|Bid||55.35 x 800|
|Ask||55.84 x 900|
|Day's Range||55.38 - 56.32|
|52 Week Range||39.71 - 57.84|
|Beta (5Y Monthly)||0.85|
|PE Ratio (TTM)||18.02|
|Earnings Date||Sep 09, 2020 - Sep 14, 2020|
|Forward Dividend & Yield||0.96 (1.73%)|
|Ex-Dividend Date||Jul 14, 2020|
|1y Target Est||54.10|
Today Oracle announced its San Jose Cloud Region, marking the company's 25th Cloud Region worldwide. The opening is part of Oracle's aggressive plan to add 11 Cloud Regions by July 21, bringing its total to 36. Now, North American customers and partners on the west coast have regional access to all of the company's cloud services, including Oracle Autonomous Database and Oracle Autonomous Linux, as well as Oracle Cloud Applications to unlock innovation and securely protect their applications and data. The San Jose site also houses the sixth multi-cloud interconnection between Oracle and Microsoft Azure. These interconnects enable customers to run their mission-critical workloads across Oracle Cloud Infrastructure and Azure seamlessly.
Cisco Systems (NASDAQ: CSCO) and Oracle (NYSE: ORCL) were once dominant Silicon Valley tech titans, but the advent of cloud computing transformed the IT industry and changed the fortunes of both companies. As cloud computing allowed businesses to outsource much of their IT infrastructure to third parties, the demand for Cisco and Oracle's on-premises solutions declined. Now the global coronavirus pandemic is injecting new uncertainty.
In recent years, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett has taken a lot of flak for his investment style. More specifically, Buffett's unwillingness to chase after innovative tech stocks has left his company to underperform the benchmark S&P 500. Since 1965, Berkshire Hathaway's per-share market value has risen by 2,744,062%.