Oracle took a step back in what is usually a strong fiscal Q4, as EPS and sales missed views amid flat software license revenue and decelerating hardware growth. The business software giant’s results late Thursday sent its stock falling more than 5% after hours. Oracle stock is up 11% for the year. The company’s EPS forecast for the current quarter was in line, but revenue was light. Oracle’s (ORCL) Q4 stumble included flat year-over-year growth
On Friday, hospitals could get a new life-saving antibiotic, and investors could see the first step in the resuscitation of Cubist Pharmaceuticals. Just a couple of years ago Cubist (CBST) was an IBD 50 mainstay, riding the success of Cubicin, a treatment for deadly hospital-based infections. In summer of 2012, the company unveiled an ambitious five-year plan that involved doubling revenue by 2017 through the launch of four new products, which
Corporate America has been moving computing workloads to the cloud more slowly than expected. Equinix aims to change that with Cloud Exchange, a new offering for enterprise customers. Equinix (EQIX), a provider of computer data centers, is expected to lay out more of its Cloud Exchange strategy at its analysts day event in New York on Wednesday. Equinix stock touched a 13-month high Thursday. Data-center operators provide space, power and cooling.