In a report released today, Raimo Lenschow from Barclays maintained a Hold rating on Pivotal Software Inc (NYSE: PVTL), with a price target of $26. The company’s shares closed yesterday at $26.95.
According to TipRanks.com, Lenschow is a top 100 analyst with an average return of 19.3% and a 74.2% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Cornerstone Ondemand, and Coupa Software Inc.
Currently, the analyst consensus on Pivotal Software Inc is a Moderate Buy with an average price target of $26.80.
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Based on Pivotal Software Inc’s latest earnings release for the quarter ending April 30, the company reported a quarterly GAAP net loss of $32.52 million. In comparison, last year the company had a GAAP net loss of $35.38 million.
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Pivotal Software, Inc. provides application and data infrastructure software. It specializes in integrated solution that combines a cloud-native platform and strategic services. Its products include Pivotal Big Data Suite, Pivotal GemFIre, and Pivotal Greenplum which allows enterprises to adopt software and development methodologoies.
