Oracle Will Acquire BigMachines and 2 Other Hot Stocks to Watch

Oracle Corp. (NYSE:ORCL): Current price $32.51

On Wednesday, Oracle announced that it will purchase BigMachines, which provides a cloud-based Configure, Price, and Quote solution. BigMachines’ CPQ Cloud steps up the conversion of sales opportunities into revenue by automating the sales order process with guided selling, dynamic pricing, and a facile workflow approval process, accessible anywhere, on any device. Combined with Oracle’s enterprise-grade cloud solutions, including Marketing, Sales, Social, Commerce and Service Clouds, Oracle, and BigMachines will form an end-to-end smarter selling cloud solution, making sales personnel more productive, customers more satisfied, and companies earning revenue more quickly.

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Facebook Inc. (NASDAQ:FB): Current price $51.62

Facebook’s third-quarter estimates were lowered at ITG Research Wednesday morning. ITG decreased Facebook North American revenue estimate from between $910 million to $902 million, to a range of $900 million to $910 million, in-line with a consensus of $909 million. The change was attributed to slower September transaction volumes than were previously forecast. Facebook shares are down by about 1.7 percent in late morning trading to $51.75.

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Crown Castle International Corp. (NYSE:CCI): Current price $74.33

Crown Castle said Wednesday that it has priced its concurrent offerings of 36 million shares of its common stock at $74 per share and 8.5 million shares of its 4.50-percent mandatory convertible preferred stock, Series A, at $100 per share. Besides this, the underwriters in each respective offering have been granted an option to buy up to an additional 5.4 million shares of common stock and as many as 1.275 million shares of mandatory convertible preferred stock. The net proceeds should come to around $2.59 billion and $825.5 million, respectively, in each case after estimated issuance discounts, commissions and offering expenses payable by the corporation.

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