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Stock Market & Financial Investment News

News Breaks
March 28, 2014
11:21 EDTIBM, RHT, ORCL, MSFTRed Hat slides after profit outlook trails estimates
Shares of open source software provider Red Hat (RHT) are falling after the company’s first quarter and fiscal 2015 profit views trailed analysts’ consensus estimates. WHAT'S NEW: Last night, Red Hat reported Q4 earnings per share of 39c and revenue of $400M, against consensus views of 37c and $398.92M, respectively. WHAT’S NOTABLE: The company forecast Q1 EPS of 32c-33c, trailing estimates of 38c. Q1 revenue was seen at $412M-$415M, compared to consensus of $415.9M. For FY15, Red Hat sees EPS of $1.54-$1.56, versus consensus of $1.63, while FY15 revenue is expected to be $1.73B-$1.755B, compared to consensus $1.76B. ANALYST REACTION: This morning, despite the weak profit guidance, analyst commentary was positive. Oppenheimer said that Red Hat reported strong results, and the firm thought that sentiment towards the company had already bottomed. Oppenheimer believed the company has several positive FY15 catalysts, and argued that the company is in "a renaissance." It kept an Outperform rating on the shares. Morgan Stanley said Red Hat's billings growth is accelerating and remained confident in its FY15 growth outlook of 14%. The firm said the April 16 analyst day should provide increased visibility into emerging businesses and remained a buyer of shares The firm rated Red Hat an Overweight with a $69 price target. PRICE ACTION: In morning trading, Red Hat fell $3.23, or about 5.75%, to $52.90 on heavy volume. Including today’s fall, the stock has gained approximately 5% over the past twelve months. OTHERS TO WATCH: Others in the software industry include Microsoft (MSFT), Oracle (ORCL), and IBM (IBM).
News For RHT;MSFT;ORCL;IBM From The Last 14 Days
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June 18, 2015
06:41 EDTMSFTMicrosoft's Jo Harlow leaves company in realignment, The Verge reports
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06:10 EDTMSFTMicrosoft writedown for Nokia now more likely, says Jefferies
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June 17, 2015
17:28 EDTORCLOracle says Cloud business outpacing competition
17:24 EDTORCLOracle sees becoming world's largest Enterprise Cloud company
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17:23 EDTORCLOracle sees Q1 adjusted Software, Cloud revenue up 6%-8%
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17:22 EDTORCLOracle sees Q1 SaaS, PaaS revenue growing 39%-43%
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17:21 EDTORCLOracle sees Q1 EPS in constant currency 56c-59c, consensus 61c
Sees Q1 constant currency revenue growth up 5%-8%, consensus $8.62B. Comments from Q4 earnings conference call.
16:35 EDTORCLOracle drops over 5% after reporting Q4 financial results
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16:13 EDTORCLOracle: Q4 SaaS and PaaS revenues grew at a 34% constant currency rate
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16:12 EDTORCLCrossroads Systems updates on patent litigation after Markman hearing
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16:10 EDTORCLOracle sees $1.5B-$2B new Saas, Paas business in fiscal year
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16:02 EDTORCLOracle reports Q4 EPS 78c, consensus 87c
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15:16 EDTORCLNotable companies reporting after market close
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15:16 EDTORCLOptions with increasing volume
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14:46 EDTORCLOracle June 45 straddle priced for 4.1% movement into Q4
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14:42 EDTORCLOption volume leaders
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13:50 EDTORCLOracle technical comments before earnings
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13:08 EDTORCLEarnings Watch: Analysts expect cloud to help Oracle beat 'modest' expectations
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10:11 EDTMSFTMicrosoft aligns engineering team, Chief Insights Officer to leave
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09:46 EDTMSFTJefferies to hold company meetings at E3 Expo
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