|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||49.95 - 50.71|
|52 Week Range||38.30 - 53.14|
|PE Ratio (TTM)||21.92|
|Forward Dividend & Yield||0.76 (1.57%)|
|1y Target Est||N/A|
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.
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.
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.
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.
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.
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.
Oracle Corporation's (ORCL) Q2 results to benefit from momentum in its Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS) offerings.
Today Alphabet Inc (NASDAQ:GOOGL) is the second-largest company in the world by market cap, a valuation of $720 billion, expected to bring in $102 billion in revenue and over $32 per share of net income for the year when it reports on Jan. 25. Today, Google bestrides the world and there’s $100 billion burning holes in Chief Financial Officer Ruth Porat’s bank vault.
Micron Technology, Adobe Systems and Red Hat are 3 tech leaders with 95+ Composite Ratings that found support at their 50-day lines with earnings on tap.
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Oracle Corp. Here are 5 ETFs with the largest exposure to ORCL-US. Comparing the performance and risk of Oracle Corp. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker Fund Name ... Read more (Read more...)
Whenever you bring up the subject of International Business Machines Corp. (NYSE:IBM), you’re liable to receive groans and blank stares. Blank stares, of course, come from the Millennials and younger, who may not have heard of IBM, and therefore, are unlikely to invest in IBM stock.
Disney said their election would be effective Feb. 1 but it was yet to decide on which committees they would serve on. The company currently has 12 members on its board, including Facebook Inc's (FB.O) Sheryl Sandberg and Twitter Inc's (TWTR.N) Jack Dorsey.
Alphabet’s Google momentarily beat class-action claims that the company paid female employees less than male staffers and provided women fewer opportunities for advancement. San Francisco Superior Court Judge Mary Wiss on Monday said the lawsuit should not have been brought on behalf of all women who worked at Google in California, according to Reuters . The plaintiffs in the case include a former software engineer, a former communications specialist and a former manager for Google.
Oracle (ORCL) is gaining from the momentum of its SaaS offerings. However, the business model transition remains an overhang on margins.
The database giant, which is navigating a shift from traditional hardware and software to cloud computing that has resulted in more than 1,000 layoffs, faces lower gross margins in its cloud business over the next three years based on growth projections, RBC Capital Markets said in a report on Wednesday. “We have taken a more conservative stance on cloud gross margins,” RBC analyst Ross MacMillan wrote in the report. Oracle faces fierce competition from the likes of Amazon.com (AMZN), Alphabet (GOOGL), Salesforce.com (CRM), SAP SE (SAP) and Microsoft (MSFT) for the $60.3 billion cloud market in the U.S. It belatedly dove into the market amid declarations of computing war from co-founder and chief technology officer Larry Ellison, who backed up the rhetoric with a series of acquisitions that included NetSuite for $9.3 billion in 2016.
Jim Cramer asked investors to be prepared for market volatility going into a week with bitcoin, tech and taxes front and center.