Somewhat Positive News Coverage Somewhat Unlikely to Affect VMware (VMW) Stock Price
News articles about VMware (NYSE:VMW) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. VMware earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the virtualization software provider an impact score of 45.690446693825 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Globetouch Names Former General Motors Director and VMware VP as Advisors (abc-7.com)
- NAKIVO Helps a Hosting Provider Save €25,000 in Backup Cost (dabcc.com)
- A Look at VMware’s Financial Performance in 3Q18 (finance.yahoo.com)
- VMware’s Cash and Cash Flow in 3Q18 (finance.yahoo.com)
- Could VMware Stock Be Undervalued? (finance.yahoo.com)
VMW has been the topic of several recent analyst reports. Robert W. Baird reiterated a “buy” rating and issued a $125.00 price target on shares of VMware in a research note on Tuesday, September 12th. 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 research note on Thursday, September 14th. Bank of America reiterated a “buy” rating and issued a $125.00 price target (up from $120.00) on shares of VMware in a research note on Thursday, September 14th. Zacks Investment Research lowered shares of VMware from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $123.00 price target (up from $115.00) on shares of VMware in a research note on Wednesday, September 27th. Fourteen research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. VMware currently has a consensus rating of “Buy” and a consensus price target of $125.20.
VMware (NYSE VMW) traded down $1.63 during trading hours on Tuesday, reaching $129.27. 1,324,907 shares of the company were exchanged, compared to its average volume of 1,403,084. VMware has a 1 year low of $80.54 and a 1 year high of $132.80. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.51. The stock has a market cap of $52,110.00, a price-to-earnings ratio of 36.93, a price-to-earnings-growth ratio of 3.02 and a beta of 0.67.
VMware (NYSE:VMW) last posted its quarterly earnings data on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share for the quarter, beating 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 firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period last year, the firm posted $1.14 EPS. VMware’s quarterly revenue was up 11.1% on a year-over-year basis. equities research analysts anticipate that VMware will post 3.77 earnings per share for the current year.
In related 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 value of $47,624,399.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Maurizio Carli sold 2,581 shares of VMware stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $129.88, for a total transaction of $335,220.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 474,155 shares of company stock worth $52,253,932. 34.40% of the stock is currently owned by insiders.
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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).
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