New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
May 27, 2015
06:27 EDTORCLUS administration backs Oracle in Google case, Financial Times reports
Subscribe for More Information
05:20 EDTORCLJefferies cuts Workday price target on moderating growth
Subscribe for More Information
May 26, 2015
06:38 EDTORCLMicrosoft buying Salesforce 'makes a lot of sense,' says Piper Jaffray
Subscribe for More Information
May 21, 2015
08:15 EDTORCLSalesforce acquisition still possible, says JMP Securities
After Salesforce reported stronger than expected results, JMP Securities indicated that the results, along with statements by the company's CEO, make an acquisition seem less likely. However, the firm continues to believe that Google (GOOG), Oracle (ORCL), or Microsoft (MSFT) could buy the company. All three potential acquirers have significant cash and strong potential synergies with Salesforce, and the world is moving to the cloud, the firm explained. It raised its price target on Salesforce to $80 from $75 and keeps an Outperform rating on the shares.
06:37 EDTORCLOracle to cut 40% of industry solutions team, Business Insider reports
Subscribe for More Information
May 20, 2015
05:57 EDTORCLSAP CEO says Salesforce unlikely to be acquired, Reuters reports
Subscribe for More Information
May 19, 2015
13:05 EDTORCLSalesforce deal talks may have 'died down,' dealReporter says
Subscribe for More Information
May 17, 2015
16:50 EDTORCLWhite House wavers on backing Google, Oracle in copyright suit, Reuters says
Subscribe for More Information

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