Majority analysts are calling to hold Pivotal Software, Inc. (PVTL)?

Pivotal Software, Inc. (NYSE:PVTL) marched up 76.84% compared to a 52-week low price of $15.11. The shares were last seen trading 0.53% higher, taking the closing price at $26.72 on 06/21/2018. At recent session, the prices were hovering between $25.85 and $27.5. This company shares are -20.66% up from its target price of $21.2 and the current market capitalization stands at $6.68B. The recent change has given its price a 34.5% lead over SMA 50 and -14.47% deficit over its 52-week high. The stock witnessed 49.61% gains, 0% declines and 0% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found PVTL’s volatility during a week at 8.68% and during a month it has been found around 7.15%.

Pivotal Software, Inc. (PVTL) Analyst Guide

Several analysts have released their opinion on Pivotal Software, Inc. (NYSE:PVTL), with 3 analysts believing it is a strong buy. Whereas 6 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.33 average brokerage recommendation.

It recently announced financial results for the fiscal 2019 first quarter ended May 4, 2018.

“The first quarter was a strong start to our fiscal year 2019 as we continued to deliver robust growth at scale,” said Rob Mee, CEO of Pivotal Software. “We generated subscription revenue growth of 69% and 28% total revenue growth driven by existing customers expanding their usage of our platform and continued growth in our customer base. Our unique advantage is the combination of our software platform, Pivotal Cloud Foundry®, and our differentiated strategic services offering, Pivotal Labs. Together our platform and strategic services enable enterprises to modernize their development practices and securely operate their most important applications across multi-cloud environments.”

First Quarter Fiscal Year 2019 Financial Results

Revenue: Subscription revenue was $90.1 million, an increase of 69% year over year. Total revenue was $155.7 million, an increase of 28% year over year.

Operating Loss: GAAP operating loss was $33.5 million, or 22% of total revenue, compared to a loss of $48.4 million in Q1 of last year. Non-GAAP operating loss was $21.0 million, or 14% of total revenue, compared to a loss of $39.5 million year over year.

Net Loss: GAAP net loss was $32.5 million, compared to a loss of $51.5 million year over year. GAAP net loss per share was $0.31, compared to a loss of $0.76 in Q1 of last year.

Non-GAAP net loss was $23.3 million, compared to a loss of $42.7 million year over year. Non-GAAP net loss per share was $0.10, compared to a loss of $0.20 in Q1 of last year.

For the second quarter of fiscal 2019, Pivotal currently expects:

Subscription revenue of $92 to $93 million

Total revenue of $157 to $159 million

Non-GAAP loss from operations of $23 to $22 million

Non-GAAP net loss per share of 10¢ to 9¢, assuming weighted average shares outstanding of approximately 249 million