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Stock Market & Financial Investment News

News Breaks
June 20, 2014
11:28 EDTORCL, SAP, CRM, MSFT, CAOracle 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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July 16, 2014
06:24 EDTMSFTMicrosoft aims to reduce 1K jobs in Finland, Reuters says
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06:14 EDTMSFTABI Research: More than 2B smartphones to ship in 2018, DigiTimes says
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July 15, 2014
12:01 EDTMSFTMicrosoft July weekly volatility elevated into Q4 and outlook
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11:55 EDTMSFTMicrosoft hits a fresh 52-week high, levels to watch
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09:31 EDTMSFTSenate Judiciary Committee to hold a hearing
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09:29 EDTMSFTMicrosoft in talks to buy cybersecurity start-up Aorato, WSJ says
Microsoft is in talks to buy Israel-based cybersecurity start-up Aorato in a deal worth around $200M, according to The Wall Street Journal, citing a person familiar with the matter who noted that the pact could close within the next two months. Reference Link
09:05 EDTMSFTMicrosoft price target raised to $50 from $45 at Nomura
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08:35 EDTMSFTCisco announces multi-year sales, go-to-market agreement with Microsoft
Cisco (CSCO) announced a multi-year sales and go-to-market agreement with Microsoft (MSFT) designed to modernize data centers through the delivery and acceleration of integrated solutions. Cisco and Microsoft will both invest in sales, marketing and engineering resources to drive global alignment, while delivering deeper technology integration across cloud and data center markets. The companies will focus on integrating market leading technologies, including Cisco Unified Computing System, Cisco Nexus switching and Microsoft Cloud OS solutions including Windows Server, System Center, SQL Server and Microsoft Azure.
07:24 EDTMSFTMicrosoft to hold a conference
MSFT Worldwide Partner Conference to be held in Washington, D.C. on July 13-17.
07:23 EDTMSFTFortune to hold a conference
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06:24 EDTMSFTMicrosoft poised to make job reductions, Bloomberg says
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06:06 EDTMSFTElectronic Arts names Ken Moss as Chief Technology Officer
Electronic Arts (EA) announced on its website that it has named Ken Moss as its Chief Technology Officer. As CTO, Ken will lead the organization, strategy and vision for EA’s Digital Platform and Information Technology divisions. Moss comes to EA most recently from eBay (EBAY), where he led the Marketplace Technology, Science and Data global organization. He is a 20-year veteran of Microsoft (MSFT), where he founded and led the engineering and product teams on Search -- which later became Bing -- and played an important role in Microsoft’s transition to large-scale services. Reference Link
July 14, 2014
12:49 EDTORCLOracle hosts an educational webcast
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08:46 EDTMSFTItron selects Microsoft Azure as preferred cloud platform
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08:34 EDTMSFTPC market stability could be short-lived, Reuters says
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07:48 EDTMSFTQuantum computer company D-Wave may come public, FT says
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06:08 EDTMSFTMicrosoft confirms plans to discontinue MapPoint, Streets & Tips
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06:05 EDTMSFTMicrosoft to expand coverage of free Windows licensing, DigiTimes reports
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July 11, 2014
11:57 EDTMSFTMicrosoft acquires InMage, terms not disclosed
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09:37 EDTCRMSalesforce.com agrees to acquire RelateIQ
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