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Twitter Inc shares slid 6.8 percent after the social media company warned of suspicious traffic from China and Saudi Arabia and disclosed an issue that could have revealed the country code of its users’ phone numbers. Declining issues outnumbered advancers on the NYSE by a 5.55-to-1 ratio; on Nasdaq, a 4.31-to-1 ratio favored decliners. The S&P 500 posted one new 52-week high and 116 new lows; the Nasdaq Composite recorded 10 new highs and 556 new lows swank ruby cufflinks uk online. Volume on U.S. exchanges was 9.44 billion shares, compared to the 8.01 billion average over the last 20 trading days..
(Reuters) – Oracle Corp on Monday forecast current-quarter profit above estimates after growth in its cloud services and license support unit helped the business software maker surpass Wall Street expectations for the second quarter swank ruby cufflinks uk online. Shares rose 5 percent, with the company saying that excluding fluctuations in exchange rates, it expected third-quarter adjusted profit to be between 86 cents and 88 cents per share. Analysts on average were expecting 84 cents, according to IBES data from Refinitiv..
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“Oracle’s growth in cloud services and license support of just 3 percent appears to be contradicting the strength in the overall cloud market,” said Daniel Morgan, senior portfolio manager of Synovus Trust Co, which hold 152,500 shares in the company. Last month, Workday reported a 35 percent jump in cloud subscription revenue, while Salesforce’s flagship product Sales Cloud grew 11 percent. “Oracle is still dragging behind other old line enterprise software players like Microsoft in its transition to becoming a top cloud company,” said Morgan, whose firm also hold shares in Salesforce and Microsoft Corp swank ruby cufflinks uk online.
(Reuters) – Alphabet Inc’s (GOOGL.O) Google is investing more than $1 billion on a new campus in New York, becoming the second major technology company after Amazon to pick America’s financial capital to expand and create thousands of jobs swank ruby cufflinks uk online. The 1.7 million square-foot campus, called Google Hudson Square, will include leased properties at Hudson Street and Washington Street, the company said in a blog post on Monday. The new campus will be the main location for Google’s advertising sales division, the Global Business Organization..