Taking a Fresh Look at Pivotal Software, Inc. (PVTL)

Pivotal Software, Inc. (PVTL) is an interesting player in the Technology space, with a focus on Application Software. The stock has been active on the tape, currently trading at $28.20, up from yesterday’s close by 32.96%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Pivotal Software, Inc. (PVTL) currently trades with a market capitalization of $7.05 Billion. That value represents a market adjusting for revenues that have been growing by 18.23 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $ over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of -$0.13 on a per share basis this quarter. Perhaps, that suggests something about why 0.82% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how PVTL has been acting. Looking at the stock’s movement on the chart, Pivotal Software, Inc. recorded a 52-week high of $22.60. It is now trading -5.6% off that level. The stock carved out a 52-week low down at $15.11.

In recent action, Pivotal Software, Inc. (PVTL) has made a move of +46.57% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.57, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 3.38% with $61.02 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of PVTL.

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