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Another Great Quarter From Oracle; Stock Rises (ORCL, AAPL)
Friday, March 25, 2011 - 12:36pm | 152Outside of Apple (NASDAQ: AAPL), Oracle (NASDAQ: ORCL) is the best large-cap technology stock on the planet. Last night the company released its fiscal Q3 earnings results, and it was another great quarter from the Larry Ellison led enterprise software giant. The company reported adjusted net...
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Wells Fargo Morning Summary (BLC, CAG, KEY, STI, ACN, GIB, ORCL, FITB, PNC, RIMM, PAYX)
Friday, March 25, 2011 - 10:19am | 164Wells Fargo is initiating coverage on Belo Corp. (NYSE: BLC) with an Outperform rating. It is raising estimates on ConAgra Foods (NYSE: CAG), KeyCorp (NYSE: KEY), SunTrust Banks (NYSE: STI), Accenture (NYSE: ACN), CGI Group (NYSE: GIB) and Oracle (NASDAQ: ORCL). It is lowering estimates on Fifth...
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Piper Jaffray Raises ORCL Target From $36 To $37
Friday, March 25, 2011 - 10:07am | 26Piper Jaffray is raising its PT on shares of Oracle (NASDAQ: ORCL) from $36 to $37. Oracle currently trades at $33.23.
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Oracle Zooming 4% After Strong Earnings (ORCL)
Friday, March 25, 2011 - 9:51am | 58Oracle Corporation (NASDAQ: ORCL) shares are popping higher in early Friday trading, after the company reported better than expected earnings. It's also the subject of various price target raises and upgrades around the Street, which is helping shareholders this morning. At last check, shares...
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Morgan Stanley Raises ORCL Target From $37 To $39
Friday, March 25, 2011 - 9:49am | 27Morgan Stanley is raising its PT on shares of Oracle Corp. (NASDAQ: ORCL) from $37 to $39. Oracle currently trades at $33.38.
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Pre-market News And Views
Friday, March 25, 2011 - 9:27am | 412The S&P 500 Index futures(ES-M1) are trading higher by 3.00 points to 1308.25 per contract. The move higher in the futures comes as gross domestic product(GDP) in the United States for the fourth quarter was reported at 3.1 percent beating analyst expectations of an earlier estimate of 2.8...
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UPDATE: Jefferies Raising Price Target On Oracle (ORCL)
Friday, March 25, 2011 - 9:25am | 121Jefferies & Co. is raising its price target on shares of Oracle (NASDAQ: ORCL) to $38 from $37, and it has a Buy rating on shares. In a note to clients, Jefferies writes, "ORCL reported license/ NG rev/ NG EPS of $2.21B/$8.81B/ $0.54 v Street at $2.0B/ $8.67B/ $0.50. Ex a tax benefit in the Q...
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Morgan Stanley Reports Upside On Oracle
Friday, March 25, 2011 - 9:15am | 126According to Morgan Stanley, Oracle (NASDAQ: ORCL) apps lead Q3 and pull a long train of products. Morgan Stanley reported that, with 29% organic constant currency (cc) growth in the app biz against tough comps, it has seen the strongest evidence yet that it is at the beginning of a major...
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UPDATE: J.P. Morgan Raises PT on Oracle to $40 (ORCL)
Friday, March 25, 2011 - 8:44am | 96J.P. Morgan is out with its report today on Oracle (NASDAQ: ORCL), raising its PT from $38 to $40. In a note to clients, J.P. Morgan writes, "ORCL reported a very strong F3Q driven by software license revenue growth that marks a positive inflection in seasonal trends, along with strong margins...
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Benzinga's Top Pre-Market NASDAQ Gainers (BSPM, ORCL, AKAM, ZLCS)
Friday, March 25, 2011 - 8:07am | 127Biostar Pharmaceuticals Inc (NASDAQ: BSPM) rose 19.37% to $2.65 in the pre-market session. BSPM reported upbeat Q4 earnings. Oracle Corporation (NASDAQ: ORCL) added 4.17% to $33.48 in the pre-market session. ORCL posted better-than-expected Q3 earnings. The company also lifted its quarterly...
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JP Morgan Raises PT On Oracle Corporation To $40
Friday, March 25, 2011 - 7:50am | 27JP Morgan has raised the price target on Oracle Corporation (NASDAQ: ORCL) from $38 to $40 and maintains its Overweight rating.
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Morgan Stanley Maintains Overweight on Oracle (ORCL)
Friday, March 25, 2011 - 7:35am | 157Morgan Stanley is out with its report today on Oracle (NASDAQ: ORCL), maintaining Overweight. In a note to clients, Morgan Stanley writes, "A core tenet of our positive thesis on ORCL is that after Sun surprised favorably in CY10, core ORCL software will be the driver of upside in CY11. Constant...
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Citi Updates On ORCL
Friday, March 25, 2011 - 7:24am | 75Citi updates on Oracle Corporation's (NASDAQ: ORCL) EPS. According to Citi, " EPS of $0.54 was positively impacted $0.03 by tax – $0.54 should really be looked at as $0.51, which compared to our $0.50 and street $0.50. Hardware impressively improved to 55% (versus our 53% estimate) and operating...
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US Stock Futures Signal Higher Start On Wall Street; Research In Motion Down, Oracle Up In Pre-Market Trading
Friday, March 25, 2011 - 6:34am | 438US stock futures are higher this morning. Oracle Corp (NASDAQ: ORCL) and Research In Motion Ltd (NASDAQ: RIMM) reported their quarterly results late Thursday. Futures for the Dow Jones Industrial Average gained 52 points to 12,168.00 and S&P 500 index futures rose 6.20 points to 1,311.40....
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Stocks To Watch For March 25 (ACN, ORCL, FINL, RIMM, SABA)
Friday, March 25, 2011 - 12:26am | 409Some of the stocks that may grab investor focus today are: Accenture Plc (NYSE: ACN) reported its FQ2 earnings at $557.6 million, or $0.75 per share, compared with $458.2 million, or $0.60 per share, in the year-earlier period. The company's revenue climbed 17% to $6.5 billion. However, analysts...