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Oracle Reports Q3 EPS of $0.54 vs. $0.50; Revenues $8.8B vs. $8.67B
Thursday, March 24, 2011 - 4:01pm | 146Oracle Corporation (NASDAQ: ORCL) today announced fiscal 2011 Q3 GAAP total revenues were up 37% to $8.8 billion, while non-GAAP total revenues were up 36% to $8.8 billion. Both GAAP and non-GAAP new software license revenues were up 29% to $2.2 billion. GAAP software license updates and product...
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Red Hat Now Up 18% (RHT)
Thursday, March 24, 2011 - 1:59pm | 72Shares of Red Hat, Inc. (NYSE: RHT) continue to move higher after reporting better than expected earnings and guidance last night after the bell. At last check, shares were up $7.43 to $47.40, a gain of 18.5%. This makes shares of Red Hat the best performing stock in the S&P 500 today. Red...
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Trading Oracle's Earnings Today (ORCL, VMW, CTXS, EMC)
Thursday, March 24, 2011 - 1:11pm | 212Oracle (NASDAQ: ORCL) is set to report earnings tonight after the bell, and all eyes will be on what Larry Ellison's company has to say about the state of the tech sector. Wall Street will be looking for earnings of 50 cents per share on revenues of $8.67 billion. This is up from the 38 cents per...
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STOCKS ON THE MOVE NEW YEAR HIGHS:(BRNC),(OME),(PVSW),(GENT),(CAP)
Thursday, March 24, 2011 - 9:37am | 38STOCKS ON THE MOVE YEAR HIGHS:(BRNC),(OME),(PVSW),(GENT)
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J.P Morgan Comments On Red Hat Following Earnings Report
Thursday, March 24, 2011 - 8:45am | 189Red Hat (NYSE: RHT) reported a better than expected top line, none of which made it to the bottom line when excluding a lower tax rate. Strong revenue, billings, and bookings were better than expected, though EPS and cash flow were in line with guidance and expectations. None of the top-line...
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UPDATE: Morgan Keegan Color On OPNT Target Increase
Thursday, March 24, 2011 - 8:19am | 111Morgan Keegan, which raised its PT on shares of OPNET Technologies Inc. (NASDAQ: OPNT), is providing some color on the stock. “4Q11 checks suggest that secular trends in the APM (Application Performance Management) market remain healthy and OPNET's competitive positioning is strong,” Morgan Keegan...
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Benzinga's Top Upgrades (SFD, RHT, MU, BHI)
Thursday, March 24, 2011 - 8:15am | 137Smithfield Foods Inc (NYSE: SFD) was upgraded by BB&T Capital from "hold" to "buy." SFD's shares closed at $22.69 yesterday. Smithfield Foods' PEG ratio is 0.90. RW Baird upgraded Red Hat Inc (NYSE: RHT) from “neutral” to “outperform.” RHT's shares closed at $39.97 yesterday. Red Hat's...
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RHT Is "Well Positioned To Sustain 15%-20% Billings Growth," Oppenheimer Reports
Thursday, March 24, 2011 - 8:12am | 143Red Hat, Inc. (NYSE: RHT) reported strong 4Q11 results, highlighted by ~30% billings growth and a 22% YoY increase in CFFO, Oppenheimer reports. “While the stock has been under pressure due to concerns surrounding the impact of slowing server shipment growth on FY12 billings/CFFO, we believe the...
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Morgan Keegan Raises PT On OPNET Technologies To $40
Thursday, March 24, 2011 - 7:57am | 27Morgan Keegan has raised the price target on OPNET Technologies (NASDAQ: OPNT) from $35 to $40 and maintains its Outperform rating.
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Morgan Stanley Maintains Overweight on Red Hat (RHT)
Thursday, March 24, 2011 - 7:47am | 189Morgan Stanley is out with its report today on Red Hat (NYSE: RHT), maintaining Overweight after RHT's strong Q4 results. In a note to clients, Morgan Stanley writes, "RHT blew out Q4 ests. with key metrics effectively dismantling the three bear cases weighing on the stock. 1) Billings accelerated...
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Red Hat Sees Q1 EPS of $0.21 to $0.22
Thursday, March 24, 2011 - 7:27am | 23Red Hat (NYSE: RHT) sees Q1 EPS of $0.21 to $0.22 and revenues of $252M to 255M
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RBC Capital Ups MCRS To Outperform
Thursday, March 24, 2011 - 6:30am | 52Analysts at RBC Capital upgrade MICROS Systems Inc (NASDAQ: MCRS) from “sector perform” to “outperform.” The target price for MCRS has been raised from $50 to $58. MCRS shares rose 0.12% to close at $47.59 yesterday. More Analyst Ratings here
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US Stock Futures Up As Investors Await Economic Data, Crude Oil Jumps Above $106 a barrel
Thursday, March 24, 2011 - 6:20am | 475US stock futures are higher this morning, as investors are awaiting economic data. Crude oil prices surged above $106 a barrel. Futures on the Dow Jones Industrial Average rose 44 points to 12,065.00 and S&P 500 futures gained 5.50 points to 1,297.60. Nasdaq 100 futures jumped 16 points to 2,...
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Pre-Market Outlook: European Equities Gain, U.S. Futures Flat
Thursday, March 24, 2011 - 6:10am | 186European equity markets are shrugging off Spanish bank ratings downgrades and the resignation of Portugal's prime minister Thursday, as stocks are up broadly. Futures ares indicating a flat open for U.S. markets, with the S&P 500, Nasdaq, and Dow indicies all trading even to 0.1% higher. Best...
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Earnings Scheduled For March 24 (ACN, BBY, ORCL, CAG, RIMM, UTIW, FRED, CHRS, FINL, SCHL, GME, TLB, SABA)
Thursday, March 24, 2011 - 1:21am | 347Accenture plc (NYSE: ACN) is projected to report its FQ2 EPS at $0.71 on revenue of $5.72 billion. Best Buy Co Inc (NYSE: BBY) is estimated to post its Q4 earnings at $1.85 per share on revenue of $16.29 billion. Oracle Corporation (NASDAQ: ORCL) is projected to report its FQ3 EPS at $0.49 on...