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Oracle Shares Come Back As Guidance Not As Bad As Feared
Thursday, June 23, 2011 - 5:23pm | 92Shares of Oracle (NASDAQ: ORCL) have come back well off their lows, and are now down less than 4% after the software company gave guidance that was not as bad as initially feared. The California-based company said it sees first quarter earnings of 45 to 48 cents per share. Wall Street had been...
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Oracle Corporation Sinks Following Q4 Results
Thursday, June 23, 2011 - 4:26pm | 207Shares of Oracle Corporation (NASDAQ: ORCL) are moving lower in the after-hours trade following the release of its Q4 earnings results. Currently, shares are lower by 6.34%, at $30.40; they closed the regular session higher by 0.80%, at $32.45. Oracle Corporation said that Q4 EPS came in at $0.75...
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Oracle Dropping Despite Earnings Beat
Thursday, June 23, 2011 - 4:11pm | 229Shares of Oracle Corporation (NASDAQ: ORCL) are trading down in after-hours trading, despite the company reported better than expected earnings. The company reported quarterly earnings of 75 cents per share on $10.8 billion in revenues. Wall Street had been expecting earnings of 71 cents per...
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Two New RAFI Fundamental Pure Style ETFs From PowerShares
Thursday, June 23, 2011 - 3:59pm | 673Last week (6/16/11), PowerShares rebranded seven of the nine ETFs in its suite of “Dynamic” style box ETFs as “Fundamental Pure” style box ETFs. For some reason, the PowerShares Dynamic Large Cap Growth Portfolio (PWB) and PowerShares Dynamic Large Cap Value Portfolio (PWV) were excluded from this...
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Earnings Preview: Oracle Corporation
Thursday, June 23, 2011 - 2:46pm | 127Oracle Corporation (NASDAQ: ORCL) is set to report earnings tonight, and Wall Street will be looking whether to see Larry Ellison and company can continue to expand Oracle's presence in a multitude of markets. At last check, shares of Oracle Corporation were off 37 cents to $31.83, a loss of 1.15...
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Critical Levels Broken 06-23-2011
Thursday, June 23, 2011 - 2:44pm | 1052Cusick's Corner Critical levels were broken in both equities and commodities and the Dollar currently is the trade. I did cover my short deltas this morning and am sitting flat but want to see if the Midday lows entice the Bid, seeing a little action in select names. In bond trading -- yields...
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Markets Off Highs Of The Day
Thursday, June 23, 2011 - 2:12pm | 126The markets had struggled towards erasing a large portion of their losses with the NASDAQ popping its head into positive territory, but since then, the losing steam has picked up, and markets are getting back towards their lows again. At last check, the Dow was off 160 points, the NASDAQ was off 9...
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Evolving Systems Stockholders Approve Sale of Numbering Solutions Business to Neustar, Inc.
Thursday, June 23, 2011 - 2:00pm | 108Evolving Systems, Inc. (NASDAQ: EVOL) today announced that at its special meeting of stockholders on June 23, 2011, stockholders approved the sale of the Company's Numbering Solutions business to Neustar, Inc. (NYSE: NSR) for approximately $39.0 million in cash and the assumption of certain...
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U.S. Stocks Down Broadly In Higher Trade
Thursday, June 23, 2011 - 11:52am | 71The major indexes stayed firmly in negative territory at midday Thursday, though they were lifting off their session lows. The NYSE composite was down 1.7%, the S&P 500 1.4% and the Nasdaq composite 0.9%. Volume was tracking higher across the board. The day's sell-off has had a wide reach, with...
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Market Roundup
Thursday, June 23, 2011 - 10:40am | 424Shares of Rite Aid Corp (NYSE: RAD) gained about 3.5% after the company reported narrower-than-expected first-quarter loss. Rite Aid's quarterly narrowed to $65.5 million, or $0.07 per share, from $76 million, or $0.09 per share, in the year-earlier period. Its revenue came in at $6.39 billion....
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Stifel Nicolaus Reiterates Buy on Red Hat
Thursday, June 23, 2011 - 9:27am | 90Stifel Nicolaus is out with its report today on Red Hat (NYSE: RHT), reiterating Buy. In a note to clients, Stifel Nicolaus writes, "We view RHT attractively given the recent weakness in shares (down 3.8% versus Nasdaq up 1.3% YTD). We reiterate our Buy rating and $49 12-month target price based...
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Red Hat Trading Over 4% Higher Pre-Market on Earnings Beat
Thursday, June 23, 2011 - 8:46am | 51Red Hat (NYSE: RHT) is trading over 4% higher pre-market after reporting higher than expected earnings yesterday after the close. The company reported Q1 EPS of $0.24 vs. $0.22 estimate and revenues of $264.7M vs. $253.58M estimate. Red Hat is currently trading at $45.52 in pre-market trading.
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Collins Stewart Neutral On Red Hart After Earnings
Thursday, June 23, 2011 - 8:43am | 150Collins Stewart has a Neutral rating and a $44 price target on shares of Red Hat (NYSE: RHT) after it reported earnings. In a note to clients, Collins Stewart writes, "RHT cited its own execution as well as a positive demand environment, which is evidenced by the fact that the channel business...
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Bank of America Merrill Lynch Maintains Buy on Red Hat
Thursday, June 23, 2011 - 8:41am | 123Bank of America Merrill Lynch is out with its report today on Red Hat (NYSE: RHT), maintaining Buy. In a note to clients, Bank of America Merrill Lynch writes, "RHT has the potential to scale into a highly profitable $1-2bn revenue company by capitalizing on a shift in the server market towards...
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J.P. Morgan Maintains Underweight on Red Hat
Thursday, June 23, 2011 - 8:36am | 108J.P. Morgan is out with its report today on Red Hat (NYSE: RHT), maintaining Underweight. In a note to clients, J.P. Morgan writes, "We believe the current stock price implies a positive inflection point to free cash flow growth of about 25%, which we view as improbable. Our $32 price target...