Oracle CorporationNASDAQ
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  • Today, 1:24 PM
    • Oracle's set a final, November 4, deadline for tender expiration involving the deal. Should minimum terms (20.4M affiliated shares, 40.8M unaffiliated shares) not be met, Oracle plans to terminate the arrangement.
    • Analyst Kash Rangan projects if this happens, NetSuite shares would fall dramatically. His current price target is $68, NetSuite's current price is hovering around $100.
    • Deal offered at $109 per share terms.
    • NetSuite (N -0.8%) and Oracle (ORCL -0.1%) are both are trading 7% lower since the plan was fist announced in late July.
    | Today, 1:24 PM | 5 Comments
  • Fri, Oct. 21, 9:39 AM
    • Outlook for NetSuite's (N -0.2%) Q4 to furthermore not be provided, attributed to pending deal with Oracle (ORCL -0.6%).
    • FY 2016 revenue guidance had been set at $955M-$975M. Updated figures not provided.
    • Q3 resultsrevenue of $243.9M (+26% Y/Y, $6.01M below estimates), recurring revenue from subscription and support of $190M (+23% Y/Y), non-recurring revenue from professional services and other of $53.9M (+41% Y/Y), cash flows from operations of $62M (+126% Y/Y) and net income of $16.1M (vs. $2.6M Y/Y)
    • No conference call to be held.
    • Press release
    | Fri, Oct. 21, 9:39 AM | 3 Comments
  • Fri, Oct. 7, 9:43 AM
    • Deadline set for November 4.
    • Oracle (ORCL -0.1%) to terminate prospective acquisition should minimum tender conditions not be met (20.4M affiliated shares, 40.8M unaffiliated shares).
    • All-cash $109 per NetSuite (N -4%) share structure reiterated.
    | Fri, Oct. 7, 9:43 AM | 5 Comments
  • Tue, Sep. 27, 9:25 AM
    • New suite of products resulting from collaboration introduced as Visa Advertising Solutions. Oracle Data Cloud's digital advertising and cross-device connection data will merge with Visa Advertising Solutions' aggregated purchase data in an effort to provide businesses insight into consumer response to mobile, display, video and social channel campaigns.
    • Target segment recommendations and offers based on previous purchase actions, demographics, interests and other data also highlighted.
    • Visa (NYSE:V): "Successful marketing efforts depend on rich data to measure the results and effectiveness of each channel. Combined, Visa and Oracle have unique and powerful assets to help merchants connect the dots between advertising spend and business results – the holy grail of any marketing program."
    • Oracle (NASDAQ:ORCL): "Working together, we can combine Visa Advertising Solutions’ unmatched purchase data and merchant relationships with the Oracle Data Cloud’s data assets and expertise in building and measuring purchase-based audiences. This allows everyone from restaurants to retailers to improve the effectiveness of their advertising by establishing a direct link between digital ads and actual sales, whether these occurred online or in traditional brick and mortar locations."
    • The initiative was piloted in 2015 to measure online and offline ROI for select merchants' ads served on Twitter.
    | Tue, Sep. 27, 9:25 AM
  • Fri, Sep. 23, 11:24 AM
    • Oracle (NASDAQ:ORCL) declares $0.15/share quarterly dividend, in line with previous.
    • Forward yield 1.53%
    • Payable Oct. 26; for shareholders of record Oct. 12; ex-div Oct. 7.
    | Fri, Sep. 23, 11:24 AM | 4 Comments
  • Mon, Sep. 19, 9:41 AM
    • With Oracle (ORCL +0.6%) looking to take its presence in the cloud to greater heights, an increased focus on security is critical.
      Oracle's SVP of Identity Management and Security Products Peter Barker: "Together, Oracle and Palerra will help accelerate cloud adoption securely by providing comprehensive identity and security cloud services. The combination of Oracle Identity Cloud Service (IDaaS) and Palerra’s CASB solution plan to deliver comprehensive protection for users, applications and APIs, data, and infrastructure to secure customer adoption of cloud."
    • Palerra was founded in 2013 and its team is expected to join Oracle. Terms of the deal were not disclosed.
    • Oracle press release
    • Palerra press release
    | Mon, Sep. 19, 9:41 AM | 3 Comments
  • Mon, Sep. 19, 4:58 AM
    • Oracle's (NASDAQ:ORCL) Larry Ellison fired a shot across Amazon's (NASDAQ:AMZN) bow Sunday evening, declaring that with the release of Oracle's second generation IaaS data centers, "Amazon's lead is over."
    • The Seattle-based company is currently considered the leader in cloud computing.
    • Earlier this year, Morgan Stanley estimated Amazon Web Services generated $7.9B in sales in 2015, nearly 8x as much as Microsoft's Azure, the second largest IaaS player.
    | Mon, Sep. 19, 4:58 AM | 36 Comments
  • Fri, Sep. 16, 2:45 PM
    • Oracle's (ORCL -4.4%) trading lower following its Q1 report, and despite the miss on estimates, Barclays analyst Raimo Lenschow has faith in the cloud.
    • He projects FY 2017 cloud revenue growth to offset decreases in license revenue and represent 10% of that year's total revenue. Also expects growing cloud gross and operating margins to reaccelerate operating profit.
    • Retains $48 price target (current price $39.06).
    • Further analyst commentary
    | Fri, Sep. 16, 2:45 PM | 8 Comments
  • Thu, Sep. 15, 5:36 PM
    • Top gainers, as of 5.25 p.m.: SCOR +6.4%. CAR +6.2%. AINV +3.0%. EMR +2.4%. GSK +2.3%.
    • Top losers, as of 5.25p.m.: ORCL -3.1%. MT -2.7%. CS -2.4%. ERIC -2.2%. VALE -2.0%.
    | Thu, Sep. 15, 5:36 PM | 1 Comment
  • Thu, Sep. 15, 4:27 PM
    • On a GAAP basis, Oracle's (NASDAQ:ORCL) cloud and on-premise software business revenue ($6.8B) increased 5%, cloud SaaS and PaaS revenues ($798M) increased 77% and total cloud revenues ($969M), including IaaS, increased 59%.
    • Non-GAAP operating income of $3.4B, operating margin of 39% and net income of $2.3B. Short-term deferred revenues ($9.5B) increased 4%.
    • CEO Mark Hurd: "This year we are on track to sell more than $2 billion of SaaS and PaaS annually recurring revenue. We believe this will be the second year in a row that Oracle has sold more SaaS and PaaS than any cloud services provider. In the first quarter alone, we added more than 750 new SaaS customers including 344 new SaaS Fusion ERP customers – that's more ERP customers than Workday has sold in the history of their company."
    • Chairman and CTO Larry Ellison: "Next week at Oracle OpenWorld, we will introduce the second generation of our Infrastructure as a Service. Our Generation2 IaaS delivers twice the compute, twice the memory, four times the storage and ten times more I/O at a 20% lower price than Amazon Web Services. IaaS represents a huge new cloud opportunity for Oracle to layer on top of our rapidly growing SaaS and PaaS businesses."
    • Dividend declared of $0.15 per share to be paid on October 26 to shareholders of record at market close on October 12.
    • No NetSuite developments provided.
    • Conference call
    • Press release
    • Results
    | Thu, Sep. 15, 4:27 PM | 5 Comments
  • Thu, Sep. 15, 4:02 PM
    • Oracle (NASDAQ:ORCL): FQ1 EPS of $0.55 misses by $0.03.
    • Revenue of $8.6B (+1.8% Y/Y) misses by $100M.
    • Shares -3.1%.
    • Press Release
    | Thu, Sep. 15, 4:02 PM
  • Wed, Sep. 14, 5:35 PM
  • Tue, Sep. 13, 5:19 PM
    • In a Bloomberg interview, Marc Benioff comments that Oracle's (NASDAQ:ORCL) NetSuite (NYSE:Nacquisition marks a "desperation move" and doesn't feel Oracle will become a stronger CRM competitor because of it. He goes on to cite Larry Ellison's largest NetSuite shareholder status and claims the company was something he simply wanted to have.
    • The $9.3B, $109 per share deal was announced in July, though some recent pushback by shareholder T. Rowe Price to the terms have complicated its closing.
    • Oracle reports Q1 2017 results on Thursday with its share price moderately lower (2.45%) since the NetSuite deal was disclosed. Salesforce (NYSE:CRM), meanwhile, has also realized issues of late, trading down 8% since releasing its Q2 report on the last day of August.
    | Tue, Sep. 13, 5:19 PM | 5 Comments
  • Mon, Sep. 12, 10:25 AM
    • Microsoft (MSFTregisters a new major customer for its CRM offering, marking a win over competitors Salesforce (CRM +0.4%) and Oracle (ORCL +0.6%).
    • HP (HPQ +1.4%) will utilize Dynamics throughout its marketing and sales and services operations. HP already uses Microsoft's Azure, Office 365 and other Microsoft Cloud offerings.
    • HP COO, Jon Flaxman: "We have chosen Microsoft Dynamics as our CRM solution for our direct selling, partners and services. This brings us a cloud-based solution that delivers a more effective and efficient collaboration engine across our business."
    • Though the opportunity for the cloud enterprise space lies within all sizes of businesses, winning a large and notable client like HP demonstrates Microsoft continues to make headway within the highly competitive industry.
    | Mon, Sep. 12, 10:25 AM | 21 Comments
  • Mon, Sep. 12, 9:24 AM
    • The Wall Street Journal takes a look at the rise in use of and revenue derived from flash-based storage products over recent years.
    • Pure Storage (NYSE:PSTG) and Nimble Storage (NYSE:NMBL) are highlighted with respective 9,650% and 641% annual revenue increases from 2013 to the present trailing 12 months period.
    • The examination, however, cites a 20% decrease in share price for Pure Storage on the year with a 9% lower price for Nimble Storage over the same term. Competition in the enterprise data storage space, particularly in regard to flash solutions, is cited as becoming increasingly tight as demand for more efficient data centers continues to rise.
    • Flash arrays offered by competitors EMC (NYSE:DVMT), IBM (IBM), NetApp (NASDAQ:NTAP), Hewlett Packard Enterprise (NYSE:HPE), Hitachi, Oracle (NASDAQ:ORCL) and others are expanding onto the market and subsequently heightening pricing pressure within it.
    • Despite a competitive strain, the report goes on to assert current downcast valuations for small players in the area, especially Pure and Nimble, could pose appealing buyout opportunities going forward.
    | Mon, Sep. 12, 9:24 AM | 46 Comments
  • Mon, Aug. 8, 2:36 PM
    • Initially reported by independent cybercrime journalist Brian Krebs, Oracle (ORCL +0.2%) stated over the weekend it had "detected and addressed malicious code in certain legacy MICROS systems." The company has subsequently asked users of jeopardized services to reset their passwords.
    • Hundreds of systems have supposedly been breached, with customer support portals primarily affected.
    • Oracle reportedly first uncovered the breach in a handful of retail servers and later found the scope of the issue to include more than 700 infected systems.
    • MICROS is one of the top three point-of-sale solutions globally.
    | Mon, Aug. 8, 2:36 PM | 3 Comments