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Stock Market & Financial Investment News

News Breaks
March 18, 2014
13:24 EDTORCL, TIBX, RHT, VMWEarnings Preview: Oracle guidance seen at risk by Morgan Stanley
Oracle (ORCL) is expected to report third quarter earnings after the bell on Tuesday, March 18, with a conference call scheduled for 5:00 pm ET. Oracle provides software, hardware and IT services to business customers. EXPECTATIONS: Analysts are looking for earnings per share of 70c on revenue of $9.36B. The consensus range is 68c-71c for EPS and $9.29B-$9.49B for revenue, according to First Call. During its last earnings conference call, Oracle said it expects Q3 adjusted EPS to be between 68c-72c. At that time the company also projected its Q3 revenue to grow 3%-7% in constant currency terms compared to the prior year, or 2%-6% in terms of U.S. dollars. LAST QUARTER: The company reported Q2 adjusted EPS of 69c, topping the consensus expectation of 67c. Oracle's revenue of $9.27B also beat the $9.19B consensus projection. Oracle reported its Q2 hardware systems products revenues fell 3% from the prior year, that its Q2 non-GAAP new software licenses and cloud software subscriptions revenues declined 1% and that its Q2 license updates and product support revenues grew 6%. NEWS: Throughout this quarter, Oracle made several acquisitions. The largest of those was Oracle's agreement to buy Responsys for $27.00 per share in cash, or approximately $1.5B, net of Responsys' cash. Responsys' offerings are used by businesses to manage and orchestrate marketing interactions with their customers across email, mobile, social, display and the web. On February 6, the deal was completed and Responsys was merged into Oracle. On January 7, Oracle announced that it has agreed to acquire Corente, a provider of software defined networking technology for wide area networks. On February 24, Oracle agreed to acquire BlueKai, which owns a platform that centrally organizes a company's customer and audience data in the cloud and also runs a third party data marketplace to augment a company's proprietary customer data. STREET RESEARCH: On January 22, Piper Jaffray raised its price target for Oracle shares to $43 from $36 citing its favorable partner survey and the company's headcount growth. That same day, Oracle was upgraded to Buy from Hold at Deutsche Bank, which raised its price target on the stock to $45 from $33, but the stock was also downgraded to Perform from Outperform at Oppenheimer, which cited a more balanced risk/reward profile given the share levels at that time. In a note issued last Friday, Morgan Stanley said it saw limited upside in either Oracle or another provider of middleware and infrastructure software that also reports this week, TIBCO Software (TIBX). Morgan Stanley contended that while both companies have achievable quarters, the firm sees risk, particularly for TIBCO, for forward guidance to fall short of the consensus view. Morgan added that it continues to favor Red Hat (RHT) and VMware (VMW) in infrastructure software. PRICE ACTION: In afternoon trading, Oracle shares were up nearly 1% to $38.55. Over the last three months, Oracle shares have advanced about 11%.
News For ORCL;TIBX;RHT;VMW From The Last 14 Days
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September 12, 2014
14:24 EDTTIBXTibco Software September volatility elevated into Q3 and outlook
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September 11, 2014
13:37 EDTVMWEMC not considering VMware stake sale, Reuters says
EMC (EMC) is not exploring a sale of its majority stake in VMware (VMW), a source familiar with the parent company's thinking told Reuters, refuting an earlier New York Post report that EMC had relented to pressure from Paul Singer's Elliott Management and was weighing an exit from its VMware stake. Reference Link
13:36 EDTVMWEMC sale of VMware stake would be sub-optimal, says Wells Fargo
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13:20 EDTVMWEMC not considering selling VMware stake, Reuters reports
11:17 EDTVMW, ORCLEMC seen as potential target after said to mull VMware stake sale
EMC (EMC) is considering selling its 80% stake in cloud computing infrastructure provider VMware (VMW), The New York Post reported today, citing unnamed sources. Calling The New York Post "surprisingly accurate" on M&A news, UBS said the likelihood of change at EMC has increased and it has become a potential takeover target. WHAT'S NEW: EMC is exploring the possibility of selling its stake in VMware, which could be acquired by HP (HPQ), according to one source, The Post reported. EMC could also look to sell other assets, the newspaper quoted a second unnamed source as saying. ANALYST REACTION: UBS analyst Steven Milunovich wrote that he is more convinced in the wake of the Post story that "something is up" at EMC. Although EMC has denied in the past that it would consider selling or spinning off VMware, the company could change its tune, the analyst stated. HP could buy VMware or all of EMC, while Oracle (ORCL) and Cisco (CSCO) are also potential buyers of EMC, Milunovich believes.The analyst kept a $33 price target and Buy rating on shares of EMC. WHAT'S NOTABLE: Activist investor Elliott Management, a hedge fund, has taken a $1B stake in EMC and wants the company to spin off VMware, The Wall Street Journal reported in July. Early last month, research firm FBR Capital wrote that an EMC spin-off of VMware could enhance shareholder value for both companies and make VMware a top acquisition candidate by a larger technology company. The firm kept an Outperform rating on EMC at that time. PRICE ACTION: In late morning trading, EMC was little changed at $29.50, down from its earlier high of $29.89. VMware fell 0.7% to $96.75, down from its earlier daily high of $97.86.
11:14 EDTRHTGoogle hires former Red Hat CTO Brian Stevens, GigaOM reports
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10:30 EDTVMW, ORCLUBS sees increasing likelihood of change at EMC
UBS calls the New York Post "surprisingly accurate on M&A" after the paper reported that EMC (EMC) is considering the sale of its stake in VMware (VMW). The firm believes the likelihood for change at the company is rising. In addition, UBS says the industry should consolidate, and it views EMC as a potential target. UBS thinks Cisco (CSCO), Oracle (ORCL) and HP (HPQ) might be interested parties in owning part or all of EMC. The firm believes an HP, EMC merger would make sense. UBS has a Buy rating on EMC with a $33 price target.
09:20 EDTVMWVMware to host conference call
Management discusses what's new at the company on a conference call to be held on September 11 at 10 am. Webcast Link
07:07 EDTVMWEMC to explore selling VMware stake, NY Post reports
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September 10, 2014
14:35 EDTTIBXTibco Software September volatility elevated into Q3 and outlook
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10:51 EDTORCLOracle September volatility elevated into Q1 and outlook
Oracle September call option implied volatility is at 28, October is at 18, December is at 19; compared to its 26-week average of 23 according to Track Data suggesting large near term price movement into the expected release of Q1 results after the close on September 18.
10:00 EDTVMWOn The Fly: Analyst Initiation Summary
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07:56 EDTRHTRed Hat October volatility elevated into Q2 and outlook
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07:24 EDTRHTRed Hat coverage assumed with a Neutral at MKM Partners
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07:23 EDTORCLOracle coverage assumed with a Neutral at MKM Partners
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September 9, 2014
19:39 EDTVMWVMware initiated with a Buy at Maxim
Target $120.00.
07:17 EDTORCLThe Wireless Association to hold a conference
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05:36 EDTVMWVMware, Capgemini announce strategic partnership
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September 8, 2014
11:05 EDTRHTOptions with increasing implied volatility
Options with increasing implied volatility: NPSP GILD VNET AVNR GTAT YHOO RHT VRTX SDRL COV MYL
September 5, 2014
11:47 EDTRHTOptions with increasing implied volatility
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