Favorable Press Coverage Very Likely to Impact Vmware (VMW) Stock Price

News headlines about Vmware (NYSE:VMW) have been trending positive on Sunday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Vmware earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave press coverage about the virtualization software provider an impact score of 84 out of 100, indicating that recent media coverage is very likely to have an impact on the company’s share price in the immediate future.

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

Vmware (NYSE:VMW) opened at 88.37 on Friday. The stock has a market cap of $36.09 billion, a price-to-earnings ratio of 31.81 and a beta of 0.76. Vmware has a one year low of $56.09 and a one year high of $98.00. The firm has a 50-day moving average price of $91.98 and a 200-day moving average price of $89.17.

Vmware (NYSE:VMW) last announced 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 return on equity of 17.19% and a net margin of 17.36%. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the company posted $0.86 earnings per share. Vmware’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities analysts predict that Vmware will post $4.93 earnings per share for the current year.

Several research analysts have issued reports on VMW shares. MKM Partners reiterated a “buy” rating and set a $110.00 target price (up from $100.00) on shares of Vmware in a report on Thursday, June 1st. Zacks Investment Research upgraded shares of Vmware from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Monday, April 3rd. Drexel Hamilton reiterated a “buy” rating and set a $105.00 target price on shares of Vmware in a report on Thursday, April 6th. Royal Bank Of Canada reiterated a “buy” rating and set a $97.00 target price on shares of Vmware in a report on Wednesday, April 5th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $110.00 target price (up from $105.00) on shares of Vmware in a report on Saturday, June 3rd. Eighteen equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $95.36.

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In other Vmware news, COO Rajiv Ramaswami sold 20,457 shares of the company’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $87.84, for a total value of $1,796,942.88. Following the sale, the chief operating officer now owns 313,721 shares of the company’s stock, valued at $27,557,252.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Egon Durban sold 666,354 shares of the company’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $89.14, for a total value of $59,398,795.56. The disclosure for this sale can be found here. Insiders sold 698,048 shares of company stock worth $62,259,433 in the last three months. 0.52% of the stock is owned by corporate insiders.

About Vmware

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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