Shares of Oracle jump on upgrade ahead of quarterly report

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Go back to Shares of Oracle jump on upgrade ahead of quarterly report

Nomura Securities Cuts Price Target on Oracle (ORCL) Following 1c EPS Beat

September 17, 2015 9:58 AM EDT

Nomura Securities reiterated a Buy rating on Oracle (NYSE: ORCL), and cut the price target to $44.00 (from $49.00), following the company's 1Q16 earnings results. ORCL reported $8.45bn in revenue, compared to $8.53bn consensus. Non-GAAP EPS of $0.53 was slightly above the Street estimate of $0.52.

Analyst... More

Piper Jaffray Remains Bullish on Oracle (ORCL) Following 1Q16 Earnings

September 17, 2015 8:30 AM EDT

Piper Jaffray reiterated an Overweight rating and $46.00 price target on Oracle (NYSE: ORCL) following the company's 1Q16 earnings results. Results were relatively in-line, with EPS seeing $0.01 of upside relative to consensus.

Analyst Katherine Egbert commented, "While not spectacular, Q1 was... More

Microsoft (MSFT), salesforce.com (CRM) to Extend Strategic Partnership on Microsoft Office

September 16, 2015 4:22 PM EDT

Microsoft (Nasdaq: MSFT) and Salesforce.com (NYSE: CRM) announced plans to extend their strategic partnership to connect the Salesforce Customer Success Platform to Microsoft Office productivity apps and services. The two leaders plan to deliver new solutions that integrate Salesforce with Skype for Business, OneNote, Delve and Windows 10 to empower companies to connect with their customers and collaborate more effectively.

Microsoft and Salesforce continue to deliver on their strategic partnership with the general availability of two new integrations announced in October 2014: Salesforce App for Outlook, which works with Outlook... More