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Oracle trades amid a broad market rally and tech-sector gains driven by progress toward a US-Iran peace agreement and softer inflation data.

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Update: Equities Drop Intraday as Inflation Fears Mount Amid Surging Oil Prices
US Markets

Update: Equities Drop Intraday as Inflation Fears Mount Amid Surging Oil Prices

(Updates with latest market prices and developments.)Wall Street's main equity indexes were lower intraday as oil prices and bond yields surged amid mounting inflation pressures.The Dow Jones Industrial average was down 0.6% at 52,050.7 after midday Thursday, while the S&P 500 fell 0.5% to 7,597.9. The Nasdaq Composite shed 0.4% to 26,140.2. The indexes closed Wednesday trading in the red for the third consecutive session.Barring consumer staples and communication services, all sectors were in the red on Thursday, led by materials.US producer prices rose at the fastest pace in three months in August amid higher fuel costs, official data showed Thursday. Oxford Economics predicted further upward pressure on wholesale costs as domestic diesel prices hit fresh peaks.US benchmark West Texas Intermediate crude oil was up 6.1% at $101.91 a barrel intraday, while Brent surged 5.9% to $107.20.Iran-aligned Houthis seized control of Yemen's port city of Mocha on Thursday, military sources said, gaining further leverage over the Bab el-Mandeb Strait, the southern side of the Red Sea, Reuters reported.The Organization of the Petroleum Exporting Countries cut its global oil demand outlook for 2026 on Thursday as high energy prices are expected to weigh on consumption.US Treasury yields jumped intraday, with the two-year rate up 12.7 basis points at 4.55% and the 10-year rate rising 8.8 basis points to 4.93%.Markets are pricing in a 72% probability that the Federal Reserve will raise the benchmark lending rate by 25 basis points at next week's policy meeting, up from 61% on Wednesday, according to the CME FedWatch tool. The remaining odds point to another Fed pause.Cooper Companies (COO) shares were the worst performer on the S&P 500, down 15%. The medical device manufacturer's fiscal third-quarter results released late Wednesday showed sales missed Wall Street's estimates, overshadowing the earnings beat. It also lowered its full-year outlook.Apple (AAPL) rose 2.9%, the biggest gain on the Dow. The iPhone maker unveiled its first foldable smartphone Wednesday, entering a category currently led by Samsung.Apple is apparently prioritizing volume gains over margins with its lower-than-expected pricing on the new iPhones, Morgan Stanley said in a note.Oracle (ORCL) and Adobe (ADBE) are scheduled to release their quarterly earnings reports after markets close on Thursday.Spot gold nudged down 0.8% to $4,364.40 per troy ounce, while silver slumped 5.4% to $64.97 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$ADBE$COO$ORCL
Asia Markets

Update: US Equity Futures Lower Pre-Bell Thursday as Traders Assess Inflation Data Amid Higher Oil Prices

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were edging lower pre-bell Thursday as traders assessed the first of two key inflation reports this week and observed oil prices continuing to ascend, with Brent crude futures exceeding $105 per barrel.Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were down 0.4%, and Nasdaq futures were 1% lower.President Donald Trump said that he expects the war with Iran to end after the November US midterm elections, according to media reports. He told reporters Wednesday that Iran was trying to influence the elections.Traders digested the latest round of earnings, with Macy's (M) posting higher fiscal Q2 adjusted earnings and revenue.Oracle (ORCL) is expected to report its fiscal Q1 earnings after the market closes. Analysts polled by FactSet expect earnings of $1.74 per share on revenue of $19.14 billion.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 4.4% at $105.67 per barrel and US West Texas Intermediate crude 4.8% higher at $100.66 per barrel.The US Producer Price Index, a measure of wholesale inflation released at 8:30 am ET, rose 0.4% in August as expected in a survey compiled by Bloomberg, and following a 0.1% gain in July. The consumer price index follows on Friday.Initial jobless claims fell to 206,000 in the week ended Sept. 5 from 207,000 in the previous week, compared with expectations for a drop to 205,000.The existing home sales report, scheduled for release at 10 am ET, is expected to show a decrease of 1.7% for August after a 1.7% drop in the prior month.In other world markets, Japan's Nikkei closed 0.2% higher, Hong Kong's Hang Seng ended 1.3% lower, and China's Shanghai Composite finished 0.4% lower. Meanwhile, the UK's FTSE 100 was down 0.6%, and Germany's DAX index was 0.2% lower in Europe's early afternoon session.In equities, Macy's stock fell 4% after the company reported its fiscal Q2 financial results. HSBC (HSBC) shares dropped 1.9% after the company said that Pam Kaur plans to step down as chief financial officer and executive director next year. UBS (UBS) stock was down 1.8% after a Reuters report that the company plans to cease its fund sales unit in China at the end of September.On the winning side, Exxon Mobil (XOM) and ConocoPhillips (COP) shares were up 1.9% and 2.3%, respectively, as part of a broader upswing in energy-related stocks.

Dow JonesNasdaq CompositeS&P 500$COP$HSBC$M$ORCL$UBS$XOM
Japan

US Equity Futures Mixed Pre-Bell Thursday as Traders Await Inflation Data Amid Higher Oil Prices

US equity futures were mixed pre-bell Thursday as traders awaited the first of two key inflation reports this week and observed oil prices continuing to ascend, with Brent crude futures exceeding $103 per barrel.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were down 0.1%, and Nasdaq futures were 0.6% lower.President Donald Trump said that he expects the war with Iran to end after the November US midterm elections, according to media reports. He told reporters Wednesday that Iran was trying to influence the elections.Traders digested the latest round of earnings, with Macy's (M) posting higher fiscal Q2 adjusted earnings and revenue.Oracle (ORCL) is expected to report its fiscal Q1 earnings after the market closes. Analysts polled by FactSet expect earnings of $1.74 per share on revenue of $19.14 billion.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 2.7% at $103.95 per barrel and US West Texas Intermediate crude 3.1% higher at $99.17 per barrel.The August Producer Price Index, a measure of wholesale inflation, is scheduled for release at 8:30 am ET. The consumer price index follows on Friday.The weekly jobless claims bulletin is expected at 8:30 am ET, while the existing home sales report is slated for 10 am ET.

Dow JonesNasdaq CompositeS&P 500$M$ORCL
Stocks Mostly Up Pre-Bell Ahead of Producer Prices Report
US Markets

Stocks Mostly Up Pre-Bell Ahead of Producer Prices Report

The main US stock measures were mostly pointing higher in Thursday's premarket activity as traders await last month's wholesale inflation data.The S&P 500 edged up 0.1%, and the Dow Jones Industrial Average increased 0.2% before the opening bell, while the Nasdaq was down 0.2%. The indexes closed Wednesday trading in the red for the third consecutive session.Last month's producer price index, a measure of wholesale prices, is scheduled to be released at 8:30 am ET. Official data is expected to show that producer prices rose 0.4% and 5.3% in August on sequential and annual bases, respectively, according to a Bloomberg-compiled consensus.The consumer price index for August is scheduled for release on Friday.Federal Reserve Chair Kevin Warsh said late last month that the central bank should focus on its price stability mandate, in what came across as hawkish remarks amid concerns among other Fed officials over elevated inflation."Rising oil prices raise the risk of further inflationary pressures coming down the pipeline, increasing the argument for the (Federal Reserve) to act sooner than later," Stifel Chief Economist Lindsey Piegza said Wednesday in a report e-mailed to.Markets are pricing in a 61% probability that the Fed will raise the benchmark lending rate by 25 basis points, according to the CME FedWatch tool.Treasury yields were trending upwards, with the two-year rate rising 1.3 basis points to 4.44% and the 10-year rate adding 1.9 basis points to 4.86%.On Wednesday, the US Treasury Department disclosed a plan to repurchase up to $6 billion in longer-term government bonds, triple the amount initially outlined to investors. Last month, the Treasury announced it was upsizing its liquidity support buyback operations for longer-dated securities by "at least double" to $4 billion per operation.West Texas Intermediate crude oil rose 1.5% to $97.52 a barrel, while Brent moved up 1% to $102.18.President Donald Trump warned Iran against activity at a suspected nuclear site on Pickaxe Mountain, CNBC reported. "We notice there's a little activity at Pickaxe," Trump reportedly said Wednesday. "I would advise Iran not to get cute because we will have to hit them very hard."Iran reportedly said Wednesday it attacked 10 ships near the Strait of Hormuz. The attacks followed American forces destroying five Iranian crude oil carriers in response to Tehran firing ballistic missiles at a US navy warship.Trump's top administration advisers have raised privately the prospect of the Iran war dragging on through the remainder of his term, The Wall Street Journal reported.Thursday's economic calendar also has the weekly jobless claims bulletin at 8:30 am, followed by the existing home sales report for August at 10 am. The weekly EIA domestic petroleum inventories report is out at 12 pm.Shares of Apple (AAPL) gained 1.2% pre-bell as the technology giant unveiled its first foldable smartphone on Wednesday. Meta Platforms (META) added 1.3% after finishing the previous trading session up 6.6%.AeroVironment (AVAV) spiked 6.5% while American Eagle Outfitters (AEO) dropped 12% after reporting their latest financial results.Oracle (ORCL), Adobe (ADBE), Copart (CPRT) and RH (RH) are expected to release their quarterly earnings after the markets close. Macy's (M) posts its results before the bell.Gold nudged down 0.5% to $4,438 per troy ounce, while bitcoin dipped 0.6% to $77,915.

Dow JonesNasdaq CompositeS&P 500$AAPL$ADBE$AEO$AVAV$CPRT$M$META$ORCL$RH
Update: Equities Dip, Oil Jumps as Middle East Tensions Escalate
US Markets

Update: Equities Dip, Oil Jumps as Middle East Tensions Escalate

(Updates with market moves at the end of the day, and other changes, if any.)US stocks fell for a second consecutive session on Tuesday as heightened tensions in the Middle East drove oil prices higher.The Dow Jones Industrial Average closed 1.2% lower at 52,786.07, while the S&P 500 shed 0.6% to 7,673.52. The Nasdaq Composite dipped 0.3% to 26,421.41. US markets were closed Monday for the Labor Day holiday.Most sectors ended in the red, led by healthcare, while energy paced the gainers.West Texas Intermediate crude oil rose 2.4% to $93.71 a barrel in Tuesday late-afternoon trade, having hit a high of $94.73 earlier in the day. Brent crude climbed 1.9% to $98.79, after advancing earlier to reach an intraday peak of $99.46.Yemen's Iran-allied Houthi group struck civilian and economic sites in Saudi Arabia, injuring 73 people, the kingdom's Ministry of Foreign Affairs said Tuesday. The Houthi group targeted Saudi Aramco's facilities across Abha, Najran, and Jazan, Bloomberg News reported, citing the group's military spokesperson.US Central Command said Saturday that its forces targeted three Iranian oil tankers on Saturday in response to Tehran firing ballistic missile at two American Navy warships.Treasury yields were higher, with the two-year rate up 1.7 basis points at 4.4% and the 10-year rate rising 0.8 basis point to 4.79%.US consumers had mixed views on the inflation trajectory in August, seeing prices hold steady in the short- and long-term but expecting a drop over the next three years, a survey by the Federal Reserve Bank of New York showed Tuesday.The August consumer and producer price data for August, due out later this week, could serve as crucial data points for the Federal Open Market Committee, which begins its two-day policy meeting Tuesday next week.Markets are pricing in a 59% probability that the FOMC will raise the benchmark lending rate by 25 basis points on Sept. 16, with the remaining odds pointing to another Fed pause, according to the CME FedWatch tool.In company news, Boston Scientific (BSX) shares fell 5.9% after the medical device maker said it may not be able to meet its own guidance, citing a "material impact" from a recent cybersecurity incident.ABM Industries (ABM) tightened its full-year earnings outlook as the facility services provider's bottom line for the fiscal third quarter topped market estimates. The company's shares jumped 7.6%.S&P 500 companies' second-quarter earnings growth continues to outpace early forecasts as the reporting season draws to a close, Oppenheimer Asset Management said Tuesday.Cloud computing giant Oracle (ORCL) and photoshop maker Adobe (ADBE) are scheduled to report results later in the week.Spot gold dropped 1.1% to $4,357.46 per troy ounce, while silver edged down 0.4% to $66.50 per ounce.

Dow JonesNasdaq CompositeS&P 500$ABM$ADBE$BSX$ORCL
Update: Equities Fall Intraday as Traders Track Middle East Developments
US Markets

Update: Equities Fall Intraday as Traders Track Middle East Developments

(Updates with latest market prices and developments.)US benchmark equity indexes were lower intraday, while oil prices were volatile amid intensifying tensions in the Middle East.The Dow Jones Industrial Average was down 1% at 52,875.1 after midday Tuesday, while the S&P 500 fell 0.3% to 7,692.4. The Nasdaq Composite edged down 0.1% to 26,484.7. The indexes finished Friday's trading session in the red.US markets were closed Monday for the Labor Day holiday.Among sectors, healthcare led the laggards intraday Tuesday, while utilities paced the gainers.West Texas Intermediate crude oil rose 0.7% to $92.09 a barrel, having hit a high of $94.73 earlier in the day. Brent crude edged down 0.1% to $96.90, after advancing earlier to reach an intraday peak of $99.46.Yemen's Iran-allied Houthi group struck civilian and economic sites in Saudi Arabia, injuring 73 people, the kingdom's Ministry of Foreign Affairs said Tuesday. The Houthi group targeted Saudi Aramco's facilities across Abha, Najran, and Jazan, Bloomberg News reported, citing the group's military spokesperson.The attacks were in retaliation to Saudi strikes in northwestern Yemen, BBC reported, citing the Houthis.The US Treasury Department said Tuesday it "sanctioned 36 targets for supporting Iran's aviation sector, which the regime uses to move weapons, personnel, and illicit cargo."Treasury yields were little changed intraday, with the two-year rate at 4.38% and the 10-year rate at 4.79%.In company news, Boston Scientific (BSX) shares fell 4.7% after the medical device maker flagged its inability to meet its third-quarter and full-year financial outlooks, citing a "material impact" from a recent cybersecurity incident.ABM Industries (ABM) tightened its full-year earnings outlook as the facility services provider's bottom line for the fiscal third quarter topped market estimates. The company's shares were up 7.8%.S&P 500 companies' second-quarter earnings growth continues to outpace early forecasts as the reporting season draws to a close, Oppenheimer Asset Management said Tuesday.Cloud computing giant Oracle (ORCL) and Photoshop maker Adobe (ADBE) are scheduled to report results later in the week.Spot gold ticked down 0.2% to $4,393.97 per troy ounce, while silver rose 0.5% to $67.06.

Dow JonesNasdaq CompositeS&P 500$ABM$ADBE$BSX$ORCL
Wire

Oracle Expected to Post 'Strong' Q1 Results Despite Financing Overhang, Oppenheimer Says

Oracle (ORCL) is expected to report "strong" fiscal Q1 results, with upside potential for Oracle Cloud Infrastructure growth and Remaining Performance Obligations conversions, Oppenheimer said in a Tuesday note.The company is scheduled to report fiscal Q1 financial results on Thursday.Oppenheimer expects revenue of $19.1 billion and adjusted earnings of $1.74 per share, up 18%.The investment firm said the broader enterprise software group delivered a strong quarter on healthy demand, which bodes well for Oracle's cloud business. Oppenheimer said, however, that financing risk remains a meaningful overhang for Oracle that is unlikely to be resolved in fiscal Q1.Analysts said that Oracle's five-year credit default swap recently approached record highs, indicating investor concerns around the company's capital commitments for data centers.Oppenheimer retained its outperform rating on the stock, with a $275 price target.Shares of Oracle were up nearly 4% in Tuesday afternoon trading.Price: $164.72, Change: $+5.94, Percent Change: +3.74%

$ORCL
S&P 500 Second Quarter Earnings Outpace Forecast as Reporting Season Nears End, Oppenheimer Says
US Markets

S&P 500 Second Quarter Earnings Outpace Forecast as Reporting Season Nears End, Oppenheimer Says

S&P 500 companies' second-quarter earnings growth continues to outpace early forecasts as the reporting season draws to a close, Oppenheimer Asset Management said Tuesday.With earnings season set to finish this week, profits reported so far are up 53.2% from a year earlier on a gain in revenue of 15.6%, Oppenheimer said.Prior to the start of the quarter, bottom-up estimates from FactSet put analysts' projected earnings growth at 23.6%, the anlaysts said.All sectors except healthcare posted earnings growth, led by energy with a 147% increase, followed by communication services with a gain of more than 113%, Oppenheimer said. Real estate was the only sector with single-digit percentage earnings growth.The healthcare sector saw earnings fall 6.5%, according to the report. Last week, medical-device maker Medtronic (MDT) lifted its full-year outlook after posting better-than-expected fiscal first-quarter results.Second-quarter S&P 500 earnings per share growth accelerated unexpectedly, tracking at 32% year over year based on data through Aug. 7, RBC Capital Markets said in a note. It "appears to be the new peak in S&P 500 EPS growth," surpassing the 30% rate seen in the first quarter despite expectations of a slowdown.Energy led all sectors in revenue growth at 42%, followed by technology and financials, Oppenheimer said.Recent US economic data, including August nonfarm payrolls and the Institute for Supply Management surveys for manufacturing and services, pointed to ongoing resilience in the US economy, John Stoltzfus, Oppenheimer Asset Management chief investment strategist, said in a note to clients. "Resilience remained the operative word," he said.The US economy added nearly three times the jobs expected in August, while the US services sector expanded at a faster rate sequentially in August amid solid demand, surveys from the ISM and S&P Global (SPGI) showed. The manufacturing sector continued to expand last month, with ISM seeing a slight sequential deceleration, but S&P data showed a steady growth rate."For all the noise in and around the stateside market over much of this year, last Friday found the S&P 500 just 1% off from its most recent record high of 7798.99 reached on August 13," Stoltzfus wrote.The four remaining S&P 500 companies are scheduled to report earnings this week, including cloud computing giant Oracle (ORCL) and Photoshop maker Adobe (ADBE), Oppenheimer said.Price: $434.11, Change: $-9.40, Percent Change: -2.12%

$ADBE$MDT$ORCL$SPGI
Asia Markets

US Equity Investors to Focus on August's Inflation Print as September Fed Rate Increase Probability Remains Elevated

US equity investors are expected to focus on August's inflation data and the Iran war this week as concerns surrounding price pressures heighten while Q2 earnings taper.* Friday's Consumer Price Index is set to rise by 0.4% month-over-month, according to a Scotiabank note late Friday. Core CPI, which excludes the more volatile food and energy prices, likely grew 0.3%.* The producer price index for August will be refreshed the day before CPI, and some of its components will serve as input into expectations for core personal consumption expenditures inflation, along with what is learnt from CPI after adjusting for methodological differences, per the Scotiabank note.* "Notwithstanding recent progress, an upside shock could further tip the balance toward pricing a hike that Chair Warsh's deference to markets would probably find irresistible, whereas another soft reading may not," Derek Holt, head of capital market economics at Scotiabank, said in the note.* The probability of the Federal Reserve raising its target rate by 25 basis points to 3.75%-4.0% in September stood at 60% early Tuesday, up from 44% a month ago, according to the CME FedWatch tool. The remaining likelihood is that policy will remain on hold this month. Last Friday, data from the Bureau of Labor Statistics showed nonfarm payrolls rose by 162,000 in August, compared with a 55,000 increase projected in a Bloomberg-compiled survey. July's tally was revised to show a gain of 21,000 from a 23,000 fall, while June's increase was adjusted upward by 11,000.* Yemen's Tehran-backed Houthis attacked energy facilities and cities in US ally Saudi Arabia on Tuesday, wounding more than 70 people and underscoring the risk of the Iran conflict escalating into a wider regional war, Reuters reported. Global benchmark North Sea Brent jumped 1.7% to $98.70 per barrel early Tuesday.* Quarterly earnings due this week include Oracle (ORCL), Adobe (ADBE), Copart (CPRT), and Kroger (KR).

Dow JonesNasdaq CompositeS&P 500$ADBE$CPRT$KR$ORCL
Oracle's Successive Layoffs to Generate Funds for AI Infrastructure Buildout Carry Execution Risk, RBC Says
US Markets

Oracle's Successive Layoffs to Generate Funds for AI Infrastructure Buildout Carry Execution Risk, RBC Says

Oracle (ORCL) is using cost savings from workforce reduction to fund its artificial intelligence infrastructure, though successive cuts pose execution risk, especially for cloud apps, RBC Capital Markets said in a note e-mailed Friday.In April, Forbes reported that the cloud computing company terminated thousands of employees across the US, India, Canada, Mexico and Uruguay. Oracle is preparing a new round of job cuts to curb payroll expenses while funding billions in AI infrastructure debt, Business Insider reported last month, citing an internal document."With a substantial April (reduction-in-force) already executed and another potentially in the works, Oracle is increasingly funding its AI buildout through headcount reductions," RBC analyst Rishi Jaluria said in a note to clients. "While cost reallocation is more (return on invested capital)-friendly than incremental debt or equity, successive cuts carry execution risk, particularly for cloud apps."The company didn't respond to' request for comment sent Friday regarding the Business Insider report.Oracle is scheduled to report its fiscal first-quarter results Thursday. RBC projects adjusted earnings at $1.65 a share on revenue of $19.10 billion. Analysts surveyed by FactSet expect $1.74 and $19.13 billion, respectively.Oracle Cloud Infrastructure demand is surging, as remaining performance obligations, or RPO, hit $638 billion in the fourth quarter, but investor sentiment hinges on whether capacity expansion can keep pace with demand, according to the note. RPOs are future commitments arising from contractual relationships."Questions remain around OpenAI's competitive positioning and implications for Oracle as its primary infrastructure partner," Jaluria said. However, generative AI chatbot ChatGPT maker OpenAI's latest model cycle is "encouraging" for its market positioning among large language model providers, the analyst wrote."Stepping back, we maintain a cautious stance heading into (Oracle's latest) print," Jaluria said.RBC maintained its sector perform rating on the company's stock with a $190 price target.Oracle shares were up 2.3% in Friday afternoon trade. The stock has dropped 19% so far this year.In July, the company secured a 10-year enterprise software contract worth about $7 billion with the US Department of Defense.Late last month, Workday (WDAY) delivered a second-quarter beat and raised the low end of its full-year subscription revenue outlook. Workday competes with Oracle in the enterprise cloud software market.Price: $157.64, Change: $+3.60, Percent Change: +2.34%

$ORCL$WDAY
Wire

Oracle Heads Into Q1 Results With AI Investment, Stargate in Focus, RBC Capital Markets Says

Oracle (ORCL) is heading into its fiscal Q1 financial results with investors focused on artificial intelligence infrastructure expansion, funding needs, and Stargate uncertainty, RBC Capital Markets said in a note Thursday.The company is scheduled to report fiscal Q1 earnings on Sept. 10.Oracle's net cash capital expenditures of about $70 billion in fiscal year 2027, mainly to support its AI infrastructure buildout, is expected to be funded by about $40 billion of debt and equity, while about $75 billion in cumulative BYOH and prepaid contracts are expected to lower the company's financing burden, according to the note.The Stargate arrangement adds uncertainty, with OpenAI moving from the original joint-venture structure toward bilateral capacity leases, which could change Oracle's ownership and financing obligations, the investment firm said.The company has been using cost savings from headcount reductions to help fund its AI infrastructure buildout, analysts said, adding that while cost reallocation is more favorable than taking on additional debt or issuing equity, repeated layoffs could create execution risk.RBC Capital Markets has a sector perform rating and $190 price target on Oracle.Shares of Oracle were up more than 2% in Friday trading.Price: $157.35, Change: $+3.31, Percent Change: +2.15%

$ORCL
Workday Raises Full-Year Subscription Revenue Outlook Following Fiscal Second-Quarter Beat
US Markets

Workday Raises Full-Year Subscription Revenue Outlook Following Fiscal Second-Quarter Beat

Workday (WDAY) raised the low end of its full-year subscription revenue outlook after the finance and human resources solutions provider recorded fiscal second-quarter results above Wall Street's estimates.Subscription revenue is now expected to come in between $9.94 billion and $9.95 billion for fiscal 2027, the company said late Thursday, reflecting a higher bottom end versus the prior estimate of $9.93 billion. The current consensus on FactSet is for $9.95 billion."While we're still in the early innings, demand for our agentic portfolio is building," Chief Financial Officer Zane Rowe said during an earnings call, according to a FactSet transcript. "We're focused on driving discovery and adoption through initiatives like our Lighthouse program, which we believe will benefit subscription revenue growth over time."The stock fell 2.3% in the most recent premarket activity.Workday is currently targeting subscription revenue growth for fiscal 2028 of about 11%, in line with its expected growth rate for the second half of the ongoing fiscal year, according to Rowe.Oppenheimer said in a client note earlier this week that Workday's second-quarter setup appeared to be favorable for the company amid stable demand and robust momentum in agentic artificial intelligence products. The brokerage at the time said it expected the company to increase its fiscal 2027 guidance.For the quarter ended July 31, Workday's adjusted earnings rose to $2.75 per share from $2.21 the year before, topping the Street's view for $2.61. Revenue climbed 13% to $2.65 billion, just ahead of the average analyst estimate of $2.64 billion.Subscription revenue increased 14% year over year to $2.47 billion. The company ended the second quarter with a subscription revenue backlog of $27.4 billion, up 8% from a year ago, though the growth rate was impacted by continuous "mix shift towards customer base bookings versus net new, and the mix of industries that drove our net new bookings," Rowe said on the call.Professional services revenue slipped to $178 million from $179 million.For the ongoing three-month period, Workday anticipates subscription revenue of $2.52 billion, representing a gain of 12%. The Street is looking for $2.51 billion."We continue to prioritize investment in AI alongside strategic investments in the core while driving efficiencies across the business," Rowe told analysts.Oracle (ORCL), which competes with Workday in the enterprise cloud software market, is expected to release its latest financial results next month.

$ORCL$WDAY
Mining & Metals

Lightspeed Commerce Appoints Rupal Hollenbeck to Board of Directors

Lightspeed Commerce (LSPD.TO, LSPD) appointed Rupal Hollenbeck to its board of directors, effective Oct. 1, it said Tuesday.Hollenbeck currently serves as the chief business officer of NextSilicon and is on the board of directors for Cequence Security, said the company.She has served as president and chief commercial officer of Check Point Software Technologies (CHKP) and also as chief marketing officer at Cerebras Systems (CBRS) and Oracle (ORCL), added the company."Her experience scaling technology businesses and building high-performing, global go-to-market organizations sets her up extremely well to add immediate value to Lightspeed as we execute our strategy and continue to deliver profitable growth for our shareholders," said Executive Chair Manon Brouillette.The company also said Nathalie Gaveau will step down from its board of directors, effective Sept. 30.The company's shares were last seen up C$0.02 to C$14.66 on the Toronto Stock Exchange.

$CBRS$CHKP$LSPD$LSPD.TO$ORCL
Commodities

Correction: Energy Transfer's Green Chile Pipeline Delayed to February 2027

(Corrects the headline and paragraphs 1-4 to reflect that the pipeline project has been delayed.)Energy Transfer's (ET) Green Chile Project pipeline, a key New Mexico natural gas project that would supply power-generation systems for a planned Oracle (ORCL) data center, has been delayed by almost six months and is now expected to enter service next year, according to regulatory filings on Friday.The Green Chile Project pipeline now has an estimated in-service date of Feb. 1, 2027, pushing past its earlier targeted date of Aug. 15, 2026, pipeline operator Energy Transfer's subsidiary, Transwestern Pipeline Company, said in the filing.The revised timeline was disclosed in Transwestern's response to a Federal Energy Regulatory Commission data request, which also updated the project's cost figures to reflect actual expenditures through June 2026.The filing does not specify a cause for the delay but shows that construction activity has been underway since April 2026, with the company now estimating expenditures through the project's revised in-service date next year.The Green Chile Project in New Mexico would enable Transwestern to provide up to 400,000 dekatherms per day of new firm transportation capacity to serve the AI data center, the company said in its response to a FERC data request dated Aug. 11.Transwestern initially filed a prior notice request with FERC on Jan. 29 seeking authorization under the Natural Gas Act and its blanket certificate to construct, install, own, maintain and operate the project facilities.

$ET$ORCL
Wire

Update: Market Chatter: Energy Transfer's Green Chile Pipeline Delayed to February 2027

(Updates to add company's comment in third paragraph)Energy Transfer's (ET) Green Chile Project pipeline, a New Mexico natural gas project that would supply power-generation systems for a planned Oracle Corp. (ORCL) data center, has been delayed and is now expected to enter service next year, Bloomberg News reported Friday.The pipeline, operated by Energy Transfer subsidiary Transwestern Pipeline, had earlier targeted an Aug. 15 in-service date but revised it to Feb. 1, 2027, the report said, citing a regulatory filing."Project Jupiter remains on schedule, and we continue to work closely with our partners to move the project forward," said Oracle's spokesperson.Energy Transfer did not immediately respond to request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $21.02, Change: $+0.25, Percent Change: +1.23%

$ET$ORCL
Wire

Market Chatter: Energy Transfer's Green Chile Pipeline Delayed to February 2027

Energy Transfer's (ET) Green Chile Project pipeline, a New Mexico natural gas project that would supply power-generation systems for a planned Oracle Corp. (ORCL) data center, has been delayed and is now expected to enter service next year, Bloomberg News reported Friday.The pipeline, operated by Energy Transfer subsidiary Transwestern Pipeline, had earlier targeted an Aug. 15 in-service date but revised it to Feb. 1, 2027, the report said, citing a regulatory filing.Energy Transfer and Oracle did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $21.04, Change: $+0.28, Percent Change: +1.35%

$ET$ORCL
Wire

Oracle Releases AI-Powered Patient Portal in US

Oracle (ORCL) said Wednesday its artificial intelligence-backed patient portal is now generally available in the US, which links directly with electronic health records to help users access medical files or contact care providers.The software connects directly with electronic health records to display visit highlights, key conditions, medications, and tests, the company said.Built-in safeguards restrict the artificial intelligence from offering medical advice or diagnoses, directing patients to consult healthcare providers or emergency services, Oracle said.Shares of the company were up 2.9% in Wednesday trading.Price: $149.69, Change: $+4.21, Percent Change: +2.89%

$ORCL
Wire

Oracle Launches New Fusion Agentic Applications, AI Agents for HR

Oracle (ORCL) on Tuesday launched new Fusion Agentic Applications and AI agents for human resources, targeting workforce development, internal mobility, and skills planning.The agents, built into Oracle Fusion Cloud HCM, span role design, learning content creation, manager coaching, employee career development, and workforce planning, including a Job Architect Agent for role design and a Workforce Skills Supply vs. Demand Agent for tracking skills gaps, the company said.Price: $145.10, Change: $-5.96, Percent Change: -3.94%

$ORCL
Sectors

Sector Update: Tech Stocks Fall Late Afternoon

Tech stocks were lower late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 1.7% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 5.4%.The Philadelphia Semiconductor index dropped 4.7%.In sector news, President Donald Trump said Friday on Truth Social his administration is opening a Section 301 investigation into the EU over fines it has levied against companies including Apple (AAPL), Meta (META), Amazon.com (AMZN) and Alphabet's (GOOGL) Google. "The European Union will pay a very big price for this illegal and highly unethical conduct, which I have consistently warned them about," Trump said.In corporate news, Qualcomm (QCOM) told customers it is raising prices by a percentage in the double digits, Bloomberg reported, citing a copy of a letter it viewed. Qualcomm shares were down 2.7%.Oracle (ORCL) has secured a 10-year enterprise software contract worth about $7 billion with the US Department of Defense. Oracle shares were shedding 4.2%.Salesforce (CRM) shares gained 4.4% after it said Friday the US Department of Veterans Affairs awarded the company, through its distribution network, a three-year $1.6 billion agentic enterprise license agreement.SK Hynix (SKHY) and Samsung Electronics are set to sign large supply deals with US technology firms during President Lee Jae Myung's visit to San Francisco, several media outlets reported Friday, citing a senior presidential official. SK Hynix shares were down 9.2%.

$CRM$ORCL$QCOM$SKHY
Sectors

Sector Update: Tech Stocks Decline Friday Afternoon

Tech stocks were lower Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 4.3%.The Philadelphia Semiconductor index shed 2.7%.In sector news, President Donald Trump said Friday on Truth Social his administration is opening a Section 301 investigation into the EU over fines it has levied against companies including Apple (AAPL), Meta (META), Amazon.com (AMZN) and Alphabet's (GOOGL) Google. "The European Union will pay a very big price for this illegal and highly unethical conduct, which I have consistently warned them about," Trump said.In corporate news, Qualcomm (QCOM) told customers it is raising prices by a percentage in the double digits, Bloomberg reported, citing a copy of a letter it viewed. Qualcomm shares were down 1.4%.Oracle (ORCL) has secured a 10-year enterprise software contract worth about $7 billion with the US Department of Defense. Oracle shares were down 1%.Amkor Technology (AMKR) shares fell 0.5%. The company said late Thursday it has launched a multiyear partnership with Nvidia (NVDA) to develop semiconductor packaging and test technologies for AI and accelerated computing platforms.

$AAPL$AMKR$AMZN$GOOGL$META$ORCL$QCOM

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