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Stock Market & Financial Investment News

News Breaks
June 19, 2014
14:53 EDTORCL, MCRSEarnings 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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September 14, 2014
20:25 EDTORCLOracle buys Front Porch Digital, terms undisclosed
Oracle announced that it has signed an agreement to acquire Front Porch Digital, a provider of content storage management solutions that help companies migrate, manage and monetize large-scale media assets. Front Porch Digital's big data technologies help enterprises easily handle their rapidly expanding and complex volumes of digital media content, such as high definition films and TV shows, medical images and records, and real-time security monitoring feeds. More than 550 organizations worldwide rely on Front Porch Digital across multiple industries to ensure the availability and accessibility of their valuable content, including A&E Television, BBC, Discovery Communications, U.S. Library of Congress and NASCAR. In total, Front Porch Digital helps manage over 750 petabytes of digital content. Together, Oracle and Front Porch Digital will help organizations more effectively and efficiently manage the growing complexities associated with the migration, integration, storage, and delivery of rich media content.
September 12, 2014
15:31 EDTORCLOracle September volatility elevated into Q1 and outlook
Oracle September call option implied volatility is at 31, October is at 18, December is at 19; compared to its 26-week average of 23 according to Track Data suggesting large near term price movement into the expected release of Q1 results after the close on September 18.
September 11, 2014
11:17 EDTORCLEMC seen as potential target after said to mull VMware stake sale
EMC (EMC) is considering selling its 80% stake in cloud computing infrastructure provider VMware (VMW), The New York Post reported today, citing unnamed sources. Calling The New York Post "surprisingly accurate" on M&A news, UBS said the likelihood of change at EMC has increased and it has become a potential takeover target. WHAT'S NEW: EMC is exploring the possibility of selling its stake in VMware, which could be acquired by HP (HPQ), according to one source, The Post reported. EMC could also look to sell other assets, the newspaper quoted a second unnamed source as saying. ANALYST REACTION: UBS analyst Steven Milunovich wrote that he is more convinced in the wake of the Post story that "something is up" at EMC. Although EMC has denied in the past that it would consider selling or spinning off VMware, the company could change its tune, the analyst stated. HP could buy VMware or all of EMC, while Oracle (ORCL) and Cisco (CSCO) are also potential buyers of EMC, Milunovich believes.The analyst kept a $33 price target and Buy rating on shares of EMC. WHAT'S NOTABLE: Activist investor Elliott Management, a hedge fund, has taken a $1B stake in EMC and wants the company to spin off VMware, The Wall Street Journal reported in July. Early last month, research firm FBR Capital wrote that an EMC spin-off of VMware could enhance shareholder value for both companies and make VMware a top acquisition candidate by a larger technology company. The firm kept an Outperform rating on EMC at that time. PRICE ACTION: In late morning trading, EMC was little changed at $29.50, down from its earlier high of $29.89. VMware fell 0.7% to $96.75, down from its earlier daily high of $97.86.
10:30 EDTORCLUBS sees increasing likelihood of change at EMC
UBS calls the New York Post "surprisingly accurate on M&A" after the paper reported that EMC (EMC) is considering the sale of its stake in VMware (VMW). The firm believes the likelihood for change at the company is rising. In addition, UBS says the industry should consolidate, and it views EMC as a potential target. UBS thinks Cisco (CSCO), Oracle (ORCL) and HP (HPQ) might be interested parties in owning part or all of EMC. The firm believes an HP, EMC merger would make sense. UBS has a Buy rating on EMC with a $33 price target.
September 10, 2014
10:51 EDTORCLOracle September volatility elevated into Q1 and outlook
Oracle September call option implied volatility is at 28, October is at 18, December is at 19; compared to its 26-week average of 23 according to Track Data suggesting large near term price movement into the expected release of Q1 results after the close on September 18.
07:23 EDTORCLOracle coverage assumed with a Neutral at MKM Partners
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September 9, 2014
07:17 EDTORCLThe Wireless Association to hold a conference
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September 4, 2014
09:10 EDTORCLBarclays' top ideas in U.S. Software for 2H 2014
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September 3, 2014
13:03 EDTORCLConcur advances after report says acquisition being explored
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09:15 EDTORCLOn The Fly: Pre-market Movers
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07:48 EDTORCLConcur a highly desirable M&A target, says UBS
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September 2, 2014
16:33 EDTORCLConcur explores sale, talks to SAP and Oracle, Bloomberg says
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