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Stock Market & Financial Investment News

News Breaks
December 17, 2012
10:46 EDTORCLOracle December volatility increases to 41 into Q2 and revenue outlook
Oracle December put option implied volatility is at 41, January is at 25, March is at 23; compared to its 26-week average of 27 according to Track Data suggesting larger near term price movement into the expected release of Q2 results after the close on December 18.
News For ORCL From The Last 14 Days
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May 1, 2015
10:00 EDTORCLOn The Fly: Analyst Initiation Summary
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April 30, 2015
18:38 EDTORCLOracle CEO: Salesforce selling could be positive for Oracle, Re/code says
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17:59 EDTORCLOracle initiated with a Neutral at SunTrust
Target $49.
11:28 EDTORCLSalesforce seen fetching $100 per share, but several analysts say deal unlikely
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09:14 EDTORCLBrean says take profits in Salesforce after takeover report
Brean Capital analyst Sarah Hindlian recommends taking profits in Salesforce after the stock rallied 12% yesterday. Hindlian views a sale of Salesforce as "highly unlikely." She notes Brean's work indicates such a deal would be unlikely on both price and valuation as the company's Founder and CEO Marc Benioff would be unwilling to sell without a “substantial” premium. The analyst also questions if Salesforce has any interest in selling itself. Further, she believes a takeover by either Oracle (ORCL) or Microsoft (MSFT) would raise regulatory issues. Hindlian keeps a Hold rating on Salesforce.
09:09 EDTORCLOracle 'highly unlikely' to be company that approached Salesforce, CNBC says
CNBC's David Faber said his contacts indicate that it is "highly, highly unlikely" that Oracle (ORCL) has approached Salesforce.com (CRM) about a takeover bid. Faber added that "nothing should be read into" Oracle's recent bond offering in relation to the recent report that Salesforce has hired bankers after receiving takeover interest.
08:04 EDTORCLMorgan Stanley views a potential Oracle acquisition of Salesforce unlikely
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07:07 EDTORCLSalesforce appears to be open to evaluating takeover offers, says Stifel
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06:51 EDTORCLPiper sees Salesforce takeover price upwards of $100/share
Piper Jaffray followed JPMorgan in predicting a Salesforce takeover price upwards of $100 per share. Piper calls Salesforce a "very attractive and unique asset," but admits it has no proprietary information about a potential deal. Oracle (ORCL), Microsoft (MSFT), IBM (IBM) and the large Internet centric vendors are the only tech companies likely to afford Salesforce, Piper believes. It points out that while Oracle denied it made an offer, the $10B in debt raised earlier this week by the company is likely to keep it near the top of the potential acquirer list. Piper says Salesforce potentially being in play raises the potential for any pure cloud vendor to be taken over, including Workday (WDAY) and ServiceNow (NOW), as well as "host of smaller pure cloud vendors and fast-growing non-cloud companies" such as Splunk (SPLK). The firm keeps an Overweight rating on Salesforce with an $80 price target.
06:49 EDTORCLOracle has not approached Salesforce, BuzzFeed says
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06:10 EDTORCLJefferies sees 'very low' probability of Salesforce takeover
Jefferies views the 12% rally in Salesforce (CRM) shares yesterday after Bloomberg reported the company is fielding takeover offers as an overreaction. The firm says the probability of a sale is "very low, especially with the stock already trading at an inflated valuation." It views Microsoft (MSFT) as the most likely suitor, with Oracle (ORCL), IBM (IBM) and Google (GOOG) potentially in the mix. Jefferies keeps an Underperform rating on Salesforce with a $49 price target. The stock closed yesterday up $7.76 to $74.65.
05:57 EDTORCLMicrosoft, IBM, Oracle rumored as potential Salesforce.com suitors, Re/code says
Potential suitors for Salesforce.com (CRM), which is said to have hired financial advisers to handle takeover inquiries, may include Microsoft (MSFT), IBM (IBM), Google (GOOG) and Oracle (ORCL), Re/code's Arik Hesseldahl reports. Hesseldahl notes that Salesforce CEO Marc Benioff attended a dinner with Microsoft CEO Satya Nadella on Tuesday night, ahead of Microsoft's Build conference. Reference Link
05:46 EDTORCLStocks with implied volatility movement; CRM ORCL
Stocks with implied volatility movement; Salesforce (CRM) 57, Oracle (ORCL) 21 according to iVolatility.
April 29, 2015
17:16 EDTORCLSalesforce could be worth $100/share in a takeover, says JPMorgan
After Bloomberg reported this afternoon that Salesforce has hired bankers to field takeover inquiries, JPMorgan analyst Mark Murphy told investors that he believes the stock could be worth $100 in a buyout. Shares closed the trading day up $7.76 to $74.65. A deal would be the largest in software history, and only a short list of companies could pull it off, Murphy wrote. Those companies are Microsoft (MSFT), Oracle (ORCL), IBM (IBM) and SAP (SAP), he believes. After pointing out JPMorgan has "no conclusive evidence to confirm or dispel the speculation," Murphy noted Salesforce CEO Marc Benioff was sitting in the front row of the Microsoft Build Conference this morning and that Oracle just raised $10B of debt. The analyst calls Salesforce a "rare asset" and the "pioneering leader of the cloud computing." He has an Overweight rating on the shares.
14:58 EDTORCLSalesforce hires bankers after approach by potential buyer, Bloomberg says
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14:48 EDTORCLOracle May weekly volatility elevated
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April 27, 2015
08:08 EDTORCLAccenture, Oracle form new business group
Accenture (ACN) and Oracle (ORCL) have launched a new business group to jointly help customers embrace the cloud to achieve their digital transformation goals. Through the group, Accenture and Oracle will deliver industry-specific solutions built on the Oracle Cloud to help clients realize the benefits of the cloud faster and with reduced risk. The Accenture Oracle Business Group brings together the leading technology, skills and experience from each company to offer businesses the ability to implement cloud solutions quicker and easier than previously possible.
April 23, 2015
10:45 EDTORCLRumor: Salesforce.com active on renewed takeover speculation
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