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Stock Market & Financial Investment News

News Breaks
March 18, 2014
13:24 EDTVMW, ORCL, RHT, TIBXEarnings 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 1, 2015
05:57 EDTVMWVMware, Carahsoft pay $75.5M to settle claims of overcharging government
VMware and Carahsoft Technology Corporation yesterday agreed to pay $75.5M to resolve allegations that they violated the False Claims Act by misrepresenting their commercial pricing practices and overcharging the government on VMware software products and related services, the Department of Justice announced. VMware is a Delaware corporation that specializes in computer virtualization software and has its principal place of business in Palo Alto, California. Carahsoft is a privately held Maryland corporation that distributes information technology products to federal, state and local governments and has its principal place of business in Reston, Virginia. The settlement resolves allegations that VMware and Carahsoft made false statements to the government in connection with the sale of VMware products and services under Carahsoft’s MAS contract. These false statements allegedly concealed the companies’ commercial pricing practices and enabled the companies to overcharge the government for VMware’s products and services from 2007 through 2013. The civil settlement resolves a lawsuit filed under the whistleblower provision of the False Claims Act, which permits private parties to file suit on behalf of the United States for false claims and obtain a portion of the government’s recovery. The civil lawsuit was filed in the Eastern District of Virginia by Dane Smith, who is a former vice president of the Americas at VMware Inc. Smith’s share of the recovery has not been determined.
June 30, 2015
05:59 EDTORCLGartner: Worldwide IT spending on pace to decline 5.5% in 2015
Worldwide IT spending is on pace to total $3.5T in 2015, a 5.5% decline from 2014, according to the latest forecast by Gartner, Inc. Analysts attribute the decline to the rising U.S. dollar. In constant-currency terms, the market is projected to grow 2.5%. In Gartner's previous forecast in April, it had forecast IT spending to decline 1.3% in U.S. dollars and grow 3.1% in constant currency. "We want to stress that this is not a market crash. Such are the illusions that large swings in the value of the U.S. dollar versus other currencies can create," said John-David Lovelock, research vice president at Gartner. "However, there are secondary effects to the rising U.S. dollar. Vendors do have to raise prices to protect costs and margins of their products, and enterprises and consumers will have to make new purchase decisions in light of the new prices." Communications services will continue to be the largest IT spending segment in 2015 with spending at nearly $1.5T. However, this segment is also experiencing the strongest decline among the five IT sectors. In the device market, mobile phones continue to be the leading segment, with growth in Apple phones, especially in China, keeping overall phone spending consistent. However, overall smartphone unit growth will start to flatten. The PC and tablet market continues to weaken. The expected 10 percent increase in average PC pricing in currency-impacted countries is going ahead, delaying purchases even more than expected. Excessive PC inventory levels, especially in Western Europe, need to be cleared, which will delay Windows 10 inventory in the second half of the year. Within the data center systems segment, storage and network markets are both expected to see weaker growth in U.S. dollar terms as a result of the appreciation of the U.S. dollar. Reference Link
June 29, 2015
10:54 EDTORCLGoogle denied appeal by U.S. Supreme Court in Oracle copyright case
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10:02 EDTVMWHP deal for EMC 'more than a distinct possibility,' says Raymond James
Noting that shares of both HP (HPQ) and EMC (EMC) have been stagnant, Raymond James analyst Brian Alexander repeated that he believes shareholders of both would earn substantial returns from a deal between the two and that he thinks an HP acquisition of EMC is "more than a distinct possibility." Alexander previously said in a note to investors on June 4 that he believed HP will ultimately buy EMC, including VMware (VMW). Assuming EMC is acquired for $32-$34 at various combinations of debt/stock, accretion for HP ranges from 39%-52%, Alexander calculates. Raymond James has a Market Perform rating on HP, a Strong Buy rating on EMC and an Outperform rating on VMware.
June 26, 2015
06:17 EDTORCLConcerns over AWS pricing overblown, says Piper Jaffray
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June 25, 2015
12:59 EDTVMWOptions with increasing implied volatility
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10:11 EDTRHTOptions with decreasing implied volatility
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07:17 EDTRHTRed Hat to hold a summit
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June 24, 2015
11:16 EDTVMWOptions with increasing implied volatility
Options with increasing implied volatility: WMB AMZN CMG BIIB VMW QLIK ISRG FB UA FFIV
10:19 EDTRHTOptions with decreasing implied volatility
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10:00 EDTVMWOn The Fly: Analyst Upgrade Summary
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07:57 EDTVMWVMware upgraded to Conviction Buy from Buy at Goldman
Goldman added VMware to the Conviction Buy List and maintained its $102 price target. The firm believes VMware will benefit from improving execution, accelerating cash flow, ELA renewals, and growth from expanded product adoption and gains in emerging areas.
07:27 EDTRHTRed Hat to hold a summit
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06:00 EDTRHTRed Hat implied volatility of 21 at lower end of index mean range
June 23, 2015
16:02 EDTRHTRed Hat, Samsung form strategic alliance
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11:00 EDTVMWOptions with increasing implied volatility
Options with increasing implied volatility:TRIP WPZ CMG BIIB WMB AMZN ISRG VMW
10:47 EDTORCLOracle new services round out cloud platform, says Cantor
Cantor Fitzgerald analyst Brian White believes Oracle's addition of 25 new cloud services rounds out the Oracle Cloud Platform. He says Oracle is now in a unique position to competitively deliver cloud solutions to enterprise customers and keeps a Buy rating on the stock with a $48 price target.
10:30 EDTRHTOptions with decreasing implied volatility
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07:41 EDTRHTRed Hat to hold a summit
Red Hat Summit 2015 is being held in Boston on June 23-26 with webcasted company presentations to begin on June 23 at 4 pm; not all presentations may be webcasted. Webcast Link
06:04 EDTORCLOracle says extending enterprise cloud portfolio
At a live event yesterday, Oracle (ORCL) Executive Chairman of the Board and CTO Larry Ellison announced new additions to the Oracle Cloud Platform, a comprehensive, integrated suite of services that make it easier for developers, IT professionals, business users and analysts to build, extend and integrate cloud applications. With more than 24 new cloud services, the Oracle Cloud Platform "extends Oracle's leadership with the world's broadest and deepest portfolio" of SaaS, PaaS and IaaS. Newly available Oracle Cloud services include, Oracle Database Cloud - Exadata, Oracle Archive Storage Cloud, Oracle Big Data Cloud, Oracle Integration Cloud, Oracle Mobile Cloud, and Oracle Process Cloud. The Oracle Cloud Platform helps customers build new applications, extend existing ones, and easily move existing on-premises workloads to the cloud with no application changes. The services are designed to maximize end user experience and productivity; enable developers to manage and analyze data, rapidly develop, test and deploy applications; enable architects to quickly integrate across on-premises and cloud applications; and enable business users to drive rich business insights and enterprise collaboration. With the Oracle Cloud Platform, customers and partners are able to take advantage of the industry-leading Oracle middleware and database software that thousands of global organizations already use to run their own businesses, all delivered via cloud. The extensive level of automation that has been engineered into the Oracle Cloud, results in faster time-to-value, greater innovation, and lower cost for customers. "Oracle is growing really fast. We sold $426M worth of business in SaaS and PaaS last quarter, a 200 percent increase over the same quarter last year. That's an industry record, no company has ever sold that much in just one quarter," said Ellison. "Oracle is the only company on the planet that can deliver a complete, integrated, standards-based suite of services at every layer of the cloud. Those technology advantages enable us to be much more cost-effective than our competitors. Our new Archive Storage service goes head-to-head with Amazon Glacier (AMZN) and it's one-tenth their price."
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