Tag Archives: orcl

Oracle Resurgence Might Be Coming, But Likely Not Yet

Investors will have to wait a little longer for any revenue resurgence from Oracle (ORCL). That’s the assessment from analysts ahead of the business software giant’s fiscal second-quarter earnings report after the market close Wednesday. Oracle is the longtime database leader and vies with SAP (SAP) for the No. 1 position in business application software, but its growth has stalled as it struggles to adapt to the fast-growing cloud-computing era.

Oracle Seen Losing Share To Cloud Rivals, Downgraded

Oracle (ORCL) stock slipped Thursday after the database leader was downgraded by Morgan Stanley and RBC Capital on valuation, worries over China’s IT spending and growing competition from cloud computing vendors. RBC Capital downgraded Oracle to sector perform from outperform. Morgan Stanley downgraded Oracle to equal weight from overweight. “Oracle should remain a cash-flow-generating machine and still grow EPS faster than revenue, but we believe

Tech spending survey positive for Adobe, Oracle, Salesforce.com

A survey of chief information officers on their 2014 spending priorities bodes well for cloud computing, networking, security and apps. Pacific Crest Securities on Wednesday released the results of its annual CIO survey, which assesses information technology spending trends and implications across enterprise IT. The survey of 63 corporate chief information officers in November indicated that cloud, security and mobile technologies would continue to take a greater percentage of IT budgets next year. Surprisingly, the data also show that on-premise software could rebound in 2014. Pacific Crest analysts see Adobe Systems (ADBE) and Salesforce.com (CRM) as large-cap companies gaining spending share through secular trends next year. They see Infoblox (BLOX), Equinix (EQIX), Palo Alto Networks (PANW) and Qlik Technologies (QLIK) as mid-cap gainers and Gigamon (GIMO), Bazaarvoice (BV) and Brightcove (BCOV) as small-cap gainers. They predict that Oracle (ORCL) and Aruba Networks (ARUN) will benefit from cyclical growth trends. Overall…