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ORCL

Oracle

$54.05

1.41 (2.68%)

06:15
03/22/19
03/22
06:15
03/22/19
06:15

Oracle quietly laid off employees this week, Business Insider reports

Oracle quietly held a round of layoffs this week, Business Insider's Julie Bort reports. The unspecified number of cuts happened across the company but they also occurred in a segment of Oracle's cloud business, Bort says. An Oracle spokesperson says that "As our cloud business grows, we will continually balance our resources and restructure our development group to help ensure we have the right people delivering the best cloud products to our customers around the world." Reference Link

ORCL Oracle
$54.05

1.41 (2.68%)

03/15/19
JMPS
03/15/19
NO CHANGE
JMPS
Market Perform
JMP Securities questions if Ellison might want to take Oracle private
After Oracle reported better than expected Q3 results and guided to as reported revenue growth in Q4 that was below the consensus, JMP Securities analyst Patrick Walravens cited "a number of factors" that make him wonder whether Larry Ellison "might be slowly moving toward taking Oracle private." Among them he lists the company's aggressive share buybacks, which he notes are driving Ellison's beneficial ownership of the common stock higher as a percentage of the class; the fact that several industry sources have recently told him Ellison is more engaged now than he has been in several years; and Ellison's remarks in 2015 about how "brilliant" Michael Dell and Jim Davidson were for taking Dell private and then buying EMC. Despite his questioning about whether Ellison would like to take Oracle private, Walravens maintain a Market Perform rating on Oracle shares.
03/15/19
RBCM
03/15/19
NO CHANGE
Target $57
RBCM
Sector Perform
Oracle price target raised to $57 from $55 at RBC Capital
RBC Capital analyst Ross MacMillan raised his price target on Oracle to $57 after its Q3 earnings beat driven by operating expense controls and buybacks but also kept his Sector Perform rating due to "lackluster" revenue performance. The analyst notes that the company's "weak billings" implies no top-line acceleration this year, adding that while he continues to look for faster growth in the Cloud segment and a pick-up from Autonomous segment growth, he sees "no reason" to change his view at this time.
03/15/19
03/15/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Oracle (ORCL) downgraded to Market Perform from Outperform at BMO Capital with analyst Keith Bachman saying he believes Oracle can sustain ~2% constant currency revenue growth, but is "dubious" the company can improve its revenue growth rates. 2. Zillow (ZG, Z) downgraded to Underweight from Equal Weight at Barclays with analyst Deepak Mathivanan citing his expectations for a "material erosion" in unit economics in its Homes division, the operational challenges facing the company in buying, fixing up, and selling homes at scale and the fact that he thinks the company's efforts to slowly transition its core PA business closer to transaction will keep revenue growth muted in the near-term. 3. State Street (STT) downgraded to Hold from Buy at Deutsche Bank with analyst Brian Bedell saying he no longer sees any near- or intermediate-term positive catalysts for the stock given the likely continued revenue growth pressures this year. 4. Live Nation (LYV) downgraded to Neutral from Buy at Citi with analyst Jason Bazinet saying he continues to like Live Nation's business model and long-term growth prospects, but he views the valuation as "full" at current share levels. 5. Adobe (ADBE) downgraded to Sector Weight from Overweight at KeyBanc with analyst Brent Bracelin citing the company's fiscal Q1 results. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/20/19
DZBN
03/20/19
DOWNGRADE
DZBN
Sell
Oracle downgraded yesterday to Sell from Buy at DZ Bank

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NEXT

NextDecade

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-0.1 (-1.56%)

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LINX

Linx S.A.

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0.22 (2.93%)

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Conference/Events
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GIS

General Mills

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0.48 (0.88%)

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ROAD

Construction Partners

$14.39

-0.42 (-2.84%)

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Syndicate
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NVST

Envista

$0.00

(0.00%)

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Syndicate
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INVH

Invitation Homes

$28.49

0.31 (1.10%)

19:51
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Syndicate
Invitation Homes 44M share Spot Secondary priced at $28.25 »

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AMC

AMC Entertainment

$11.46

-0.46 (-3.86%)

, NCMI

National CineMedia

$8.35

0.25 (3.09%)

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Hot Stocks
AMC Entertainment corrects 'inaccurate' statement by National CineMedia »

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AMC

AMC Entertainment

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NCMI

National CineMedia

$8.35

0.25 (3.09%)

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BA

Boeing

$384.61

5.74 (1.52%)

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House panel invites Boeing CEO to testify on 737 MAX »

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O

Realty Income

$75.76

1.81 (2.45%)

18:56
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Hot Stocks
Realty Income raises monthly cash dividend to 22.7c per share from 22.65c »

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NLNK

NewLink Genetics

$1.90

-0.03 (-1.55%)

, CDW

CDW

$113.91

0.94 (0.83%)

18:54
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Hot Stocks
Fly Intel: After Hours Movers »

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NLNK

NewLink Genetics

$1.90

-0.03 (-1.55%)

CDW

CDW

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0.94 (0.83%)

TELL

Tellurian

$8.33

-0.1 (-1.19%)

NEXT

NextDecade

$6.30

-0.1 (-1.56%)

FDX

FedEx

$173.53

-0.14 (-0.08%)

XPO

XPO Logistics

$73.83

-0.76 (-1.02%)

CHWY

Chewy

$30.20

-0.2 (-0.66%)

ADBE

Adobe

$284.59

1.54 (0.54%)

IOTS

Adesto Technologies

$10.63

-0.66 (-5.85%)

PTCT

PTC Therapeutics

$43.26

0.27 (0.63%)

TBIO

Translate Bio

$11.01

0.405 (3.82%)

ACAD

Acadia

$42.60

-1.45 (-3.29%)

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YUMA

Yuma Energy

$5.08

-0.05 (-0.97%)

18:51
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Hot Stocks
Yuma Energy enters forbearance agreement with lender YE Investment »

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ADBE

Adobe

$284.59

1.54 (0.54%)

18:45
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Hot Stocks
Adobe CEO: We experienced growth across all of our segments »

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ARAY

Accuray

$3.09

-0.03 (-0.96%)

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Data in Lancet Oncology discloses lower toxicity for Accuray Cyberknife patients »

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FBK

FB Financial

$38.33

-0.36 (-0.93%)

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FB Financial acquires FNB Financial »

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GM

General Motors

$38.28

1.07 (2.88%)

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Periodicals
GM stops paying health insurance costs for union workers on strike, Reuters says »

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TOT

Total

$52.85

0.08 (0.15%)

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Periodicals
Total CEO says Saudi oil facility strikes will have consequences, Reuters says »

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SMMF

Summit Financial Group

$25.96

-0.29 (-1.10%)

18:02
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Summit Financial and Cornerstone Financial sign merger agreement »

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STLD

Steel Dynamics

$30.93

-0.89 (-2.80%)

18:01
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Earnings
Steel Dynamics sees Q3 EPS 66c-70c, consensus 71c »

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FDX

FedEx

$173.53

-0.14 (-0.08%)

18:00
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Hot Stocks
Breaking Hot Stocks news story on FedEx »

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FDX

FedEx

$173.53

-0.14 (-0.08%)

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BTI

British American Tobacco

$36.84

0.825 (2.29%)

, PM

Philip Morris

$71.98

-0.54 (-0.74%)

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General News
NY State implements first-in-nation ban on flavored e-cigarettes »

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BTI

British American Tobacco

$36.84

0.825 (2.29%)

PM

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$71.98

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MO

Altria Group

$41.31

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MRK

Merck

$82.53

0.52 (0.63%)

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Merck says FDA approves Keytruda-Lenvima combo treatment »

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ENB

Enbridge

$35.27

0.1 (0.28%)

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FDX

FedEx

$173.53

-0.14 (-0.08%)

17:47
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FedEx EVP Carere says building 'powerful relationships' with many retailers »

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