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Fly News Breaks for April 11, 2016
NEWR, CSOD, WDAY
Apr 11, 2016 | 09:21 EDT
After viewing a presentation by Oracle's (ORCL) Mark Hurd, DA Davidson believes that it's "a matter of time before HR software moves to the cloud." The firm says that moving HR to the cloud until now has not been a priority for IT departments. It says that Oracle is "well-positioned to outcompete on HR." However, the firm thinks that Workday (WDAY), Cornerstone OnDemand (CSOD) and New Relic (NEWR) have positive read throughs from Oracle's comments. The firm keeps Buy ratings on all the stocks named.
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