47.47 +0.09 (0.19%)
After hours: 7:04PM EDT
|Bid||47.21 x 4000|
|Ask||0.00 x 900|
|Day's Range||47.13 - 48.13|
|52 Week Range||42.57 - 53.48|
|Beta (3Y Monthly)||1.10|
|PE Ratio (TTM)||49.98|
|Forward Dividend & Yield||0.76 (1.59%)|
|1y Target Est||N/A|
VC Daily: 2018 Set for M&A Bonanza; A16z Wades Into Public Market Good day. A record-setting year for mergers and acquisitions is taking shape even as valuations get ever loftier. Today we look at what is behind the bonanza, and how sustainable it is.
Earlier this year, the Department of Defense announced a winner-take-all competition in order to select a cloud computing company to host its sensitive information. Some of the initial contenders included ...
German software company SAP reported a 41 percent jump in cloud revenues in the third quarter as its business transformation gathers pace, enabling management to raise guidance for revenues and profits this year. Europe's most valuable tech company is ramping up sales and installations of its cloud-based S/4HANA business suite, which is superseding its mainstay Business Suite enterprise software that is sold under licence and runs at on-site servers. "The future has never been brighter at SAP - we're fired up and ready to go," CEO Bill McDermott told journalists on a conference call, highlighting a full fourth-quarter order book.
Bezos portrayed the choice two ways — as a patriotic duty as well as a duty to act like the adults in the room, contrasting starkly with Silicon Valley tech companies that have walked away from lucrative programs.
Oracle (ORCL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Shares of Workday Inc. are up 1.9% in premarket trading Wednesday after Bernstein analyst Mark Moerdler upgraded the stock to outperform from market perform. "We have determined that even if the [enterprise resource planning] market moves reasonably slowly to the cloud, it is large enough and the fact there are only a few vendors with a competitive SaaS [software-as-a-service] solution should allow Workday to continue to gain share," Moerdler wrote. He calculates that Workday could still expand its subscription revenue by 24% to 36% a year through 2022 even if the company doesn't pick up share from Oracle Corp. or SAP SE . Moerdler also sees room for the company to grow its margins. Workday shares are up 25% over the past 12 months, while the S&P 500 has gained 10%.
Investing.com - IBM (NYSE:IBM) reported third quarter earnings that beat analyst's expectations on Tuesday and revenue that fell short of forecasts.
FireEye’s (FEYE) gradual shift towards a subscription-based business model continues to act as a key catalyst for the company’s ARR (annual recurring revenue) growth. In the last five quarters, the cyber-security firm has witnessed strong growth in ARR driven by higher adoption of its intelligence-based cyber-security products. Its strategic alliance with leading cloud operators like Microsoft (MSFT) and Oracle (ORCL) could drive its subscription-based plan globally.
Paul Allen was the man who originally convinced Bill Gates to drop out of Harvard and found Microsoft Corp. ( MSFT). Allen left Microsoft in 1983 due to Hodgkins Lymphoma, but remained on the board until 2000.
NVIDIA's (NVDA) continued product launches in the computing segment, as well as increasing demand for its AI-driven graphics chips and technologies, are expected to aid the company.
Netflix but has been growing its Hollywood presence aggressively, poaching top talent from its legacy studio and network rivals. Now a new report says the streaming giant's outsized salaries are roiling Tinseltown.
IBM (IBM) seems to be heading in the right direction to achieve its annual FCF (free cash flow) target of $12 billion. At the end of the second quarter, the company generated a FCF of $3.2 billion on a cumulative basis—compared to $3.6 billion in the same period last year. In 2017, IBM’s FCF was $13 billion. In the last five years, the company maintained an annual run rate of ~$13 billion. Based on IBM’s past historical trends, its FCF target of $12 billion in 2018 could be achieved. Even IBM’s capex-to-sales ratio is low at 4.3%.
IBM’s (IBM) international revenues, which include the EMEA (Europe, Middle East, and Africa) and Asia-Pacific regions, continue to generate strong business. On a combined basis, both of the regions contribute ~53% of IBM’s overall revenues.
Steven Romick (Trades, Portfolio), t he portfolio manager of the FPA Crescent Fund, sold shares of the following stocks during the third quarter. Warning! GuruFocus has detected 4 Warning Signs with ORCL. The guru reduced his Oracle Corp. (ORCL) holding by 48.85%.
On October 10, Oracle (ORCL), the leading database operator, formed a partnership with LinkedIn (MSFT) to streamline HR (Human Resource) solutions. The integrations between Oracle HCM (Human Capital Management) Cloud, LinkedIn, and Taleo Enterprise Edition might reduce the gap between employees’ job responsibilities and the organizations’ overall business objectives. The partnership will allow the HR departments to reduce attrition rates and enhance employee satisfaction across different enterprises through proper training and career development.
In yesterday’s trading, leading technology giant Microsoft (MSFT) fell 5.43%, which was one of its highest declines in the last year. In the graph below, you can see Microsoft’s stock movement compared to its peers. The overall US market is bleeding red, driven by rising interest rates.
Oracle picked Austin for its first startup accelerator in the U.S. Now meet the companies that will join the initial cohort, with a chance to work on the cutting edge of cloud computing — and also meet some of Oracle's 430,000-odd customers, including many of the largest businesses in the world.
The median salary of the nine highest paid male CEOs in the Bay Area is $33.36 million compared to $11.65 million of the nine top-paid female CEOs, a stark difference perhaps exacerbated by the prominence of male tech CEOs in the region.
JEDI as structured "denies America’s warfighters access to the best technology available across multiple vendors," the company says.
Blockchain technology underpins cryptocurrency transactions. Recently, tech giants Amazon (AMZN), Microsoft (MSFT), Oracle (ORCL), and Facebook have relied on blockchain solutions to build efficient data tracking and security systems. Retail behemoth Walmart (WMT) is also pushing its lettuce suppliers to use blockchain software to upload data about their foods.
The 41-year-old company is still a leader in software and IT solutions from enterprise resource planning (ERP) to customer relationship management (CRM) and supply chain management (SCM). Warning! GuruFocus has detected 5 Warning Signs with ORCL. Granted, in the last decade, while Google grew revenue from $21 billion to over $123 billion, and even Microsoft doubled its top-line numbers, Oracle has puttered along.
For months, Google executives have faced tough questions from rank-and-file employees about the company’s willingness to sell its technology to the military.