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Stock Market & Financial Investment News

News Breaks
December 18, 2012
15:05 EDTORCLEarnings Preview: Analysts divided on forecasts for Oracle Q2 results
Oracle (ORCL) is expected to report Q2 earnings after the bell on Tuesday, December 18, with a conference call scheduled for 5:00 pm ET. Analysts are looking for a profit of 61c on revenue of $9.03B. The consensus range is 59c-63c for EPS and $8.84B-$9.32B for revenue, according to First Call. During its Q1 earnings conference call, Oracle said it expects Q2 EPS to be between 59c-63c, which matches First Call's current analyst range. The company guided Q2 non-GAAP revenue to be somewhere between flat to up 4%, with Q2 hardware revenue forecast to decline 8%-18% and Q2 new software license and cloud subscription revenue seen up 5-15%. Within the last week, a number of research firms have offered their opinions on Oracle's stock and their expectations for the company's Q2 results. On the bullish side, Credit Suisse said last Wednesday that it expects Oracle to meet or beat its license sales target for the quarter and reiterated an Outperform rating and $40 price target on shares. Also last week, Janney Capital initiated Oracle with a Buy rating and similar $40 price target. Conversely, Jefferies wrote in a note to investors yesterday that its channel checks point to in-line Q2 results for Oracle. Jefferies raised its price target on the stock to $34 from $32, but kept a Hold rating on Oracle. Also, in a note earlier today, JMP Securities said a former Taleo executive may be leaving Oracle, raising questions about whether the company is integrating its cloud acquisitions effectively. JMP maintained a Market Perform rating on the stock. In afternoon trading, Oracle is outperforming the Nasdaq composite index with an advance of over 1.6% to $32.84.
News For ORCL From The Last 14 Days
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August 15, 2014
08:11 EDTORCLOracle checks showing signs of improvement, says FBR Capital
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August 14, 2014
18:28 EDTORCLCourt finds Rimini Street infringed Oracle copyrights, stole IP
On August 14, the U.S. District Court in Las Vegas entered an order granting Oracle's motion for partial summary judgment in its case against Rimini Street, and its CEO, Seth Ravin. Oracle moved for summary judgment on Rimini's counterclaims for defamation and unfair competition. In those counterclaims, Rimini challenged Oracle's public statements that Rimini had engaged in massive theft of Oracle's intellectual property. The Court dismissed those counterclaims finding that Oracle's statements "that Rimini had engaged in 'massive theft' of Oracle's intellectual property are true." The Court explained that "It is undisputed that Rimini engaged in theft of Oracle's intellectual property." The Court also found that Rimini Street infringed Oracle's copyrights. In February, the Court found that Rimini Street infringed Oracle's PeopleSoft copyrights and that Oracle had proved prima facie copyright infringement as to its JD Edwards and Siebel copyrights. The Court ruled that Rimini Street also infringed Oracle Database copyrights. The Court found that Rimini Street had downloaded 25 copies of Oracle's Database software and possessed over 200 copies of this software even though Rimini's downloading, possession, and use of this software all was unlicensed. The Court ordered the parties to submit a pre-trial order within sixty days.
August 13, 2014
16:03 EDTORCLOracle extends tender offer for MICROS to September 2
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August 9, 2014
16:26 EDTORCLOracle sues Oregon over dispute with state's health-insurance exchange, WSJ says
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