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ORCL

Oracle

$48.28

-0.17 (-0.35%)

08:19
06/14/18
06/14
08:19
06/14/18
08:19

Technical Take: Oracle falls in early trading after CIO survey, analyst action

The stock was last down over 2.1% to $47.25 in pre-market trading after a CIO survey showed a contraction in spend. At current price next support is at $46.03. Resistance is at the $48 area. As previously reported, JPMorgan downgraded the stock on the heels of the survey to Neutral and trimmed its price target from $55 down to $53. Nomura Instinet cut its price target from $64 to $60.

  • 19

    Jun

ORCL Oracle
$48.28

-0.17 (-0.35%)

05/01/18
BERN
05/01/18
NO CHANGE
BERN
Amazon Aurora more expensive than oracle for enterprise workloads, says Bernstein
Bernstein analyst Mark Moerdler notes that there has been a generally held belief that Amazon (AMZN) Aurora was positioned to take customers and share from Oracle (ORCL) but that is "simply not true." Excluding the significant feature/functionality limitations of Aurora for the enterprise workloads that are core to the Oracle database business, Amazon has priced Aurora for small departmental workloads used possibly 8 hours a day/5 days a week, he contends. As the database workload grows in size and the data is accessed more frequently Aurora becomes less and less competitive, the analyst adds. Moerdler believes this debunks one major threat. For Amazon, he does not see this as a problem since there is a very large opportunity for departmental databases.
06/14/18
JPMS
06/14/18
DOWNGRADE
Target $53
JPMS
Neutral
Oracle downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Mark Murphy downgraded Oracle to Neutral and lowered his price target for the shares to $53 from $55.
06/14/18
JPMS
06/14/18
DOWNGRADE
Target $53
JPMS
Neutral
JPMorgan downgrades Oracle after CIO survey shows spending contraction
JPMorgan analyst Mark Murphy downgraded Oracle (ORCL) to Neutral from Overweight and lowered his price target for the shares to $53 from $55. The stock closed yesterday down 18c to $48.27. The shares have risen from the $30s into the high $40s over the last two years, but the company's fundamental performance has remained inconsistent, Murphy tells investors in a research note. Further, the analyst notes that in his firm's recent survey of 154 chief investment officers, Oracle received the largest number of indications for planned spending contraction this year, materially more than the second-worst company. The CIOs indicate contraction in Oracle spending this year, placing the company alongside IBM (IBM), Checkpoint (CHKP), and CA (CA), Murphy contends. He notes the results of his firm's CIO surveys over the years "have been highly predictive."
06/14/18
NOMU
06/14/18
NO CHANGE
Target $60
NOMU
Buy
Oracle price target lowered to $60 from $64 at Nomura Instinet
Nomura Instinet analyst Christopher Eberle lowered his price target for Oracle to $60 ahead of the company's Q4 results on June 19. The analyst trimmed his estimates to account for currency and expectations for more modest revenue acceleration in fiscal 2019. He remains optimistic, however, on Oracle's transition and model growth reacceleration as the year progresses. Eberle keeps a Buy rating on the shares, which JPMorgan this morning downgraded to Neutral.

TODAY'S FREE FLY STORIES

23:50
09/19/18
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General news
Nellie Liang »

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CRM

Salesforce

$152.88

-3.12 (-2.00%)

, CPCAY

Cathay Pacific

$0.00

(0.00%)

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Cathay Pacific to partner with Salesforce on digital transformation »

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CRM

Salesforce

$152.88

-3.12 (-2.00%)

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Cathay Pacific

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UCTT

Ultra Clean

$13.42

-0.13 (-0.96%)

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SPY

SPDR S&P 500 ETF Trust

$291.22

0.26 (0.09%)

, SPX

S&P 500

$0.00

(0.00%)

21:00
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General news
President Trump to nominate Nellie Liang to Federal Reserve Board of Governors »

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SPY

SPDR S&P 500 ETF Trust

$291.22

0.26 (0.09%)

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$0.00

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EB

Eventbrite

$0.00

(0.00%)

20:53
09/19/18
09/19
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20:53
Syndicate
Eventbrite 10M share IPO priced at $23.00 »

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  • 20

    Sep

EFX

Equifax

$134.27

-3.78 (-2.74%)

20:40
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Hot Stocks
Equifax UK arm fined GBP500K for security breach in 2017 »

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BSVN

Bank7

$0.00

(0.00%)

20:29
09/19/18
09/19
20:29
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20:29
Syndicate
Bank7 3.4M share IPO priced at $19.00 »

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  • 20

    Sep

THO

Thor Industries

$105.72

2.44 (2.36%)

, DRI

Darden

$117.90

-1.03 (-0.87%)

20:25
09/19/18
09/19
20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

THO

Thor Industries

$105.72

2.44 (2.36%)

DRI

Darden

$117.90

-1.03 (-0.87%)

SANW

S&W Seed

$3.15

0.1 (3.28%)

03/08/13
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    Oct

LGCY

Legacy Reserves

$4.78

-0.18 (-3.63%)

19:34
09/19/18
09/19
19:34
09/19/18
19:34
Initiation
Legacy Reserves initiated at Seaport Global »

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CMT

Core Molding

$7.75

-0.15 (-1.90%)

19:07
09/19/18
09/19
19:07
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19:07
Hot Stocks
Core Molding names Eric Palomaki VP of Operations »

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RMNI

Rimini Street

$6.92

0.33 (5.01%)

19:07
09/19/18
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19:07
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Hot Stocks
Rimini Street obtains Australian single touch payroll certification »

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MLHR

Herman Miller

$37.30

0.2 (0.54%)

, LCI

Lannett

$4.85

0.15 (3.19%)

18:56
09/19/18
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18:56
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: Herman…

MLHR

Herman Miller

$37.30

0.2 (0.54%)

LCI

Lannett

$4.85

0.15 (3.19%)

AVP

Avon Products

$2.32

0.03 (1.31%)

NGD

New Gold

$1.10

0.03 (2.80%)

AMD

AMD

$31.20

-0.73 (-2.29%)

RHT

Red Hat

$143.38

0.59 (0.41%)

MTEM

Molecular Templates

$6.25

2.15 (52.44%)

CRSP

Crispr Therapeutics

$51.90

-1.27 (-2.39%)

KOS

Kosmos

$9.35

0.04 (0.43%)

VKTX

Viking Therapeutics

$19.64

0.17 (0.87%)

03/08/13
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LCI

Lannett

$4.85

0.15 (3.19%)

18:49
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18:49
Hot Stocks
Breaking Hot Stocks news story on Lannett »

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NKE

Nike

$84.43

-0.86 (-1.01%)

18:43
09/19/18
09/19
18:43
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18:43
Periodicals
Nike has sold out 61% more merchandise after Kaepernick ad, Reuters says »

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ADVM

Adverum Biotechnologies

$5.85

0.05 (0.86%)

18:38
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Hot Stocks
Adverum Biotechnologies receives fast track designation for ADVM022 gene therapy »

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  • 01

    Oct

BTI

British American Tobacco

$46.87

-0.475 (-1.00%)

18:11
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Hot Stocks
British American Tobacco CEO Durante to retire April 1, 2019 »

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KRNY

Kearny Financial

$13.75

0.25 (1.85%)

18:02
09/19/18
09/19
18:02
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18:02
Hot Stocks
Kearny Financial declares special cash dividend of 16c per share »

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AVA

Avista

$51.50

0.01 (0.02%)

18:00
09/19/18
09/19
18:00
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18:00
Hot Stocks
Avista, Hydro One extend merger end date »

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AMZN

Amazon.com

$1,926.27

-14.93 (-0.77%)

17:57
09/19/18
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17:57
09/19/18
17:57
Periodicals
Amazon leaks new Alexa smart plug and a subwoofer, Verge says »

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FB

Facebook

$163.06

2.75 (1.72%)

17:45
09/19/18
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17:45
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17:45
Periodicals
Facebook sets up 'War Room' for safeguarding elections, NY Times says »

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  • 28

    Oct

RRTS

Roadrunner

$1.16

-0.065 (-5.33%)

17:45
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17:45
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17:45
Syndicate
Roadrunner files S-1 for rights offering to existing holders »

Roadrunner announced that…

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ASB

Associated Banc-Corp

$26.45

0.3 (1.15%)

17:35
09/19/18
09/19
17:35
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17:35
Hot Stocks
Associated Banc-Corp announces $200M share repurchase program »

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BLIN

Bridgeline Digital

$1.02

-0.01 (-0.98%)

17:32
09/19/18
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17:32
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17:32
Syndicate
Breaking Syndicate news story on Bridgeline Digital »

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NGD

New Gold

$1.10

0.03 (2.80%)

17:29
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17:29
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New Gold sells Mesquite Mine to Eqiunox Gold for $158M »

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  • 23

    Sep

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$291.22

0.26 (0.09%)

17:23
09/19/18
09/19
17:23
09/19/18
17:23
Periodicals
Trudeau wants to see more U.S. flexibility around NAFTA, Reuters says »

Canadian prime minister…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$291.22

0.26 (0.09%)

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