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December 20, 2012
13:22 EDTET, MKTG, ELOQ, ORCLExactTarget, Responsys climb after peer acquired by Oracle
ExactTarget (ET) and Responsys (MKTG) are advancing after one of their competitors, Eloqua (ELOQ), was acquired for a large premium by Oracle (ORCL). Oracle announced earlier today that it had agreed to buy Eloqua, which provides software as a service marketing tools, for $23.50 per share, or $871M net of Eloqua's cash. Eloqua's stock closed yesterday at $17.92. Like Eloqua, ExactTarget and Responsys provide software as a service marketing tools. In mid-afternoon trading, ExactTarget rose 6.84% to $20.47, while Responsys advanced 1.70% to $5.99.
News For ET;MKTG;ELOQ;ORCL From The Last 14 Days
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July 29, 2014
07:51 EDTORCLOracle extends expiration date of tender offer for MICROS to August 15
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July 28, 2014
08:49 EDTORCLOracle to benefit over longer term from shift to cloud, says Pacific Crest
Pacific Crest believes that the shift to Oracle's cloud products may result in a drop in the company's maintenance revenue initially. The firm thinks the company will ultimately collect more revenue from its customers, although the margins may decline. Pacific Crest thinks that Oracle is "making solid progress" in the cloud and Big Data. It views the stock's valuation as compelling and keeps an Outperform rating on the shares.
July 25, 2014
06:35 EDTORCLEU poised to decide on Oracle, MICROS agreement, Reuters says
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July 16, 2014
08:08 EDTORCLOracle Social Cloud announces LinkedIn support for SRM platform
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