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Stock Market & Financial Investment News

News For NYX;ICE;ELOQ;ORCL;ARRS;GOOG;RAD;KMX;FOLD;MDRX From The Last 14 Days
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October 1, 2014
13:03 EDTGOOGGoogle cuts Compute Engine prices 10%, TechCrunch reports
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09:05 EDTGOOGMondelez signs agreement with Google focusing on online video
Mondelez International (MDLZ) announced has signed a global agreement with Google (GOOG), focusing on online video. This is part of the company's strategy to invest more of its media spending in digital and, in particular, online video. Globally, the company has committed to shifting 10% of its ad budgets to online video in 2014.
08:35 EDTORCLOracle business seems to be accelerating, says Pacific Crest
After meeting with Oracle's channel partners, Pacific Crest says that the partners were more upbeat than in past years. The firm says that Oracle's business seems to be accelerating, and the firm keeps a $45 price target and Outperform rating on the shares.
08:05 EDTMDRXAllscripts management to meet with Deutsche Bank
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07:32 EDTORCLOracle CEO sees winning in cloud, explains pass on TIBCO, CNBC reports
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06:55 EDTGOOGGerman regulator demands Google change user info handling, Bloomberg says
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06:21 EDTGOOGOtter Media names Virasb Vahidi as CEO
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06:03 EDTICEIntercontinentalExchange completes 1st phase of transition to ICE Futures Europe
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September 30, 2014
14:04 EDTORCLInfosys extends its relationship with Oracle
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13:18 EDTGOOGTwitter to launch new app development platform, The Information reports
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11:29 EDTGOOGGoogle could be interested in eBay after spinoff, says Pacific Crest
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11:10 EDTRADWalgreen slightly lower as pharmacy margin pressure continues
Shares of retail drugstore chain Walgreen (WAG) are down slightly after the company noted that it booked a non-cash loss of $866M in the fourth quarter and that it is continuing to endure pharmacy margin pressure. WHAT'S NEW: Walgreen reported Q4 adjusted EPS of 74c, which matched analysts' consensus. The company's Q4 revenue was $19.06B, which was only slightly higher than analysts $19.02B consensus. Customer traffic in Q4 comparable stores decreased 2.2% and basket size increased 3.5%, while total sales in comparable stores increased 5.4%. Walgreen said the quarter was negatively impacted by an $866M, or 90c per share, non-cash loss because it decided to exercise its option to buy the remaining stake in Alliance Boots early. In regards to its partnership with Alliance Boots, Walgreen said that it anticipates synergies of $650M in fiscal year 2015. Walgreen noted that it is moving forward with the implementation of its previously announced cost-reduction initiatives to achieve $1B in savings by the end of fiscal year 2017. The drugstore chain said that it will continue to work through pharmacy margin pressure. WHAT'S NOTABLE: During the company's conference call, Walgreen said that its generic drug inflation will be with the company "for awhile." The drugstore chain noted that inflation was the main headwind to pharmacy margins during the quarter. To combat this, Walgreen said it aims to focus on contracting strategy and will cut pharmacy costs by upping efficiencies. In terms of FY15, Walgreen said its tailwinds included an aging population, growth and chronic donations, new generics and consumerization of healthcare. The company says some headwinds during the quarter included reimbursement pressure, generic drug inflation, Medicare Part D Rate Step Down and the cautious consumer. The company anticipates closing the Alliance Boots partnership in calendar year 2015, as it works towards regulatory approvals and shareholder vote. Walgreen is looking to open an additional 1,000 stores to well-experience formats and foresees FY15 capital expenditures of $1.7B. First quarter interest expense is anticipated to be comparable to Q4 and Q1 tax rate of 30%. The company said that there won't be a material change in free cash flow in 2015. In August, Walgreen forecast fiscal year 2016 EPS of $4.25-$4.60 on revenue of $126B-$130B. At that time, Walgreen said the decision to buy the rest of Alliance Boots would not be an inversion transaction. The company previously said Timothy McLevish would succeed Wade Miquelon as executive vice president and Chief Financial Officer. PRICE ACTION: During morning trading, Walgreen fell 24c or 0.4%, to $59.36. Since its last earnings report, shares of the retail drugstore chain are down around 20%. OTHERS TO WATCH: Peers of Walgreen include Rite Aid (RAD), which is down 0.4% to $4.93, and CVS Health (CVS), which is relatively flat at $80.08.
08:05 EDTGOOGeBay could be worth $62/share on sum-of-the-parts, says Piper Jaffray
Piper Jaffray says it still estimates the total valuation of eBay's two divisions at around $62 per share on a sum-of-the-parts basis. Piper believes Marketplace could be more attractive as an acquisition candidate post separation, which it notes investors have been thinking about since the Alibaba (BABA) IPO. The firm thinks competition from Apple Pay (AAPL) and Google Wallet (GOOG) will likely add some uncertainty to PayPal’s standalone valuation. Piper has a Neutral rating on eBay. The stock is up 9% to $57.25 after announcing it will spin off PayPal into a separate publicly traded company.
07:45 EDTGOOGGoogle introducing new mobile ad types, Ad Age reports
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06:56 EDTGOOGGoogle, Netflix hindered from TV review by CRTC, Bloomberg says
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06:04 EDTGOOGGoogle rivals launch 'Focus on the User' site
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September 29, 2014
13:30 EDTGOOGGoogle Capital invests in InnoLight Technology, WSJ reports
Google Capital has made an investment in InnoLight Technology, a Chinese manufacturer of high-speed optical transceivers that are used by computer servers, the Wall Street Journal reports. Google co-led a Series C round totaling $38M with Lightspeed China Partners, the publication says, marking Google Capital's first investment in China. Reference Link
13:15 EDTGOOGGoogle, Adobe announce Creative Cloud for Chromebooks
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11:21 EDTORCLOracle announces Data as a Service for Sales
Oracle (ORCL), at its Oracle Openworld event, announced Oracle Data as a Service for Sales, a new component of the Oracle Data Cloud. In partnership with Dun & Bradstreet (DNB), Oracle DaaS enables organizations to use trusted B2B company data, including reference, social and competitive profile information, to create new business opportunities, the company stated. Oracle also introduced Oracle Business Intelligence Cloud Service, a part of Oracle Analytics Cloud, which helps speed and improve decision-making by lowering the barrier to entry for users providing secure, comprehensive information access with the cloud. Additionally, at JavaOne 2014, Oracle highlighted key updates to the Java EE platform, including upcoming features in Java EE 8, and introduced Oracle Java ME Embedded 8.1, which expands the availability of Oracle Java ME Embedded to new platforms and opens new opportunities in the embedded and IoT market. Oracle also introduced the latest version of GlassFish Server Open Source Edition 4.1.
09:38 EDTGOOGGoogle unveils new mobile-focused display ad formats
Google says on its blog that "We’re excited to announce that over the coming months we will launch several mobile display ad formats and tools across the Google Display Network, the AdMob Network and DoubleClick that will make it easier for advertisers to build successful ads that work across screens." Reference Link
09:08 EDTGOOGTremor Video partners with programmatic demand partners
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09:00 EDTGOOGGoogle price target raised to $730 from $650 at RBC Capital
RBC Capital increased its price target on Google, as the firm expects the company's core search growth to "remain highly consistent" in the near-term, and it thinks the company has developed three material medium-term growth drivers. It keeps an Outperform rating on the shares.
08:33 EDTORCLMellanox CloudX now supported with Oracle OpenStack for Oracle Linux
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07:25 EDTORCLOracle to hold a conference
Open World 2014 to be held in San Francisco on September 28-October 2.
06:29 EDTGOOGYouTube's Tom Pickett to leave company, WSJ reports
Tom Pickett, Google’s VP for YouTube content, is set to leave the company, the Wall Street Journal reports. Pickett, who was responsible for policy and other initiatives including "YouTube Spaces," will reportedly become the CEO at another company. Reference Link
06:29 EDTGOOGFacebook to challenge Google with ad platform, NY Times says
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05:13 EDTORCLOracle to host analyst meeting
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September 26, 2014
17:26 EDTMDRXHealthCor Management reports 4.0% stake in Allscripts
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16:55 EDTKMXMarket ends week lower after inversion crackdown, mixed data
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11:19 EDTGOOGGoogle adds requirements for Android manufacturers, The Informatoin reports
Google (GOOG) may be adding requirements for dozens of manufacturers including Samsung (SSNLF), Huawei and HTC that want to build devices powered by Android, reports The Information. According to obtained confidential documents, the new requirements may include increasing the number of Google apps that must be pre-installed to as many as 20, placing more Google apps on the home screen and making Google Search more prominent. Reference Link
10:18 EDTKMXOptions with decreasing implied volatility
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06:47 EDTGOOGFAA drone decision could be milestone, NY Times says
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06:39 EDTGOOGMost connected devices have security flaw, NY Times says
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06:13 EDTGOOGGoogle checks show accelerating search spend, says Citigroup
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September 25, 2014
17:09 EDTORCLAlphaOne's Dan Niles sees 'cloud' as negative to Oracle's legacy business
Dan Niles is speaking on CNBC.
10:33 EDTKMXOptions with decreasing implied volatility
Options with decreasing implied volatility: VHC RPRX SFLY VNET YHOO RHT KMX BBBY CCL ACN
09:56 EDTKMXCarMax promotes Shamim Mohammad to Chief Information Officer
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09:00 EDTGOOGGoogle responds to News Corp. criticism in blog post
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08:08 EDTORCLOracle extends partnership with Box
Oracle announced that the company has extended its partnership with Box. Oracle has integrated Oracle Marketing Cloud with Box. The integration is designed to enable marketers to quickly and effectively plan, produce and publish marketing content that builds digital dialogue with customers, improving lead quality and turning advocates into ambassadors, ultimately creating ideal customers for their businesses. The integration gives Oracle Marketing Cloud customers the ability to develop content with commonly used tools such as Microsoft Office products and PDFs and instantly convert these into HTML5, simplifying the creation of effective marketing campaigns. Availability of the new integration features is planned for Spring 2015.
07:31 EDTGOOGBrookings Institution to hold a discussion
The Governance Studies at Brookings hosts an event on the challenges facing cross-border data flows in the digital economy. A panel of experts discuss the possible ramifications on communication, trade and commerce of a fractioned internet to be held in Washington, D.C. on September 25 at 10 am.
06:07 EDTGOOGGlobal tablet sales momentum to slow down in 2015, DigiTimes reports
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06:02 EDTRADStocks with implied volatility movement; RAD WLT
Stocks with implied volatility movement; Rite Aid (RAD) 59, Walter Energy (WLT) 131 according to iVolatility.
September 24, 2014
13:53 EDTORCLOracle is not interested in acquiring EMC, Re/code reports
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11:04 EDTKMX, RADOptions with decreasing implied volatility
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09:34 EDTRADActive equity options trading on open
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09:10 EDTKMXCarMax weakness a buying opportunity, says BofA/Merrill
BofA/Merrill lowered CarMax estimates following the Q2 miss but views the weakness in as a buying opportunity. The firm expects high used car prices to moderate and maintains its Buy rating.
09:08 EDTICEIntercontinentalExchange Trade Vault approved by Ontario Securities Commission
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08:55 EDTGOOGEndurance and Google partner for web presence solutions in Africa and Asia
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07:43 EDTARRSARRIS and Comcast trial ew RDK software in broadband modems
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07:28 EDTGOOGAmazon expanding hardware unit, working on smart home devices, Reuters says
Amazon.com (AMZN) plans to boost its full-time payroll at Lab126, the hardware unit that developed the Kindle and other consumer electronics devices, by at least 27% over the next five years, reported Reuters, citing a government document and people familiar with the matter. The expansion comes as Amazon tests connected-home devices that could compete with those available from or being developed by Google (GOOG) and Apple (AAPL), two people familiar with the Lab's activities said, Reuters noted. Reference Link
07:18 EDTGOOGEU antitrust head says Google must improve search settlement terms, WSJ reports
Joaquín Almunia, the outgoing head of the EU competition department, told European Parliament lawmakers that Google must improve its proposal to settle concerns over its search practices or that it will face formal antitrust charges, even though the commissioner has already acknowledged that a final decision on the case will now fall to his successor, reported The Wall Street Journal. Reference Link
September 23, 2014
16:20 EDTKMXOn The Fly: Closing Wrap
Stocks on Wall Street were lower after the U.S. took new action to clamp down on tax inversion deals and led airstrikes against Islamic State militants in Syria, while Europe reported weaker than expected manufacturing data. ECONOMIC EVENTS: In the U.S., the FHFA's home price index rose 0.1% in July to 212.7, missing expectations for an increase of 0.5%. Markit's preliminary manufacturing Purchasing Managers' Index for September came in at 57.9, slightly below the consensus forecast for a 58.0 reading. In China, HSBC's flash manufacturing PMI rose to 50.5 from a final reading of 50.2 in August, better than expectations. In Europe, Markit's composite flash PMI for the eurozone dipped to a nine-month low of 52.3, missing expectations for it to hold steady with its 52.5 reading for August. COMPANY NEWS: The shares of a number of companies that have announced or been speculated as targets in tax inversion deals fell after the U.S. Treasury last night issued new regulations that will make such deals less attractive. AstraZeneca (AZN), which has previously turned down an offer to be acquired by the U.S.'s Pfizer (PFE), sank $3.54, or 4.74%, to $71.13 despite a Bloomberg report that said Pfizer is still considering pursuing a deal with the U.K. drugmaker. AbbVie (ABBV), which has a deal in progress to acquire Shire (SHPG) and thus move its tax domicile to Ireland, fell $1.15, or 1.96%, to $57.56, while Shire shares slid $5.56, or 2.17%, to $250.74. Medtronic (MDT), which is pursuing its own inversion deal with Covidien (COV), dropped $1.90, or 2.88%, to $64.08. MAJOR MOVERS: Among the notable gainers was Herbalife (HLF), which rose $3.88, or 9.65%, to $44.09, bouncing back from a pullback yesterday that had been attributed to rumors of Carl Icahn selling out of his stake in the company. Also higher was Plug Power (PLUG), which rose 40c, or 9.57%, to $4.58 after the company's CEO gave FY15 revenue guidance that was above the consensus Street view in an interview with the Albany Business Review. Among the noteworthy losers was Ascena Retail (ASNA), which dropped $2.78, or 16.82%, to $13.75 after the apparel retailer's fourth quarter results and fiscal 2015 profit outlook trailed analysts' consensus estimates. Also lower were shares of used car retailer CarMax (KMX), which fell $5.01, or 9.49%, to $47.80 after the company reported sluggish comparable used car sales in its second quarter. INDEXES: The Dow declined 116.81, or 0.68%, to 17,055.87, the Nasdaq dropped 19.00, or 0.42%, to 4,508.69, and the S&P 500 fell 11.52, or 0.58%, to 1,982.77.
16:05 EDTMDRXAllscripts, Citra Health announce partnership
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14:25 EDTARRSARRIS management to meet with Stephens
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12:11 EDTKMXOn The Fly: Midday Wrap
Stocks on Wall Street were mixed and little changed at midday, amid new rules from the Obama administration on tax inversions and manufacturing data from around the globe. ECONOMIC EVENTS: In the U.S., the FHFA's home price index rose 0.1% in July to 212.7, missing expectations for a rise of 0.5%. Markit's preliminary manufacturing Purchasing Managers' Index for September came in at 57.9, slightly below the consensus forecast for a 58.0 reading. The Richmond Fed manufacturing index for September rose to 14, beating expectations for it to have dropped two points to 10. In China, HSBC's flash manufacturing Purchasing Managers' Index rose to 50.5 from a final reading of 50.2 in August, better than expectations. In Europe, Markit's composite flash PMI for the eurozone dipped to a nine-month low of 52.3, missing expectations for it to hold steady at the 52.5 seen in August. COMPANY NEWS: Shares of several companies, including a number in the pharmaceutical industry, are lower in early trading after the Treasury Department announced new regulations yesterday night that aim to make it tougher for U.S. companies to lower their tax burdens via mergers with foreign companies, otherwise known as "inversions." Among the stocks that moved lower after the new rules were announced was Astrazeneca (AZN), which had previously been a target of Pfizer (PFE) and fell about 4% near midday. Also lower were shares of both Shire (SHPG), which fell 2%, and Abbvie (ABBV), which dropped 1.6%, as the two have previously agreed to merge in a tax inversion deal. Medtronic (MDT) and Covidien (COV), which similarly agreed to an inversion merger, were down 3.3% and 2.7%, respectively. MAJOR MOVERS: Among the notable gainers was Salix Pharmaceuticals (SLXP), which rose more than 5% after The Wall Street Journal reported that Allergan (AGN) is in advanced talks on a deal to buy the company. Shares of Allergan were also up nearly 3% near midday, as the Journal also reported that Allergan rejected a recent buyout offer from Actavis (ACT). Among the noteworthy losers was Ascena Retail (ASNA), which dropped 16% after the apparel retailer's fourth quarter results and fiscal 2015 profit outlook trailed analysts' consensus estimates. Also lower following its own earnings report was auto retailer CarMax (KMX), which fell over 9%. INDEXES: Near midday, the Dow was down 32.91, or 0.19%, to 17,139.77, the Nasdaq was up 2.90, or 0.06%, to 4,530.59, and the S&P 500 was down 2.29, or 0.11%, to 1,992.00.
10:59 EDTKMXCarMax slumps after posting sluggish Q2 used unit sales in comparable stores
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10:23 EDTKMXHigh option volume stocks
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09:13 EDTKMXOn The Fly: Pre-market Movers
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07:54 EDTMDRXLeerink to hold a conference
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07:39 EDTKMXCarMax reports Q2 total used unit sales rose 6.3%
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07:37 EDTKMXCarMax sees FY15 CapEx $325M
The company said, "We currently estimate total capital expenditures will be approximately $325M in FY15. We plan to open 13 stores in FY15 and between 10-15 stores in each of the following two fiscal years."
07:36 EDTKMXCarMax reports Q2 EPS 70c, consensus 67c
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07:07 EDTGOOGGoogle planning to build data center in Netherlands, Bloomberg reports
Google will spend over EUR 600M over the next four years to build a data center in the Netherlands, Bloomberg reports. Google will employ about 150 permanent workers at the Eemshaven hub once the job is completed. Reference Linkp
06:56 EDTGOOGGoogle exec to manage Snapchat PR, policy, Re/code says
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06:20 EDTGOOGAlmunia: Google must improve EU settlement or will face charges, WSJ says
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06:00 EDTGOOGFacebook expected to launch new advertising platform, WSJ reports
This week, Facebook (FB) will introduce Atlas, a new advertising platform to improve effectiveness of online ads, the Wall Street Journal reports, citing people familiar with the matter. Atlas is a re-engineered version of the Atlas Advertiser Suite Facebook acquired in 2013 from Microsoft (MSFT). Facebook is looking to challenge Google (GOOG) in the online ad space. Reference Link
September 22, 2014
15:06 EDTKMXNotable companies reporting before tomorrow's open
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12:53 EDTKMXCarMax technical comments ahead of results
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12:50 EDTORCLEMC jumps after reports detail takeover talks
The shares of cloud application provider EMC (EMC) are rising in a down market after Wall Street Journal reported that the company had held talks about selling itself to HP (HPQ) and Dell. WHAT'S NEW: EMC held on-and-off merger talks with HP for almost a year, but those talks have ended, Wall Street Journal reported today. Dell also held talks with EMC about a takeover, the newspaper added. According to a CNBC’s David Faber, the takeover talks between HP and EMC went on for months, but the two sides couldn't agree on a price, as EMC wanted HP to pay a large premium to its stock price. Tiernan Ray of Barron's added today that the takeover talks between the companies could resume, citing a source. WHAT'S NOTABLE: The New York Post reported on September 11 that EMC was considering selling its 80% stake in cloud computing infrastructure provider VMware (VMW). UBS analyst Steven Milunovich responded to The Post's report by writing on the same day that EMC had become a potential takeover target itself. HP, Oracle (ORCL) and Cisco (CSCO) could buy EMC, the analyst wrote. PRICE ACTION: In early afternoon trading, EMC added 1% to $30, while VMware added 1% to $95.
12:26 EDTORCLEMC, HP merger talks could resume, Barron's reports
The merger talks between EMC (EMC) and HP (HPQ) could resume, Tiernan Ray of Barron's reports, citing a source. The companies had discussed HP selling its printer division, but only as "a down the road thing," once a deal was completed, Tiernan added, citing the source. Cisco (CSCO) and Oracle (ORCL) are still considered possible buyers for EMC, the reporter noted. Reference Link
12:14 EDTGOOGTel Aviv in negotiations with Waze to relieve traffic jams, Globes reports
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08:25 EDTKMXCarmax October volatility elevated into Q2 and outlook
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07:57 EDTORCLAnalysts see Catz more likely than Hurd to fill Ellison shoes, Reuters reports
A poll of 12 Wall Street analysts showed that five believe new CEO Safra Catz would be likely to run Oracle if founder and former CEO Larry Ellison steps away for good, compared to only one who voted for fellow CEO Mark Hurd as most likely to replace Ellison, reported Reuters. Reference Link
06:35 EDTGOOGGoogle hurt by new Chinese Internet cracckdown, NY Times says
New restrictions that China has placed on the Internet is making it more difficult for the country's citizens to use the search giant's services, according to The New York Times. Reference Link
06:34 EDTGOOGGoogle selects HTC to make 9-inch Nexus tablet, WSJ reports
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06:11 EDTORCLEMC explores merger, holds talks with HP, Dell, WSJ reports
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September 19, 2014
16:24 EDTORCL, RADStocks rise after Fed keeps pledge for 'considerable time' before rate hike
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16:17 EDTORCLOn The Fly: Closing Wrap
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13:09 EDTORCLOracle made change at top to keep new CEOs, Re/code says
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12:40 EDTORCLOn The Fly: Midday Wrap
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12:00 EDTORCLTIBCO slumps after Q3 earnings miss, weaker than expected Q4 outlook
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11:34 EDTORCLRed Hat falls after Q3 outlook trails consensus
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10:48 EDTORCLOracle tumbles after Q1 earnings miss estimates, Ellison steps aside as CEO
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10:12 EDTGOOGSony expected to launch SmartEyeglass by end of March, The Verge reports
Sony (SNE) is expected to launch SmartEyeglass, a competitor to Google Glass (GOOG), by the end of March, according to The Verge. Reference Link
10:06 EDTORCLOn The Fly: Analyst Downgrade Summary
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09:19 EDTORCLOn The Fly: Pre-market Movers
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07:57 EDTORCLOracle shares still attractive, says Stifel
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07:39 EDTORCLOracle downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded Oracle to Hold following the company's Q1 results citing the deceleration of its core database business. The firm points out database license sales were again negative in the quarter. Deutsche lowered its price target for shares to $42 from $48. The stock is trading down 3% to $40.30 in pre-open trading.
06:43 EDTGOOGYouTube spending more money on original content, Re/code reports
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06:22 EDTGOOGGoogle planning to encrypt phone data in Android, Washington Post reports
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06:16 EDTORCLOracle downgraded to Hold from Buy at Deutsche Bank
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September 18, 2014
18:25 EDTORCLOn The Fly: After Hours Movers
HIGHER: Concur (CNQR), up 19.5% after SAP (SAP) announced that it will acquire the company for $129 per share... Navidea Biopharmaceuticals (NAVB), up 9.8% after confirming FDA orphan designation for Lymphoseek... Molycorp (MCP), up 6.1% after Oaktree Capital reported a 9.1% passive stake in the company... JetBlue (JBLU), up 4.6% following CEO transition announcement... Wendy's (WEN), up 2.15% after Trian reported a 24.39% stake in the company... Sears Holdings (SHLD), up 2.6% after Fairholme Capital reported a 24% stake in the company... AMD (AMD), up 1% after announcing that it expanded an IP partnership with Synopsys (SNPS). DOWN AFTER EARNINGS: Red Hat (RHT), down 3%... Oracle (ORCL), down 2.4% following first quarter earnings miss and CEO transition... Tibco Software (TIBX), down 5.5%. ALSO LOWER: Quest Resource (QRHC), down 13.4% after filing an automatic common stock and warrant shelf... Eagle Rock (EROC), down 4.5% after filing to sell 53.34M common units for limited partners... Chatham Lodging (CLDT), down 3.3% after filing to sell 5M shares of common stock... Glu Mobile (GLUU), down 2.3% after filing to sell 9.98M shares of common stock for holders... Blackstone Mortgage (BXMT), down 1.6% after filing to sell 8M shares of common stock.
17:23 EDTORCLOracle sees Q2 adjusted EPS 66c-70c, consensus 74c
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16:07 EDTORCLOracle says rolling out database cloud service next week
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16:06 EDTORCLOracle reports Q1 Software plus Cloud revenue up 6% to $6.6B
Oracle reports Q1 total Software plus Cloud revenue was up 6% to $6.6B. Software-as-a-service and Platform-as-a-service cloud revenue was up 32% to $337M. Infrastructure-as-a-service cloud revenue was up 26% to $138M. Hardware systems revenue was down 8% to $1.2B. Reports Q1 non-GAAP operating margin was 44%.
16:04 EDTORCLOracle adds $13B to buyback authorization
Oracle announced that its Board of Directors authorized the repurchase of up to an additional $13.0B of common stock under its existing share repurchase program in future quarters. Oracle's Board also declared a quarterly cash dividend of 12c per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on October 8, with a payment date of October 29.
16:03 EDTORCLOracle adds $13B to buyback authorization
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16:02 EDTORCLOracle drops 3.7% after earnings miss, Ellison steps down as CEO
16:02 EDTORCLOracle reports Q1 adjusted EPS 62c, consensus 64c
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16:01 EDTORCLOracle CEO Larry Ellison steps down from post, named executive chair, CTO
Oracle's Board of Directors announced that it has elected Larry Ellison to the position of Executive Chairman of Oracle's Board and appointed him the company's Chief Technology Officer. Jeff Henley, who has served as Oracle's Chairman for the last 10 years, was appointed Oracle's Vice Chairman of the Board. The Oracle Board also promoted both Safra Catz and Mark Hurd to the position of CEO, Oracle Corporation. All manufacturing, finance, and legal functions will continue to report to Oracle CEO, Safra Catz. All sales, service and vertical industry global business units will continue to report to Oracle CEO, Mark Hurd. All software and hardware engineering functions will continue to report to Oracle Chairman and CTO, Larry Ellison.
16:00 EDTORCLOracle CEO Larry Ellison steps down from post, named executive chair, CTO
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16:00 EDTRADOptions Update; September 18, 2014
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15:47 EDTGOOGHimax may be back in with Google, buy shares, says Northland
Northland said Google (GOOG) has finished testing the Samsung OLED displays and have determined they are not bright enough. The analyst believes Google will go back to Himax (HIMX). Google has the option to invest in HIMX by October 21, which the firm believes they will do if they go back to them for displays. Norhtland recommends buying shares aggressively into an expected strong September quarter.
15:44 EDTGOOGHimax may be back in with Google, says Northland
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15:15 EDTORCLNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Oracle (ORCL), consensus 64c; Red Hat (RHT), consensus 38c; TIBCO Software (TIBX), consensus 18c.
14:58 EDTORCLOracle September 41.5 straddle priced for 3.4% move into Q1
14:54 EDTORCLOracle technical comments ahead of results
In the past three months the stock has underperformed, falling by over 3%. The trading in shares has been relatively volatile, but within a narrow range largely contained by $40 at the low and $42 at the high. If the news is stronger than expected, particularly where outlook is concerned, there could be a run to the 52-week high at $43.19. That high is very close to the life highs for the shares at $46.18. We could see a range open up between the 52-week high and the life high if news exceeds expectations. If the news fails to meet investor expectations, a test down to the $40 area would appear very likely. A break below $40 would see next support at $38.34 and then at $37.08. The stock can be volatile around earnings, but gaps tend to be relatively small unless estimates are broken in extreme fashion, in either direction.
13:57 EDTGOOGGoogle mulls new R&D unit focused on longer term projects, The Information says
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12:58 EDTORCLEarnings Preview: Morgan Stanley views Oracle's Q1, Q2 estimates as 'achievable'
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12:45 EDTRADOn The Fly: Midday Wrap
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11:55 EDTRADRite Aid falls as drugstore chain trims FY15 view
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10:58 EDTKMXCarmax October volatility elevated into Q2 and revenue outlook
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10:27 EDTRADOptions with decreasing implied volatility
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09:36 EDTRADActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL YHOO TWTR VVUS RAD PWE WFM TSLA PIR SHLD
09:15 EDTRADRite Aid remains 'optimistic' about FY16
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09:02 EDTRADRite Aid sees current competitive enviornment to remain promotional in FY15
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08:59 EDTRADOn The Fly: Pre-market Movers
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08:58 EDTGOOGGoogle October volatility flat on tight three-month price range
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07:26 EDTGOOGGartner: Smartwatch market ready to expand, poised for takeoff, DigiTimes says
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07:18 EDTGOOGSupply chains expect component orders from Motorola through 2014, DigiTimes says
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07:04 EDTRADRite Aid cuts FY15 EPS view to 22c-33c, consensus 34c
Based upon current estimates for reimbursement rates and anticipated lower profitability from new generics and generic drugs that recently lost exclusivity, the company is expecting decreases in pharmacy margin in the second half of Fiscal 2015 as compared to its prior estimates and therefore is lowering its guidance for Adjusted EBITDA, net income and net income per diluted share. Previous EPS view was 30c-40c. Cuts FY15 high end of revenue view to $26B-$26.3B from $26B-$26.5B, consensus $26.29B. Now sees FY SSS up 3%-4% over FY14. Sees FY CapEx $525M. Sees adjusted EBITDA $1.2B-$1.275B.
07:02 EDTRADRite Aid reports Q2 EPS 13c, consensus 6c
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September 17, 2014
17:48 EDTGOOGNews Corp opposed Google EC settlement offer
Early last week, in a letter to European Commissioner for Competition Joaquín Almunia, News Corp (NWS, NWSA) CEO Robert Thomson opposed Google’s (GOOG) settlement offer with the European Commission, or EC, saying the internet giant is “willing to exploit its dominant market position to stifle competition.” Thomson said News Corp also opposed the proposed five year term of a settlement, noting that “five years is an eternity in internet time.” Citing Google’s “egregious aggregation” of content, Mr. Thomson said that, along with serious commercial damage, there is a “profound social cost” to Google’s actions. “The internet should be a canvas for freedom of expression and for high quality content of enduring value. Undermining the basic business model of professional content creators will lead to a less informed, more vexatious level of dialogue in our society.” "Your decision to reconsider Google's settlement offer comes at a crucial moment in the history of the free flow of information and of a healthy media in Europe and beyond," Mr. Thomson wrote.
15:18 EDTRADNotable companies reporting before tomorrow's open
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10:04 EDTGOOGDiscover rumored to be eyed as target by Apple, Bank Innovation says
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06:19 EDTGOOGGoogle picks former Qualcomm exec to head Google Fiber, WSJ reports
Google (GOOG) has hired Dennis Kish, a former Qualcomm (QCOM) executive, to head Google Fiber, replacing Milo Medin, the Wall Street Journal reports. A Google spokeswoman confirms that Medin remains a VP for access services and adviser to the Google Fiber team. Reference Link
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