New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
August 31, 2015
11:38 EDTVMWVMware CEO says 'federation' structure best for company
Subscribe for More Information
08:23 EDTVMWVMware volatility elevated into financial analyst day
Subscribe for More Information
08:07 EDTVMWSanDisk unveils data service for VMware vSphere with FlashSoft
Subscribe for More Information
06:31 EDTVMWVMware to host financial analyst day
Subscribe for More Information
August 28, 2015
07:39 EDTORCLOracle volatility elevated into Q1 and outlook
Subscribe for More Information
August 27, 2015
10:06 EDTORCLCiti sees Workday guidance confusion as opportunity to buy
Subscribe for More Information
August 26, 2015
16:26 EDTVMWOn The Fly: Top stock stories for Wednesday
Subscribe for More Information
16:12 EDTVMWVMware names Ray O'Farrell Chief Technology and Development Officer
Subscribe for More Information
15:27 EDTVMWVMware falls after report EMC board weighing downstream merger proposal
Subscribe for More Information
12:47 EDTVMWOn The Fly: Top stock stories at midday
Subscribe for More Information
12:08 EDTVMWEMC Federation departures suggest changes coming, says Raymond James
Subscribe for More Information
11:50 EDTVMWEMC-VMware report shows board knows status quo 'not an option,' says Wells Fargo
After Re/code's Arik Hesseldahl reported that EMC's (EMC) board is "actively considering" a downstream merger proposal under which it would be acquired by VMware (VMW), Wells Fargo analyst Maynard Um said he views the most important takeaway to be that the board views maintaining the status quo as "not an option" amid the rapid shift in the industry. Um thinks an EMC buy-in of VMware, which the report contends is the preferred option of EMC CEO Joe Tucci, presents a cleaner path with less variables but says that in either case it "seems clear that something will happen," which he views as a positive.
08:23 EDTVMWEMC board 'considering' VMware downstream merger proposal, Re/code reports
Subscribe for More Information
06:44 EDTORCLWorkday valuation contingent on competitors in cloud market, WSJ reports
Subscribe for More Information
August 25, 2015
19:16 EDTORCLTV service Hulu to feature programmatic ads powered by Facebook, Oracle
Subscribe for More Information
08:35 EDTVMWExtreme Networks joins VMware NSX partner ecosystem
Subscribe for More Information
07:24 EDTORCLRentrak weakness a buying opportunity, says Brean Capital
Subscribe for More Information
August 20, 2015
14:39 EDTVMWEarnings Watch: Hewlett-Packard reports ahead of company split
Subscribe for More Information
11:49 EDTORCLOptions with increasing implied volatility
Options with increasing implied volatility: SRPT ACHN VIAV ZG RAD DIS ORCL SPY XLF OEX
08:32 EDTORCLOracle agrees to acquire Maxymiser
Subscribe for More Information
1 | 2 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use