Oracle Wakes Up This AM ( YELP, ANGI, VRML, ORCL )

Oracle Corporation Reports Solid Quarter (YELP, ANGI, VRML, ORCL)

Yelp Inc(NYSE:YELP) after posting solid gain in the debut day on March 2, 2012, the stock has been consolidating since then. The company issued 7.15 million at an IPO price of $15. On the first day of its trading, the stock soared over 64% hitting a record high of $26. Then within in a week, the stock slid to as low as $19.36, followed by another round of uptrend in the stock. Recently, he company claims that Apple’s most recent mobile software update has increased the level of connectivity it has with the iPhone 4S Siri voice recognition platform.

Angie's List Inc(NASDAQ:ANGI) The company made debut on the Wall Street with an IPO price of $13 a share. The stock has peforemd well and is up over 33% from its IPO price and just a dollar a way from its new high. Last month, the company posted solid fourth-quarter results as its membership and revenue grew with revenue growing 70% to $27.4 million, while net loss during the quarter trimmed to 14 cents from 30 cents, missing analysts’ estimates of a loss of 11 cents a share.

Vermillion, Inc.(NASDAQ:VRML) continued to move lower and extended its weekly losses to over 20% after showing solid gains earlier in the month. On March 06, the stock had soared over 125% after the company won an approval from the U.S. Patent and Trademark Office for a patent it referred to as “platelet biomarkers for cancer.” The next day, the stock corrected about 29% as analyst at Ladenburg Thalmann downgraded the stock to Sell from Neutral. After recent correction, the stock is just up about 12% from its March 05, March’s price.

Oracle Corporation(NASDAQ:ORCL) is gaining this morning following better than estimated third-quarter profit on account of solid sales of its software. The company posted net income of $2.5 billion, or 49 cents a share, up 18% from a year ago profit of $2.12 billion, or 41 cents a share. On an adjusted bais, the company earned 62 cents a share, ahead of analysts’ estimates of 62 cents a share.
During the quarter, revenue jumped to $9.04 billion, up from $8.76 billion, a year ago. Revenue from its new software license surged 7% year-over-year to $2.4 billion, while revenue from software updates and product support jumped 8% to $4 billion. But, total hardware systems revenue slid 11% to $1.47 billion.
Shares of ORCL fell sharply in January after the company reported lower than estimated earnings.
Shares of ORCL are now up 1.06% to $30.43, off session high of $31.15.