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Stock Market & Financial Investment News

News Breaks
June 20, 2014
11:28 EDTMSFT, ORCL, CRM, CA, SAPOracle 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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November 13, 2014
07:12 EDTORCLOracle to hold a meeting
2014 OAGi Plenary Meeting is being held in Redwood City, California on November 13-14.
06:45 EDTMSFTMicrosoft Xbox sales tripled since price cut, CNet reports
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06:20 EDTMSFTAmazon's Web-services chief not threatened by cash threat from rivals, WSJ says
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November 12, 2014
17:22 EDTMSFTMicrosoft says will have sold 10M Xbox One consoles 'shortly'
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17:02 EDTCRMSalesforce.com signs agreement to purchase 50 Fremont Street building
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12:18 EDTSAPConcur to host special shareholder meeting
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07:58 EDTMSFTMicrosoft to hold a conference
Developer Conference is being held in New York on November 12-13 with webcasted discussions will begin on November 12 at 10 am. Reference Link
07:48 EDTMSFTWells Fargo to hold a conference
5th Annual Technology, Media & Telecom Conference is being held in New York on November 12-13.
November 11, 2014
12:09 EDTMSFTRackspace soars after Q3 results top estimates, $500M share buyback plan
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09:56 EDTSAPSAP management to meet with JMP Securities
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06:38 EDTSAPSamsung, SAP announce collaboration plans for mobile devices, wearables
Samsung Electronics (SSNLF) and SAP SE (SAP) announced initial plans to deliver enterprise mobility solutions for a number of industries; once implemented, the plans are expected to help create an enterprise mobility ecosystem based on Samsung mobile devices. The new ecosystem will be designed to build on the popularity and reach of Samsung's mobile innovations and the SAP Mobile Platform. The collaboration of the two companies is expected to create new opportunities for developers to build solutions that can leverage the integrated offering from Samsung and SAP on mobile devices and wearables, as well as to leverage joint cloud solutions based on the SAP HANA Cloud Platform mobile services. Additionally, the plans are anticipated to benefit the retail industry by integrating payments to be made on-to-go, along with helping to shed light on innovative shopping experiences for consumers and retailers alike.
05:59 EDTMSFTMicrosoft unveils first Lumia smartphone without Nokia name
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05:37 EDTSAPSAP, Shell, Volkswagen co-innovate for connected vehicle
SAP (SAP) announced a co-innovation pilot program with Shell (RDS.A, RDS.B) and Volkswagen AG (VLKAY) to investigate how connected vehicles would interact with the world around them. The ongoing pilot in Hannover, Germany, aims to lay the foundations for a range of services including an integrated system for connected fueling. The goal is to deliver drivers a hosted cloud-based solution that saves time and can deliver new, exciting customer offers through connected vehicles that could not be delivered by the three companies individually. The pilot forms the bases of discussion for further collaborations for connected vehicles between the three companies and others.
05:32 EDTSAPHERE map services signs OEM agreement with SAP HANA
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November 10, 2014
16:40 EDTMSFTRackspace says joined Microsoft Cloud OS Network
Rackspace (RAX) said it expanded its Managed Private Cloud product portfolio and joined the Microsoft (MSFT) Cloud OS Network, adding Fanatical Support for the Microsoft Cloud Platform. It stated, "This includes expertise and support for Windows Server with Hyper-V, System Center and Azure Pack. The offering is now in general availability in all U.S. data centers providing customers with SLA-backed management across the underlying infrastructure, guest operating systems, and select applications including Microsoft Exchange, SharePoint and Lync."
15:57 EDTMSFTWorldwide Business Research to hold a conference
ProcureCon for Digital & Marketing Services 2014 is being held in San Antonio on November 11-13.
12:02 EDTSAPUtopia announces global reseller agreement with SAP
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07:54 EDTCRMChecks on Salesforce.com positive, says Oppenheimer
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07:23 EDTMSFTRBC Capital to hold a conference
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07:12 EDTSAP, CACA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.
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