Positive Mover of Technology Sector: Pivotal Software, Inc. (NYSE:PVTL)

In the last trading session Pivotal Software, Inc. (NYSE: PVTL) shares price traded between $27.23 and $27.86 during the last trading session Stock moved green with +0.43% at $27.75. The shares recorded a trading volume 386,601 million shares as compared to its average volume of 1,701,734 shares. The company has 81.66M shares outstanding and market value of 7.137B. Over the one year trading period, the stock has a peak price of $31.24 and its down is recorded at $15.11. The short ratio in the (Ticker) stock is 4.02 and the short float is around of 8.45%.

Pivotal Software, Inc. (NYSE: PVTL) recently reported financial results for the fiscal 2019 first quarter ended May 4, 2018.

First Quarter Fiscal Year 2019 Financial Results

Revenue: Subscription revenue was $90.1M, a raise of 69% year over year. Total revenue was $155.7M, a raise of 28% year over year.

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

Net Loss: GAAP net loss was $32.5M, contrast to a loss of $51.5M year over year. GAAP net loss per share was $0.31, contrast to a loss of $0.76 in Q1 of last year. Non-GAAP net loss was $23.3M, contrast to a loss of $42.7M year over year. Non-GAAP net loss per share was $0.10, contrast to a loss of $0.20 in Q1 of last year.

Cash Flow: Operating cash flow for the quarter was $4.5M contrast to a negative operating cash flow of $4.4M in Q1 of last year.

Cash and cash equivalents were $645.5M as of May 4, 2018.

Financial Outlook

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

Subscription revenue of $92 to $93M

Total revenue of $157 to $159M

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

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

For the full fiscal year 2019, Pivotal presently expects:

Subscription revenue of $380 to $384M

Total revenue of $642 to $649M

Non-GAAP loss from operations of $96 to $91M

Non-GAAP net loss per share of 39¢ to 37¢, assuming weighted average shares outstanding of about 244M

Pivotal Software, Inc.’s (PVTL) stock price showed strong performance of 4.52% in last seven days, switched up 16.69% in last thirty days.

It has 254.30 million of outstanding shares and its shares float measured at 62.31.

 

Mitchell Howe- Technology

I am Mitchell Howe and I have worked with words mostly, in both my education and my career level. I have graduated in English and I have a Master’s Degree in Communication. I taught business and creative writing at the university for five years and now I work as a corporate teacher and a Technology writer. I adored writing as soon as I discovered it and started to write Tech articles. I am more of an extrovert and like to travel around the world.

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