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Stock Market & Financial Investment News

News Breaks
March 20, 2013
17:45 EDTORCLOracle says "not pleased with Q3 revenue growth," cites sales execution
On Oracle's (ORCL) Q3 earnings conference call, management said, "While our overall business remains very healthy and we saw excellent pipeline growth, we're not at all pleased with our revenue growth this quarter. Since we've been adding literally thousands of new sales reps around the world, the problem was largely sales execution, especially with the new reps as they ran out of runway in Q3." They noted that the company's product portfolio is as strong as ever, and that they are winning a fair share of deals. They are encouraged by the tremendous pipeline growth, but said they have work to do on training new reps. Management expects a big turnaround next year for the hardware business. They see a big growth year for the entire hardware business, SPARC line, and all of the engineered systems. The company still believes there is tremendous leverage in its business model and feels good about its strategy and product line.
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December 17, 2014
17:15 EDTORCLOracle sees Q3 EPS in constant currency 69c-74c, consensus 73c
Sees Q3 constant currency revenue growth up 4%-8%, consensus $9.69B.
16:07 EDTORCLOracle trades higher after results, first look
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16:05 EDTORCLOracle total Q2 new cloud bookings grew at a rate of more than 140%
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16:03 EDTORCLOracle says Q2 total Software plus Cloud revenue was up 5% to $7.3B
Software and Cloud Revenues was up 5% to $7.3 billion. Cloud software-as-a-service, platform-as-a-service and infrastructure-as-a-service revenue was up 45% to $516M Hardware Systems revenues were up 1% to $1.3B. GAAP operating income was up 4% to $3.5B, and the GAAP operating margin was 37%. Non-GAAP operating income was up 3% to $4.4B, and the non-GAAP operating margin was 46%. GAAP net income was down 2% to $2.5 billion while non-GAAP net income was down 1% to $3.1B.
16:01 EDTORCLOracle reports Q2 EPS 69c, consensus 68c
Reports Q2 revenue $9.6B, consensus $9.52B.
15:28 EDTORCLOracle December 41 straddle priced for 4.3% movement into Q2
15:18 EDTORCLNotable companies reporting after market close
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13:59 EDTORCLEarnings Preview: Analysts split on Oracle ahead of Q2 report
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13:19 EDTORCLOracle December volatility increases into Q2 and outlook
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06:44 EDTORCLGoogle opponents lobbying state attorneys general, NY Times says
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December 16, 2014
12:55 EDTORCLOracle December volatility increases into Q2 and outlook
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08:03 EDTORCLUnisys names Peter Altabef as new CEOOracle
Unisys Corporation (UIS) announced that it has named Peter Altabef as President and CEO, effective January 1, 2015. At that time Altabef also will join the company's board of directors. Altabef was most recently President and CEO of MICROS Systems from January 2013 until the completion in September 2014 of its acquisition by Oracle (ORCL). Paul Weaver, currently interim Chairman of the Unisys board, will become Chairman, effective January 1, 2015.
December 15, 2014
10:00 EDTORCLOn The Fly: Analyst Upgrade Summary
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09:27 EDTORCLOn The Fly: Pre-market Movers
HIGHER: Opko Health (OPK), up 13.1% after Pfizer (PFE) and OPKO Health enter into global agreement for hGH-CTP... Cirrus Logic (CRUS), up 7.5% after being upgraded to Overweight from Underweight at Barclays... PetSmart (PETM), up 4.7% after being acquired by BC Partners led consortium for $83 per share... Sohu.com (SOHU), up 3% after being upgraded to Overweight from Neutral at JPMorgan... Oracle (ORCL), up 2.2% after receiving FedRAMP provisional authority to operate. LOWER: Unwired Planet (UPIP), down 25.7% after commenting on Google (GOOG) Markman ruling... EXCO Resources (XCO), down 13% after suspending its dividend.
09:03 EDTORCLOracle achieves FedRAMP provisional authority to operate
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07:33 EDTORCLOracle upgraded at Morgan Stanley
As previously reported, Morgan Stanley upgraded Oracle to Overweight from Equal Weight. The firm's surveys indicate improving Cloud Apps growth in 2015 against low expectations and weak sentiment, favorable adoption of the new 12c database options next year, and improved perception value in Engineered Systems. Price target is $50.
06:34 EDTORCLOracle upgraded to Overweight from Equal Weight at Morgan Stanley
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December 12, 2014
10:01 EDTORCLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: BreitBurn Energy (BBEP) downgraded to Hold from Buy at Wunderlich... CIBC (CM) downgraded to Underperform from Neutral at Credit Suisse... Costco (COST) downgraded to Neutral from Buy at Janney Capital... Discovery (DISCA) downgraded to Sector Perform from Outperform at RBC Capital... Emerald Oil (EOX) downgraded to Neutral from Accumulate at Global Hunter... Goodrich Petroleum (GDP) cut to Underweight on lower oil at JPMorgan... Hain Celestial (HAIN) downgraded to Sector Perform from Outperform at RBC Capital... Hovnanian (HOV) downgraded to Neutral from Buy at Compass Point... Mindray Medical (MR) downgraded to Underweight from Equal Weight at Morgan Stanley... Morgan Stanley (MS) downgraded to Neutral from Buy at Buckingham... Oracle (ORCL) resumed with a Neutral from Overweight at Piper Jaffray... Rackspace (RAX) downgraded to Underperform from Neutral at DA Davidson... Zayo Group (ZAYO) downgraded to Neutral from Buy at BTIG.
07:24 EDTORCLOracle December volatility elevated into Q2 and outlook
Oracle December call option implied volatility is at 40, January is at 26, March is at 22; compared to its 26-week average of 22 according to Track Data suggesting larger near term price movement into the expected release of Q2 results after the close on December 17.
06:40 EDTORCLOracle resumed with a Neutral from Overweight at Piper Jaffray
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