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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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April 30, 2015
09:14 EDTORCLBrean says take profits in Salesforce after takeover report
Brean Capital analyst Sarah Hindlian recommends taking profits in Salesforce after the stock rallied 12% yesterday. Hindlian views a sale of Salesforce as "highly unlikely." She notes Brean's work indicates such a deal would be unlikely on both price and valuation as the company's Founder and CEO Marc Benioff would be unwilling to sell without a “substantial” premium. The analyst also questions if Salesforce has any interest in selling itself. Further, she believes a takeover by either Oracle (ORCL) or Microsoft (MSFT) would raise regulatory issues. Hindlian keeps a Hold rating on Salesforce.
09:09 EDTORCLOracle 'highly unlikely' to be company that approached Salesforce, CNBC says
CNBC's David Faber said his contacts indicate that it is "highly, highly unlikely" that Oracle (ORCL) has approached Salesforce.com (CRM) about a takeover bid. Faber added that "nothing should be read into" Oracle's recent bond offering in relation to the recent report that Salesforce has hired bankers after receiving takeover interest.
08:04 EDTORCLMorgan Stanley views a potential Oracle acquisition of Salesforce unlikely
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07:07 EDTORCLSalesforce appears to be open to evaluating takeover offers, says Stifel
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07:04 EDTVMWVMware volatility at low end of historic range
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06:51 EDTORCLPiper sees Salesforce takeover price upwards of $100/share
Piper Jaffray followed JPMorgan in predicting a Salesforce takeover price upwards of $100 per share. Piper calls Salesforce a "very attractive and unique asset," but admits it has no proprietary information about a potential deal. Oracle (ORCL), Microsoft (MSFT), IBM (IBM) and the large Internet centric vendors are the only tech companies likely to afford Salesforce, Piper believes. It points out that while Oracle denied it made an offer, the $10B in debt raised earlier this week by the company is likely to keep it near the top of the potential acquirer list. Piper says Salesforce potentially being in play raises the potential for any pure cloud vendor to be taken over, including Workday (WDAY) and ServiceNow (NOW), as well as "host of smaller pure cloud vendors and fast-growing non-cloud companies" such as Splunk (SPLK). The firm keeps an Overweight rating on Salesforce with an $80 price target.
06:49 EDTORCLOracle has not approached Salesforce, BuzzFeed says
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06:31 EDTVMWMicrosoft would likely sell off on Salesforce acquisition, says Citigroup
Citigroup believes that should Salesforce (CRM) be up for sale as Bloomberg yesterday suggested, Microsoft (MSFT) could be the most likely the suitor. Citi thinks Microsoft shares would likely trade lower should such a deal occur, as it would signal the company is in a "more tenuous position in commercial business than investors currently think." The firm lists Oracle (ORCL), IBM (IBM) and Google (GOOG) as other potential suitors for Salesforce. With less upside now to its Saleforce price target, Citi prefers Check Point (CHKP) and VMware (VMW) for growth investors and ServiceNow (NOW) for exposure to software-as-a-service. It keeps a Buy rating on Salesforce with am unchanged price target of $78.
06:10 EDTORCLJefferies sees 'very low' probability of Salesforce takeover
Jefferies views the 12% rally in Salesforce (CRM) shares yesterday after Bloomberg reported the company is fielding takeover offers as an overreaction. The firm says the probability of a sale is "very low, especially with the stock already trading at an inflated valuation." It views Microsoft (MSFT) as the most likely suitor, with Oracle (ORCL), IBM (IBM) and Google (GOOG) potentially in the mix. Jefferies keeps an Underperform rating on Salesforce with a $49 price target. The stock closed yesterday up $7.76 to $74.65.
06:05 EDTEMCNetApp needs to take some 'bold actions,' says Summit Research
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05:57 EDTORCLMicrosoft, IBM, Oracle rumored as potential Salesforce.com suitors, Re/code says
Potential suitors for Salesforce.com (CRM), which is said to have hired financial advisers to handle takeover inquiries, may include Microsoft (MSFT), IBM (IBM), Google (GOOG) and Oracle (ORCL), Re/code's Arik Hesseldahl reports. Hesseldahl notes that Salesforce CEO Marc Benioff attended a dinner with Microsoft CEO Satya Nadella on Tuesday night, ahead of Microsoft's Build conference. Reference Link
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 EDTORCLSalesforce 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 EDTORCLSalesforce 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
08:49 EDTSPLKSplunk has had strong start to year, says JMP Securities
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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.
08:08 EDTVMWVMware NSX platform selected by FireHost
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07:13 EDTVMWUBM Tech to hold a conference
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April 23, 2015
10:45 EDTORCLRumor: Salesforce.com active on renewed takeover speculation
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