Piper Jaffray Remains Bullish on Oracle (ORCL) Following 1Q16 Earnings

Nomura Securities Cuts Price Target on Oracle (ORCL) Following 1c EPS Beat

September 17, 2015 9:58 AM EDT

Nomura Securities reiterated a Buy rating on Oracle (NYSE: ORCL), and cut the price target to $44.00 (from $49.00), following the company's 1Q16 earnings results. ORCL reported $8.45bn in revenue, compared to $8.53bn consensus. Non-GAAP EPS of $0.53 was slightly above the Street estimate of $0.52.

Analyst... More

Wall Street ends down after choppy session; Fed holds rates

September 17, 2015 7:10 AM EDT

By Sinead Carew

(Reuters) - Major Wall Street indexes gave up a 1-percent rally to end lower on Thursday after the Federal Reserve cited concerns about global economic growth in its decision to hold off on raising interest rates.

The U.S. central bank held rates steady in a bow to worries about the global economy, financial market volatility and sluggish inflation at home, but it left open the possibility of a modest policy tightening later this year.

The S&P financial index led the decline after being among the top performers throughout the prior five sessions.... More

After Hours Stocks Movers 09/16: (AERI) (LAKE) (MLHR) Higher; (APOG) (SANW) (ORCL) Lower (more...)

September 16, 2015 5:47 PM EDT

Aerie Pharma (NASDAQ: AERI) 73.9% HIGHER; reported the successful results of its second Phase 3 trial for Rhopressa, a novel once-daily, triple-action eye drop being tested for its ability to lower intraocular pressure (IOP) in patients with glaucoma or ocular hypertension. The trial achieved its primary efficacy endpoint demonstrating non-inferiority of Rhopressa compared to timolol, the most widely used comparator.

Lakeland Industries (NASDAQ: LAKE) 11.8% HIGHER; reported Q2 EPS of $0.50, $0.22 better than the analyst estimate of $0.28. Revenue for the quarter came in at... More

Market Wrap: CPI Falls for First Time in Months on Lower Oil; Big Beer Deal in the Works; FedEx Hit on Lowered Outlook

September 16, 2015 5:29 PM EDT

Market wrap for September 16th

End of the Day: S&P 500 up 17.2 to 1,955.31; Dow Jones up 140.1 to 16,739.95; Nasdaq up 28.7 to 4,889.24

Market Brief: Markets gained once ahead of the FOMC rate decision on Thursday, led by a strong performance from the energy sector. Traders believe the two-day streak came amid lighter market volume.

CPI saw a decline for the first time since last January as oil prices remain depressed.

In beer news, AB InBev said it would move to acquire... More

UPDATE: Oracle (ORCL) Offers Q2 EPS Guidance

September 16, 2015 5:17 PM EDT

(Updated - September 16, 2015 5:24 PM EDT)

Oracle (NYSE: ORCL) sees Q2 EPS of $0.63-$0.66 vs the consensus of $0.65. Q2 revenue is seen down 2%-1%.

Oracle sees FY adjusted SAAS, PAAS revenue up 50%.

... More

Oracle revenue forecast disappoints as license sales continue falling

September 16, 2015 4:11 PM EDT

By Abhirup Roy

(Reuters) - Oracle Corp's (NYSE: ORCL) sales fell more than expected in the first quarter, hurt by a strong dollar and a continued drop in licensed software sales and the company warned revenue could fall in the current quarter even on a constant currency basis.

Like its rivals such as SAP , IBM Corp (NYSE: IBM) and Microsoft Corp (NASDAQ: MSFT), Oracle is striving to boost Internet-based software sales to head off fast-growing competitors such as... More

Oracle (ORCL) Tops Q1 EPS by 1c, Revenue Falls Short

September 16, 2015 4:00 PM EDT

(Updated - September 16, 2015 4:04 PM EDT)

Oracle (NYSE: ORCL) reported Q1 EPS of $0.53, $0.01 better than the analyst estimate of $0.52. Revenue for the quarter came in at $8.45 billion versus the consensus estimate of $8.53 billion.

The strengthening of the U.S. dollar compared to foreign currencies had a significant impact on results in the quarter. Total Revenues were$8.4 billion, down 2% in U.S. dollars but up 7% in constant currency. Cloud plus On-Premise Software Revenues were $6.5 billion, down 2% in U.S. dollars and up 6% in constant currency. Total Cloud Revenues were $611 million, up 29% in U.S.... More

Shares of Oracle jump on upgrade ahead of quarterly report

September 16, 2015 1:46 PM EDT

By Noel Randewich

SAN FRANCISCO (Reuters) - Oracle Corp's (NYSE: ORCL) beleaguered shares jumped 1.1 percent on Wednesday after an analyst upgraded them ahead of the fiscal first-quarter report card that will shed light on the enterprise software heavyweight's shift toward cloud computing.

SunTrust upgraded Oracle's stock to "buy" from "neutral" ahead of its fiscal first-quarter report due after the bell.

Four decade-old Oracle faces ruthless competition from more youthful companies flogging inexpensive enterprise services delivered via the Internet, including Salesforce.com (NYSE: CRM), Amazon.com (NASDAQ:... More

Notable Analyst Rating Changes 9/16: (CST) (YNDX) (ORCL) Upgraded; (HST) (FOLD) (MRK) Downgraded

September 16, 2015 10:32 AM EDT

UPGRADES
Raymond James lifts CST Brands (NYSE: CST) from Market Perform to Outperform with a price target of $42.

Goldman Sachs moves Yandex (Nasdaq: YNDX) from... More

SunTrust Upgrades Oracle (ORCL) to Buy

September 16, 2015 7:07 AM EDT

SunTrust Robinson Humphrey upgraded Oracle (NYSE: ORCL) from Neutral to Buy with a price target of $48.00.

For an analyst ratings summary and ratings history on Oracle click here. For more ratings news on Oracle click here.

Shares of Oracle closed at $37.99 yesterday.

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Trading Radar for 9/16: Oracle (ORCL), FedEx (FDX), LightInTheBox (LITB), Analogic (ALOG), CLARCOR (CLC) Report

September 15, 2015 2:13 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
7:00am EDT

MBA Mortgage Index - no Street consensus

8:30am EDT

CPI - Street sees... More

UBS Reiterates Buy on Oracle (ORCL) Following Field Checks

September 15, 2015 8:43 AM EDT

UBS reiterated a Buy rating and $46.00 price target on Oracle (NYSE: ORCL) following field checks. A global survey of 50 ORCL value-added resellers yielded okay results, with a majority seeing fair q/q sales trends and coming in line with forecasted targets.

Analyst Brent Thill... More