- San Jose Mercury News•9 minutes ago
Oracle is buying NetSuite for $9.3 billion, spending big to boost its position in the battle for the cloud. The Redwood City software giant competes with companies such as Salesforce, Workday, The ...
- Barrons.com•16 minutes ago
Oracle’s CEO Mark Hurd, one of two CEOs along with Safra Catz, said the company’s cloud apps are “complementary, and will co-exist in the marketplace forever." The deal is expected to close this year and will be accretive to Oracle’s earnings on a non-GAAP basis “immediately,” said Catz. Ross MacMillan of RBC, who has an Outperform rating on NetSuite, writes the deal valuation is high, relative to recent deals: "The $109 price for N is ~8.5x NTM EV/Sales vs average of 6.2x NTM EV/Sales for the deals done this year. Another one, he suggests, is The Sage Group PLC (SGE), listed on the London Stock Exchange.
|Bid||40.98 x 800|
|Ask||40.99 x 3700|
|52wk Range||33.13 - 42.00|
|Day's Range||40.82 - 41.40|
|Avg Vol (3m)||13,738,206|
As of 10:32 AM EDT. NYSE Real Time Price. Market open.