|Company name||Pivotal Software, Inc.|
NEW YORK, June 6, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against certain officers and directors of Pivotal Software, Inc. (NYSE: PVTL).
On June 4, 2019 after the market closed, Pivotal Software’s management lowered guidance for its Fiscal 2020 results, “rais[ing] concerns that demand for its product is weakening,” according to an article in Forbes. Wedbush analyst Daniel Ives downgraded the stock, described the company’s quarterly results as a “train wreck,” and questioned the company’s management:
“[I]t is clear to us that this 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),” said Ives.
Following this news, Pivotal’s share price fell by more than 41%, closing at $10.89 on June 5, 2019.
If you purchased or otherwise acquired Pivotal shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.