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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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March 5, 2015
07:20 EDTVMWEMC won't address VMware spinoff at upcoming forum, says UBS
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06:15 EDTVMWEMC unlikely to announce VMware spin in near-term, says Citigroup
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05:05 EDTRHTTelefonica collaborates with Brocade, Cyan, Intel, Red Hat
Telefónica (TEF) announced that it has presented an end-to-end network-functions virtualization, or NFV, instantiation demonstration in collaboration with Brocade (BRCD), Cyan (CYNI), Intel (INTC) and Red Hat (RHT) at the Mobile World Congress event in Barcelona. The demo uses the network virtualization framework based on the ETSI ISG NFV approach and developed by the Telefónica NFV Reference Lab. It showcases a Brocade VNF service chain deployed using standard Topology and Orchestration Specification for Cloud Applications, or TOSCA, information models through the enhanced Cyan Blue Planet NFV Orchestration engine onto a network virtual function infrastructure. The goal of the demo is to demonstrate how an advanced and multi-vendor implementation of the ETSI ISG NFV architecture with intelligent orchestration of resources is capable of providing carrier-grade performance, while a regular cloud infrastructure is insufficient. In this collaboration, Cyan’s Blue Planet SDN and NFV platform is used as the NFV service orchestrator, the Brocade Vyatta 5600 vRouter is used as the VNF and Telefónica’s VIM is providing the virtual infrastructure manager role, with all running on NFV hardware infrastructure utilizing Intel processors.
March 3, 2015
07:27 EDTVMWMorgan Stanley to hold a conference
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March 2, 2015
08:30 EDTVMWFBR keeps Outperform on EMC after report says no spin-off
FBR Capital maintains an Outperform rating on shares of EMC (EMC) after Reuters reported Friday that the company's management has deciding against spinning off its stake in VMware (VMW). FBR says that while the news is disappointing, it is not surprising. It also thinks the report could be a near-term positive for VMware, since it could remove the spin-off uncertainty. FBR notes EMC is having an analyst day on March 10.
07:38 EDTVMWJMP Securities to hold a conference
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February 27, 2015
16:29 EDTVMWEMC decides against spinning off stake in VMware, Reuters reports
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15:57 EDTVMWEMC decides against spinning off stake in VMware, Reuters reports
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11:26 EDTVMWVMware management to meet with UBS
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February 26, 2015
10:00 EDTVMWOn The Fly: Analyst Initiation Summary
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05:47 EDTVMWAtos and EMC to further strengthen strategic alliance
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February 24, 2015
16:20 EDTVMWVMware appoints Bask Iyer as Chief Information Officer
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15:46 EDTVMWJuniper CIO leaving company for same role at VMware, Business Insider says
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09:56 EDTVMWVMware large DoD contract likely to be delayed, says Nomura
Nomura said competitors have protested VMware's large Defense Information Systems Agency $1.6B over 5-year contract expected to have been awarded to the company by the end of March. The firm expects a delay in the ward and for the scope of the contract to be modified. Nomura said its unclear how much of the contract is incremental business vs. renewals and weather renewals will be delayed. Shares of VMware are Neutral rated with a $95 price target.

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