48.30 0.00 (0.00%)
After hours: 7:58PM EST
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||47.00 - 48.48|
|52 Week Range||38.30 - 53.14|
|PE Ratio (TTM)||20.75|
|Forward Dividend & Yield||0.76 (1.51%)|
|1y Target Est||N/A|
Dozens of men have been accused of sexual misconduct since The New York Times exposed Harvey Weinstein back in October. Why hasn't this list included more CEOs?
All three main U.S. stock-market benchmarks close at fresh records on Friday and book weekly gains, as investors grow optimistic about the progress of the Republican-led tax cut bill.
Shares of database giant Oracle (ORCL) closed down $1.89, or4%, at $48.30, as analysts debated whether disappointing cloud revenue in its fiscal Q2 report yesterday means the company’s transition is failing. Coming to the rescue today is Bernstein’s Mark Moerdler, who thinks many are “reading too much” into the numbers for cloud that Oracle reported, and misunderstanding what’s going on with Oracle.
Stocks rallied to record highs as Trump tax cuts moved closer to final passage. Disney is buying most of Fox and launched "The Last Jedi." The Fed still sees 3 hikes in 2018, while the FCC ended net neutrality.
Shares of Redwood City-based Oracle Corp. closed down 3.77 percent on Friday, after the company said it’s growing its cloud sales at a slower pace than investors had been expecting. Oracle now expects its cloud app and service revenue to grow between 21 percent and 25 percent in the current quarter. About two-thirds of Oracle’s sales revenue still comes from on-premise software sales — a segment that saw year-over-year growth of just 3 percent.
Shares of Oracle Corporation (NYSE: ORCL ) were trading lower by around 5 percent Friday after the company's fiscal second quarter report showed an earnings beat — but its cloud infrastructure and platform ...
Shares of Adobe (ADBE) are up $2.27, or 1.3%, at $177.27, and are the cloud computing darling to offset investor disappointment with Oracle (ORCL), after both companies reported quarterlies yesterday afternoon but Adobe’s fiscal Q4 report was the cleaner beat. While price targets are going lower for Oracle, they’re rising at several shops for Adobe, and nary a negative thought is heard from the bears, either. The new high price on the Street comes from Keybanc’s Brent Bracelin, who reiterates an Overweight rating and raises his target to $220 from $216, writing that one of the most impressive aspects of the report was the operating profit margin of 42%, “the highest since early 2008." Adobe remains “one of the core cloud stocks to own for 2018” given the prospect for 20% or better revenue growth.
Shares of database giant Oracle (ORCL) are down $2.29, or almost 5%, at $47.90, continuing last night’s after-hours losses, after the company beat fiscal Q2 revenue and profit expectations, and added $12 billion to its buyback plan, but also forecast revenue growth this quarter lower than had been expected. The report was disappointing as far as cloud, with plain-old license sales taking up the slack. The stock has gotten one downgrade today, that I cans see, from RBC Capital’s Ross MacMillan, who cuts his rating to Sector Perform from Outperform, and cut his price target to $531 from $53, writing that traditional software license sales are going to see bigger and bigger declines in the quarters to come.