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ORCL

Oracle

$48.30

-1.89 (-3.77%)

16:39
12/17/17
12/17
16:39
12/17/17
16:39

Oracle buys Aconex for $1.2B

Oracle announced that it has entered into an agreement with Aconex, a leading cloud-based solution that manages team collaboration for construction projects, for A$7.80 per share in cash. The transaction is valued at approximately $1.2B, net of Aconex cash. The Board of Directors of Aconex unanimously recommends the transaction. The transaction is expected to close in the first half of 2018, subject to Aconex shareholder approval and certain regulatory approvals and other customary closing conditions.

ORCL Oracle
$48.30

-1.89 (-3.77%)

12/15/17
RBCM
12/15/17
DOWNGRADE
Target $51
RBCM
Sector Perform
Oracle downgraded to Sector Perform at RBC Capital on lower cloud revenue view
As reported earlier, RBC Capital analyst Ross MacMillan downgraded Oracle to Sector Perform from Outperform and lowered his price target to $51 from $53 after Q2 results. MacMillan says that while better near-term license sales prospects buffer software revenue, bigger license declines can be expected in Q4 and beyond based on the difficult comps and "maturing 12cR2 cycle". The analyst adds that he struggles to find potential catalysts amid more challenging competitive dynamics.
12/15/17
ADAM
12/15/17
NO CHANGE
Target $53
ADAM
Buy
Canaccord lowers Oracle price target to $53 after 'not that good' report
Canaccord analyst Richard Davis said Oracle's Q2 report was "not that good" and "confusing, to say the least." However, he said he is willing to give the company one more quarter to prove it has not become a value trap. Davis, who lowered his outlook on cloud revenue, cloud gross margins and overall operating margins following the report, keeps a Buy rating on Oracle but cut his price target on the shares to $53 from $57.
12/15/17
MSCO
12/15/17
NO CHANGE
Target $50
MSCO
Equal Weight
Oracle 'confounding' Cloud strategy likely caps multiple, says Morgan Stanley
Morgan Stanley analyst Keith Weiss said Oracle's license business is sustaining better than expected due to a more robust on-premise spending environment and the long-awaited 12c database cycle, but he notes that its Cloud revenues and margins missed expectations. The company's Cloud strategy "continues to confound investors," which will likely keep a near-term cap on the stock's multiple, contends Weiss, who raised his price target on Oracle to $50 from $47 but keeps an Equal Weight rating on the name.
12/15/17
12/15/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. RBC Capital analyst Ross MacMillan downgraded Oracle (ORCL) to Sector Perform from Outperform and lowered his price target to $51 from $53 after Q2 results. MacMillan says that while better near-term license sales prospects buffer software revenue, bigger license declines can be expected in Q4 and beyond based on the difficult comps and "maturing 12cR2 cycle". 2. JMP Securities analyst Andrew Boone downgraded Criteo (CRTO) to Market Perform from Outperform and Citi analyst Mark Kelley downgraded Criteo to Neutral, with both citing uncertainty around Apple's (AAPL) potential response to the company's workaround of the tech giant's Intelligent Tracking Prevention. 3. Stifel analyst Jim Duffy downgraded Fitbit (FIT) to Sell from Hold as he expects the company will remain unprofitable and burn cash in 2018. 4. JPMorgan analyst Andrea Teixeira downgraded e.l.f. Beauty (ELF) to Underweight, as she expects continued deterioration in sell-through rates in tracked channels to limit the company's ability to hit its 20%-plus long-term revenue growth target.5. Goldman Sachs analyst Jami Rubin removed Amgen (AMGN) from the Conviction Buy List but maintained a Buy rating on the stock. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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AR

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T

AT&T

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T

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CMCSA

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CMCSK

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GRPN

Groupon

$5.57

0.46 (9.00%)

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Groupon announces Chief Product Officer Jay Sullivan resigns »

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CELG

Celgene

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0.93 (0.91%)

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VALU

Value Line

$19.60

0.3 (1.55%)

17:40
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VALU

Value Line

$19.60

0.3 (1.55%)

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Value Line declares special dividend of 20c per share »

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ZEAL

Zealand Pharma

$15.05

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GNMSF

Genmab

$190.75

2.75 (1.46%)

, JNJ

Johnson & Johnson

$147.36

0.44 (0.30%)

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Johnson & Johnson

$147.36

0.44 (0.30%)

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HII

Huntington Ingalls

$242.12

5.24 (2.21%)

17:21
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Huntington Ingalls awarded $125.2M government contract modification »

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BAESY

BAE Systems

$33.30

0.18 (0.54%)

, GD

General Dynamics

$209.10

1.3 (0.63%)

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General Dynamics

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SYRS

Syros Pharmaceuticals

$10.80

0.27 (2.56%)

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WTFC

Wintrust Financial

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TWTR

Twitter

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ITEK

Inotek Pharmaceuticals

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OIS

Oil States

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AVGO

Broadcom

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-3.41 (-1.26%)

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TRNC

tronc

$19.53

0.3 (1.56%)

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AP

Ampco-Pittsburgh

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CG

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ANDX

Andeavor Logistics

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Options
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TRNC

tronc

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