Management Deals: Management and Ives

management deals: See more Pivotal Software stock down after earnings While management blamed a complex technology landscape,' which negatively impacted the quarter, it 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 wrote Ives, who cut his rating on the stock to neutral from outperform and lowered his target to 15 from 26, according to Market Watch. Ives argued that the company's profitability prospects have been pushed out even further as Pivotal's management deals with execution issues in North America as well as secular challenges. Wedbush analyst Daniel Ives called the quarter a train wreck and dubbed Pivotal's PVTL, -0.28% deferred revenue and billings numbers disastrous in downgrading the shares on Wednesday morning. Unfortunately we have seen this movie play out too many times in our decades covering the software space and believe this will not be an overnight turnaround story, he wrote. That would mean that Pivotal shares would trade at an multiple of less than 3, which we view as compelling for a strategic asset demonstrating solid growth, ramping margins, and reacceleration potential further out, Andrews wrote. Read Nutanix stock plunges amid execution woes It is clear that this model is unsustainable' Needham analyst Jack Andrews said that he expects Pivotal shares to languish for at least a quarter following the latest results, but he argued that the stock would remain attractive if after-hours losses were to hold through the close. (news.financializer.com). As reported in the news.