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PVTL

Pivotal Software

$8.31

-0.115 (-1.37%)

, VMW

VMware

$153.18

-4.81 (-3.04%)

07:33
08/15/19
08/15
07:33
08/15/19
07:33

Pivotal Software price target lowered to $15 from $18 at RBC Capital

RBC Capital analyst Matt Hedberg lowered his price target on Pivotal Software (PVTL) to $15 but kept his Outperform rating after the company confirmed it is in talks with VMWare (VMW) about being fully acquired at $15 per share. The analyst notes that the disclosure of details from all participants is still "limited", but sees this as a "favorable outcome" for Pivotal and would not expect another bidder given the companies' current relationship.

PVTL

Pivotal Software

$8.31

-0.115 (-1.37%)

VMW

VMware

$153.18

-4.81 (-3.04%)

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PVTL Pivotal Software
$8.31

-0.115 (-1.37%)

06/05/19
FBCO
06/05/19
NO CHANGE
Target $20
FBCO
Outperform
Pivotal Software price target lowered to $20 from $25 at Credit Suisse
Credit Suisse analyst Brad Zelnick lowered his price target for Pivotal Software to $20 from $25 following disappointing Q1 results that sent the stock down nearly 30% in after-hours trading. Results and guidance lead him to believe the shift to containerized architecture and Kubernetes is more disruptive to Pivotal than he originally expected. At the same time, with the stock now trading at 5.6 times EV/Recurring Revenue, Zelnick pivots to a more value-oriented thesis as he believes the equity is now priced in line with the intrinsic value of its installed base business. The analyst reiterates an Outperform rating on the shares.
06/25/19
BOFA
06/25/19
DOWNGRADE
Target $12
BOFA
Underperform
Pivotal Software downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill Lynch analyst Nikolay Beliov downgraded Pivotal Software to Underperform from Neutral following the company's "meaningful" revenue guidance miss with its Q1 report. Pivotal is taking the right steps to address its challenges, but addressing them will take some time, said Beliov, who sees the stock underperforming in the next 12 months. He has a $12 price target on Pivotal shares.
07/01/19
MSCO
07/01/19
NO CHANGE
Target $145
MSCO
Overweight
Morgan Stanley still confident in Microsoft's Server & Tools division growth
Morgan Stanley analyst Keith Weiss noted that a key debate about Microsoft (MSFT), which has been stoked by recent weakness in other on-premise infrastructure software vendors such as Cloudera (CLDR), Pivotal Software (PVTL) and VMware (VMW), remains the durability of growth in the company's On-premise Server Products and Tools. However, he maintains confidence in the durability of low-single digital growth in the Server Products & Tools division, citing share gains across the solution portfolio. However, Weiss does note that Microsoft faces face unusually tough comparison in the division in Q4 and Q1 of FY20, leaving him to forecast year-over-year declines in these two quarters. He maintains an Overweight rating and $145 price target on Microsoft shares.
08/15/19
JEFF
08/15/19
NO CHANGE
Target $213
JEFF
Buy
VMware office price for Pivotal represents attractive multiple, says Jefferies
VMware (VMW) indicated last night in a regulatory filing negotiations to purchase the remaining shares of Pivotal Software (PVTL) at $15 per share in cash, which, while a significant 81% premium to Pivotal's $8.30 closing price, represents an "attractive" recurring revenue multiple for a growing asset, Jefferies analyst John DiFucci tells investors in a research note. He estimates the remaining approximate 35% public float not currently owned by VMware and Dell Technologies (DELL) would cost about $1.4B. The analyst keeps a Buy rating on VMware with a $213 price target.
VMW VMware
$153.18

-4.81 (-3.04%)

07/08/19
GSCO
07/08/19
DOWNGRADE
Target $120
GSCO
Sell
F5 Networks downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Rod Hall downgraded F5 Networks (FFIV) to Sell from Neutral and lowered his price target for the shares to $120 from $165. The company's earnings risks are increasing due to the weaker short-term spending environment and increasing competitive threat, Hall tells investors in a research note. Enterprise represents ~65% of F5's revenue and short term indications for spending in that market have been weak, says the analyst. Further, he believes VMware (VMW) is now a potential competitor through its proposed acquisition of Avi Networks.
07/17/19
NOMU
07/17/19
NO CHANGE
Target $130
NOMU
Reduce
VMware estimates likely to move lower from here, says Nomura Instinet
Nomura Instinet analyst Christopher Eberle believes consensus estimates for VMware are "likely going lower from here." The analyst says that as the end of the refresh cycle nears for VMware's core hypervisors business, combined with slower adoption of emerging technology revenues than most investors have expected, he sees headwinds for the stock in the coming quarters. Eberle keeps a Reduce rating on VMware with a $130 price target.

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TRPX

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GLD

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VMW

VMware

$148.15

0.11 (0.07%)

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CRWD

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-3.5 (-3.63%)

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