Pivotal Software (NASDAQ:PVTL) is set to issue its quarterly earnings data after the market closes on Wednesday, September 12th. Analysts expect the company to announce earnings of ($0.09) per share for the quarter. Pivotal Software has set its Q2 guidance at ($0.10)-($0.09) EPS and its FY19 guidance at ($0.39)-($0.37) EPS.

Pivotal Software (NASDAQ:PVTL) last issued its quarterly earnings data on Tuesday, June 12th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.03. The company had revenue of $155.70 million during the quarter, compared to analyst estimates of $140.41 million. Pivotal Software’s revenue was up 28.5% on a year-over-year basis.

Shares of PVTL stock opened at $26.61 on Monday. Pivotal Software has a 52-week low of $15.11 and a 52-week high of $31.24.

PVTL has been the subject of several analyst reports. Zacks Investment Research cut Pivotal Software from a “buy” rating to a “hold” rating in a report on Friday, July 20th. Morgan Stanley boosted their price objective on Pivotal Software from $26.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, August 30th. Barclays boosted their price objective on Pivotal Software from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Wednesday, August 15th. Bank of America initiated coverage on Pivotal Software in a report on Tuesday, May 15th. They issued a “neutral” rating and a $21.00 price objective for the company. Finally, Citigroup initiated coverage on Pivotal Software in a report on Tuesday, May 15th. They issued a “neutral” rating and a $21.00 price objective for the company. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $23.91.

An institutional investor recently bought a new position in Pivotal Software stock. Bank of New York Mellon Corp purchased a new position in Pivotal Software (NASDAQ:PVTL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 27,737 shares of the company’s stock, valued at approximately $673,000.

Pivotal Software Company Profile

Pivotal Software, Inc, together with its subsidiaries, provides an integrated solution that combines a cloud-native application platform and services in the United States. Its cloud-native platform, Pivotal Cloud Foundry (PCF), accelerates and streamlines software development by reducing the complexity of building, deploying, and operating modern applications.

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