Long Position on PVTL @ $27.00 on 6/19/2018 (Momentum)

Pivotal Software, Inc. (PVTL) provides an integrated solution that combines 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 modern applications.

The company also enables its customers to accelerate their adoption of a modern software development process and their business success using its platform through its strategic services, Pivotal Labs (Labs).

Pivotal Software, Inc. markets and sells PCF and Labs through its sales force and ecosystem partners. Shares of this recent IPO have formed a bullish "flag" and should move higher out of this formation. The bullish formation comes following the company's trong earnings report. 

Pivotal Software reported first-quarter revenue of $155.7 million, up 28% year over year. Analysts were expecting first-quarter revenue of $140.4 million. The company lost $23.3 million, or $0.10 per share better than 13 cents loss expected. 

Management said it expects second-quarter and full-fiscal year revenue of $157 million to $159 million and $642 million to $649 million, respectively. Both of these ranges are above consensus analyst estimates for $153 million and $622 million.

Entry Point: $27.00

Stop Loss: $26.00

Trading Range: $15.11 - $31.24

Target Price: $29.70

Updates

2/14/2019 3:49:38 PM

PVTL closed at $20.70

Position closed on 2/14/2019 at price of $27.00 with a 0.00% gain in 240 days.

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