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Stock Market & Financial Investment News

News Breaks
June 19, 2014
14:53 EDTMCRS, ORCLEarnings Preview: Oracle reports amid rumor of Micros deal
Oracle (ORCL) is expected to report fourth quarter earnings after the bell on Thursday, June 19, with a conference call scheduled for 5:00 pm ET. Oracle provides software, hardware and IT services to business customers. EXPECTATIONS: Analysts are looking for earnings per share of 95c on revenue of $11.48B. The consensus range is 93c-97c for EPS and $11.36B-$11.62B for revenue, according to First Call. During its last earnings conference call, Oracle said it expects Q4 adjusted EPS to be between 92c-99c. At that time the company also projected its Q4 revenue to grow 3%-7% in constant currency terms compared to the prior year. Oracle noted that it expects its new software licenses and cloud software subscriptions revenues to be flat to up 10% in Q4. LAST QUARTER: The company reported Q3 adjusted EPS of 68c, which missed the consensus expectation of 70c. Oracle's revenue of $9.3B also missed the $9.36B consensus projection. Oracle reported that foreign exchange issued impacted its results, stating that excluding the impact of the U.S. dollar strengthening compared to foreign currencies and excluding Venezuela's exchange loss impact on both reporting periods, Oracle's reported Q3 adjusted EPS would have been 71c and its total revenues also would have been up 6% compared to the prior year period. NEWS: Bloomberg reported on June 17, citing people familiar with the matter, that Oracle is in exclusive talks to buy Micros Systems (MCRS) for over $5B. MICROS sells payment systems, including cash registers, and related software to companies in the retail, restaurant, and hospitality sectors. STREET RESEARCH: On May 2, Oracle was upgraded to Buy from Hold at Societe Generale, which cited the stock's valuation and potential upside related to the upgrade cycle in the database business. The firm raised its price target for shares to $47 from $38 at that time. Three days later, Bernstein upgraded Oracle to Outperform from Market Perform based on improving competitive dynamics and organic innovation. The firm raised its price target on the stock to $49 from $40. On the morning of June 17, Canaccord raised its price target on Oracle to $48 from $43 to reflect the company's continued execution, its M&A strategy, and channel checks that revealed no near term risks. Later the same day, after Bloomberg's report on Oracle's talks to buy Micros, analysts at UBS noted that Oracle bought retail software maker Retek in 2005 and said that buying a retail point of sale vendor to build on that unit may make sense. However, UBS believes other potential deals, especially in the Cloud space, would be a higher priority than MICROS for Oracle. The firm kept its Buy rating and $42 price target on Oracle. PRICE ACTION: In afternoon trading, Oracle shares are down about 0.7% to $42.51. Since the day after its last quarterly report, Oracle shares have advanced about 10%.
News For ORCL;MCRS From The Last 14 Days
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March 18, 2015
07:42 EDTORCLOracle remains a favorite large-cap value stock, says Canaccord
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07:25 EDTORCLOracle sentiment should improve following Q3 results, says UBS
UBS noted Oracle reported solid Q3 results, including growth in cloud, infrastructure, and hardware. The results came despite foreign exchange headwinds and the firm now sees investor sentiment improving, resulting in a higher share price. UBS reiterated its Buy rating and raised its price target to $48 from $47 on Oracle shares.
07:01 EDTORCLOracle reported solid results, executing well, says Cantor
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06:04 EDTORCLOracle implied volatility of 30 at upper end of index
March 17, 2015
19:42 EDTORCLOn The Fly: After Hours Movers
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17:32 EDTORCLOracle says cloud bookings now growing 100% per year
17:30 EDTORCLOracle says will outsell Salesforce.com in new SaaS, PaaS business this year
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17:24 EDTORCLOracle says growing faster than Salesforce.com
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17:18 EDTORCLOracle sees Q4 EPS in constant currency 90c-96c, consensus 94c
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17:06 EDTORCLOracle up 3.38% after reporting Q3 financial results
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17:05 EDTORCLOracle Q3 Software and Cloud revenue up 7% in constant currency
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16:09 EDTORCLOracle says total Cloud SaaS, PaaS and IaaS revenues were up 33%
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16:05 EDTORCLOracle raises quarterly dividend 25% to 15c per share
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16:03 EDTORCLOracle says Q3 Software and Cloud revenues up 1% to $7.2B
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16:02 EDTORCLOracle reports Q3 EPS 68c, consensus 68c
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15:18 EDTORCLNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Oracle (ORCL), consensus 68c... Adobe (ADBE), consensus 39c.
15:03 EDTORCLWipro takes minority stake in Drivestream
Wipro (WIT) and Drivestream announced that they have signed an agreement to enter into a strategic partnership to build an integrated Cloud Solutions stack for customers. As part of this arrangement, Wipro is investing $5M in Drivestream, a leading Oracle (ORCL) cloud applications systems integrator. This is part of Wipro’s strategic drive to actively participate in the external innovation eco-system, for which the company has set up Wipro Ventures, a $100M fund focused on investing in disruptive start-ups.
13:15 EDTORCLOracle March 43.5 straddle priced for 5.1% movement into Q3
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March 16, 2015
12:36 EDTORCLOracle March volatility increases into Q3 and outlook
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07:32 EDTORCLUBM Tech to hold a conference
Enterprise Connect 2015 is being held in Orlando, Florida on March 16-19.
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