Oracle Partners With NetSuite On Cloud-Based Solutions and 2 Other Hot Stocks to Watch
Oracle Corporation (NASDAQ:ORCL): Current price $30.83
For the third time this week, Oracle has reached a partnership agreement with a top firm. On Thursday, the corporation signed a deal with NetSuite through which to deliver cloud-based human resource and financial solutions to mid-size companies. Earlier this week, Oracle signed partnerships with Microsoft Corporation (NASDAQ:MSFT) and Salesforce.com (NYSE:CRM). Oracle’s ERP segment rival NetSuite can contribute enterprise resource planning applications to mid-size businesses, and now, the accord will have Oracle and NetSuite collaborating to extend services and products to small and mid-size businesses as well. A Gartner report suggests that global ERP spending could reach $34.3 billion in 2017 from an estimated $26.03 billion this year, so the current partnership places Oracle in a better position to exploit the growing trend in the ERP market.
Alcatel-Lucent (NYSE: ALU): Current price $1.82
The Italian operator Wind Telecomunicazioni confirms that Alcatel will extend and transform Wind’s nationwide fiber-optic transport and IP communication networks. The company will provide a network transformation solution which includes mobile backhaul, long-haul optical transport, metro area network and IP service edge tech to expand and update Wind’s existing network, along with introducing advanced services to customers. This network expansion and upgrade will assist Wind in addressing the growing demand for ultra-fast broadband services, while smartphones and other broadband mobile devices continue to be adopted as they provide advanced services to the operator’s business and residential customers.
National Bank of Greece (NYSE:NBG): Current price $3.27
The bank says that it has raised a sufficient sum of money from private investors through a share offering to ensure that it can avert state control. NBG is now the second major Greek lender to successfully recapitalize without falling under the full control of the Hellenic Financial Stability Fund, which is a vehicle created to rescue Greek banks under an EU/IMF bailout plan. The Greek bank said on Thursday that it raised 10.8 percent of the funds needed to fill a 9.65-billion-euro capital deficit, with around 500 million euros coming from foreign investors.