An investigation for investors in Pivotal Software, Inc. (NYSE: PVTL) shares over potential securities laws violations by Pivotal Software, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 06/19/2019 -- An investigation on behalf of investors of Pivotal Software, Inc. (NYSE: PVTL) shares over potential securities laws violations by Pivotal Software, Inc. was announced.
Investors who purchased shares of Pivotal Software, Inc. (NYSE: PVTL), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on 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. 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.
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