|Bid||50.230 x 1000|
|Ask||50.240 x 1300|
|Day's Range||50.010 - 50.510|
|52 Week Range||38.300 - 53.140|
|PE Ratio (TTM)||21.84|
|Forward Dividend & Yield||0.76 (1.57%)|
|1y Target Est||N/A|
Alan Valdes, director of floor operations for Silverbear Capital, joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss what stock sectors investors are buying as 2017 draws to a close.
As seen in its partnership with Symantec (SYMC), Oracle (ORCL) is a key player in the tech sector, which is dominated by cloud computing technology.
On December 11, Symantec announced that the primary cloud security components of its Integrated Cyber Defense platform are available through Oracle Cloud.
Oracle Corp. appears to be in a more predictable stage of its cloud transition, but those predictions haven’t lived up to expectations so far.
Oracle reports earnings for the second quarter of fiscal 2018 on Thursday, December 14 after market close. Here’s a look at what might be expected.
A transformative office project just outside downtown Austin is close to delivering its first phase. Oracle Corp. plans to begin moving employees into its new campus on Lakeshore Boulevard off East Riverside Drive on Jan. 8, according to the Austin American-Statesman . Close to 3,000 employees will be housed there to start, and that could grow by a couple thousand more, Scott Armour, senior vice president of Oracle Digital, told the Statesman.
On the whole, tech giants are poised to deliver “stable” revenue and profit in 2018, but two companies in particular are expected to be the main reasons for continued growth.
Shares of database upstart MongoDB (MDB) are down $1.25, or 4.3%, at $27.75, in late trading, after the company this afternoon reported fiscal Q3 revenue and profit that topped analysts' expectations, and projected results this quarter better than the consensus estimate. CEO Dev Ittycheria called the report "strong," and he touted rising demand for the hosted, cloud-based version of the database, "MongoDB Atlas," whose customer count rose by 37% to 2,600. MongoDB has positioned itself as, among other things, a cloud alternative to Oracle's (ORCL) database products, though Oracle CEO Mark Hurd has expressed skepticism the company can be much of a threat.
Oracle is scheduled to announce its Q2 fiscal 2018 results on Thursday, December 14. The company has reported a solid set of results in recent quarters, primarily driven by strong demand for cloud services.
Symantec saw its share make a handy gain to start out the week, after it was announced that the firm’s major cloud security components would now be available on the Oracle Cloud Marketplace.
Two schools of thought exist for Oracle Corporation (NYSE:ORCL) ahead of its second-quarter earnings report. On one hand, you have the innovative corporate spirit underlining ORCL stock. Some of the biggest names in industry utilize Oracle applications to manage and administrate their business.
Oracle CEO Safra Catz will join the Disney board of directors in February as the company pursues acquiring portions of 21st Century Fox (FOX) and searches for a new CEO. Catz said in a statement that she looked forward to working with the board in continuing Disney’s rich legacy of innovation, the L.A. Times reported . Disney (DIS) has not announced whether the new board members will replace current directors.