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ORCL

Oracle

$50.11

0.06 (0.12%)

, AMZN

Amazon.com

$1,164.13

-0.95 (-0.08%)

13:50
12/14/17
12/14
13:50
12/14/17
13:50

On The Fly: What to watch for in Oracle's earnings report

Oracle (ORCL) is scheduled to report results of its fiscal second quarter after the market close on December 14, with a conference call scheduled for 5:00 pm ET. What to watch for: 1. REVENUE CONSENSUS UP A TICK: Along with its last report, Oracle guided for Q2 adjusted earnings per share in the range of 64c-68c on revenue growth of 2%-4%. At the time, analysts were expecting the company to report Q2 EPS of 68c on revenue of $9.49B, but that revenue figure has since risen to $9.57B. The EPS consensus view for the quarter remains unchanged. The company reported total revenue of $9.04B in Q2 of 2016. 2. CLOUD BUSINESS GROWTH: Also in the last report, Oracle co-chief executive officer Safra Catz said that "sustained hyper-growth" in the company's Cloud business continues to drive the database software and technology company's overall revenue and earnings "higher and higher." Oracle reported Q1 Cloud revenue of $1.5B, marking 51% growth year-over-year, and guided for Cloud revenue growth of 39%-43% in Q2. The company noted on its quarterly conference call that it sees Q2 Cloud bookings to be "stronger" than in Q1, and noted that it sees its fiscal 2018 Cloud booking rate being "quite strong." 3. BLOCKCHAIN CLOUD SERVICE: In early October, Oracle announced Oracle BlockChain Cloud Service, a cloud platform that helps customers increase business velocity, create new revenue streams, and reduce cost and risk by securely extending ERP, supply chain, and other enterprise SaaS and on-premises applications to drive tamper-resistant transactions on a trusted business network. Additionally, Oracle said at the time that it plans to offer Oracle BlockChain Cloud Service as part of Oracle Platform for Open Banking, and provide seamless connectivity between Oracle FLEXCUBE and other banks to enable greater security, scalability, and transparency in the information exchanged. Blockchain is a technology that has been implemented as a core component of digital currency bitcoin. 4. CEO THINKS ORACLE CAN WIN CLOUD WARS: Also in early October, Oracle co-CEO Mark Hurd told CNBC at the OpenWorld conference that he thinks his company can win the cloud wars despite the domination of Amazon Web Services (AMZN). "I like our chances against anybody -- anybody," Hurd said at the time. "I think we're going to win, bar none."

ORCL

Oracle

$50.11

0.06 (0.12%)

AMZN

Amazon.com

$1,164.13

-0.95 (-0.08%)

  • 14

    Dec

  • 18

    Mar

ORCL Oracle
$50.11

0.06 (0.12%)

11/03/17
BMOC
11/03/17
NO CHANGE
Target $40
BMOC
Market Perform
Teradata price target raised to $40 from $32 at BMO CapitalVMware
BMO Capital analyst Keith Bachman raised his price target on Teradata (TDC) to $40, saying the company's turnaround is driven by the buying capacity of existing customers. While Bachman believes the recurring product revenue growth is sustainable, he sees Oracle (ORCL) and VMware (VMW) as more attractively valued, keeping a Market Perform rating on Teradata.
11/09/17
UBSW
11/09/17
DOWNGRADE
Target $55
UBSW
Neutral
Oracle assumed with a Neutral from Buy at UBS
UBS analyst Jennifer Swanson Lowe downgraded Oracle to Neutral and lowered her price target for the shares to $55 from $57 after assuming coverage of the name. The analyst believes the stock at current levels leaves little room for error as the company transitions to the cloud. Further, she believes Street estimates do not fully reflect the near-term risk to margins or growth as the model shifts.
12/06/17
BARD
12/06/17
NO CHANGE
BARD
Baird identifies 13 areas of opportunity for Blockchain technology
Baird analyst Colin Sebastian has identified 13 areas of opportunity for Blockchain technology to have an impact. He sees Blockchain as platform enhancing in IoT, virtual goods, cloud storage, online gaming, and eSports. He sees the Blockchain as platform disruptive in online marketing, e-commerce, ride-sharing, digital music/media, and peer-to-peer payments. Sebastian believes technology companies will be talking more about it as they become more engaged in the areas he has mentioned and noted companies such as Amazon (AMZN), Oracle (ORCL) and VMware (VMW) have already recruited engineers with Blockchain experience.
12/06/17
RBCM
12/06/17
NO CHANGE
Target $53
RBCM
Outperform
Oracle price target lowered to $53 from $56 at RBC Capital
RBC Capital analyst Ross MacMillan lowered his price target on Oracle to $53, saying that his proprietary customer survey suggests that the company's cloud revenue and margins are slightly below consensus. MacMillan says that while the findings suggest that many of Oracle's customers find its technology stack remains relevant, modeling modest spending increases over the next 3 years, many customers also indicate that they do not use Oracle cloud services today and are unlikely to do so in the future. The analyst keeps his Outperform rating on Oracle, forecasting a 12% revenue growth and 42% operating margins.
AMZN Amazon.com
$1,164.13

-0.95 (-0.08%)

12/14/17
LOOP
12/14/17
NO CHANGE
Target $4
LOOP
Hold
Pier 1 Imports Q3 performance 'roundly disappointing', says Loop Capital
Loop Capital analyst Anthony Chukumba keeps his Hold rating and $4 price target on Pier 1 Imports (PIR) after a "roundly disappointing" Q3 earnings report that saw comps fall, gross margins contract, and Q4 outlook come well short of expectations. Chukumba says he is "increasingly worried about the relevance" of the company amid rising online competition, particularly as Amazon (AMZN) becomes "more serious about the category". With the stock down over 25% in the pre-market, the analyst says a Hold rating remains appropriate.
12/14/17
BERN
12/14/17
NO CHANGE
Target $65
BERN
Outperform
Target acquisition of Shipt a step in right direction, says Bernstein
Bernstein analyst Brandon Fletcher notes that Target (TGT) announced it would acquire Shipt for $550M, and plans to roll out same day delivery to the majority of its stores in 2018 and will include all major product categories in 2019. While the analyst believes this deal is unlikely to prove the final game-changing solution that puts Target in the game against Amazon (AMZN) and Wal-Mart (WMT), he sees it as a step in the right direction. Fletcher reiterates an Outperform rating and $65 price target on Target's shares.
12/14/17
MSCO
12/14/17
NO CHANGE
Target $1250
MSCO
Overweight
Amazon Prime subscription growth may be slowing in U.S., says Morgan Stanley
Morgan Stanley analyst Brian Nowak noted his firm's survey indicated that 40% of those surveyed in the U.S. identified themselves as being Prime members, which is essentially flat with the firm's survey in the fourth quarter of 2016 and may indicate that U.S. Prime subscriber growth could be plateauing. However, he also notes that Prime retention and intent to sign up remain high and Amazon's global subscription revenue growth is accelerating. Nowak, who calls U.S. Prime subscriber trends "important to monitor," keeps an Overweight rating and $1,250 price target on Amazon shares.
12/14/17
MKMP
12/14/17
NO CHANGE
Target $77
MKMP
Buy
Target price target raised to $77 from $66 at MKM Partners
MKM Partners analyst Patrick McKeever raised his price target on Target (TGT) to $77 after its acquisition of Shipt for $550M. McKeever says the deal makes him more positive on Target's ability to compete with Amazon (AMZN) and Walmart (WMT) over the longer term. The analyst notes that while Target stock performance has recently improved along with other retail names, shares still trade at 14.2-times forward earnings estimate relative to Walmart's 20.8-times. McKeever keeps his Buy rating on Target.

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MRK

Merck

$59.07

0.61 (1.04%)

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CWH

Camping World

$20.09

-1.31 (-6.12%)

10:18
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Hot Stocks
Camping World slides after reporting change in registered public accounting firm »

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EVOP

EVO Payments

$0.00

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10:17
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Syndicate
EVO Payments indicated to open at $20.80, IPO priced at $16.00 »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
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Technical Analysis
NYSE market internals summary »

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CWH

Camping World

$20.20

-1.2 (-5.61%)

10:13
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Hot Stocks
Camping World slides after reporting change in registered public accounting firm »

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KMI

Kinder Morgan

$15.97

0.03 (0.19%)

10:10
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Options
Bullish option flow in Kinder Morgan »

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JD

JD.com

$36.41

0.04 (0.11%)

10:05
05/23/18
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Options
JD.com call volume above normal and directionally bullish »

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XLNX

Xilinx

$68.97

-2.69 (-3.75%)

10:04
05/23/18
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Technical Analysis
Technical Take: Xilinx falls after investor day »

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10:03
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General news
New Home Sales data reported »

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TIF

Tiffany

$117.76

15.5 (15.16%)

10:01
05/23/18
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Tiffany analyst commentary  »

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  • 23

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MGM

MGM Resorts

$31.57

-0.005 (-0.02%)

09:55
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Options
MGM Resorts put volume heavy and directionally bearish »

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TIF

Tiffany

$116.41

14.15 (13.84%)

, RL

Ralph Lauren

$126.98

10.31 (8.84%)

09:55
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Options
Early notable gainers among liquid option names on May 23rd »

Notable gainers among…

TIF

Tiffany

$116.41

14.15 (13.84%)

RL

Ralph Lauren

$126.98

10.31 (8.84%)

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Lowe's

$92.09

6.35 (7.41%)

URBN

Urban Outfitters

$42.69

1.48 (3.59%)

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Advance Auto Parts

$117.04

1.72 (1.49%)

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PLAB

Photronics

$9.30

0.25 (2.76%)

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Conference/Events
Photronics to hold an analyst and investor event »

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Senate Banking, Housing & Urban Affairs Committee to hold a hearing »

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HPP

Hudson Pacific

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RL

Ralph Lauren

$126.44

9.77 (8.37%)

09:53
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ICE

IntercontinentalExchange

$71.75

(0.00%)

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Facebook

$182.80

-1.01 (-0.55%)

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-14.17 (-0.90%)

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Apple

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WLBA

Westmoreland Coal

$0.00

(0.00%)

, WMLP

Westmoreland Resource Partners

$1.34

0.03 (2.29%)

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WLBA

Westmoreland Coal

$0.00

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WMLP

Westmoreland Resource Partners

$1.34

0.03 (2.29%)

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HPE

HP Enterprise

$16.79

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