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Stock Market & Financial Investment News

News Breaks
June 20, 2014
11:28 EDTCA, SAP, MSFT, ORCL, CRMOracle 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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August 20, 2015
16:09 EDTCRMSalesforce sees FY16 operating cash flow growth approximately 24%-25% YoY
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16:07 EDTCRMSalesforce raises FY16 adjusted EPS view to 70c-72c from 69c-71c
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16:06 EDTCRMSalesforce sees Q3 adjusted EPS 18c-19c, consensus 18c
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16:05 EDTCRMSalesforce reports Q2 adjusted EPS 19c, consensus 18c
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15:41 EDTCRMSalesforce August 69 straddle priced for 8.1% movement into Q2
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14:42 EDTCRMNotable companies reporting after market close
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14:17 EDTCRMSalesforce technical comments ahead of earnings
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13:31 EDTMSFTMicrosoft could unveil Surface Pro 4 at October event, The Verge reports
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12:32 EDTMSFT, CRMEarnings Watch: Salesforce shares up fractionally since last earnings report
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11:49 EDTORCLOptions with increasing implied volatility
Options with increasing implied volatility: SRPT ACHN VIAV ZG RAD DIS ORCL SPY XLF OEX
09:25 EDTCRMSalesforce August volatility increases into Q2 and outlook
Salesforce August call option implied volatility is at 116, September is at 45; compared to its 52-week range of 25 to 59, suggesting large price movement into the expected release of Q2 results today.
08:32 EDTORCLOracle agrees to acquire Maxymiser
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08:02 EDTMSFTFCC to hold a conference and workshop
2015 Supplier Diversity Conference & Workshop is being held at FCC Washington, D.C. offices on August 20 at 9:30 am. Webcast Link
August 19, 2015
10:51 EDTSAPSAP management to meet with JMP Securities
Meeting to be held in New York on August 26 hosted by JMP Securities.
09:45 EDTMSFTMicrosoft dividend raise likely to be modest, says Citi
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08:01 EDTCRMSalesforce outlook has improved, says Oppenheimer
After conducting checks, Oppenheimer is more confident in Salesforce's business momentum. The firm thinks the company's business performed well at the end of Q2, as it closed a large number of big deals. Oppenheimer is upbeat on the outlook for Wave and says that a Fortune 500 company appears to be planning to increase its spending on the Salesforce1 platform. The firm says that the Fortune 500 company's decision has multiple positive implications for Salesforce. It reiterates an Outperform rating on the shares.
06:45 EDTMSFTMicrosoft in talks to buy Mesophere, The Information reports
Microsoft has made an approach to Mesophere to buy the cloud-computing software startup, The Information reports, citing two sources briefed on the talks. A deal that could be worth about $1B, the report says. Reference Link
06:31 EDTCRMSalesforce commercial business momentum moderating, says Jefferies
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August 18, 2015
10:58 EDTCRMSalesforce August volatility elevated into Q2 and outlook
Salesforce August call option implied volatility is at 96, September is at 44; compared to its 52-week range of 25 to 59, suggesting large price movement into the expected release of Q2 results on Aug 20.
08:01 EDTCRMSalesforce dip post earnings should be bought, says Canaccord
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