|Bid||14.91 x 800|
|Ask||14.92 x 800|
|Day's Range||14.90 - 14.93|
|52 Week Range||8.03 - 24.39|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
In addition to its huge losses, terrible business model, and laughable corporate governance, one of the main reasons WeWork is struggling to go public is the dismal performance of other so-called super-unicorn stocks over the past couple of years.
“Digital transformation” has the biggest players making big purchases to stay competitive. VMware is no exception.
Pivotal Software (PVTL) delivered earnings and revenue surprises of 100.00% and 3.58%, respectively, for the quarter ended July 2019. Do the numbers hold clues to what lies ahead for the stock?
On Wednesday, September 4, Pivotal Software (NYSE: PVTL ) will release its latest earnings report. Check out Benzinga's preview to understand the implications. Earnings and Revenue Based on management's ...
Dell Technologies' (DELL) second-quarter fiscal 2020 results benefit from double-digit growth in commercial notebooks, desktops and workstations.
Pivotal Software (PVTL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Virtualization technology pioneer VMware, Inc. (NYSE: VMW ) said last week it had inked a definitive deal to acquire Pivotal Software Inc (NYSE: PVTL ) for $15 per share. VMware’s offer seems to be the ...
VMware's VMW strong fiscal 2020 second-quarter results included 12% year-over-year revenue growth and non-GAAP earnings per share of $1.60, both exceeding consensus expectations. A weaker outlook for license-based sales led to lower-than-expected third-quarter revenue guidance from management, but VMware kept its companywide revenue target for fiscal 2020 intact. The narrow-moat company said it has reached definitive agreements to purchase Pivotal Software, a vendor offering a developer platform for container-based workloads, for a total enterprise value of $2.7 billion and Carbon Black, an endpoint security vendor, for an enterprise value worth $2.1 billion.
(Bloomberg) -- VMware Inc. agreed to purchase two software companies on Thursday, expanding its reach in development tools and cybersecurity.The Palo Alto, California-based company said the net cash payout for the two purchases will be $2.7 billion. It’s buying Pivotal Software Inc., which sells cloud software and services, for a blended share price of $11.71, representing an enterprise value of $2.7 billion. VMware also agreed to purchase Carbon Black Inc., a cybersecurity firm, for $26 a share, representing an enterprise value of $2.1 billion.VMware, which makes virtualization and networking tools and is majority-owned by Dell Technologies Inc., said the combined company will provide software to build, run, manage, connect and protect any app on the cloud or any device. Purchasing the two companies will accelerate VMware’s plan to deliver secure, multicloud application development.The two acquisitions “will meaningfully expand our ability to power our customer’s digital transformation,” said Pat Gelsinger, VMware’s chief executive officer.“These acquisitions address two critical technology priorities of all businesses today -- building modern, enterprise-grade applications and protecting enterprise workloads and clients,” he said.Pivotal CEO Rob Mee said, “Together, we will form an organization that combines Pivotal’s expertise modernizing organizations with VMware’s capabilities and experience operating at scale.”Once the deal for Waltham, Massachusetts-based Carbon Black is complete, VMware said it would be positioned to provide “highly differentiated, intrinsic security cloud” through big data, behavioral analytics and artificial intelligence.“We now have the opportunity to seamlessly integrate Carbon Black’s cloud native end point protection platform into all of VMware’s control points,” said Patrick Morley, Carbon Black’s CEO.Both transactions are expected to be completed in the second half of VMware’s fiscal year, which ends Jan. 31.JPMorgan Chase & Co. acted as financial adviser to VMware on the deals, with Morrison & Foerster LLP acting as legal adviser to VMware on the Carbon Black acquisition and Wilson Sonsini Goodrich & Rosati as legal counsel to VMware on the Pivotal purchase.(Corrects overall purchase price in headline, purchase values in story.)\--With assistance from Jim Silver.To contact the reporter on this story: William Turton in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Tom Giles at email@example.com, Andrew Martin, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
It was a Rorschach test of sorts, in that investors read what they wanted into comments made by Federal Reserve Chairman Jerome Powell today in Jackson Hole, Wyoming. Then President Donald Trump responded.Powell said there is no "rulebook" for a trade war and promised that the Fed would "act as appropriate to sustain the expansion."InvestorPlace - Stock Market News, Stock Advice & Trading TipsTrump, dissatisfied with a lack of stimulative action, tweeted "the Fed did NOTHING," and then followed that tweet with another, saying "Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing […] your companies HOME and making your products in the USA."The meaning and nature of the message wasn't entirely clear, but investors saw the glass as half empty rather than half full. By the time the closing bell rang, the S&P 500 was down to the tune of 2.6%. The Dow Jones Industrial Average fell 2.4%, while the NASDAQ Composite ended the day down 3.0%.Bond prices advanced on Friday, partly as a result of investors seeking safety that stocks can't offer, and partly because at least enough investors suspect another rate cut may be looming. While Powell said little on the matter, the market interpreted his wording and Trump's follow-up as a clue that rates may be moving lower in the foreseeable future.September's Federal Open Market Committee meeting is a regularly scheduled opportunity to change the Fed Funds Rate. Top News in the Stock Market TodayPresuming the trade war being fought between China and the United States in indeed escalating, all companies will be impacted. None may be as hard hit as auto makers like Tesla (NASDAQ:TSLA) and Ford Motor (NYSE:F), however. That's because both still deliver large numbers of vehicles from the U.S. to China, and now face a reinstituted tariff of 25%. General Motors (NYSE:GM) is also a popular brand in China, but with much of its manufacturing for the market being done there, it's able to circumvent the expensive import duties. * 10 Undervalued Stocks With Breakout Potential Still, GM shares were pressured all the same, as Trump also encouraged companies with manufacturing operations in China to relocate that production elsewhere.VMware (NYSE:VMW) Chief Executive Officer Patrick Gelsinger described the cybersecurity market as "broken" Thursday evening, as a prelude to news that it would be simultaneously acquiring Carbon Black (NASDAQ:CBLK) and Pivotal Software (NYSE:PVTL). "The acquisitions announced today will advance our goal of offering more comprehensive and trusted cloud-agnostic solutions," explained Gelsinger.Shareholders aren't quite as convinced the $4.8 billion VMware is laying out for the two companies is money well spent, however. VMW stock fell almost 10% on the news.A long nightmare for Boeing (NYSE:BA) could be ending soon, according to reports from The Seattle Times. The newspaper's website suggested Thursday evening that the beleaguered 737 MAX could be re-certified by the Federal Aviation Administration within the next few weeks. The plane was grounded in the United States, and elsewhere, after a couple of fatal crashes were linked to a safety system that caused confusion for pilots. The solution, however, is a relatively easy recoding of the software that operates the system.The news didn't boost BA stock much, though it did keep it out of the red on a day most other names were losing a lot of ground. Big MoversFoot Locker (NYSE:FL), already losing ground since rolling over in April, lost another 19% on Friday after reporting sales and earnings that fell short of expectations. Operating income of 66 cents per share missed estimates of 67 cents, and were down nearly a dime from year-ago numbers. Sales of $1.77 billion were also down a bit year-over-year, but more than that, came up short of the $1.82 billion analysts had modeled.Friday was a particularly poor day for toy maker stocks Hasbro (NASDAQ:HAS) and Mattel (NASDAQ:MAT), although for different reasons, neither of which was earnings-related.HAS stock ended the day lower by 10% after the company announced it would be acquiring Entertainment One -- the name behind "Peppa Pig," and others -- for $4 billion. Though Entertainment One's lineup is marketable, investors aren't sure this is the right step at the right time for the struggling company, which makes "Star Wars," "Transformers" and "My Little Pony" toys.Mattel, which owns Barbie and Hot Wheels just to name a few, saw its stock slump 7% largely because Hasbro's deal to buy Entertainment One makes it very unlikely it would also be looking to acquire Mattel as well. Some investors were hoping, and even expecting, the two lethargic names in the toy business to team up as a means of propping one another up.Increasingly strained trade ties with China isn't good news for either toy company either.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy on the Dip * 7 Marijuana Stocks With Critical Levels to Watch * 7 Internet of Things Stocks to Buy Now The post Stock Market Today: Trump's Tweets Rattle Investors, Foot Locker Trips appeared first on InvestorPlace.
Pivotal Software (NYSE:PVTL) stock is heading higher on Friday thanks to a deal with VMware (NYSE:VMW).Source: Sundry Photography / Shutterstock.com This deal has VMware looking to acquire Pivotal Software for a total of $2.70 billion. The company is offering a mix of cash and stock to shareholders of PVTL stock. This gives it a blended price of $11.71 per share.This offering has VMware offering shareholders of Pivotal Software stock $15 in cash for each share of Class A stock. It also includes exchanging of shares of VMware's Class B common stock for shares of Pivotal Software Class B common stock held by Dell Technologies (NYSE:DELL). The exchange ratio here is 0.0550 shares of VMware Class B stock for each share of Software Pivotal Class B stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"The VMware Board of Directors is committed to creating value for all stockholders," Karen Dykstra, Chairperson of the Special Committee of VMware's Board of Directors, said in a statement. "After a thorough and independent evaluation with its advisors, and working closely with the VMware management team, the Special Committee recommended the Board approve this transaction with Pivotal given its strong strategic and long-term value to the company and its customers."The deal is set to close during the second half of VMware's 2020 fiscal year, which ends Jan. 31, 2020. However, it still needs to complete customary closing conditions. That includes getting approval from regulators and shareholders. * 7 Retail Stocks to Buy on the Dip Pivotal Software isn't the only recent acquisition that VMware has announced. The company also revealed that it is planning to purchase Carbon Black (NASDAQ:CBLK) as well.PVTL stock was up 8% as of noon Friday. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy on the Dip * 7 Marijuana Stocks With Critical Levels to Watch * 7 Internet of Things Stocks to Buy Now As of this writing, William White did not hold a position in any of the aforementioned securities.The post Pivotal Software (PVTL) Stock Rockets Higher on VMware Deal appeared first on InvestorPlace.
Carbon Black (NASDAQ:CBLK) stock is on the rise today following news of a deal with VMware (NYSE:VMW).Source: Sundry Photography / Shutterstock.com The deal between Carbon Black and VMware is going to have the latter acquiring the former. This will be through a cash tender offer that values the company at $2.10 billion. That has the per share value of the offer sitting at $26. The offer of $26 per share for CBLK stock represents a 6% premium over the stock's closing price yesterday."The security industry is broken and ineffective with too many fragmented solutions and no cohesive platform architecture," Pat Gelsinger, CEO of VMware, said in a statement. "By bringing Carbon Black into the VMware family, we are now taking a huge step forward in security and delivering an enterprise-grade platform to administer and protect workloads, applications and networks."InvestorPlace - Stock Market News, Stock Advice & Trading TipsVMware says that it will be using a mixture of cash on hand and some available through short-term lending in order to acquire Carbon Black. The company also notes that it is expecting the deal to close during the second half of its fiscal 2020 year, which ends on January 31, 2020.VMware and CArbon Black still need to complete customary closing conditions before the deal can reach completion. This includes getting approval from regulators, as well VMW obtaining a majority stake in CBLK stock. * 7 Retail Stocks to Buy on the Dip VMware is getting its financial advice from J.P. Morgan Securities and legal advice from Morrison & Foerster. Morgan Stanley & Co. is providing financial advice to Carbon Black and Goodwin Procter is handling the legal advice.Another recent deal for VMware has it agreeing to acquire Pivotal Software (NYSE:PVTL). You can follow this link for more details about that deal.CBLK stock was up 6% and VMW stock was down 8% as of noon Friday. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy on the Dip * 7 Marijuana Stocks With Critical Levels to Watch * 7 Internet of Things Stocks to Buy Now As of this writing, William White did not hold a position in any of the aforementioned securities.The post Carbon Black (CBLK) Stock Soars on $2+ Billion VMware Deal appeared first on InvestorPlace.
VMware's (VMW) second-quarter fiscal 2020 results benefit from strong top-line growth, driven by robust performance from NSX and vSAN product lines.
VMware Inc. has been snapping up cloud-focused startups while making deals with former enemies like Amazon.com Inc. and Alphabet Inc. for months, but changes at the software company hit a new level on Thursday.
U.S. stock futures turn lower Friday after China says it will retaliate in its tariff battle with the U.S.; Salesforce jumps after reporting second-quarter earnings that beat estimates and raising its fiscal-year guidance; VMware to buy Pivotal Software and Carbon Black; Hasbro acquires the owner of the rights to 'Peppa Pig.'
It was a big afternoon for (VMW) as the enterprise software company disclosed definitive agreements to acquire both (PVTL) and (CBLK) as well as releasing financial results for its fiscal second quarter. The biggest surprise is the deal for Carbon Black (ticker: CBLK), a security software company that focuses on “cloud native endpoint protection.” VMware (VMW) is buying the Waltham, Mass.-based company for $26 a share in cash, for a transaction price of $2.1 billion. Carbon Black stock rose $1.75, or 7.7%, to $24.50 on Thursday, prior to the announcement.
VMware Inc said on Thursday it bought two providers of cloud security and cloud developer services in separate deals valued at about $5 billion, as it expands offerings for corporate clients. VMware bought Pivotal Software Inc in a $2.7 billion deal. Separately, VMware said it would buy software maker Carbon Black Inc for about $2 billion in cash.