Headlines about VMware (NYSE:VMW) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. VMware earned a news impact score of 0.21 on Accern’s scale. Accern also gave news stories about the virtualization software provider an impact score of 47.1739105324707 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern’s analysis:
- New VMware Cloud Services line delivers consistent infrastructure and operations for a unified experience from cloud to core to edge (wwpi.com)
- Hot Mover to Watch – VMware Inc (NYSE: VMW) – Alpha Beta Stock (alphabetastock.com)
- Don’t Buy Dell’s DVMT Stock To Get VMWare at a Discount – Investorplace.com (investorplace.com)
- VMware Cloud on AWS Expands to Europe, Delivers Powerful New Capabilities for Migrating and Protecting Applications – GlobeNewswire (press release) (globenewswire.com)
- RoundTower Becomes One of the First Solution Providers to Achieve VMware Cloud on AWS Solution Competency (bizjournals.com)
Shares of VMware (NYSE VMW) traded up $2.32 during mid-day trading on Friday, hitting $125.84. 1,755,788 shares of the stock traded hands, compared to its average volume of 4,640,000. The firm has a market cap of $50,730.00, a price-to-earnings ratio of 33.47, a P/E/G ratio of 2.27 and a beta of 0.72. VMware has a 52-week low of $85.45 and a 52-week high of $165.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.86 and a current ratio of 2.86.
VMW has been the topic of a number of recent research reports. Maxim Group reissued a “hold” rating and set a $134.00 target price (up from $123.00) on shares of VMware in a research report on Tuesday, March 6th. Bank of America upped their target price on VMware from $125.00 to $148.00 and gave the company a “buy” rating in a research report on Monday, November 27th. Nomura began coverage on VMware in a report on Tuesday, January 23rd. They set a “reduce” rating and a $108.00 price target for the company. Stifel Nicolaus lowered VMware from a “buy” rating to a “hold” rating and cut their target price for the company from $152.00 to $135.00 in a research report on Friday, March 2nd. Finally, Mizuho reaffirmed a “hold” rating and set a $110.00 price target on shares of VMware in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $131.42.
In other VMware news, COO Sanjay Poonen sold 10,000 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $129.71, for a total transaction of $1,297,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Rangarajan (Raghu) Raghuram sold 23,381 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $120.40, for a total value of $2,815,072.40. The disclosure for this sale can be found here. Insiders sold a total of 35,962 shares of company stock valued at $4,447,393 in the last 90 days. Company insiders own 34.40% of the company’s stock.
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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