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Stock Market & Financial Investment News

News Breaks
December 20, 2013
10:52 EDTTIBX, PRGS, ORCL, MKTGTIBCO plummets after guidance trails estimates
Shares of TIBCO Software (TIBX), which provides middleware and infrastructure software, are sinking after the company’s first quarter outlook significantly trailed analysts’ consensus estimates. WHAT'S NEW: Last night, TIBCO reported Q4 adjusted EPS of 42c and revenue of $315M, compared to expectations of 39c and 312.45M, respectively. WHAT'S NOTABLE: TIBCO provided first quarter earnings per share guidance of 17c-18c and first quarter revenue guidance of $247M-$253M, both of which trailed analysts’ consensus estimates of 21c and $255.35M. The company estimated that its Q1 license revenue would be $78M-$84M. For FY14, TIBCO expects its earnings per share to grow in the high-single to low-double digit percentage range. Over the long-term, it has a 15%-20% earnings per share growth target. ANALYST REACTION: This morning, research firm UBS downgraded TIBCO to Neutral from Buy following the company’s results and weaker than expected guidance. UBS lowered its price target on the shares to $25 from $31. PRICE ACTION: In early morning trading, TIBCO fell $3.40 or about 14% to $21.08 on nearly three times its average daily trading volume. The shares are down approximately 5% year to date. OTHERS TO WATCH: TIBCO’s competitors include Progress Software (PRGS) and Oracle (ORCL). Earlier today it was announced that Oracle had agreed to buy Responsys (MKTG).
News For TIBX;PRGS;ORCL;MKTG From The Last 14 Days
Check below for free stories on TIBX;PRGS;ORCL;MKTG the last two weeks.
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April 16, 2014
11:36 EDTPRGSProgress Software management to meet with Jefferies
Meetings to be held in Baltimore/Philadelphia on April 22 hosted by Jefferies.
April 11, 2014
09:24 EDTORCLOracle management to meet with JPMorgan
Meeting to be held in Chicago on April 17 hosted by JPMorgan.
07:06 EDTORCLOracle management to meet with Deutsche Bank
Meeting to be held in Frankfurt on April 11 hosted by Deutsche Bank.
April 10, 2014
09:06 EDTORCLOracle management to meet with Deutsche Bank
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April 9, 2014
11:51 EDTORCLOracle management to meet with Jefferies
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10:33 EDTORCLConstant Contact surges after preliminary Q1 revenue beats consensus
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07:22 EDTORCLOracle management to meet with Deutsche Bank
Meetings to be held in Zurich/Milan on April 9 hosted by Deutsche Bank.
April 8, 2014
08:03 EDTORCLOracle management to meet with Deutsche Bank
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April 7, 2014
17:43 EDTORCLFour Oracle insiders sold $69.5M in stock, Barron's says
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09:00 EDTORCLOracle management to meet with Deutsche Bank
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April 3, 2014
09:14 EDTORCLOn The Fly: Pre-market Movers
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07:23 EDTORCLWells Fargo to hold a summit
4th Annual Tech Transformation Summit is being held in San Francisco on April 2-3 with webcasted company presentations to begin on April 3 at 11 am; not all company presentations may be webcasted.Webcast Link

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