Vmware (VMW) Earning Somewhat Positive Media Coverage, Study Finds

Media coverage about Vmware (NYSE:VMW) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of 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 0.20 on Accern’s scale. Accern also gave news coverage about the virtualization software provider an impact score of 46.4964378625287 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media stories that may have impacted Accern’s rankings:

Vmware (VMW) traded up 0.52% during midday trading on Friday, reaching $96.27. 770,989 shares of the company traded hands. Vmware has a 12 month low of $71.81 and a 12 month high of $98.20. The firm has a 50 day moving average of $91.66 and a 200-day moving average of $91.57. The stock has a market capitalization of $39.32 billion, a price-to-earnings ratio of 34.65 and a beta of 0.77.

Vmware (NYSE:VMW) last issued its quarterly earnings data on Thursday, June 1st. The virtualization software provider reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.04. Vmware had a net margin of 17.36% and a return on equity of 17.19%. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the company earned $0.86 earnings per share. Vmware’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts forecast that Vmware will post $5.01 EPS for the current fiscal year.

Vmware announced that its Board of Directors has authorized a share buyback program on Monday, August 14th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the virtualization software provider to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

VMW has been the topic of several research reports. Cowen and Company increased their price target on shares of Vmware from $92.00 to $98.00 and gave the company an “outperform” rating in a research report on Thursday, May 25th. Royal Bank Of Canada increased their price target on shares of Vmware from $97.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, May 31st. Zacks Investment Research lowered shares of Vmware from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BMO Capital Markets lowered their price target on shares of Vmware from $105.00 to $98.00 and set a “market perform” rating on the stock in a research report on Friday, June 2nd. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and issued a $95.00 price target on shares of Vmware in a research report on Thursday, June 1st. Eighteen investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Vmware currently has a consensus rating of “Buy” and a consensus target price of $101.12.

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In related news, COO Rajiv Ramaswami sold 20,457 shares of the company’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $87.84, for a total transaction of $1,796,942.88. Following the completion of the transaction, the chief operating officer now directly owns 313,721 shares in the company, valued at approximately $27,557,252.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Maurizio Carli sold 11,237 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $94.66, for a total transaction of $1,063,694.42. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.

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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