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Stock Market & Financial Investment News

News Breaks
March 18, 2014
13:24 EDTTIBX, VMW, ORCL, RHTEarnings 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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July 27, 2015
06:58 EDTORCLOracle using 'nuclear option' to sell its cloud products, Business Insider says
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July 23, 2015
10:08 EDTVMWOptions with decreasing implied volatility
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09:09 EDTVMWEMC moves positive, says BMO Capital
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07:28 EDTVMWEMC upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Maynard Um upgraded EMC (EMC) to Outperform citing a more favorable risk/reward following the company's reduced guidance. Um sees the potential for a number of strategic corporate actions, some of which he believes could take place before year-end. Most favorable would be a buy-in of EMC's VMware (VMW) stake, Maynard tells investors in a research note. The analyst has a $29-$31 price target range for EMC shares, which closed yesterday up 45c to $25.38.
06:32 EDTORCLOracle requests permission to update suit against Google, Reuters reports
Oracle (ORCL) has requested permission from a U.S. judge to update its copyright lawsuit against Google (GOOG) to include the Android operating system's current market dominance, Reuters reports. Oracle has said it wants the suit to add that Google continues its copyright infringement through updated versions of Android, the report says. Reference Link
July 22, 2015
10:15 EDTVMWOptions with decreasing implied volatility
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July 21, 2015
19:00 EDTVMWOn The Fly: After Hours Movers
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17:34 EDTVMWVMware sees Q3 revenue $1.6B-$1.665B, consensus $1.66B
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17:27 EDTVMWVMware sees Q3 EPS 98c-$1.00, consensus $1.00
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17:26 EDTVMWVMware raises FY15 EPS view to $3.97-$4.03 from $3.94-$4.02
Consensus for FY15 EPS is $3.99.
17:23 EDTVMWVMware backs FY15 revenue $6.57B-$6.69B, consensus $6.65B
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16:04 EDTVMWVMware reports Q2 license revenue $638M
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16:03 EDTVMWVMware reports Q2 EPS 93c, consensus 91c
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15:02 EDTVMWNotable companies reporting after market close
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14:24 EDTVMW, ORCLEarnings Watch: EMC reports amid M&A speculation in sector
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10:50 EDTVMWVMware technical notes ahead of earnings news
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08:05 EDTVMWVMware July weekly volatility elevated into Q4 and outlook
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07:15 EDTORCLOracle management to meet with Deutsche Bank
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July 20, 2015
08:19 EDTVMWSentiment towards VMware overly negative, says RBC Capital
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07:07 EDTORCLOracle management to meet with Deutsche Bank
Meetings to be held in Montreal/Toronto on July 20 hosted by Deutsche Bank.
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