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Stock Market & Financial Investment News

News Breaks
April 9, 2014
10:33 EDTCTCT, ORCL, MKTOConstant Contact surges after preliminary Q1 revenue beats consensus
Shares of marketing tools maker Constant Contact (CTCT) are surging after the company reported preliminary first quarter revenue that exceeded analysts' projection. WHAT'S NEW: Last night, Constant Contact reported that it expected first quarter revenue to be between $78.7M-$78.8M, while analysts consensus view was $77.34M. The company raised its FY14 revenue guidance to approximately $330M, while analysts consensus had been just above $323M. Constant Contact, which had previously seen FY14 revenue growth of more than 13%, said its current revenue guidance of $330M represents more than 15.5% year-over-year revenue growth. WHAT'S NOTABLE: During Constant Contact's conference call, the company said that its better-than-expected first quarter revenue growth resulted from a strong performance from each of its growth levers, which include new customer additions, ARPU and retention. The company said it added 50K gross customers and 10K net new customers in the first quarter. Looking ahead to the balance of FY14, Constant Contact said it expects that the gains in the first quarter will flow through the remainder of the year. The company noted that the increase of its FY14 revenue guidance represents a new baseline with opportunities for further gains over the course of the year. In the coming weeks, Constant Contact also said it is planning to launch Toolkit, which is a new integrated business platform offering to small businesses that had previously only been available to larger enterprises. ANALYSTS REACTION: Dougherty upgraded Constant Contact today following the better than anticipated preliminary first quarter results that the company announced yesterday, taking its rating on the shares up to Hold from its prior Sell rating. PRICE ACTION: During morning trading, shares of Constant Contact rose 27.5% to $27.95. OTHERS TO WATCH: Other providers of marketing software and solutions include Marketo (MKTO) and Responsys, which was recently acquired by Oracle (ORCL).
News For CTCT;MKTO;ORCL From The Last 14 Days
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June 18, 2015
09:04 EDTORCLOn The Fly: Pre-market Movers
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08:19 EDTORCLOracle weakness a buying opportunity, says Susquehanna
Susquehanna said investors should be buying Oracle on weakness following its missed Q4 results. The firm cited its cloud revenue and bookings, which beat expectations, and the company's guidance for cloud revenue acceleration. Susquehanna reiterated its Positive rating and $50 price target on Oracle shares.
07:29 EDTORCLOracle cloud growth positive over the long-term, says Wells Fargo
After Oracle reported weaker than expected Q4 results, Wells Fargo says that the rapid growth in Oracle's cloud subscriptions is probably pressuring the company's financial results, but that the trend should ultimately improve its results over the longer term. The firm expects estimates for the company's performance over the next two years to be cut, but it keeps an Outperform rating on the shares.
07:05 EDTORCLOracle building strong growth foundation, says Cantor
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June 17, 2015
17:28 EDTORCLOracle says Cloud business outpacing competition
17:24 EDTORCLOracle sees becoming world's largest Enterprise Cloud company
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17:23 EDTORCLOracle sees Q1 adjusted Software, Cloud revenue up 6%-8%
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17:22 EDTORCLOracle sees Q1 SaaS, PaaS revenue growing 39%-43%
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17:21 EDTORCLOracle sees Q1 EPS in constant currency 56c-59c, consensus 61c
Sees Q1 constant currency revenue growth up 5%-8%, consensus $8.62B. Comments from Q4 earnings conference call.
16:35 EDTORCLOracle drops over 5% after reporting Q4 financial results
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16:13 EDTORCLOracle: Q4 SaaS and PaaS revenues grew at a 34% constant currency rate
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16:12 EDTORCLCrossroads Systems updates on patent litigation after Markman hearing
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16:10 EDTORCLOracle sees $1.5B-$2B new Saas, Paas business in fiscal year
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16:02 EDTORCLOracle reports Q4 EPS 78c, consensus 87c
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15:16 EDTORCLNotable companies reporting after market close
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15:16 EDTORCLOptions with increasing volume
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14:46 EDTORCLOracle June 45 straddle priced for 4.1% movement into Q4
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14:42 EDTORCLOption volume leaders
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13:50 EDTORCLOracle technical comments before earnings
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13:08 EDTORCLEarnings Watch: Analysts expect cloud to help Oracle beat 'modest' expectations
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