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Stock Market & Financial Investment News

News Breaks
June 20, 2014
12:08 EDTORCL, SAP, HPQ, PRGS, TIBXTIBCO falls after profit outlook trails estimates
Shares of TIBCO (TIBX), a provider of middleware and infrastructure software, are sinking after the company’s third quarter profit outlook trailed analysts’ consensus estimates. WHAT'S NEW: Last night, TIBCO reported second quarter earnings per share of 14c and revenue of $252.3M, compared to the consensus views of 14c and $252.37M, respectively. Within software revenue, license revenue was $76.5M, down 7%, while subscription revenue was $5.8M, up 63% from last year. WHAT’S NOTABLE: TIBCO forecast Q3 adjusted EPS of 15c-19c, trailing the consensus view of 24c. Q3 revenue was seen at $257M-$279M, versus consensus of $278.53M. The company noted it may accelerate share repurchases in the second half of the year. TIBCO also announced former Hewlett-Packard (HPQ) executive Todd Bradley was named as President. ANALYST REACTION: This morning, research firm Susquehanna downgraded TIBCO to Neutral from Positive. PRICE ACTION: In early afternoon trading, TIBCO fell $1.47, or about 7.06%, to $19.35 on heavy trading volume. Including today’s pull back, the stock has lost approximately 8% over the past twelve months. OTHERS TO WATCH: Other software companies include Oracle (ORCL), Progress Software (PRGS), and SAP (SAP), all of which are lower on the session.
News For TIBX;HPQ;ORCL;PRGS;SAP From The Last 14 Days
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April 30, 2015
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 EDTSAP, ORCLSalesforce 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 EDTSAP, ORCLSalesforce 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
11:21 EDTHPQOpco defends 3D Systems, while UBS, Piper Jaffray say sell
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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.
07:13 EDTHPQUBM Tech to hold a conference
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April 24, 2015
18:23 EDTHPQHP awarded $469M government contract
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April 23, 2015
11:31 EDTHPQOptions with increasing implied volatility
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10:45 EDTORCLRumor: Salesforce.com active on renewed takeover speculation
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06:39 EDTSAPMedidata appoints Rouven Bergmann to CFO effective May 18
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April 22, 2015
13:39 EDTHPQAnalyst warns competition growing in 3D printing space
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11:08 EDTHPQOptions with increasing implied volatility
Options with increasing implied volatility: CZR FMSA PSEC CSX AEO CRM BBY SPLS HPQ DTV
April 21, 2015
11:16 EDTHPQOptions with increasing implied volatility
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09:37 EDTHPQHP sells Snapfish to District Photo ahead of seperation
HP announced a definitive agreement to divest Snapfish, its photo storage and merchandising business. District Photo will acquire the Snapfish business, including technology assets and employees. After the transaction closes, HP will maintain a partnership with Snapfish. Snapfish will continue to use HP printing solutions, and HP will provide the HP Connected Photo application developed by Snapfish on HP consumer PCs, including the Sprout computing platform, the company said. HP expects the transaction to close in the second half of FY15. Financial terms of the deal were not disclosed. It added, "The divestiture is consistent with HP’s strategy to focus the organization following HP’s previously announced separation."
08:04 EDTHPQHP, FireEye announce partnership
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05:56 EDTHPQStocks with implied volatility movement; CNX HPQ
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05:23 EDTSAPSAP sees FY15 non-IFRS operating profit EUR 5.6B-EUR 5.9B at constant currencies
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05:20 EDTSAPSAP reports Q1 EPS EUR 0.35 vs. EUR 0.45 last year
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April 20, 2015
17:49 EDTPRGSProgress Software reports Chief Product and Technology Officer to resign
In a regulatory filing, Progress Software reports that John Goodson, SVP, Chief Product and Technology Officer, resigned effective May 1 to pursue another opportunity. "Goodson will not receive any severance or other benefits in connection with his termination of employment," said the company.
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