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PVTL

Pivotal Software

$8.31

-0.115 (-1.37%)

, VMW

VMware

$153.18

-4.81 (-3.04%)

07:50
08/15/19
08/15
07:50
08/15/19
07:50

Pivotal Software acquisition not 'clear plug and play fit,' says Wedbush

Wedbush analyst Daniel Ives notes that VMware (VMW) filed a 13D reporting it is currently in negotiations with Pivotal Software (PVTL) to acquire the company. While the underlying cloud assets and complex developer tool ecosystem will add to the VMware product footprint and potentially expand opportunities within its installed base around cross-selling, acquiring this asset is "not a clear plug and play fit" in his opinion. Ives believes shareholders of VMware will have mixed feelings about this news given Pivotal's roots back to Dell/EMC and the history/current ownership structure of Michael Dell between the three companies. The analyst has a Neutral rating and $15 price target on Pivotal's shares.

PVTL

Pivotal Software

$8.31

-0.115 (-1.37%)

VMW

VMware

$153.18

-4.81 (-3.04%)

DELL

Dell Technologies

$48.59

-0.88 (-1.78%)

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PVTL Pivotal Software
$8.31

-0.115 (-1.37%)

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.
08/15/19
RBCM
08/15/19
NO CHANGE
Target $15
RBCM
Outperform
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.
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.
DELL Dell Technologies
$48.59

-0.88 (-1.78%)

08/07/19
LEHM
08/07/19
INITIATION
Target $21
LEHM
Equal Weight
HP Inc. initiated with an Equal Weight at Barclays
Barclays analyst Tim Long initiated HP Inc (HPQ) with an Equal Weight rating and a price target of $21. The analyst notes that while 80% of the company's operating profit comes from Printing, its growth and operating margins have stalled. Long also points to limited contribution from the new end markets of 3D printing and A3 printers/copiers. The analyst sees few catalysts for the stock as its PC market margins also appears to be lagging those of Dell Technologies (DELL).
08/08/19
08/08/19
INITIATION

Fly Intel: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Apple (AAPL), Samsung (SSNLF), HP Enterprise (HPE), HP Inc. (HPQ), and Dell Technologies (DELL) initiated with an Equal Weight at Barclays. 2. Avalara (AVLR) initiated with an Outperform at William Blair. 3. BlueLinx (BXC) initiated with a Buy at B. Riley FBR. 4. Corning (GLW) initiated with an Overweight at Barclays while Seagate (STX) was initiated with an Underweight, and Western Digital (WDC) was initiated with an Equal Weight. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/09/19
RBCM
08/09/19
NO CHANGE
Target $44
RBCM
Outperform
AMD announcement with Cray didn't get attention it deserved, says RBC Capital
RBC Capital analyst Mitch Steves said the focus during AMD's (AMD) launch event was clearly on Google Cloud (GOOGL) and enterprise wins with HPE (HPE) and Dell (DELL), but he contends that the company's announcement with Cray (CRAY) "did not get the attention it deserved." Looking at the build of materials for the Cray products, the combined content for AMD is likely around 25% and he "wouldn't be surprised to see 15-20%" of the $1B in bookings go to AMD, said Steves, who raised his "Street high" price target on AMD shares to $44 from $43 and keeps an Outperform rating on the stock.

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HA

Hawaiian Holdings

$25.44

0.31 (1.23%)

21:12
08/20/19
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21:12
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Hawaiian Holdings rating change at Stifel »

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MHK

Mohawk

$112.98

-1.05 (-0.92%)

21:06
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21:06
Upgrade
Mohawk rating change at Wells Fargo »

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SNV

Synovus

$35.18

-0.78 (-2.17%)

21:01
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BXS

BancorpSouth

$27.49

-0.415 (-1.49%)

20:59
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UCBI

United Community Banks

$26.63

-0.36 (-1.33%)

20:57
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RNST

Renasant

$33.20

-0.375 (-1.12%)

20:57
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FCCO

First Community

$18.31

(0.00%)

20:57
08/20/19
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20:57
Initiation
First Community initiated at DA Davidson »

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Conference/Events
Cantor Fitzgerald tech analyst to hold an analyst/industry conference call »

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LOW

Lowe's

$98.04

3.07 (3.23%)

, TGT

Target

$85.57

-0.34 (-0.40%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

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Lowe's

$98.04

3.07 (3.23%)

TGT

Target

$85.57

-0.34 (-0.40%)

ADI

Analog Devices

$110.35

-0.8 (-0.72%)

PLCE

Children's Place

$78.06

-2.6 (-3.22%)

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GOOG

Alphabet

$1,183.43

-14.58 (-1.22%)

, GOOGL

Alphabet Class A

$1,184.26

-15.68 (-1.31%)

19:02
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19:02
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19:02
Periodicals
YouTube intends to end targeted ads on videos aimed at children, Bloomberg says »

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GOOG

Alphabet

$1,183.43

-14.58 (-1.22%)

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Alphabet Class A

$1,184.26

-15.68 (-1.31%)

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HMNY

Helios and Matheson

$0.00

(0.00%)

18:59
08/20/19
08/20
18:59
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18:59
Periodicals
MoviePass exposed card data of thousands of customers, TechCrunch says »

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PLM

PolyMet Mining

$0.34

-0.0125 (-3.60%)

18:49
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Hot Stocks
PolyMet Mining reports court declined to hear petition for environmental review »

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AAL

American Airlines

$25.83

-0.27 (-1.03%)

18:24
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Hot Stocks
American Airlines to pay $22.1M to settle DOJ false claims act allegations »

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LZB

La-Z-Boy

$30.55

-1.325 (-4.16%)

, URBN

Urban Outfitters

$20.93

0.07 (0.34%)

18:17
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Fly Intel: After Hours Movers »

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LZB

La-Z-Boy

$30.55

-1.325 (-4.16%)

URBN

Urban Outfitters

$20.93

0.07 (0.34%)

LEDS

SemiLEDs

$2.22

-0.05 (-2.20%)

NRZ

New Residential

$14.14

-0.115 (-0.81%)

NDSN

Nordson

$135.43

-1.79 (-1.30%)

CREE

Cree

$58.19

-0.09 (-0.15%)

SCSC

Scansource

$31.23

-0.56 (-1.76%)

JKHY

Jack Henry

$140.79

-0.72 (-0.51%)

TSLA

Tesla

$225.70

-1.05 (-0.46%)

WMT

Walmart

$112.12

-1.64 (-1.44%)

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LEDS

SemiLEDs

$2.22

-0.05 (-2.20%)

18:06
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08/20
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SemiLEDs receives offer from Chinese investor to acquire 680K shares »

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CE

Celanese

$111.76

-0.72 (-0.64%)

18:01
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Celanese announces ethyl acetate price increase in Europe »

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WMT

Walmart

$112.12

-1.64 (-1.44%)

17:50
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Hot Stocks
Walmart's Furner sells nearly 8,000 common shares »

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SPY

SPDR S&P 500 ETF Trust

$290.03

-2.28 (-0.78%)

, SPX

S&P 500

$0.00

(0.00%)

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Periodicals
Bond manager Gundlach says Fed 'has lost control,' Reuters reports »

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SPY

SPDR S&P 500 ETF Trust

$290.03

-2.28 (-0.78%)

SPX

S&P 500

$0.00

(0.00%)

QQQ

Invesco QQQ Trust

$186.99

-1.3 (-0.69%)

DIA

Diamonds Fund ETF

$259.61

-1.71 (-0.65%)

SMH

Market Vectors Semiconductor

$113.43

-0.64 (-0.56%)

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URBN

Urban Outfitters

$20.93

0.07 (0.34%)

17:45
08/20/19
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17:45
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17:45
Earnings
Urban Outfitters CEO says Q2 was 'difficult quarter' for the company »

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17:45
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General news
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BA

Boeing

$331.94

-1.82 (-0.55%)

17:41
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Boeing awarded $154.89M Army contract modification to procure Apache helicopters »

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CGC

Canopy Growth

$27.21

0.48 (1.80%)

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WTRH

Waitr Holdings

$1.39

-0.045 (-3.15%)

17:34
08/20/19
08/20
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Hot Stocks
Waitr Holdings jumps almost 9% after director Tilman Fertitta buys 1M shares »

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