25.35 +0.20 (0.80%)
After hours: 6:14PM EDT
|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||24.95 - 27.07|
|52 Week Range||15.11 - 31.24|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Shares of four of the five enterprise tech companies Cramer warned about went down, two of them by around 10 percent.
CEO declares company is independent from Dell and focused on subscription revenueReutersPivotal Software Inc. began trading on April 20. In an interview ahead of his first conference call with analysts, Mee called the quarterly results a “strong start,” but insisted the company is driven more by building and shipping its software than financial results. Pivotal’s (PVTL) cloud-focused software helps developers build and manage applications, and Mee said adding the requirements of being a public company to that mission meant “a lot to keep in mind,” but he was seeking to keep a sharp focus.
President Donald Trump of the United States, and North Korean leader Kim Jong-Un met last night in Singapore. North Korea committed to work toward complete de-nuclearization. The nations also agreed to the recovery and repatriation of POW/MIA remains from the war that took place on the Korean peninsula more than 65 years ago.
The quiet period following the IPO of Dell Technologies spin-off Pivotal Software Inc (NYSE: PVTL ) has ended, and several Wall Street analysts have weighed in on the stock. Here’s a rundown of what they’ve ...
KeyBanc started coverage of platform as a service, or PaaS, provider Pivotal Software (NASDAQ: PVTL ). The company says its platform, which is based on a process called containers, accelerates and simplifies ...
Pivotal Software Inc (NYSE: PVTL ), a cloud-native platform that facilitates software development, recently offered 37 million shares in an IPO , with each share priced at $15. The Analyst Following the ...
Here are some things going on today in the world of tech: Mixed Views of Pivotal IPO Analysts this morning are initiating coverage of Pivotal Software (PVTL), the cloud software company that came public April 20. The reviews seem evenly split: the equivalent of Buy ratings at Goldman Sachs, William Blair, KeyBanc, Credit Suisse, and Morgan Stanley, but Hold ratings at Barclays, Merrill Lynch, RBC Capital, Citigroup, and UBS. Goldman’s Heather Bellini, starting the stock at Buy with a $21 price target, writes that “we view Pivotal as a well-positions modern software development platform vendor, at the intersection of public cloud and on-premise, as the company can address both applications being refactored for public cloud, as well as new new applications being built for both on-premises and cloud." But RBC’s Matthew Hedberg assigns a Sector Perform rating, writing that while he likes the opportunity for the company’s cloud-development tools — the market for “platform-as-a-service,” or “PaaS,” is set to rise by 22% through 2021 — the shares to him seem fairly valued were they to reach $21, which would equate to 10 times the company’s software revenue based on 2019 estimates.
The recent hysteria for new cloud-software stocks seemed to ease a bit Friday with Pivotal Software Inc.’s initial public offering, but there are obvious questions about whether that is an issue with Pivotal ...
Mid-caps stocks, like Pivotal Software Inc (NYSE:PVTL) with a market capitalization of US$3.94B, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-capRead More...
Friday was the first day the cloud software maker’s stock traded on public exchanges, after pricing its IPO at $15, the midpoint of the $14 to $16 range.
Pivotal Software Inc. stock gained 4.9% Friday to close at $15.73. Friday was the first day the cloud software maker's stock traded on public exchanges, after pricing its IPO at $15, the mid point of the $14 to $16 range. Pivotal offered 33,117,000 shares of Class A stock, and selling-shareholder Generic Electric Co. offered 3,883,000 shares of Pivotal's Class A stock, which amounted to about 20% of the company's stake in Pivotal.
Shares of Ericsson (ERIC) are up $1.18, or 18%, at $7.82, after the company this morning reported Q1 revenue of 43.4 billion Swedish krona, a little less than the Street’s 43.59 billion SEK estimate, but it also turned in a surprise profit of 0.11 SEK per share, where analysts had been expecting a loss of 0.21 SEK per share. Twitter (TWTR) shares are up $1.05, or 3%, at $32.59, after MKM Partners’s Rob Sanderson this morning raised his rating on the shares to Buy from Neutral, with a $40 price target, writing that it should be bought for "monetization gains,” and he’s impressed by “a rebound in user growth with Daily Average Users up double-digits for five quarters." Sanderson thinks "the uber-bull case that TWTR eventually reaches the mainstream market is still on the table." It’s time for everyone to cut their Apple (AAPL) iPhone estimates in advance of the company’s earnings report May 2.
Shares of cloud software company Pivotal Software Inc. are up 4.9% in their first day of trading Friday. The stock opened at $16.75, 11.7% above its $15 IPO price. The first trade was executed at 10:43 ...
The initial public offering of Pivotal Software (PVTL) expected for pricing late Thursday probably isn’t an earnings story because the San Francisco-based company appears to be nowhere near profitability. The company, controlled by the private Dell Technologies, plans to offer 37 million shares in a range of $14 to $16 a share, which would give it a market value of about $3.8 billion based on 250 million outstanding shares.