Kolkata, West Bengal -- (SBWIRE) -- 09/19/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the Steelcase Inc.(NYSE:SCS), Oracle Corporation(NYSE:ORCL), NewStar Financial Inc(NASDAQ:NEWS).
Steelcase Inc.(NYSE:SCS) fall 6.8% AH after Q2 results miss expectations.The EMEA segment was a sore spot and offset strength in America. "Our global competitiveness continues to be negatively impacted by the cost structures within our EMEA segment, which has generated adjusted operating losses of $18.9 million during the first half of this fiscal year," said CFO David Sylvester.Management guides to Q3 revenue of $755M-$780M (consensus of $757.1M) and EPS of $0.23-$0.27 (consensus of $0.26)
Should Investors Buy SCS After Yesterday’s Jump? Find Out Here
Oracle Corporation(NYSE:ORCL) guides on its FQ1 CC (webcast) for FQ2 revenue growth of -1% to +2% Y/Y and EPS of $0.64-$0.69. That's largely below a consensus of 3.2% and $0.69.FQ2 software license/cloud subscription revenue growth is expected to be in a range of -6% to +4% Y/Y, and hardware product growth in a range of -11% to -1%. Those ranges compare with FQ1 growth of +4% and -14%, respectively.CFO Safra Catz claims Oracle is optimistic about deal opportunities and the impact of new products, but adds sales leaders are being "very careful" about their forecasts in light of macro/business conditions.Oracle has already posted disappointing license growth more than once this year.
That, in turn, has stoked fears of share losses to cloud software firms.Larry Ellison has skipped the CC to take part in the America's Cup.
Is ORCL A Good Buy After The Recent Price Movement? Find Out Here
NewStar Financial Inc(NASDAQ:NEWS) climbed after speculation swirled that P-E owners Corsair Capital and Capital Z Partners are exploring a sale of the specialty financing company, Bloomberg reports.Janney Montgomery Scott analyst Sameer Gokhale opines, "This company is a prime takeover target." Banks trying to shore up profits in a low IR environment see business lending as a lucrative, albeit high risk, opportunity.Business lender CapitalSource was sold to PacWest Bancorp in July for $2.3B. At that multiple, NEWS shares could fetch $18.21 according to Bloomberg, which speculates that "logical buyers" include EverBank Financial, BankUnited, and TCF Financial.
Should Investors Buy NEWS After Yesterday’s Jump? Find Out Here
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