Drexel Hamilton Remains Bullish on Oracle (ORCL) Following 2Q Earnings Report

FBR Capital Cuts Price Target on Oracle (ORCL) Following In-Line 2Q

December 17, 2015 8:50 AM EST

FBR Capital maintained a Market Perform rating on Oracle (NYSE: ORCL), and cut the price target to $41.00 (from $44.00), following the company's in-line 2Q report. Total revenue of $9.0B came in essentially in line with consensus of $9.06B and FBR's estimate of $9.09B and was down 6% YOY. Pro forma EPS of $0.63 were above the consensus of $0.60 on an apples-to-apples basis, above the companys guidance range of $0.63 $0.66 on a constant... More

FBR Trims PT on Oracle (ORCL) to $41; Could Solutions Facing Key Window of Opportunity

December 17, 2015 8:43 AM EST

FBR & Co. lowers its price target on Market Perform-rated Oracle Corp. (NYSE: ORCL) from $44 down to $41 following Q2 results issued Wednesday night.

Analyst Daniel Ives commented: Last night, December 16, ORCL delivered F2Q16 (Nov) results essentially in line on revenue and beating slightly on the bottom line, a dynamic... More

Oracle (ORCL) PT Trimmed to $45 at Jefferies Following 'Mixed' Q2

December 17, 2015 7:39 AM EST

Jefferies analyst Brent Thill reiterated a Buy rating but trimmed his price target on Oracle (NYSE: ORCL) to $45.00 (from $46.00) following mixed Q2 results.

Thill commented, "Mixed F2Q results were characterized by a $60M total miss relative to consensus with hardware the main culprit ($87M downside to Street), though higher-margin rev areas, namely new... More

After-Hours Stock Movers 12/16: (PSUN) (FDX) (UPS) Higher; (PIR) (APOG) (ORCL) Lower (more...)

December 16, 2015 6:07 PM EST

Pandora (NYSE: P) 18.4% HIGHER; CRB rate decision. The rate for commercial subscription services in 2016 is $0.0022 per-performance. The rate for commercial nonsubscription services in 2016 is $0.0017 per-performance.

Pier 1 Imports (NYSE: PIR) 14% LOWER; reported Q3 EPS of $0.13, $0.02 better than the analyst estimate of $0.11. Revenue for the quarter came in at $472.5 million versus the consensus estimate of $492.82 million. Company comparable sales decreased 0.7% (a 0.5% increase on a constant currency basis) as compared to the year ago period; GUIDANCE: Pier 1 Imports sees FY2016 EPS of $0.42-$0.46, versus... More

Market Wrap: Fed Hikes Rates; Valeant Trims Outlook; BATS to Try Another IPO; Industrial Production Lagged in Nov.

December 16, 2015 5:27 PM EST

Market wrap for December 16th

End of the Day: S&P 500 up 29.7 to 2,073.07; Dow Jones up 224.2 to 17,749.09; Nasdaq up 75.8 to 5,071.13

Market Brief: The Fed raised its rates by 0.25 points, as anticipated following the October meeting. Markets ran higher following the announcement.

Housing starts outpaced in November, while industrial production fell more than expected for the month.

Valeant cut FY16 expectations amid Philidor debacle, new Walgreens agreement

BATS Global Markets is trying for an IPO once again.

Hilton may... More

Oracle (ORCL) Guides Q3 EPS Inline with Views

December 16, 2015 5:15 PM EST

Oracle (NYSE: ORCL) sees Q3 adjusted EPS of $0.63 - $0.66 in constant currency, compared with the Street consensus at $0.65.

... More

Oracle (ORCL) Adds Renée James as Director

December 16, 2015 4:40 PM EST

Oracle (NYSE: ORCL)

announced that it has unanimously elected Renée James to the companys Board of Directors. The election is effective as of December 16, 2015 and increases the size of the Board to 13 directors.

We are pleased to have Renée join our Board as an... More

Oracle (ORCL) Declares $0.15 Quarterly Dividend; 1.5% Yield

December 16, 2015 4:31 PM EST

Oracle (NYSE: ORCL) declared a quarterly dividend of $0.15 per share, or $0.6 annualized.

The dividend will be payable on January 27, 2016, to stockholders of record on January 6, 2016, with an ex-dividend date of January 4, 2016.

The annual yield on the dividend is 1.5 percent.

For a... More

Oracle (ORCL) Tops Q2 EPS by 3c

December 16, 2015 4:29 PM EST

Oracle (NYSE: ORCL) reported Q2 EPS of $0.63, $0.03 better than the analyst estimate of $0.60. Revenue for the quarter came in at $9 billion versus the consensus estimate of $9.07 billion.

Revenue Highlights:

Total Cloud Revenues were $649 million, up 26% in U.S. dollars and up 31% in constant currency.Cloud software as a service (SaaS) and platform as a service (PaaS) revenues were $484 million, up 34% in U.S. dollars and up 39% in constant currency.Cloud infrastructure as a service... More

Trading Radar for 12/16: Oracle (ORCL), FedEx (FDX), Joy Global (JOY), Jabil (JBL), Pier 1 (PIR) Report

December 15, 2015 2:37 PM EST

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

Before Markets Open:
Economics:
7:00am EST

MBA Mortgage Index - no Street consensus

8:30am EST

Building Permits - Street sees 1.150MHousing Starts - Street sees... More