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Stock Market & Financial Investment News

News Breaks
June 20, 2014
12:08 EDTSAP, HPQ, PRGS, TIBX, ORCLTIBCO 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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December 17, 2014
06:44 EDTORCLGoogle opponents lobbying state attorneys general, NY Times says
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06:20 EDTHPQHP price target raised to $46 from $40 at Citigroup
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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
15:57 EDTTIBXJet Capital Investors reports 5.6% passive stake in TIBCO
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11:31 EDTHPQHP, NYC Comptroller reach $10.6M settlement to resolve ECTP dispute
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10:05 EDTHPQHP participates in a conference call with Oppenheimer
Oppenheimer hosts Antonio Neri, Senior Vice President & General Manager-Enterprise Group, who discusses HP convergence, servers and networking on a conference call to be held on December 15 at 11 am.
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.
08:21 EDTSAPMarketo doing more business with SAP, says JMP Securities
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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.
07:12 EDTHPQHP reinstated with a Buy at BofA/Merrill
Target $47.
06:40 EDTORCLOracle resumed with a Neutral from Overweight at Piper Jaffray
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December 10, 2014
08:25 EDTHPQHP capital return potential makes valuation attractive, says Brean Capital
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December 8, 2014
07:30 EDTSAPSAP CEO sees company remaining independent for long-term, Reuters reports
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07:28 EDTHPQFBN Securities to hold a bus tour
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