"I think it's really causing customers to take their time and think about what they're doing," Mee said. He added that the company named a new head of sales for the Americas.
Some analysts downgraded the stock after the report. Daniel Ives and Strecker Backe of Wedbush Securities, reduced their rating to "neutral" from "outperform," cut their price target from $26 to $15 and described the quarter and guidance as a "train wreck." They said Pivotal could be an acquisition prospect over time, but for now no buyer would closely consider it because of the issues it faces with growth.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
aww man that's a shame.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
There's a drawback to the Fed rate cuts the market so craves: It could wreck bank earningsBank earnings could take a 10% hit if the Fed cuts rates by 75 basis points by 2020, according to Bank of America Merrill Lynch. Aren't the banks reliant for this free money for their earnings? and what will Pensions have to do? Reach for more yield buying $AMZN stock? Talk about bifurcation creation in action. Why does everything need to be an extreme? If there are signs of a slowing a rate cut will be a quarter point to show a signal that increases have stopped and the Fed intends to potentially step in. At most we would see a second (.50). Nobody suggests .75 is on the table.
Source: CNBC - 🏆 12. / 72 Read more »
These are the 13 hottest companies in cloud security software, according to IT professionalsThese are the 13 hottest companies in security software, according to reviews from IT professionals.
Source: BusinessInsider - 🏆 729. / 51 Read more »