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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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August 21, 2014
16:08 EDTCRMSalesforce.com raises FY15 adjusted EPS view to 50c-52c from 49c-51c
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16:06 EDTCRMSalesforce.com sees Q3 adjusted EPS 12c-13c, consensus 13c
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16:05 EDTCRMSalesforce.com reports Q2 adjusted EPS 13c, consensus 12c
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15:15 EDTCRMNotable companies reporting after market close
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13:45 EDTCRM Earnings Preview: Analysts positive on Salesforce.com ahead of Q2 earnings
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13:40 EDTCRMSalesforce.com technical comments ahead of earnings
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12:30 EDTMSFTMicrosoft plans to unveil Windows 9 on September 30, The Verge reports
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11:44 EDTMSFTHP hits 52-week high after solid revenue growth, positive analyst commentary
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10:34 EDTCRMOptions Update; August 21, 2014
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09:52 EDTCRMSalesforce.com August weekly 54.5 straddle priced for 5.9% move into Q2
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09:04 EDTMSFTMicrosoft and TracFone announce collaboration
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August 20, 2014
08:17 EDTCRMSalesforce.com appears poised to report good Q2 results, says Oppenheimer
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07:58 EDTMSFTBallmer stepping down a positive for Microsoft, says FBR Capital
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06:36 EDTMSFTIliad speaks to Google, Microsoft regarding T-Mobile offer, NY Post says
After Iliad's (ILIAF) surprise bid for T-Mobile (TMUS) was rejected, the firm is now in contact with , personnel at Google (GOOG) and Microsoft (MSFT) about working together to come up with a larger offer for the company, according to the New York Post, citing a "well-placed" source. Reference Link
August 19, 2014
17:14 EDTMSFTOn The Fly: Closing Wrap
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14:12 EDTMSFTBallmer steps down from Microsoft board, sees holding shares
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11:25 EDTMSFTHTC unveils the HTC One for Windows
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08:05 EDTCRMSalesforce.com Q2 results expected to be uneventful, says UBS
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07:40 EDTCRMSalesforce.com August weekly volatility increases into Q2 and outlook
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05:29 EDTSAPSAP invests $500M in Africa
SAP announced a seven-year plan to up-skill local African talent and drive sustainable innovation and growth in Africa. With more than 1,300 customers across the continent, SAP is already enabling African businesses and governments of all sizes to grow, scale and globalize, as well as make the transition to a networked, technology-driven innovative economy. As part of this commitment, SAP Africa is now taking responsibility for SAP operations across 51 African countries, including Morocco, Algeria and Tunisia and Mauritania.With the vision of helping make Africa run better and improve the lives of Africans, SAP plans to invest up to $500M through 2020 as it continues to build on the region's impressive double-digit growth rate momentum. The goal is to establish the African region as one of the company's top-five growth markets globally. Much of the direct investment will be outside South Africa, where SAP already has a solid footprint.
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