|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||71.88 - 74.07|
|52 Week Range||59.93 - 92.40|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jun 6, 2018 - Jun 11, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||102.17|
Pivotal Software, a subsidiary of Dell Technologies, climbed 5% after launching its initial public offering on Friday.
Pivotal Software, which has offices in San Francisco and Palo Alto, is majority-owned by Dell Technologies and rose nearly 5 percent in its debut as a public company on the New York Stock Exchange on Friday.
San Francisco-based Pivotal Software is majority-owned by Dell Technologies Inc. and trades on the New York Stock Exchange under the symbol "PVTL."
Pivotal Software’s first day of trading on the New York Stock Exchange has proven a modest success. Pivotal’s relative lack of fanfare for a nearly $4 billion company, however, speaks to an unusual situation with Dell Technologies – and the relatively little-known untapped scale of the cloud. Pivotal shares have traded mostly up a modest amount from their list price of $15, which the company had priced on Thursday at the middle of its range.
Cloud software has been a hot sector for initial public offerings, but now we will see how Wall Street feels about cloud software used to make more cloud software. Pivotal Software Inc. (PVTL) announced early Friday that it would sell at least 37 million shares in its IPO at a price of $15, the midpoint of the expected price range of $14 to $16.
Pivotal Software is set to price Thursday and trade Friday, in what is expected to be one of the biggest IPOs out of Silicon Valley this year.
VMware rallied for the third day in a row after a report said activist investor Carl Icahn has accumulated a mid-sized stake in the enterprise software provider.
The reported stake accumulated by activist investor Carl Icahn in VMware looks bullish for the software maker because the billionaire presumably would oppose a potential combination of Dell Technologies and VMware that is widely disliked by VMware holders. CNBC reported Tuesday evening that Icahn had accumulated a “medium-sized stake” below the 5% threshold that requires a public disclosure. VMware shares (VMW), which have gotten a lift lately following a Bloomberg report that Dell Technologies, the controlling shareholder in VMware with an 81% stake, is leaning against a reverse merger, are up 4% to $137 in early trading.
In the past, as an activist investor, Carl Icahn has jumped into proxy fights with various boards, often using his stake to influence major corporate decisions.
(Reuters) - Billionaire investor Carl Icahn has acquired a stake in cloud computing platform VMware Inc (VMW.N), CNBC reported on Tuesday. Icahn's stake is said to be below the 5 percent limit that warrants ...
Activist investor Carl Icahn has acquired a stake in VMware while Dell is considering a reverse merger with the virtualization company.
The company would be valued at about $3.5 billion if the IPO hits the top of its price range. That's up from its last private valuation of about $3 billion.
VMware rose as amid a report that parent Dell Technologies is less likely to pursue a reverse-merger with the enterprise software maker.
A lid on the shares of VMWare and its tracking stock is about to be lifted if Dell Technologies, which controls the virtualization software company, decides against pursuing a reverse merger with VMware. Shares of VMWare and the tracking stock both rose today after Bloomberg reported late Friday that Dell was leaning against such a merger. At midday today, shares of VMware (VMW) were up 7%, to $130, while the tracking stock, Dell Technologies, class V, (DVMT), was up 3%, at $75.
Shares of virtualization-software pioneer VMware (VMW) are up more than 6% to $129 this morning, after Bloomberg reported over the weekend that privately held Dell is "leaning against" the idea of buying the portion of VMware it doesn’t already own. Dell is the majority owner of VMware, and the prospect that Dell might buy VMware, rumored for more than a month, has been weighing on VMware shares. The tracking stock for Dell's stake, Dell Technologies (DVMT), is just about flat, at $72.85.
A spinoff of Dell, the IPO of Pivotal Software, which plans to raise $555 million, is expected to be the largest technology IPO this year since Dropbox.
There seems be no respite for the weakness in the personal computer market, as worldwide shipments continued to fall year-over-year for the 14th straight quarter in the first quarter of 2018, according ...
ROUND ROCK, Texas, April 12, 2018 /PRNewswire/ -- Dell Technologies (DVMT) will conduct a conference call April 26, 2018, at 7 a.m. CDT to discuss the impact of the Financial Accounting Standards Board's (FASB) amended guidance on the recognition of revenue from contracts with customers, commonly referred to as ASC 606. At that time the filing and slides containing additional information may be downloaded from investors.delltechnologies.com.
A Pivotal IPO is just one way Dell could raise cash following its 2016 leveraged buyout of EMC.
(Reuters) - Pivotal Software Inc, a division of Dell Technologies Inc, said on Monday it expects its initial public offering of 37 million Class A shares to raise up to $592 million. Pivotal Software said ...
Pivotal Software Inc, a division of Dell Technologies Inc, said on Monday it expects its initial public offering of 37 million Class A shares to raise up to $592 million. Pivotal Software said it expects ...
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