffirms “Hold” Rating for Vmware, Inc. (VMW) (americanbankingnews.com)
- VMWARE, INC. : Other Events, Financial Statements and Exhibits (form 8-K) (4-traders.com)
- Vmware, Inc. (VMW) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
- Gabelli Analysts Boost Earnings Estimates for Vmware, Inc. (VMW) (americanbankingnews.com)
Several research firms recently commented on VMW. Barclays PLC raised Vmware to a “hold” rating and set a $100.00 target price on the stock in a report on Monday, June 5th. BidaskClub raised Vmware from a “hold” rating to a “buy” rating in a report on Saturday. Maxim Group reaffirmed a “hold” rating and set a $96.00 target price on shares of Vmware in a report on Friday, June 2nd. Stifel Nicolaus raised Vmware from a “hold” rating to a “buy” rating and raised their target price for the stock from $96.00 to $109.00 in a report on Wednesday, June 21st. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $104.00 target price (up from $98.00) on shares of Vmware in a report on Monday, August 14th. Eighteen analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $101.12.
Vmware (NYSE VMW) traded up 0.52% during midday trading on Friday, reaching $96.27. The company’s stock had a trading volume of 770,989 shares. The company has a 50 day moving average price of $91.66 and a 200 day moving average price of $91.57. Vmware has a 1-year low of $71.81 and a 1-year high of $98.20. The firm has a market cap of $39.32 billion, a price-to-earnings ratio of 34.65 and a beta of 0.77.
Vmware (NYSE:VMW) last issued its quarterly earnings results on Thursday, June 1st. The virtualization software provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. Vmware had a return on equity of 17.19% and a net margin of 17.36%. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the company posted $0.86 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities research analysts expect that Vmware will post $5.01 EPS for the current year.
Vmware declared that its Board of Directors has authorized a share repurchase program on Monday, August 14th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the virtualization software provider to buy up to 2.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
In other Vmware news, EVP Maurizio Carli sold 11,237 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $94.66, for a total transaction of $1,063,694.42. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Rajiv Ramaswami sold 20,457 shares of the stock in a transaction on Monday, July 10th. The stock was sold at an average price of $87.84, for a total value of $1,796,942.88. Following the transaction, the chief operating officer now directly owns 313,721 shares in the company, valued at approximately $27,557,252.64. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.
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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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