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VMW

VMware

$164.90

-3.68 (-2.18%)

, PVTL

Pivotal Software

$15.01

(0.00%)

17:34
11/26/19
11/26
17:34
11/26/19
17:34

VMware sees FY21 revenue growth in low double digits, consensus $11.03B

Says guidance does not include impact from proposed Pivotal (PVTL) acquisition.

VMW

VMware

$164.90

-3.68 (-2.18%)

PVTL

Pivotal Software

$15.01

(0.00%)

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VMW VMware
$164.90

-3.68 (-2.18%)

10/11/19
OPCO
10/11/19
NO CHANGE
OPCO
Oppenheimer lowers price targets for MongoDB, Twilio, New Relic ahead of reports
Oppenheimer analyst Ittai Kidron said he expects solid results from the Analytics, Collaboration, and Infrastructure software group, though upside may be more constrained given several vendors face tougher year-over year comparisons and it seems investors have become more sensitive to high valuations. While he said MongoDB (MDB), Twilio (TWLO), Smartsheet (SMAR) and Elastic (ESTC) remain top picks, he sees lower near-term upside given tough comps in the second half and sees them as better positioned to deliver bigger upside in calendar 2020, Kidron tells investors in his group preview. Ahead of results from the group, Kidron lowered his price target for MongoDB to $155 from $180, for Twilio to $145 from $160 and for New Relic (NEWR) to $80 from $85. He also noted that he is bullish on Alteryx (AYX), Atlassian (TEAM) and VMware (VMW).
10/16/19
MSCO
10/16/19
NO CHANGE
MSCO
Morgan Stanley trims targets for 'high multiple' software stocks amid pullback
Morgan Stanley analyst Keith Weiss, Stan Zlotsky and others in the firm's Software team noted that software stocks have pulled back 23% on average from their 52-week highs, which they attribute to a combination of high growth software multiples being at historical peaks, a volatile macro environment and sector rotations away from momentum names. Though they think the pullback raises the question of whether it is time to start buying software again, the analysts note that high growth multiples are still well above historical averages and the firm's Q3 CIO survey is suggesting a steep deceleration in software spending growth into 2020. Given those facts, as well as difficult second half comps for numerous companies in the space, they see unfavorable risk/rewards for "a lot of the high fliers," the analysts said. The team has lowered their price targets for Liveramp (RAMP) to $58 from $64, for Workiva (WK) to $42 from $46, for PagerDuty (PD) to $34 from $43, for MongoDB (MDB) to $150 from $160, for Yext (YEXT) to $15 from $16 and for VMware (VMW) to $170 from $188.
11/04/19
PIPR
11/04/19
INITIATION
Target $29
PIPR
Neutral
Nutanix assumed with a Neutral at Piper Jaffray
Piper Jaffray analyst James Fish assumed coverage of Nutanix (NTNX) with a Neutral rating and $29 price target. Competition, particularly from VMware (VMW), is a "major concern," Fish tells investors in a research note. Further, Nutanix's current model of spending more incremental dollars on sales and marketing than the incremental billings/revenue is not sustainable, and does not properly balance growth and margin, says the analyst. He would become more constructive on the shares with a return to "consistent execution."
11/21/19
NOMU
11/21/19
INITIATION
Target $60
NOMU
Neutral
Nomura starts Dell at Neutral, says 'not compelling' without VMware
Nomura Instinet analyst Jeffrey Kvaal initiated coverage of Dell Technologies (DELL) with a Neutral rating and $60 price target. The analyst believes "classic Dell has positives that may fade," threatened by public cloud growth, and notes that Dell is exposed to a softening macro climate. As such, investors may choose to invest in VMware's (VMW) growth directly, Kvaal tells investors in a research note. The analyst says Dell is "not compelling" without VMware.
PVTL Pivotal Software
$15.01

(0.00%)

08/23/19
WBLR
08/23/19
DOWNGRADE
WBLR
Market Perform
Pivotal Software downgraded to Market Perform from Outperform at William Blair
William Blair analyst Bhavan Suri downgraded Pivotal Software (PVTL) to Market Perform from Outperform following the company's agreement to be acquired by VMware (VMW).
08/26/19
FBCO
08/26/19
DOWNGRADE
Target $15
FBCO
Neutral
Pivotal Software downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analyst Brad Zelnick downgraded Pivotal Software (PVTL) to Neutral from Outperform and lowered his price target for the shares to $15 from $20. Given VMware's (VMW) partnership with Pivotal and Dell Technologies' (DELL) combined interest, the analyst does not see a competing takeover bid emerging.
08/27/19
KEYB
08/27/19
DOWNGRADE
KEYB
Sector Weight
Pivotal Software downgraded to Sector Weight from Overweight at KeyBanc
KeyBanc analyst Alex Kurtz downgraded Pivotal Software (PVTL) to Sector Weight from Overweight citing the proposed takeover by VMware (VMW).
10/24/19
MSCO
10/24/19
NO CHANGE
MSCO
Morgan Stanley says Datadog has best setup in infrastructure software
Morgan Stanley analyst Sanjit Singh said the infrastructure software market's "state of flux," combined with renewed worries on the spending environment, has resulted in several in the space underperforming the market year-to-date, including New Relic (NEWR), Pivotal (PVTL), Cloudera (CLDR) and PagerDuty (PD). Heading into 3Q reports from the group, he sees Datadog (DDOG) having the most business momentum and best quarterly setup and views it as one of the few in the space that can accelerate growth on a year-over-year basis, Singh said in his earnings preview for the group. While he is looking for Datadog to "highlight its leadership status" in its first quarterly report as a public company, Singh maintains an Equal Weight rating and $39 price target on the stock.

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CONN

Conn's

$20.51

1.08 (5.56%)

08:27
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THO

Thor Industries

$64.28

-3.485 (-5.14%)

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WFC

Wells Fargo

$53.91

-0.46 (-0.85%)

08:24
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$DJT

DJ Transportation Average

$0.00

(0.00%)

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DJ Utility Average

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DJX

Dow Jones Industrial Average

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IYT

iShares Transportation Average

$192.02

-0.72 (-0.37%)

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XLK

Technology Select Sector SPDR

$87.32

-0.425 (-0.48%)

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XLE

Energy Select Sector SPDR

$59.63

-0.14 (-0.23%)

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GOOGL

Alphabet Class A

$1,342.25

2.84 (0.21%)

, FB

Facebook

$201.32

0.33 (0.16%)

08:23
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GOOGL

Alphabet Class A

$1,342.25

2.84 (0.21%)

FB

Facebook

$201.32

0.33 (0.16%)

AMZN

Amazon.com

$1,749.61

-1.18 (-0.07%)

GDDY

GoDaddy

$66.80

-0.52 (-0.77%)

WIX

Wix.com

$118.61

-1.27 (-1.06%)

INTU

Intuit

$255.92

-0.24 (-0.09%)

TWTR

Twitter

$30.22

0.03 (0.10%)

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XLY

Consumer Discretionary Sector SPDR

$121.88

0.12 (0.10%)

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XLB

S&P Select Materials SPDR

$59.99

-0.08 (-0.13%)

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XLU

Utilities SPDR

$62.98

-0.26 (-0.41%)

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XLP

Consumer Staples Sector SPDR

$62.76

0.08 (0.13%)

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XLV

Health Care Select Sector SPDR

$99.72

-0.68 (-0.68%)

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IWM

iShares Trust Russell 2000 Index Fund

$162.48

-0.34 (-0.21%)

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DIA

Diamonds Fund ETF

$279.74

-0.96 (-0.34%)

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SPY

SPDR S&P 500 ETF Trust

$313.89

-0.93 (-0.30%)

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XLF

Financial Select Sector

$30.29

-0.08 (-0.26%)

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SMH

Market Vectors Semiconductor

$133.10

-0.91 (-0.68%)

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QQQ

Invesco QQQ Trust

$204.06

-0.86 (-0.42%)

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NVT

nVent Electric

$24.59

-0.04 (-0.16%)

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$COMP

Nasdaq Composite

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NDX

Nasdaq 100 Index

$0.00

(0.00%)

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FTSV

Forty Seven

$30.44

16.04 (111.39%)

08:19
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