|Bid||72.92 x 100|
|Ask||73.01 x 200|
|Day's range||72.33 - 73.29|
|52-week range||59.93 - 92.40|
|PE ratio (TTM)||N/A|
|Earnings date||6 Jun 2018 - 11 Jun 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||102.17|
Cloud software has been a hot sector for initial public offerings, but now we will see how Wall Street feels about cloud software used to make more cloud software. Pivotal Software Inc. (PVTL) announced early Friday that it would sell at least 37 million shares in its IPO at a price of $15, the midpoint of the expected price range of $14 to $16.
Pivotal Software, a subsidiary of Dell Technologies, climbed 5% after launching its initial public offering on Friday.
Pivotal Software is set to price Thursday and trade Friday, in what is expected to be one of the biggest IPOs out of Silicon Valley this year.
VMware rallied for the third day in a row after a report said activist investor Carl Icahn has accumulated a mid-sized stake in the enterprise software provider.
The reported stake accumulated by activist investor Carl Icahn in VMware looks bullish for the software maker because the billionaire presumably would oppose a potential combination of Dell Technologies and VMware that is widely disliked by VMware holders. CNBC reported Tuesday evening that Icahn had accumulated a “medium-sized stake” below the 5% threshold that requires a public disclosure. VMware shares (VMW), which have gotten a lift lately following a Bloomberg report that Dell Technologies, the controlling shareholder in VMware with an 81% stake, is leaning against a reverse merger, are up 4% to $137 in early trading.
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VMware rose as amid a report that parent Dell Technologies is less likely to pursue a reverse-merger with the enterprise software maker.
A lid on the shares of VMWare and its tracking stock is about to be lifted if Dell Technologies, which controls the virtualization software company, decides against pursuing a reverse merger with VMware. Shares of VMWare and the tracking stock both rose today after Bloomberg reported late Friday that Dell was leaning against such a merger. At midday today, shares of VMware (VMW) were up 7%, to $130, while the tracking stock, Dell Technologies, class V, (DVMT), was up 3%, at $75.
Shares of virtualization-software pioneer VMware (VMW) are up more than 6% to $129 this morning, after Bloomberg reported over the weekend that privately held Dell is "leaning against" the idea of buying the portion of VMware it doesn’t already own. Dell is the majority owner of VMware, and the prospect that Dell might buy VMware, rumored for more than a month, has been weighing on VMware shares. The tracking stock for Dell's stake, Dell Technologies (DVMT), is just about flat, at $72.85.
A spinoff of Dell, the IPO of Pivotal Software, which plans to raise $555 million, is expected to be the largest technology IPO this year since Dropbox.
For Windows laptops, the pricing sweet spot is $1,000. WSJ's David Pierce walks you through the best options from Microsoft, Dell, HP, Lenovo and Acer, and lands on an overall great pick. Photo/Video: ...
NEW YORK, March 26, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
T. Rowe Price Group, the largest independent shareholder of VMware, opposes a potential merger of the private Dell Technologies with VMware. Such a transaction would be “detrimental to VMware,” Taymour Tamaddon, portfolio manager of the T. Rowe Institutional Large-Cap Growth fund (TRLGX), tells Barron’s. T Rowe Price held 12.4 million shares of VMware (ticker VMW) on Dec. 31, 2017, or about 17% of the public float in the company, and 3% of the total shares outstanding. Dell holds an 82% interest in VMware, which has 403 million shares outstanding.
Stitch Fix, Microsoft, Amazon and General Electric are the companies to watch.
One of VMware Inc.’s largest investors called on its board to end talks with Dell Technologies about a potential reverse merger, arguing it would be a “terrible deal” for the company and shareholders.
Privately held Dell, majority owner of VMware (VMW), this morning reported quarterly results, and the Street is of course picking through it for clues to VMware, given that the latter’s stock has been weighed down by rumors Michael Dell would like to take his company public via a reverse merger with VMware. The company this morning didn’t comment on such speculation, but Keith Bachman of BMO Capital, who has an Outperform rating on VMware shares, concludes from today’s conference call with management that “some form of transaction is more likely to occur than not." He feels that is the case given that "VMware contributes a significant portion of Dell’s consolidated free cash flow, particularly since storage results remain weak." He explains: In FY2018, Dell generated consolidated OCF of $6.8 billion and FCF of $5.2 billion, including VMware’s contribution of $3.2 billion and $2.9 billion, respectively, or over 50% of Dell’s consolidated FCFs.
Costco, Snap, Apple and Coca-Cola are the companies to watch.