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Investigation announced for Investors in shares of Pivotal Software, Inc. (NYSE: PVTL)

06-12-2019 07:32 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Pivotal Software, Inc. (NYSE: PVTL) shares over potential securities laws violations by Pivotal.

An investigation for investors in Pivotal Software, Inc. (NYSE: PVTL) shares over potential securities laws violations by Pivotal.

Pivotal Software, Inc. is under investigation over potential securities laws violations in connection with certain financial statements.

Investors who purchased shares of Pivotal Software, Inc. (NYSE: PVTL), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Pivotal Software, Inc. (NYSE: PVTL) concerning whether a series of statements by Pivotal Software, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

San Francisco, CA based Pivotal Software, Inc., together with its subsidiaries, provides a cloud-native application platform and services in the United States. Its cloud-native platform, Pivotal Cloud Foundry (PCF), accelerates and streamlines software development by reducing the complexity of building, deploying, and operating cloud-native and modern applications. Pivotal Software, Inc. went public in April 2018. Pivotal Software, Inc. reported that its Total Revenue rose from $509.43 million for the 12 months period that ended on February 2, 2018 to $657.49 million for the 12 months period that ended on February 1, 2019, and that its Net Loss over those time periods declined from $163.51 million to $141.89 million.

On June 4, 2019, Pivotal Software, Inc. reported its financial and operating results for the first quarter of 2019. Wedbush analyst Daniel Ives called the quarter a “train wreck” and characterized the Company’s deferred revenue and billings numbers as “disastrous”. He further asserted that Pivotal’s “management team does not have a handle on the underlying issues negatively impacting its sales cycles and the activity in the field which gives us concern that this quarter will be the start of some ‘dark days ahead’ for Pivotal (and its investors).”

Shares of Pivotal Software, Inc. (NYSE: PVTL) declined to $10.10 per share on June 5, 2019.

Those who purchased shares of Pivotal Software, Inc. (NYSE: PVTL) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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