VMware (VMW) Earning Somewhat Favorable Press Coverage, Analysis Finds

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Media stories about VMware (NYSE:VMW) have trended somewhat positive on Monday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. VMware earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave news articles 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 stock’s share price in the near future.

These are some of the news articles that may have effected Accern Sentiment’s scoring:

VMware stock opened at $157.68 on Monday. The stock has a market cap of $64.15 billion, a price-to-earnings ratio of 40.85, a P/E/G ratio of 2.83 and a beta of 0.72. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.04 and a current ratio of 3.04. VMware has a 52 week low of $87.54 and a 52 week high of $165.00.

VMware (NYSE:VMW) last released its earnings results on Thursday, May 31st. The virtualization software provider reported $1.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.11. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.96 billion. VMware had a net margin of 15.61% and a return on equity of 19.58%. VMware’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the company earned $0.99 EPS. research analysts forecast that VMware will post 4.55 earnings per share for the current year.

VMW has been the topic of a number of recent research reports. Monness Crespi & Hardt initiated coverage on shares of VMware in a research report on Wednesday, April 11th. They issued a “neutral” rating on the stock. Zacks Investment Research downgraded shares of VMware from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 4th. Credit Suisse Group raised their price target on shares of VMware from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Monday, May 21st. Oppenheimer raised their price target on shares of VMware from $135.00 to $165.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 22nd. Finally, Mizuho reiterated a “hold” rating and issued a $125.00 price objective on shares of VMware in a research report on Thursday, May 24th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nineteen have given a buy rating to the company’s stock. VMware currently has an average rating of “Buy” and an average target price of $142.96.

In other news, COO Rajiv Ramaswami sold 10,000 shares of VMware stock in a transaction that occurred on Wednesday, May 2nd. The shares were sold at an average price of $132.85, for a total value of $1,328,500.00. Following the transaction, the chief operating officer now owns 307,763 shares of the company’s stock, valued at approximately $40,886,314.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Sanjay Poonen sold 20,000 shares of VMware stock in a transaction that occurred on Tuesday, July 3rd. The stock was 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. In the last three months, insiders have sold 60,000 shares of company stock worth $8,811,300. 29.90% of the stock is owned by corporate insiders.

VMware Company Profile

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.

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

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