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1301 Ave of Americas, 15th Floor
New York, New York 10019
CLSA is Asia's leading and longest running brokerage and investment group. The company provides equity broking and execution services, capital markets & corporate finance and asset management services to global corporate and institutional clients. Renow ... more
finance and management information systems
Rutgers Business School
Oracle's Discipline Pays Off As NetSuite Deal Succeeds (ORCL)(N) | Benzinga
Maguire said the price tag of $109 per share values NetSuite at 9.4x sales of $958 million or 7.5x 2017 sales of $1.2 billion.
As such, Oracle maintained a "disciplined valuation approach for acquisitions" and also serves as "validation for the approach to the deal."
Maguire suggested that the acquisition makes strategic and business sense for Oracle as the company shifts its sales organization towards more of a SaaS model.
As such, this positions Oracle to better serve customers in the small and medium business segment, which happens to be NetSuite's "sweet spot."
"The signal that Oracle has sent about its valuation principles should bolster investor confidence in a disciplined process," Maguire concluded.
"We expect Oracle will continue to make SaaS and other related acquisitions to bulk up its applications portfolio, with an eye toward vertical expertise and scale."
Nevertheless, Maguire maintained an Underperform rating on Oracle's stock with an unchanged $42 price target.
Oracle's Legacy Business A Drag On Q1 Results|Reiterated At Underperform|CLSA | Benzinga
Teradata Downgraded On Competition From RedShift And Hardoop By CLSA - Teradata Corporation (NYSE:TDC), Amazon.com, Inc. (NASDAQ:AMZN) | Benzinga
IIoT Symposium - McRock Capital
Salesforce.com Inc (NYSE:CRM) - Salesforce.com Q1'16 Earnings Conference Call: Full Transcript | Benzinga
McGovern Management Group Inc
Morse Giesler Callister & Karlin LLP
Thomson Reuters Corporation