Tag Archives: lead tech

Oracle Cloud Growth Helps Q2 Revenue Top Estimates

The Oracle growth story is showing some progress. The enterprise software company late Wednesday reported earnings and revenue that beat analyst estimates for its fiscal Q2, as the company’s fledgling cloud business continues to grow as new software licenses decline. The company’s outlook for the current quarter appeared to be light, but that didn’t bother investors. Oracle (ORCL) stock was up 4% in after-hours trading, after the company released

OnDeck Capital IPO Cashes In On Alternate Lending

OnDeck Capital cashed in on its IPO Wednesday, adding more fuel to a booming trend of companies providing online platforms that connect lenders with borrowers, as the initial public offering market is ending a big year with a bang. OnDeck (ONDK) raised $200 million, offering 10 million shares at 20, above its estimated range of 16-18. The stock closed at 27.98, up 40%. OnDeck arranges small-business loans via its online platform. Its investors

Could AT&T, Verizon Pull Off Radio Spectrum REIT?

Will 2015 be the year of the REIT for phone companies, including perhaps Verizon and AT&T? Converting to a real estate investment trust provides tax benefits on earnings. Most REITs own office buildings and shopping centers, but companies in other industries have sought REIT status to lower tax bills. Conversion to a REIT requires IRS approval. Within the telecom industry, cellphone tower operators American Tower (AMT) and Crown Castle