ORCL - Oracle Corporation
| Previous Close | 56.47 |
| Open | 55.00 |
| Bid | 54.50 x 800 |
| Ask | 54.56 x 1200 |
| Day's Range | 54.42 - 55.40 |
| 52 Week Range | 42.40 - 60.50 |
| Volume | 20,920,820 |
| Avg. Volume | 11,256,966 |
| Market Cap | 179B |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | 17.28 |
| EPS (TTM) | 3.15 |
| Earnings Date | Mar 12, 2020 - Mar 16, 2020 |
| Forward Dividend & Yield | 0.96 (1.70%) |
| Ex-Dividend Date | 2019-10-09 |
| 1y Target Est | 56.27 |
- Simply Wall St.
Update: Oracle (NYSE:ORCL) Stock Gained 39% In The Last Three Years
Thanks in no small measure to Vanguard founder Jack Bogle, it's easy buy a low cost index fund, which should provide...
- American City Business Journals
Courtside with Evan Goldberg: How the Oracle NetSuite founder's passion for squash led to youth-serving nonprofit
The founder of Oracle NetSuite moonlights as the president of Squash on Track, a program that introduces low-income youth to the game of squash in Redwood City.
- Investor's Business Daily
Is Oracle Stock A Buy Right Now? Here's What Earnings, Charts Show
A multiyear business restructuring by Oracle has moved the database software giant solidly into cloud computing, as bulls and bears continue to debate what it means for the company's stock.
- GuruFocus.com
2 Tech Giants Release Results
Oracle tops analysts on 2nd-quarter earnings but misses on revenues, while Adobe beats forecasters on its 4th quarter Continue reading...
- GuruFocus.com
Oracle Posts Mixed 2nd-Quarter Results
Oracle’s earnings rise, but revenue falls short of Wall Street’s expectations Continue reading...
- Bloomberg
Oracle’s Need for ‘Steep’ Sales Climb Leaves Street Cautious
(Bloomberg) -- Oracle Corp. slumped Friday after the company’s quarterly sales trailed expectations. Analysts say forecasts suggest a sharp growth acceleration in the fiscal fourth quarter is needed to meet the company’s year-end target.The culprit for the consolidated sales miss was a shortfall in license revenue brought on by continued effects of a sales reorganziation earlier this year, as well as “price discipline,” according to RBC’s Alex Zukin and other sell-side analysts.Fourth-quarter fiscal 2020 faces the most difficult year-ago comparison (4% growth in constant currency) since the company’s second quarter of fiscal 2018. And the environment is tough, Deutsche Bank added.Shares of Oracle fell as much as 3.5%, the biggest intraday decline since Sept. 12. The stock has gained 22% year to date, underperforming both the S&P 500 and its large-cap tech peers.Here’s more of what analysts said following the report:Raymond James, Michael Turits“The company evinced confidence in second half momentum, which it expects to carry into F21 around back office applications (HCM/ERP), cloud @ customer deployments, new versions of Autonomous Database, and diminishing headwinds from data cloud decline”Management also indicated that the second half benefits from transactional (license/hardware) businessTurits believes that for Oracle to see fiscal 2020 constant-currency acceleration following the “slight” misses in the second-quarter actual sales figure and the third-quarter forecast “would mean an extremely steep back half ramp”Given the current set up, the analyst believes that fiscal 2020 revenue growth will decelerate to 2.2% on a constant-currency basisEstimates 2.9% growth for next year, “as the drivers above continue to play out”Rates outperformWhat Bloomberg Intelligence says:“While management commentary about the increased use of Oracle’s new autonomous database product is encouraging with 2,000 new customers and triple-digit growth, weak total license sales shows that clients are taking time to spend more on other new products,” wrote analyst Anurag Rana.Rana doesn’t see this trend changing in the near-term given weakening global macroeconomic conditions that “could even hurt cloud applications sales.”Wedbush, Steve Koenig“We attribute the miss to database license headwinds from a first-quarter tech sales reorg -- which separated cloud and premise sales and likely resulted in smaller deal sizes -- and declining sales of vertical applications licenses”Management was upbeat on prospects for the second half, as large autonomous database transactions get recognized this fiscal year and cloud database velocity picks up, Koenig saidNoted “longer term, these prospects seem promising, but we suspect that any uptick in FY20 year-end tech segment performance would be mostly seasonality (much like in FY19), and a secular upturn in ORCL’s tech segment is likely many more quarters in the offing”The analyst is “more convinced” of Oracle’ progress in cloud applications than cloud infrastructureMaintains neutral rating, as he looks for “meaningful progress” in rebooting database growth on a more sustained basis; price target $56 from $55Deutsche Bank, Karl KeirsteadThe third-quarter forecast for just 1% to 3% constant-currency sales growth implies “a huge growth acceleration” in the fourth quarter “against a very tough compare and in a tougher environment” in order for the full-year to reach Oracle’s forecastKeirstead remains “skeptical about any sustainable growth acceleration”Rates holdTo contact the reporter on this story: Janet Freund in New York at jfreund11@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Steven FrommFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
PulteGroup, Container Store, Oracle, Adobe and Broadcom highlighted as Zacks Bull and Bear of the Day
PulteGroup, Container Store, Oracle, Adobe and Broadcom highlighted as Zacks Bull and Bear of the Day
- Zacks
Oracle's (ORCL) Q2 Earnings Beat Estimates, Revenues Miss
Oracle's (ORCL) Q2 performance benefits from rapid growth in cloud ERP and Autonomous Database.
- Barrons.com
Sarepta Is Soaring, the Dow Is Gaining — but the Real Action Is Overseas
Stocks are ripping higher on Friday the 13th. Boris Johnson won a majority of seats in Britain’s parliamentary election, clearing the way for a Brexit deal. What’s more, U.S. and Chinese trade officials are inching closer to a phase-one trade deal.
- Investor's Business Daily
Dow Jones Futures Pare Gains Despite China Trade Deal Reports; Adobe Signals Breakout On Earnings
Dow Jones futures slashed gains after China trade deal buzz sent the stock market to record highs. Adobe signaled a breakout on earnings. Broadcom, Costco, Oracle moved on results too.
- TheStreet.com
My Trade Idea for Oracle
Before we even approach Oracle's immediate past, as in the quarter that the firm reported on Thursday evening, we have to address the present situation that the firm finds itself in, and where it needs to go in terms of C-level management in the wake of the passing of co-CEO Mark Hurd back in October. Oracle Chairman Larry Ellison was quite clear on Thursday. You will recall that at the time of Hurd's death, Oracle had announced that there would be a search for a new co-CEO to work with co-CEO Safra Catz.
- MarketWatch
Oracle stock falls as earnings show continuing struggle for revenue growth
Oracle Corp. shares dropped in late trading Thursday as the software giant’s struggle to increase revenue continued.
- MarketWatch
Bill.com stock surges 60% after IPO in a sign that the software market is still hot
In a mixed year for initial public offerings, software names have been a bright spot, and Bill.com Holdings Inc. kept the streak alive Thursday.
- TheStreet.com
Stocks Log Modest Gains as U.S. and China Reach Phase One Trade Agreement
Stocks ended slightly higher Friday after officials in Washington and Beijing said major progress was made in trade negotiations.
- Investing.com
Oracle Stock Falls 3%
Investing.com - Oracle (NYSE:ORCL) Stock fell by 3.06% to trade at $54.73 by 09:35 (14:35 GMT) on Friday on the NYSE exchange.
- Thomson Reuters StreetEvents
Edited Transcript of ORCL earnings conference call or presentation 12-Dec-19 10:00pm GMT
Q2 2020 Oracle Corp Earnings Call
- Investing.com
Stocks - Adobe, iHeartMedia, Barclays Up in Premarket; Broadcom Down
Investing.com -- Stocks in focus in premarket trade on Friday, 13th December.
- Investing.com
Stocks - U.S. Futures Push Higher on Trade, Brexit Hopes
Investing.com -- U.S. stock markets hit new all-time highs overnight and were set to open only slightly below them on Friday, as a convincing win for Boris Johnson's Conservatives in the U.K. general election removed a key uncertainty over the Brexit process, adding to optimism generated on Thursday by reports of an imminent trade deal between the U.S. and China.
- Investing.com
Top 5 Things to Know in the Market on Friday, 13th December
Investing.com -- China stays mum on the reported U.S. trade deal offer, as analysts see Beijing afraid of getting caught in a trap. The pound and U.K. stocks soar after a convincing election victory for Boris Johnson's Conservatives that paves the way for a formal withdrawal from the EU by the end of January at the latest. And Broadcom (NASDAQ:AVGO) promises a better year ahead after suffering from the U.S. ban on exports of sensitive components to Huawei. Here's what you need to know in financial markets on Friday, 13th December.
- TheStreet.com
China Trade Pact, Boris Johnson, Oracle, Costco and Facebook - 5 Things You Must Know Friday
U.S. stock futures rise as investors cheer the possibility of a near-term trade agreement between the U.S. and China and the victory for Prime Minister Boris Johnson's Conservative Party in the U.K. elections; Oracle slips after posting mixed earnings and saying it has no plans to name a co-CEO; FTC could seek injunction against Facebook.
- TheStreet.com
Oracle Shares Slide After Mixed Q2 Earnings; Says No Plans to Hire Co-CEO
Oracle chairman Larry Ellision said the group has no plans to hire a co-CEO following the passing of Mark Hurd in October and held to its forecast of double-digit earnings growth for the 2020 fiscal year.
- Bloomberg
Oracle Projects Revenue In Line With Analysts’ Estimates
(Bloomberg) -- Oracle Corp. gave a sales forecast for the current quarter that was in line with analysts’ estimates, signaling muted demand for the company’s software amid its uneven transition to cloud computing.Revenue will increase 1% to 3% in the fiscal third quarter, Chief Executive Officer Safra Catz said Thursday on a conference call with analysts. Wall Street projected a 2.3% jump.Earlier, the world’s second-largest software maker reported sales gained less than 1% to $9.61 billion in the period that ended Nov. 30, short of analysts’ projections of $9.65 billion. Shares declined 3% in extended trading after closing at $56.47 in New York. The stock has gained 25% this year.Oracle’s report was the first since the October death of Mark Hurd, its top sales executive and one of the company’s two chief executive officers. Chairman Larry Ellison said on the call that the company had no plans to replace Hurd, leaving Catz as sole CEO. He pointed toward Oracle’s next line of executives, who lead business divisions, saying, “those people will be the next CEO when Safra and I retire, which will be no time soon.”Since Hurd’s death, Ellison and Catz have sought to reassure investors about the company’s stability, emphasizing Oracle’s advantage in the market for financial planning applications, where it’s seeing some of its strongest sales growth.While Oracle has made little headway in its effort to compete with the biggest cloud companies to rent computing power and storage, it remains a leader in database software. Now, the company is betting on its new Autonomous Database, which runs without a need for human administrators, to spur revenue in the face of strong competition from Amazon.com Inc.’s cloud division.After inconsistent sales growth the past five years, Catz pledged to investors in September that revenue would accelerate this fiscal year and next, and that earnings per share would grow by a double-digit percentage. To help reach that goal, the company that month announced a new artificial intelligence-driven operating system, as well as partnerships with software makers such as VMware Inc. and Box Inc.In the fiscal second quarter, revenue from cloud services and license support climbed 2.6% to $6.8 billion. While that metric includes sales from hosting customers’ data on the cloud, a large portion is generated by maintenance fees for traditional software housed on clients’ corporate servers.Cloud license and on-premise license sales decreased 7.5% to $1.13 billion in the period, suggesting the company is signing fewer new deals.Profit, excluding certain items, was 90 cents a share, compared with analysts’ average estimate of 89 cents. In the current quarter, Oracle projected earnings of 95 cents a share to 97 cents a share. Analysts, on average, estimated 96 cents a share.(Updates with forecast in the second paragraph)To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- American City Business Journals
Larry Ellison: Oracle not planning to hire a second CEO to replace Mark Hurd
Oracle Corp. is not planning to hire a second CEO to replace Mark Hurd, who died in October, Chief Technology Officer Larry Ellison revealed on an earnings call Thursday. The Redwood City software giant continues to hire senior executives who could one day take over as CEO after Safra Catz and Ellison retire, “which is not anytime soon,” said Ellison, 75. Catz, 58, will continue to serve as sole CEO.
- Yahoo Finance Video
Why companies turn to data to drive their businesses
The database market is valued at roughly $68 billion. Currently, most of the technology on the market is currently outdated for the cloud era. This presents a dilemma for the companies that rely upon data and applications to support their businesses. MongoDB COO and CFO Michael Gordon joined The Final Round to discuss his database company and what it is doing to help fill the void in the market.
