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Stock Market & Financial Investment News

News Breaks
June 4, 2014
11:27 EDTVMW, TIBX, SPLK, EMC, ORCLTIBCO sinks after weaker than expected second quarter outlook
Shares of TIBCO (TIBX), which supplies middleware and infrastructure software, are sinking after the company issued a weaker than expected outlook for the second quarter and received several analyst downgrades. WHAT'S NEW: Last night, TIBCO forecast Q2 adjusted EPS of 12c-13c and revenue of $250M-$252M, trailing expectations of 21c and $267.48M, respectively. "After a solid first quarter, revenue fell short of expectations in the second quarter, primarily due to lower-than-expected sales of Spotfire," said Vivek Ranadive, TIBCO's founder and CEO. "We again experienced growth this quarter in our core infrastructure and event processing product revenue, but Spotfire sales were less than anticipated. We have several changes under way that we believe will improve Spotfire performance. We also acquired Jaspersoft this quarter, and while not a meaningful contributor to second quarter revenue, it represents an important addition to our analytics strategy going forward," Ranadive added. ANALYST REACTION: This morning, analyst commentary was decidedly negative. Three separate firms - Mizuho, JMP Securities, and Stifel - all downgraded their ratings on TIBCO, citing its guidance. Conversely, Wells Fargo said the stock could recover within 12 months. Wells believes that the company's guidance is achievable and that the company can benefit from increasing its focus on analytics products. The firm cut its price target range on the stock to $25-$27 from $34-$36, but kept an Outperform rating on the shares. PRICE ACTION: In late morning trading, TIBCO fell $1.47, or about 7%, to $19.32 on nearly four times its average daily trading volume. Including today's pull back, the stock is down about 7.5% over the past twelve months. OTHERS TO WATCH: TIBCO competitors include Oracle (ORCL), Splunk (SPLK), VMware (VMW) and EMC (EMC).
News For TIBX;ORCL;SPLK;VMW;EMC From The Last 14 Days
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January 27, 2015
16:16 EDTVMWVMware reports Q4 EPS $1.08, consensus $1.07
Reports Q4 revenue $1.7B, consensus $1.69B.
15:35 EDTVMWNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Apple (AAPL), consensus $2.60; AT&T (T), consensus 55c; Amgen (AMGN), consensus $2.05; Yahoo (YHOO), consensus 29c; ACE (ACE), consensus $2.29; Stryker (SYK), consensus $1.45; Western Digital (WDC), consensus $2.10; Electronic Arts (EA), consensus 92c; Juniper (JNPR), consensus 31c; Total System Services (TSS), consensus 53c; Freescale Semiconductor (FSL), consensus 33c; Amdocs (DOX), consensus 81c; VMware (VMW), consensus $1.07; International Game Technology (IGT), consensus 25c; United States Steel (X), consensus 87c; Cytec (CYT), consensus 61c.
13:58 EDTVMWVMware January weekly volatility elevated into Q4 and outlook
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13:53 EDTVMWVMware technical notes ahead of results
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09:04 EDTEMCEMC January weekly volatility elevated into Q4 and outlook
EMC January weekly call option implied volatility is at 39, February is at 24, March is at 23; compared to its 26-week average of 24 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on January 29.
06:00 EDTORCLStocks with implied volatility below IV index mean; ORCL NPSP
Stocks with implied volatility below IV index mean; Oracle (ORCL) 17, NPS Pharmaceuticals (NPSP) 2 according to iVolatility.
January 26, 2015
11:43 EDTEMCEMC to release Q4 results on January 29
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11:05 EDTORCLPension funds urge Oracle to improve governance, Bloomberg says
Two pension funds that own Oracle stock sent a letter to Oracle's board urging the company to allow shareholders to nominate their own candidates for directors, change the compensation of executives, and make the company easier to communicate with, says Bloomberg. Reference Link
06:09 EDTORCLStocks with implied volatility below IV index mean; ORCL NFLX
Stocks with implied volatility below IV index mean; Oracle (ORCL) 17, Netflix (NFLX) 31 according to iVolatility.
January 25, 2015
17:32 EDTORCLOracle shares could climb over 20%, Barron's says
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January 23, 2015
05:57 EDTORCLStocks with implied volatility below IV index mean; ORCL ARNA
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January 22, 2015
17:05 EDTORCLOracle to host educational webcast
"Executive Access for Investors" educational webcast to be held on January 28 at 12 pm.Webcast Link
11:32 EDTORCLF5 Networks plummets after Q2 outlook trails estimates
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08:57 EDTEMC, ORCLIxia slides after Oracle unveils Virtual Compute Appliance X5
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07:55 EDTORCLOracle management to meet with UBS
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January 21, 2015
17:00 EDTORCLCisco down 1.4% after Oracle's Ellison says VCA cheaper than Cisco product
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16:58 EDTORCLOracle introduces Virtual Compute Appliance, Bloomberg reports
Oracle's (ORCL) Ellison says Virtual Compute Appliance is half the price of equivalent Cisco (CSCO) hardware, added Bloomberg, citing comments from an event at Oracle headquarters.
09:02 EDTEMCSciQuest names Beth Hendriks as Chief Technology Officer
SciQuest (SQI) announced that EMC (EMC) executive Beth Hendriks will be joining the company as its new chief technology officer. In this role, she will be responsible for enhancing the breadth and depth of the SciQuest Spend Management Suite while accelerating technology and user experience innovation. Hendriks joins SciQuest from EMC, where she served as senior director of engineering.
07:46 EDTORCLOracle management to meet with UBS
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January 20, 2015
08:36 EDTORCLOracle management to meet with UBS
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