Somewhat Favorable News Coverage Somewhat Unlikely to Impact Vmware (NYSE:VMW) Share Price

Media coverage about Vmware (NYSE:VMW) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring 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 coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news stories about the virtualization software provider an impact score of 45.5238682097303 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the media stories that may have effected Accern’s analysis:

Vmware (NYSE VMW) opened at $121.84 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.98 and a quick ratio of 1.98. Vmware has a 52 week low of $74.85 and a 52 week high of $122.44. The stock has a market capitalization of $50,039.12, a PE ratio of 34.41, a PEG ratio of 2.80 and a beta of 0.67.

Vmware (NYSE:VMW) last issued its earnings results on Thursday, August 24th. The virtualization software provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. Vmware had a return on equity of 18.06% and a net margin of 17.81%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the company earned $0.97 EPS. The business’s quarterly revenue was up 12.2% on a year-over-year basis. sell-side analysts expect that Vmware will post 3.79 earnings per share for the current fiscal year.

Vmware announced that its Board of Directors has authorized 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 a sign that the company’s board believes its shares are undervalued.

A number of equities research analysts recently commented on VMW shares. BMO Capital Markets upped their target price on Vmware from $105.00 to $110.00 and gave the company a “market perform” rating in a research report on Tuesday, August 15th. Drexel Hamilton restated a “buy” rating and issued a $120.00 price objective on shares of Vmware in a research report on Thursday, November 2nd. Deutsche Bank AG upped their price objective on Vmware from $100.00 to $110.00 and gave the stock a “hold” rating in a research report on Tuesday, August 15th. Bank of America Corporation restated a “buy” rating and issued a $125.00 price objective (up previously from $120.00) on shares of Vmware in a research report on Thursday, September 14th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Vmware in a research report on Tuesday, August 29th. Fifteen research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $115.35.

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In other Vmware news, COO Sanjay Poonen sold 1,134 shares of Vmware stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $106.51, for a total transaction of $120,782.34. Following the transaction, the chief operating officer now owns 192,774 shares of the company’s stock, valued at $20,532,358.74. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider P. Kevan Krysler sold 13,751 shares of Vmware stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $107.69, for a total value of $1,480,845.19. The disclosure for this sale can be found here. Insiders have sold a total of 466,314 shares of company stock worth $51,024,652 in the last three months. Corporate insiders own 0.52% of the company’s stock.

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).

Insider Buying and Selling by Quarter for Vmware (NYSE:VMW)

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