JP Morgan Maintains a Hold Rating on Oracle Corp (ORCL)

Murphy covers the Technology sector, focusing on stocks such as Salesforce.com, Alteryx Inc, and Dropbox Inc. Currently, the analyst consensus on …

In a report released yesterday, Mark Murphy from J.P. Morgan maintained a Hold rating on Oracle Corp (ORCLResearch Report), with a price target of $53. The company’s shares closed yesterday at $53.06, close to its 52-week high of $53.47.

According to TipRanks.com, Murphy is a 5-star analyst with an average return of 20.3% and a 73.9% success rate. Murphy covers the Technology sector, focusing on stocks such as Salesforce.com, Alteryx Inc, and Dropbox Inc.

Currently, the analyst consensus on Oracle Corp is a Moderate Buy with an average price target of $53.69, which is a 1.2% upside from current levels. In a report issued on March 11, Barclays also maintained a Hold rating on the stock with a $55 price target.

See today’s analyst top recommended stocks >>

Based on Oracle Corp’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $9.56 billion and net profit of $2.33 billion. In comparison, last year the company earned revenue of $9.77 billion and had a GAAP net loss of $4.02 billion.

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Comparing of RingCentral Inc. (RNG) and Alteryx Inc. (NYSE:AYX)

RingCentral Inc. (NYSE:RNG) and Alteryx Inc. (NYSE:AYX) are two firms in the Application Software that compete against each other. Below is a …

RingCentral Inc. (NYSE:RNG) and Alteryx Inc. (NYSE:AYX) are two firms in the Application Software that compete against each other. Below is a comparison of their institutional ownership, profitability, risk, analyst recommendations, dividends, earnings and valuation.

Earnings and Valuation

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
RingCentral Inc. 673.62M 12.76 26.20M -0.33 0.00
Alteryx Inc. 253.57M 18.40 28.02M -0.16 0.00

Table 1 highlights RingCentral Inc. and Alteryx Inc.’s top-line revenue, earnings per share and valuation.

Profitability

Table 2 represents RingCentral Inc. (NYSE:RNG) and Alteryx Inc. (NYSE:AYX)’s return on assets, return on equity and net margins.

Net Margins Return on Equity Return on Assets
RingCentral Inc. -3.89% 10.8% 4.2%
Alteryx Inc. 11.05% -8.9% -3.8%

Liquidity

The Current Ratio of RingCentral Inc. is 4.1 while its Quick Ratio stands at 4.1. The Current Ratio of rival Alteryx Inc. is 2.6 and its Quick Ratio is has 2.6. RingCentral Inc. is better equipped to clear short and long-term obligations than Alteryx Inc.

Analyst Recommendations

The following table delivered below contains the ratings and recommendations for RingCentral Inc. and Alteryx Inc.

Sell Ratings Hold Ratings Buy Ratings Rating Score
RingCentral Inc. 0 1 5 2.83
Alteryx Inc. 0 1 2 2.67

The upside potential is 5.56% for RingCentral Inc. with consensus price target of $111.67. Competitively the consensus price target of Alteryx Inc. is $84.67, which is potential 12.15% upside. Based on the analysts belief we can conclude, Alteryx Inc. is looking more favorable than RingCentral Inc.

Institutional and Insider Ownership

The shares of both RingCentral Inc. and Alteryx Inc. are owned by institutional investors at 0% and 99.13% respectively. Insiders owned roughly 1.5% of RingCentral Inc.’s shares. Comparatively, 0.5% are Alteryx Inc.’s share owned by insiders.

Performance

In this table we show the Weekly, Monthly, Quarterly, Half Yearly, Yearly and YTD Performance of both pretenders.

Performance (W) Performance (M) Performance (Q) Performance (HY) Performance (Y) Performance (YTD)
RingCentral Inc. -1.98% 12.03% 31.16% 10.23% 65.43% 25.62%
Alteryx Inc. -7.91% -4.06% 20.49% 20.52% 96.15% 14.78%

For the past year RingCentral Inc. was more bullish than Alteryx Inc.

RingCentral, Inc. provides software-as-a-service solutions for business communications in the United States and internationally. The companyÂ’s products include RingCentral Office, a multi-tenant, multi-location, enterprise-grade communications solution that enables employees to communicate through voice, text, team messaging and collaboration, and HD video and Web conferencing, including smartphones, tablets, PCs, and desk phones for businesses that require a communications solution; RingCentral Professional, an inbound call routing subscription with text and fax capabilities primarily for smaller businesses; and RingCentral Fax solution that provides Internet fax capabilities, which allow businesses to send and receive fax documents without the need for a fax machine. Its products also comprise RingCentral Contact Center, which provides a cloud based contact center solution that delivers multi-channel capabilities; and RingCentral Glip, a team messaging and collaboration solution that allows a range of teams to stay connected through various modes of communication through an integration with RingCentral Office. The company serves advertising, healthcare, real estate, retail, technology, insurance, education, waste management, construction, restaurant, software, solar, automotive dealership, managed care, and publishing industries; and financial, legal, and security service providers, as well as non-profit organizations through its direct sales representatives and resellers. RingCentral, Inc. was founded in 1999 and is headquartered in Belmont, California.

Alteryx, Inc. provides self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts. It offers Alteryx Designer for data preparation, blending, and analytics that could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable product for sharing and running analytic applications in a Web-based environment; and Alteryx Analytics Gallery, a cloud-based collaboration offering that allows users to share workflows in a centralized repository. The company serves clients in business and financial services, consumer goods, healthcare, retail, technology, and travel and hospitality industries in approximately 50 countries. Alteryx, Inc. was founded in 1997 and is headquartered in Irvine, California.

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Ripple To Monetize Gaming By Partnering With Forte

Xpring, an investment and incubation initiative from Ripple, has announced a new partnership with the blockchain gaming startup Forte. The result is a …

Xpring, an investment and incubation initiative from Ripple, has announced a new partnership with the blockchain gaming startup Forte. The result is a brand new $100 million fund for game developers. With this money, Forte will fund developers who want to make use of blockchain technology—especially those that want to monetize their games.

The Partnership in Detail

According to Xpring’s Medium blog and press release, Forte will “deeply embed” three different Ripple products in its platform. The Interledger network and the XRP token will be used to perform base pair settlements. Meanwhile, Codius will be used as a hosting solution and will facilitate “seamless transactions across blockchains.”

Forte CEO Brett Seyler also explains that the gaming industry has frequently driven the adoption of new technology and new business models. Gaming, he says, is a $140 billion industry that is largely reliant on microtransactions, and blockchain technology can improve on that model by providing “integrity and resilience.”

Neither Xpring nor Forte have mentioned which games, if any, are in line to receive money from the new fund. However, they have revealed that the fund will target games with online economies that experience over 50,000 daily active users. (For a sense of scale, the most popular Facebook games have between 1 million and 10 million daily active users.)

Monetizing Games

It is not clear exactly which elements of games will be monetized. Xpring briefly mentions the business potential of “virtual self-expression” and online events. However, the announcement primarily suggests that the fund will help developers move away from selling virtual items first-hand and will allow them to create peer-to-peer trading marketplaces instead.

This implies that blockchain-based tradable items (aka cryptocollectibles) will play a large role in Forte’s plans. Other companies have shown interest in this as well: Scatter has recently expressed an interest in monetizing EOS games in this manner. TerraVirtua has also undertaken a similar project on WAX, while Enjin has done the same on Ethereum.

It should be noted that CryptoKitties—the earliest game that popularized collectible blockchain items—is less than two years old. This means that the race to bring trading technology to mainstream gaming has grown intense very quickly. It remains to be seen whether Forte, with the help of Ripple, can make its mark in this area.

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11.84% CAGR Growth by 2023 in the Application Performance Management (APM) Market by …

… B Funding for Innovation in APM for Big Data. This funding was led by GGV Capital, with Microsoft Ventures and Menlo Ventures also participating.

Market Analysis:

North America to hold Major Market Share

The increasing number of applications, along with the easy availability of SaaS solutions on monthly rental basis, is greatly helping the incorporation of these systems and increasing the consumer awareness in the market. Furthermore, due to the early adoption of technology, the region is witnessing increased advanced systems and integrated solutions demand.

Detailed Sample Copy of Updated Analysis @ marketprognosis.com/sample-request/16363

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The APM systems enabling performance enhancements by analyzing peak time performance, architectural, and networking issues are expanding into business front analytics, accelerating the market growth. The current systems are able to analyze user groups and consumer journey through interface and its translation into business. Further, such capabilities have helped their incorporation into business environments, as it reduces time and resources consumed in performing corrective measures. Thus, real time monitoring and predictive maintenance is necessary for a company driving the market. The direct software solutions are appealing to large organizations, which have the capabilities of hosting these systems on their own at large-scale. So, the Software segment is expected to hold a significant market share.

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Market Segments:

APM Market is segmented by:

1. Solution Type: Software, Services

2. Deployment Type: On-Premise, Cloud, Hybrid

3. Access Type: Web, Mobile

4. End-user: BFSI, E-commerce, Manufacturing, Healthcare, Retail, IT and Telecommunications, Media and Entertainment, Academics, Government, Others

5. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market

•March 2018 – Pepperdata announced Application Spotlight. This self-service portal is expected to enable Big Data application developers to generate application-specific recommendations to improve application performance, highlight applications that need attention, automatically identify bottlenecks, and alert on duration, failure conditions, and resource usage.

•January 2018 – Unravel Data secured USD 15 million in Series B Funding for Innovation in APM for Big Data. This funding was led by GGV Capital, with Microsoft Ventures and Menlo Ventures also participating.

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About Market Prognosis

We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.

We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.

We believe in delivering actionable insights for your business growth and success.

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This release was published on openPR.

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New York funding news: Media and entertainment, professional services top recent local investment

The cash infusion was announced March 4 and financed by New Enterprise Associates. According to its Crunchbase profile, “Luminary Media, …

    New York-based audio company Luminary Media has secured $60 million in funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced March 4 and financed by New Enterprise Associates.

    According to its Crunchbase profile, “Luminary Media, a venture-backed company, is an Internet-based audio entertainment subscription service. The company’s mission is to inform, educate and entertain the world by building a podcast ecosystem that aims to bring together listeners and creators on an elegantly designed platform with industry-leading innovation.”

    The one-year-old startup also raised a $40 million round in 2018.

    The round brings total funding raised by New York companies in media and entertainment over the past month to $113 million. The local media and entertainment industry has seen 139 funding rounds over the past year, yielding a total of $2.9 billion in venture funding.

    In other local funding news, career planning company Landit announced a $13 million Series A funding round on Feb. 26, led by WeWork.

    According to Crunchbase, “Landit is a technology platform that increases the success and engagement of women and diverse groups in the workplace. The market leader in personalized career pathing, Landit creates a turnkey ‘one-size-fits-one’ solution that enables enterprises to attract, develop and retain high-potential diverse talent. Landit provides each member with a personalized playbook that empowers them with the tools, resources, know-how and human connections they need to advance and navigate their career path.”

    Founded in 2014, the company has raised two previous rounds, including a $2.6 million seed round in 2018.

    Meanwhile, local youth education company Launch Kids raised $12 million in corporate round funding, announced on Feb. 27. The round was financed by Foot Locker.

    From the company’s Crunchbase profile, “Launch Kids provides toddlers to tweens with inspiring math instruction and STEM-based camps and workshops. Launch offers a unique approach to math and science education by providing kids with tangible links between the science of everyday life and the world of mathematics to successfully stimulate a child’s motivation to learn. At LAUNCH, children learn the relevance of math in the real world.”

    Launch Kids last raised $6 million in funding in 2016.

    Also of note, cryptocurrency company Tagomi Systems raised $12 million in funding, announced on March 4 and led by Paradigm.

    From Crunchbase, “Tagomi combines institutional-grade services with superior execution technology for digital assets and cryptocurrencies. Our products will provide operational ease and reduce trading costs so you keep more of your returns.”

    The company previously raised $15 million in funding in 2018.

    Rounding out the city’s recent top local funding events, medication delivery platform Zipdrug raised $10 million in funding, announced on Feb. 15 and led by Compound.

    From Crunchbase, “Health plans partner with Zipdrug to transfer eligible members’ recurring prescriptions from big chain and other non-preferred incumbent pharmacies to Zipdrug’s network of preferred pharmacies that offer the lowest Rx cost, best quality of care and highest likelihood of adherence. Zipdrug pharmacies compete for market-share on quality, cost, experience and adherence. All prescription data, transfers and patient communications are conducted on Zipdrug’s platform, CareControl.”

    The company previously raised seed funding in 2017.


    This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we’re doing. Got thoughts? Go here to share your feedback.

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