News stories about VMware (NYSE:VMW) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. VMware earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news coverage about the virtualization software provider an impact score of 45.4914651846986 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- VMware buys CloudCoreo to improve cloud application security (siliconangle.com)
- Jive Communications Releases VeloCloud Powered Jive SD-WAN (prweb.com)
- Judge Denies Phoenix New IP Trial But Refuses VMware Fees (law360.com)
- VMware to Announce Fourth Quarter and Full Fiscal Year 2018 Financial Results on Thursday, March 1, 2018 (finance.yahoo.com)
- VMware (VMW) Downgraded to Hold at Edward Jones (americanbankingnews.com)
A number of analysts recently commented on VMW shares. Drexel Hamilton reiterated a “buy” rating and set a $120.00 price objective on shares of VMware in a research report on Thursday, November 2nd. Bank of America upped their price objective on VMware from $125.00 to $148.00 and gave the company a “buy” rating in a research report on Monday, November 27th. Nomura started coverage on VMware in a research report on Tuesday, January 23rd. They set a “reduce” rating and a $108.00 price objective for the company. Citigroup cut VMware from a “buy” rating to a “neutral” rating and set a $124.00 price objective for the company. in a research report on Monday, February 5th. Finally, Deutsche Bank upped their price objective on VMware from $145.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nineteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $130.00.
VMware (NYSE:VMW) last released its earnings results on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share (EPS) for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter last year, the business posted $1.14 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis. research analysts predict that VMware will post 3.78 EPS for the current year.
In related news, EVP Maurizio Carli sold 2,581 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $129.88, for a total transaction of $335,220.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Sanjay Poonen sold 10,000 shares of the stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $129.71, for a total value of $1,297,100.00. The disclosure for this sale can be found here. Insiders have sold 38,726 shares of company stock valued at $4,774,927 in the last quarter. 34.40% of the stock is currently owned by company insiders.
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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).
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