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Stock Market & Financial Investment News

News Breaks
June 17, 2014
14:23 EDTNCR, MCRS, PAY, DBD, ORCLPayment system makers rise after report of imminent MICROS takeover
Shares of companies that sell retail payments systems and point-of-sale hardware are rising after Bloomberg reported that Oracle (ORCL) is nearing a deal to acquire one of the companies in the sector, MICROS (MCRS). WHAT'S NEW: Oracle is close to acquiring MICROS, which makes payment systems, for over $5B, Bloomberg reported earlier today, citing unnamed sources. MICROS sells payment systems, including cash registers, to companies in the retail, restaurant, and hospitality sectors. Its stock was trading this afternoon at a market capitalization of slightly less than $5B, according to Yahoo Finance data. OTHERS TO WATCH: NCR (NCR), Diebold (DBD) and VeriFone (PAY), which provide solutions and services for retail and hospitality clients, are rising in the wake of Bloomberg's report about MICROS. PRICE ACTION: In mid-afternoon trading, MICROS surged 15% to $66.50, NCR climbed 3% to $33.50, VeriFone gained 1.5% to $37.50 and Diebold advanced 1.6% to $39.
News For MCRS;ORCL;PAY;NCR;DBD From The Last 14 Days
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July 30, 2015
06:13 EDTNCRNCR likely to end auction after Thoma Bravo deal falls through, NY Post reports
Thoma Bravo has ended its $9B pursuit of NCR, the New York Post reports, citing a source with direct knowledge of the situation. The two sides could not agree on a final price, the report says. NCR is expected to end the auction altogether, the report adds. Reference Link
05:29 EDTORCLOracle upgraded to Buy from Hold at Jefferies
Jefferies analysts John DiFucci and Brad Zelnick upgraded Oracle to Buy and raised their price target for shares to $50 from $41. The software giant closed yesterday up 52c to $39.80. The 12c/Exadata product cycle will keep Oracle relevant in the Cloud, the analysts tell investors in a research note. Further, alternative database technologies like Hadoop and NoSQL "are not a death knell," they write. The analysts believe that some enterprises will continue to require on-premise solutions.
July 29, 2015
05:55 EDTNCRStocks with implied volatility movement; NCR GM
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July 28, 2015
16:19 EDTNCRNCR Corp. sees Q3 revenue $1.63B-$1.65B, consensus $1.67B
Revenue includes an expected 6% unfavorable foreign currency impact. Additionally, the Company expects non-pension operating income to be in the range of $210 million to $220 million, compared to $204 million in the third quarter of 2014, and income from operations to be in the range of $158 million to $168 million, compared to $41 million in the third quarter of 2014. The unfavorable foreign currency impact on NPOI is expected to be approximately $17 million in the third quarter of 2015. NCR expects its third quarter 2015 effective income tax rate to be approximately 23% and other expense, net including interest expense to be approximately $55 million.
16:18 EDTNCRNCR Corp. raises FY15 free cash flow view to $350M-$400M from $325M-$375M
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16:17 EDTNCRNCR Corp. backs FY15 adjusted EPS view $2.60-$2.80, consensus $2.65
Backs FY15 revenue $6.525B-$6.675B, consensus $6.54B.
16:16 EDTNCRNCR Corp. reports Q2 adjusted EPS 66c, consensus 59c
Reports Q2 revenue $1.6B, consensus $1.62B.
05:41 EDTORCLOracle FLEXCUBE selected by Maitland Group to deliver transfer agency services
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July 27, 2015
11:01 EDTORCLFederal Court increase damages amount Oracle can seek against Rimini Street
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06:58 EDTORCLOracle using 'nuclear option' to sell its cloud products, Business Insider says
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July 24, 2015
11:03 EDTNCRNCR Corp. volatility elevated into Q2 and outlook
NCR Corp. August call option implied volatility is at 48, September is at 38, October is at 29; compared to its 52-week range of 24 to 48, suggesting large near term price movement into the expected release of Q2 results on July 28.
09:55 EDTNCRKKR enters bidding process for NCR, CNBC's Faber reports
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09:51 EDTNCRKKR enters NCR Corp. bidding process, CNBC's Faber says
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08:52 EDTNCRNCR buyout chances are just 50/50, NY Post says
A Thoma Bravo-led group has bid $9B-$10B for NCR Corp., but the chances of a deal closing are just 50/50, Josh Kosman of the New York Post reports, citing a source close to the situation. NCR wants a higher price despite likely only receiving one buyout offer, Kosman adds. Reference Link
July 23, 2015
06:32 EDTORCLOracle requests permission to update suit against Google, Reuters reports
Oracle (ORCL) has requested permission from a U.S. judge to update its copyright lawsuit against Google (GOOG) to include the Android operating system's current market dominance, Reuters reports. Oracle has said it wants the suit to add that Google continues its copyright infringement through updated versions of Android, the report says. Reference Link
July 21, 2015
14:24 EDTORCLEarnings Watch: EMC reports amid M&A speculation in sector
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07:15 EDTORCLOracle management to meet with Deutsche Bank
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July 20, 2015
14:41 EDTNCRThoma Bravo, Blackstone competing for NCR with final bids due, dealReporter says
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13:18 EDTNCROptions with increasing call volume
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07:07 EDTORCLOracle management to meet with Deutsche Bank
Meetings to be held in Montreal/Toronto on July 20 hosted by Deutsche Bank.
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