News headlines about Vmware (NYSE:VMW) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Vmware earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the virtualization software provider an impact score of 46.8619524393833 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Shares of Vmware (NYSE:VMW) traded down 0.50% during mid-day trading on Wednesday, hitting $92.93. The stock had a trading volume of 941,282 shares. Vmware has a one year low of $70.26 and a one year high of $98.00. The firm has a market cap of $37.95 billion, a price-to-earnings ratio of 33.45 and a beta of 0.77. The company has a 50-day moving average of $90.15 and a 200 day moving average of $90.81.

Vmware (NYSE:VMW) last released its earnings results on Thursday, June 1st. The virtualization software provider reported $0.99 earnings per share (EPS) for the quarter, topping the 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 business 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 revenue was up 9.3% on a year-over-year basis. On average, equities research analysts forecast that Vmware will post $4.93 earnings per share for the current year.

Several research analysts have recently issued reports on the company. Maxim Group reaffirmed a “hold” rating and set a $96.00 price target on shares of Vmware in a research note on Friday, June 2nd. Stifel Nicolaus lifted their price target on Vmware from $88.00 to $96.00 and gave the stock a “hold” rating in a research note on Friday, June 2nd. BMO Capital Markets cut their price target on Vmware from $105.00 to $98.00 and set a “market perform” rating for the company in a research note on Friday, June 2nd. MKM Partners reaffirmed a “buy” rating and set a $110.00 price target (up previously from $100.00) on shares of Vmware in a research note on Thursday, June 1st. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $95.00 price target on shares of Vmware in a research note on Thursday, June 1st. Seventeen analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $97.81.

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In related news, EVP Maurizio Carli sold 11,237 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $94.66, for a total transaction of $1,063,694.42. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Rajiv Ramaswami sold 20,457 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $27,557,252.64. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.

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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