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MarketScreener Homepage  >  Equities  >  Nyse  >  Pivotal Software Inc    PVTL

PIVOTAL SOFTWARE INC

(PVTL)
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Pivotal Software : In Discussions With VMware Regarding Potential Business Combination

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08/14/2019 | 07:06pm EDT

Pivotal Software, Inc. (NYSE: PVTL), a leading cloud-native platform provider, confirms that, through a Special Committee of its Board of Directors, it is in discussions with VMware, Inc. (“VMware”) regarding a potential business combination, and we are proceeding to negotiate definitive agreements with regards to a transaction in which VMware would acquire all of the outstanding shares of Class A common stock of Pivotal for cash at a per share price equal to $15.00. However, a definitive agreement between Pivotal and VMware has not been executed. There can be no assurances that a definitive agreement will be executed between the parties. The foregoing information is being provided solely to acknowledge the public announcement on Schedule 13D/A filed by Dell Technologies Inc., Pivotal’s and VMware’s controlling stockholder. Pivotal does not intend to provide any further information as to developments, if any, in its discussions with VMware regarding a business combination unless and until a definitive agreement is executed.

About Pivotal

Pivotal combines our cloud-native platform, developer tools, and unique methodology to help the world’s largest companies transform the way they build and run their most important applications. Our technology is used by Global 2000 companies to achieve strategic advantages in software development and IT operations. Learn more at https://pivotal.io.

Source: Pivotal Investor Relations

Pivotal Software

©2019 Pivotal Software, Inc. All rights reserved. Pivotal is a trademark and/or registered trademark of Pivotal Software, Inc. in the United States and/or other countries.


© Business Wire 2019
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Financials (USD)
Sales 2020 761 M
EBIT 2020 -45,0 M
Net income 2020 -142 M
Finance 2020 715 M
Yield 2020 -
P/E ratio 2020 -25,8x
P/E ratio 2021 -36,3x
EV / Sales2020 4,01x
EV / Sales2021 3,39x
Capitalization 3 766 M
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Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 16,44  $
Last Close Price 13,85  $
Spread / Highest target 51,6%
Spread / Average Target 18,7%
Spread / Lowest Target -13,4%
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Managers
NameTitle
Robert C. Mee Chief Executive Officer & Director
William Cook President
Paul A. Maritz Executive Chairman
Cynthia Gaylor Chief Financial Officer & Senior Vice President
Onsi Fakhouri Senior Vice President-Cloud Research & Development
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