Favorable Press Coverage Somewhat Unlikely to Affect Vmware (VMW) Stock Price
Media coverage about Vmware (NYSE:VMW) has trended positive recently, according to Accern. The research group scores the sentiment of 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 -1 to 1, with scores closest to one being the most favorable. Vmware earned a coverage optimism score of 0.28 on Accern’s scale. Accern also assigned press coverage about the virtualization software provider an impact score of 46.4845162114829 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s scoring:
- VMware, Inc. – Value Analysis (NYSE:VMW) : December 12, 2017 (finance.yahoo.com)
- New Global Research Reveals Keys to Unlocking Successful Multi-Cloud Adoption (finance.yahoo.com)
- T. Rowe Price discloses VMware stake (seekingalpha.com)
- FNTS Now Providing DBaaS Solutions Due to Customer Demand (prweb.com)
- VMware and Carbon Black Team Up in Data Center and Cloud Security (darkreading.com)
Shares of Vmware (VMW) traded up $1.52 on Tuesday, reaching $121.09. 1,310,400 shares of the company’s stock traded hands, compared to its average volume of 1,624,313. Vmware has a 52 week low of $77.94 and a 52 week high of $127.60. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.98 and a current ratio of 1.98. The firm has a market cap of $48,284.64, a PE ratio of 32.40, a PEG ratio of 2.75 and a beta of 0.67.
Vmware (NYSE:VMW) last announced its earnings results on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.07. Vmware had a net margin of 18.97% and a return on equity of 18.58%. The company had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter in the previous year, the company posted $1.14 EPS. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. sell-side analysts predict that Vmware will post 3.77 EPS for the current year.
Vmware announced that its Board of Directors has initiated a stock 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 reacquire up to 2.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
A number of research firms recently issued reports on VMW. Stifel Nicolaus reissued a “buy” rating and issued a $152.00 price target (up previously from $150.00) on shares of Vmware in a research note on Monday, November 27th. Bank of America lifted their price target on shares of Vmware from $125.00 to $148.00 and gave the company a “buy” rating in a research note on Monday, November 27th. CIBC lifted their price target on shares of Vmware from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, December 1st. BMO Capital Markets reissued a “market perform” rating and issued a $136.00 price target (up previously from $114.00) on shares of Vmware in a research note on Monday, November 27th. Finally, Gabelli cut shares of Vmware from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. They noted that the move was a valuation call. Fifteen analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $124.50.
In other Vmware news, Director Egon Durban sold 435,682 shares of Vmware stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $109.31, for a total transaction of $47,624,399.42. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Rajiv Ramaswami sold 9,747 shares of Vmware stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $118.16, for a total transaction of $1,151,705.52. The disclosure for this sale can be found here. Insiders own 34.40% of the company’s stock.
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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