Press coverage about VMware (NYSE:VMW) has trended somewhat positive on Monday, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. VMware earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned news headlines about the virtualization software provider an impact score of 46.3002795447934 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Royal Bank of Canada Reaffirms Buy Rating for VMware (VMW) (americanbankingnews.com)
- VMware unveils digital blueprint for PH, bares Landbank win (newsbytes.ph)
- Rotating into Defensives? VMware, Inc. (VMW), Trinity Industries, Inc. (TRN) (nmsunews.com)
- Eye-popping Stocks: VMware, Inc., (NYSE: VMW), Mitel Networks Corporation, (NASDAQ: MITL) (globalexportlines.com)
- A long Play in Depressed Market: VMware, Inc. (VMW) (nmsunews.com)
VMware opened at $157.68 on Monday, MarketBeat reports. VMware has a 52-week low of $87.54 and a 52-week high of $165.00. The firm has a market capitalization of $64.15 billion, a PE ratio of 40.85, a price-to-earnings-growth ratio of 2.83 and a beta of 0.72. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 0.44.
VMware (NYSE:VMW) last released its quarterly earnings data on Thursday, May 31st. The virtualization software provider reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.11. VMware had a net margin of 15.61% and a return on equity of 19.58%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the business earned $0.99 earnings per share. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. research analysts anticipate that VMware will post 4.55 EPS for the current fiscal year.
Several brokerages recently issued reports on VMW. Royal Bank of Canada reissued a “buy” rating and set a $172.00 price objective on shares of VMware in a research note on Friday. Zacks Investment Research downgraded shares of VMware from a “buy” rating to a “hold” rating in a research note on Saturday. Raymond James upped their price objective on shares of VMware from $153.00 to $174.00 in a research note on Thursday. Barclays reissued an “overweight” rating and set a $172.00 price objective (up previously from $160.00) on shares of VMware in a research note on Tuesday, July 3rd. Finally, BMO Capital Markets upped their price objective on shares of VMware from $155.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, July 3rd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have given a buy rating to the stock. VMware currently has an average rating of “Buy” and a consensus price target of $142.96.
In related news, COO Rajiv Ramaswami sold 30,000 shares of the firm’s stock in a transaction on Monday, June 4th. The shares were sold at an average price of $142.66, for a total transaction of $4,279,800.00. Following the completion of the sale, the chief operating officer now directly owns 266,057 shares of the company’s stock, valued at approximately $37,955,691.62. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Sanjay Poonen sold 20,000 shares of the firm’s stock in a transaction on Tuesday, July 3rd. The shares were sold at an average price of $160.15, for a total transaction of $3,203,000.00. The disclosure for this sale can be found here. Insiders sold 60,000 shares of company stock valued at $8,811,300 in the last three months. Company insiders own 29.90% of the company’s stock.
VMware, Inc provides compute, cloud, mobility, networking, and security infrastructure software to businesses in the United States and internationally. The company offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement.
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