Vmware (VMW) Getting Somewhat Positive News Coverage, Report Finds
News headlines about Vmware (NYSE:VMW) have been trending somewhat positive on Friday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Vmware earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave news stories about the virtualization software provider an impact score of 46.9526072798717 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- ETFs with exposure to VMware, Inc. : December 8, 2017 (finance.yahoo.com)
- IGEL Extends Skype for Business Support to VMware Horizon Virtual Desktops (markets.financialcontent.com)
- VMware and Carbon Black Transform Current Approaches to Data Center and Cloud Security (darkreading.com)
- VMware and Carbon Black Fundamentally Transform Current Approaches to Data Center and Cloud Security (finance.yahoo.com)
- VMware updates NSX-T network software to support software container development – SiliconANGLE News (blog) (siliconangle.com)
Vmware (NYSE VMW) traded up $2.35 during mid-day trading on Friday, hitting $119.57. The stock had a trading volume of 1,595,315 shares, compared to its average volume of 1,625,636. The stock has a market cap of $47,794.21, a P/E ratio of 31.62, a P/E/G ratio of 2.69 and a beta of 0.67. Vmware has a 52-week low of $77.94 and a 52-week high of $127.60. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.10.
Vmware (NYSE:VMW) last released its quarterly earnings results on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.07. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.97 billion. Vmware had a return on equity of 18.58% and a net margin of 18.97%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the business posted $1.14 EPS. sell-side analysts expect that Vmware will post 3.77 earnings per share for the current year.
Vmware declared that its board has authorized a stock buyback plan on Monday, August 14th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the virtualization software provider to repurchase up to 2.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.
VMW has been the subject of a number of recent analyst reports. Citigroup upped their price target on Vmware from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Friday, August 11th. Bank of America raised Vmware from a “neutral” rating to a “buy” rating and upped their price target for the company from $108.00 to $120.00 in a research report on Friday, August 25th. Robert W. Baird reaffirmed a “buy” rating and set a $120.00 price target (up previously from $115.00) on shares of Vmware in a research report on Friday, August 25th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $113.00 price target on shares of Vmware in a research report on Tuesday, August 15th. Finally, Deutsche Bank raised Vmware from a “hold” rating to a “buy” rating and increased their target price for the stock from $110.00 to $120.00 in a research report on Tuesday, August 22nd. Fifteen research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $124.50.
In related news, Director Egon Durban sold 435,682 shares of Vmware stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $109.31, for a total transaction of $47,624,399.42. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Rajiv Ramaswami sold 9,747 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $118.16, for a total value of $1,151,705.52. The disclosure for this sale can be found here. 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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