News coverage about Vmware (NYSE:VMW) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Vmware earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned headlines about the virtualization software provider an impact score of 84 out of 100, indicating that recent press coverage is very likely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Why VMWare, Inc. (VMW) Stock Deserves Far More Attention Now (investorplace.com)
- Report: AWS and VMware to team up on hybrid cloud data center product (siliconangle.com)
- Are Amazon (AMZN) and VMware (VMW) Coming Together Again? (zacks.com)
- Vmware Inc-Cl A Set to Possibly Pullback After Yesterday’s Rally of 2.50% (mysmartrend.com)
- VMware working with Amazon on Hybrid Cloud Product (financialbuzz.com)
Vmware (NYSE VMW) opened at 91.01 on Wednesday. Vmware has a 12 month low of $68.33 and a 12 month high of $98.00. The stock’s 50 day moving average price is $89.93 and its 200-day moving average price is $89.99. The firm has a market capitalization of $37.17 billion, a price-to-earnings ratio of 32.76 and a beta of 0.76.
Vmware (NYSE:VMW) last released its quarterly earnings results on Thursday, June 1st. The virtualization software provider reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 period in the previous year, the company posted $0.86 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. Equities analysts anticipate that Vmware will post $4.93 EPS for the current fiscal year.
A number of research firms recently commented on VMW. MKM Partners reaffirmed a “buy” rating and issued a $110.00 price target (up previously from $100.00) on shares of Vmware in a research note on Thursday, June 1st. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $95.00 price target on shares of Vmware in a research note on Thursday, June 1st. BMO Capital Markets lowered their target price on Vmware from $105.00 to $98.00 and set a “market perform” rating for the company in a research note on Friday, June 2nd. Stifel Nicolaus boosted their target price on Vmware from $88.00 to $96.00 and gave the stock a “hold” rating in a research note on Friday, June 2nd. Finally, Maxim Group reissued a “hold” rating and set a $96.00 target price on shares of Vmware in a research note on Friday, June 2nd. Eighteen investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $95.36.
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In other Vmware news, EVP Maurizio Carli sold 11,237 shares of Vmware 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Rajiv Ramaswami sold 20,457 shares of Vmware stock in a transaction on Monday, July 10th. The shares were 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 owns 313,721 shares of the company’s stock, valued at approximately $27,557,252.64. The disclosure for this sale can be found here. Insiders have sold 698,048 shares of company stock worth $62,259,433 over the last 90 days. 0.52% of the stock is currently owned by corporate insiders.
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).
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