VMware (VMW) Receives Coverage Optimism Score of 0.11

Media stories about VMware (NYSE:VMW) have been trending somewhat positive on Wednesday, Accern reports. The research group rates the sentiment of media 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 0.11 on Accern’s scale. Accern also gave news stories about the virtualization software provider an impact score of 45.2836959134207 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:

Several research firms recently weighed in on VMW. Citigroup lifted their price target on VMware to $145.00 and gave the stock a “buy” rating in a report on Friday, December 1st. Oppenheimer lifted their price target on VMware from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, December 1st. Gabelli cut VMware from a “buy” rating to a “hold” rating in a report on Friday, December 1st. They noted that the move was a valuation call. Royal Bank of Canada lifted their price target on VMware to $150.00 and gave the stock an “outperform” rating in a report on Wednesday. They noted that the move was a valuation call. Finally, Cowen raised VMware from a “market perform” rating to an “outperform” rating in a report on Thursday, January 11th. Ten investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $126.20.

VMware (VMW) traded up $3.19 during trading on Wednesday, reaching $135.33. The company’s stock had a trading volume of 1,430,310 shares, compared to its average volume of 1,830,000. VMware has a 12-month low of $81.11 and a 12-month high of $135.99. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.86 and a current ratio of 2.86. The company has a market cap of $54,560.00, a price-to-earnings ratio of 38.67, a PEG ratio of 3.05 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 EPS for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.07. VMware had a return on equity of 18.57% and a net margin of 18.97%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter last year, the company earned $1.14 EPS. The company’s revenue was up 11.1% on a year-over-year basis. equities analysts expect that VMware will post 3.77 earnings per share for the current year.

In other news, COO Sanjay Poonen sold 10,000 shares of VMware stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $129.71, for a total value of $1,297,100.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 value of $335,220.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 484,155 shares of company stock worth $53,551,032. Corporate insiders own 34.40% of the company’s stock.

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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).

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

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