Google accused of tracking user activity even after opting out, Reuters reports » 06:0007/1507/15/20
GOOG, GOOGL, FB, ORCL
A lawsuit filed Tuesday…
A lawsuit filed Tuesday alleges Google (GOOGL) tracks user activity through hundreds of thousands of apps, even after people opt out of sharing information, Reuters' Paresh Dave reports. Boies Schiller Flexner has represented competitors to Google, including Facebook (FB) and Oracle (ORCL), according to the report. The complaint accuses Google of violating federal wiretap law and California privacy law by logging what users are looking at in news, ride-hailing and other types of apps despite them having turned off "Web & App Activity" tracking in their Google account settings. Reference Link
Rimini Street appoints Gerard Brossard as COO » 09:1307/1307/13/20
RMNI, ORCL, SAP
Rimini Street (RMNI)…
Rimini Street (RMNI) announced the appointment of Gerard Brossard to the newly created role of executive vice president and COO. Brossard is responsible for Rimini Street's global field operations and the global sales and success of the company's support and application management services for Oracle (ORCL) and SAP (SAP) products. Brossard reports directly to Rimini Street CEO, Seth Ravin. Prior to joining Rimini Street, Brossard served as executive vice president and general manager of Rackspace's global solutions and services group, where he had P&L responsibility for all products, solutions and services.
|Over a week ago|
Oracle selected for cloud services by Canadian government » 08:0207/0907/09/20
Oracle has been awarded a…
Oracle has been awarded a Framework Agreement for the provision of secure cloud services to the Government of Canada. This agreement gives Oracle's Canadian federal government customers the ability to store, manage and process sensitive data and applications in Oracle Cloud Infrastructure.
NetScout announces cloud collaboration with Oracle » 06:0606/2906/29/20
NetScout (NTCT) announced…
NetScout (NTCT) announced that it is collaborating with Oracle (ORCL) to help customers gain end-to-end visibility for service assurance and security of mission-critical applications and services across their hybrid cloud infrastructures. NetScout is a gold level member of the Oracle PartnerNetwork, or OPN. NetScout's vStream and virtual nGeniusOne are now available from the Oracle Cloud Marketplace, offering Oracle Cloud customers application visibility and the ability to leverage information contained in application and network traffic for real-time telemetry. This enables I.T. teams to gain visibility and perform monitoring and troubleshooting of their critical services, regardless of the application or underlying infrastructure, with the ability to provide the forensics needed for responses. Deployable from Oracle Cloud Infrastructure, the nGeniusOne platform uses ISNG software, appliances, and vStream agents, to provide service assurance by identifying developing service delivery problems across any hybrid cloud environment. It analyzes network and application traffic to deliver end-to-end visibility into the availability and performance of applications, networks, service enablers and end-users.
Notable open interest changes for June 24th » 08:5506/2406/24/20
AAPL, T, ORCL, INO
Tuesday's total option volume of 25.8 million contracts resulted in net open interest growth of 3.78 million calls and 3.11 million puts. Apple (AAPL), AT&T (T), Oracle (ORCL) and Inovio (INO) saw the greatest growth. Top five new positions opened include 40k AT&T (T) Aug-20 29 puts, 32k Invesco Mortgage (IVR) Jan-21 5 calls, 28k AT&T (T) Aug-20 30 puts, 27k Oracle (ORCL) Aug-20 60 calls and 27k T Mobile (TMUS) 6/26 weekly 115 puts.
Oracle price target raised to $61 from $58 at Goldman Sachs » 07:1806/2406/24/20
Goldman Sachs analyst…
Goldman Sachs analyst Heather Bellini raised the firm's price target on Oracle to $61 from $58 and keeps a Conviction Buy rating on the shares. The analyst increased price targets across her Software and Select Internet coverage universe to reflect higher peer multiples, lower interest rates, and reduced equity risk premiums. Following a 30% contraction in the average enterprise value to sales multiples from the February peak, valuations across software have expanded 75% from mid-March troughs, surpassing July 2019 highs, Bellini tells investors in a research note.
Unusually active option classes on open June 23rd » 09:4006/2306/23/20
NTR, WY, ORCL, SONO, KGC, BOX, INO, NKE, SPCE, PENN
Unusual total active…
Unusual total active option classes on open include: Nutrien (NTR), Weyerhaeuser (WY), Oracle (ORCL), Sonos (SONO), Kinross Gold (KGC), Box (BOX), Inovio (INO), Nike (NKE), Virgin Galactic (SPCE), and Penn National (PENN).
Fly Intel: Top five analyst downgrades » 10:0606/1906/19/20
ORCL, WORK, PSA, HUN, FBNC
Catch up on today's…
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Oracle (ORCL) downgraded to Hold from Buy at Argus with analyst Joseph Bonner citing its "difficult" Q4 results that were impacted by COVID-19 and the currency headwinds. 2. Slack Technologies (WORK) downgraded to Sell from Neutral at Goldman Sachs with analyst Heather Bellini saying although Slack has been a near-term beneficiary of the work from home environment, a key investor focus from here will be the company's "enduring battle" with Microsoft Teams (MSFT) over market share. 3. Public Storage (PSA) downgraded to Hold from Buy at Argus with analyst Jacob Kilstein citing its valuation and low growth potential. 4. Huntsman (HUN) downgraded to Neutral from Buy at Seaport Global with analyst Michael Harrison citing concerns on the pace of recovery and a lack of visibility. 5. First Bancorp (FBNC) downgraded to Neutral from Buy at DA Davidson with analyst Kevin Fitzsimmons citing the company's negative pre-announcement at an industry conference that was also disclosed in an 8-K filing earlier this week, calling for Q2 net interest income to fall 4%-6% from Q1 and noting net interest margin falling about 50bps in April-May to 3.47%. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Oracle cut to Hold at Argus on limited 'traction' in current environment » 07:2806/1906/19/20
As previously reported,…
As previously reported, Argus analyst Joseph Bonner downgraded Oracle to Hold from Buy after its "difficult" Q4 results that were impacted by COVID-19 and the currency headwinds. The analyst notes that the management expects revenue to accelerate in FY21, but he does not see the company "gaining much traction" in the current economic environment, cutting his FY21 EPS view by 12c to $4.07. Oracle's free cash flow generation remains enviable, but it has also "declined substantially" due to a falloff in cash from operations, Bonner tells investors in a research note.
Oracle downgraded to Hold from Buy at Argus » 07:1006/1906/19/20
Argus analyst Joseph…
Argus analyst Joseph Bonner downgraded Oracle to Hold from Buy.