- The shares have declined pretty sharply after the last two quarterly figures, despite exceeding expectations in both.
- We think this is mostly driven by valuation concerns, although market circumstances and the end of a lock-up period also played a role.
- While still no real bargain, the shares are much cheaper now and would offer an opportunity under better market conditions.
Pivotal Software’s Valuation Correction
January 14th, 2019 · No Comments