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ORCL

Oracle

$54.66

0.4 (0.74%)

06:14
05/13/19
05/13
06:14
05/13/19
06:14

Oracle's China staff protests, blames trade war for R&D job cuts, FT reports

Oracle has fired 900 employees from its China division, accounting for 60% of its research and development effort in the region, and some are blaming U.S. and China tensions for the layoffs, the Financial Times' Yuan Yang and Nian Liu report, citing eight employees of the Beijing R&D center. Staff protested outside of the Oracle building after a surprise announcement that the company was "optimizing" its workforce and redundancies would be made by May 22 with some employees blaming the trade war and many expecting the whole China R&D operation to eventually shutter. Reference Link

  • 19

    May

ORCL Oracle
$54.66

0.4 (0.74%)

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
03/29/19
EXAN
03/29/19
INITIATION
Target $50
EXAN
Neutral
Oracle initiated with a Neutral at Exane BNP Paribas
Exane BNP Paribas analyst Stefen Slowinski initiated coverage on Oracle with a Neutral and $50 price target.
04/09/19
CLVD
04/09/19
NO CHANGE
CLVD
Cleveland Research says Okta commentary 'favorable' at Oktane19
Cleveland Research does not formally cover or have an investment opinion in Okta, but Cleveland analyst Ben Bollin noted that partner commentary from Oktane19, Okta's annual partner conference, was "positive on the company's growth trajectory and competitive position," and that it seems Okta is winning at the expense of legacy vendors such as Oracle (ORCL). Bollin also noted that Microsoft (MSFT) seems to be Okta's main competitive threat in identity & access management. In midday trading, shares of Okta are higher by 5.2% to $92.13.

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RTN

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NTLA

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NVLN

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CVEO

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LQDA

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V

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QCOM

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