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Stock Market & Financial Investment News

News Breaks
June 20, 2014
11:28 EDTCRM, CA, SAP, MSFT, ORCLOracle falls after fourth quarter results miss estimates
Shares of enterprise software provider Oracle (ORCL) are sinking after the company’s fourth quarter results trailed analysts’ consensus estimates. WHAT'S NEW: Last night, Oracle reported Q4 adjusted earnings per share of 92c and revenue of $11.3B, trailing the consensus views of 95c and $11.48B, respectively. The company’s Q4 new software licenses remained unchanged at $3.8B. WHAT’S NOTABLE: Oracle forecast Q1 adjusted EPS of 62c-66c, compared to the consensus of 64c. Q1 revenue growth was expected to be 4%-6% versus a consensus of $8.78B. Oracle also forecast the following for Q1: New software license and cloud revenue growth of 6%-8% in U.S. dollars; Saas & PaaS growth of 25%-35% in U.S. dollars; IaaS growth of 10%-20% in U.S. dollars; Hardware system revenues on a GAAP and non-GAAP basis, which includes hardware systems products and hardware systems support, is expected to be between negative one and positive three in U.S. dollars. ANALYST REACTION: This morning, analyst commentary was mixed. Citigroup downgraded Oracle to Neutral from Buy citing weak license growth and "relatively aggressive" Q1 targets following the company's Q4 results. Citi lowered its price target for shares to $41 from $44 and said it would rather own SAP (SAP). Conversely, research firm Stifel said Oracle was still poised to grow in the mid-single digit range. Stifel thinks the company is seeing healthy gains across its SaaS/PaaS/IaaS cloud assets. The firm thinks this a healthy trend for the long-term, and predicts that the company can sustain mid-single digit growth and strong free cash flow in coming years. The firm finds the stock's valuation attractive and kept a Buy rating on the shares. PRICE ACTION: In late morning trading, Oracle fell $2.41, or about 5.67%, to $40.10 on almost triple its average daily trading volume. Despite today’s pull back, the stock has gained approximately 20% over the past twelve months. OTHERS TO WATCH: Other companies in the software space include SAP (SAP), Salesforce.com (CRM), Microsoft (MSFT), and CA, Inc. (CA).
News For ORCL;SAP;CRM;MSFT;CA From The Last 14 Days
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January 21, 2015
16:58 EDTORCLOracle introduces Virtual Compute Appliance, Bloomberg reports
Oracle's (ORCL) Ellison says Virtual Compute Appliance is half the price of equivalent Cisco (CSCO) hardware, added Bloomberg, citing comments from an event at Oracle headquarters.
16:35 EDTCAOn The Fly: Closing Wrap
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15:18 EDTMSFTMicrosoft unveils holographic goggle prototype, Wired reports
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13:03 EDTCACA Technologies trades sharply lower post-earnings, levels to watch
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12:31 EDTMSFTMicrosoft Cortana to be available on Windows 10 computers, Business Insider says
Microsoft (MSFT) announced at its Windows 10 event that Cortana, its rival to Apple's (AAPL) Siri personal assistant, will be available for the desktop in Windows 10, Business Insider reports, adding that Cortana will be available across smartphones, PCs and tablets. Reference Link
12:22 EDTMSFTMicrosoft says Windows 8, Windows 7 customers to get free upgrade to Windows 10
This comment was made at the Microsoft Windows 10 Briefing. Reference Link
10:06 EDTMSFTMicrosoft set to test key support, levels to watch
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09:19 EDTSAPSAP shares should be bought on weakness, says JMP Securities
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08:09 EDTMSFTDTS to enhance Starz audio technology on Microsoft's Xbox One
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08:07 EDTSAPSAP price target lowered to $75 from $87 at Argus
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07:46 EDTORCLOracle management to meet with UBS
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January 20, 2015
16:09 EDTCACA Technologies sees FY15 EPS $2.45-2.52, consensus $2.44
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16:06 EDTCACA Technologies reports Q3 EPS 67c, consensus 60c
Reports Q3 revenue $1.09B, consensus $1.09B.
15:21 EDTCANotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include IBM (IBM), consensus $5.41; Netflix (NFLX), consensus 45c; CA Technologies (CA), consensus 60c; Cree (CREE), consensus 22c; Woodward (WWD), consensus 46c; Fulton Financial (FULT), consensus 21c; Advanced Micro Devices (AMD), consensus 1c; Interactive Brokers (IBKR), consensus 6c; Pinnacle Financial (PNFP), consensus 53c.
11:08 EDTMSFTMicrosoft acquires Equivio, terms not disclosed
Rajesh Jha, Microsoft's Corporate VP, Outlook and Office 365, announced on the company's blog that Microsoft has acquired Equivio, a provider of machine learning technologies for eDiscovery and information governance. Jha explains, "We are making this acquisition to help our customers tackle the legal and compliance challenges inherent in managing large quantities of email and documents." Reference Link
09:39 EDTMSFTMicrosoft Outlook in China hacked by government censorship department, CNBC says
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09:11 EDTSAPOn The Fly: Pre-market Movers
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08:36 EDTORCLOracle management to meet with UBS
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07:15 EDTCRM, SAPSAP not interested in buying competitors Workday, Salesforce, Bloomberg reports
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05:25 EDTSAPSAP reports preliminary Q4 non-IFRS EPS EUR 1.31 vs. EUR 1.28 last year
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