ORCL - Oracle Corporation
56.31 0.00 (0.00%)
After hours: 4:33PM EST
| Previous Close | 55.82 |
| Open | 55.80 |
| Bid | 56.22 x 1000 |
| Ask | 56.24 x 3200 |
| Day's Range | 55.65 - 56.50 |
| 52 Week Range | 42.40 - 60.50 |
| Volume | 11,699,000 |
| Avg. Volume | 11,582,603 |
| Market Cap | 188B |
| Beta (3Y Monthly) | 1.15 |
| PE Ratio (TTM) | 18.43 |
| EPS (TTM) | 3.06 |
| Earnings Date | Dec 12, 2019 |
| Forward Dividend & Yield | 0.96 (1.76%) |
| Ex-Dividend Date | 2019-10-09 |
| 1y Target Est | 56.27 |
- Zacks
Paycom Upgrades Learning Program Tools to Curb Talent Crunch
Paycom's (PAYC) new specialized tools, Performance Evidence and Video Content Creator, will aid companies to efficiently equip the in-house staff for meeting the fast-changing business needs.
- Zacks
Tech Stocks' Earnings Lineup for Dec 12: ADBE, AVGO & ORCL
Here is a sneak peek into how three technology stocks, namely, Adobe, Broadcom and Oracle, are poised ahead of their upcoming earnings releases on Dec 12.
- PR Newswire
Baltimore Gas & Electric and Oracle Reshape Peak Pricing Programs
Baltimore Gas & Electric (BGE) has launched a digital experience pilot for thousands of Baltimore residents who pay on and off peak rates for electricity. BGE is using Oracle Utilities Opower Behavioral Load Shaping Cloud Service to engage customers with a proactive, personalized experience designed to help them save on their utility bills. The new service encourages customers to shift their biggest everyday energy loads, such as running energy-intensive appliances and electric vehicle charging, to off peak times. With these tips, BGE customers can save money while helping reduce daily peak energy demand and supporting a cleaner, healthier grid.
- TheStreet.com
Oracle Appears Ready to Rip Higher Ahead of Earnings; Here's How to Trade It
In the cloud wars in Silicon Valley and on Wall Street, the Redwood Shores, Calif., database major has been in catch-up mode. Cloud market share has been a major catalyst for stock-price upside in recent years. Amazon.com and Microsoft have captured an estimated 62% of the cloud market, and in the process have delivered triple-digit stock-price returns since 2017.
- Bloomberg
Oracle Conference Leaves San Francisco, Costing City $64 Million
(Bloomberg) -- Oracle Corp. will move its marquee annual user conference to Las Vegas, abandoning its longtime venue of San Francisco due to the rising cost of visiting the city and its homeless crisis.Oracle’s OpenWorld will be held in Las Vegas beginning next year, the San Francisco Travel Association said Tuesday in a statement. The travel group, in an email reported earlier by CNBC, said the software company committed the conference to Las Vegas for three years, costing San Francisco an estimated $64 million. Oracle, headquartered about 22 miles south of San Francisco in Redwood City, California, told the travel authority that its conference guests were unhappy with San Francisco’s dirty streets and costly hotel rates, according to CNBC.Las Vegas is a key destination for technology conferences. Amazon.com Inc.’s cloud-computing arm, Dell Technologies Inc., Adobe Inc. and Hewlett Packard Enterprise Co. are just a few of the companies that host conferences in the desert city -- drawn to its large venues and inexpensive hotel room rates.Oracle declined to respond to requests for comment on the move.Oracle also holds OpenWorld conferences in Dubai, London, Singapore and Sao Paulo. The company encourages customers and partners to “register for an OpenWorld near you,” reducing the importance of the San Francisco gathering, where the company unveils new software products. The San Francisco OpenWorld generally attracted about 60,000 attendees. For years, the conference has been overshadowed by Dreamforce, rival Salesforce.com Inc.’s annual confab that the company describes as the world’s largest software conference. Dreamforce had more than 170,000 registered attendees in November.San Francisco hasn’t been a happy home for OpenWorld or Dreamforce for years, with residents complaining about street closures caused by the conferences and a surge of pedestrian traffic downtown. Local hotels swell room rates in anticipation of demand among attendees.Oracle held the first official OpenWorld conference at San Francisco’s Moscone Center in 1996, according to its website. The company’s user gatherings date back to 1982, when 50 attendees gathered for International Oracle Users Week at a hotel in San Francisco.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 Pollack, Robin AjelloFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Barrons.com
Oracle Is Moving Its Massive Conference Out of San Francisco. Are Dirty Streets to Blame?
The software giant is based in Redwood Shores, a short drive south from San Francisco. Just as the naming rights to that arena expired—and the Warriors moved across the Bay to San Francisco—Oracle bought the naming rights to the San Francisco Giants’ stadium. For more than 20 years, Oracle (ticker: ORCL) has held its annual OpenWorld trade show in San Francisco, as well.
- American City Business Journals
Oracle is moving OpenWorld out of San Francisco
The next three technology conventions would each have brought in an estimated $64 million in economic impact for the city.
- Zacks
Q3 Productivity, Labor Costs Revised Down; Plus AZO Beats
Revisions to Q3 Productivity and Unit Labor Cost both came in lower than expected, while AutoZone (AZO) beat estimates on top and bottom lines.
- Barrons.com
Oracle Reports Earnings Thursday. Here’s What To Expect.
Oracle is pushing hard to play catch up in the cloud. We’ll get an update on its progress after the close on Thursday.
- Zacks
Buy Adobe Ahead of Q4 2019 Earnings with ADBE Stock Near Highs?
Adobe shares have surged 36% in 2019 to outpace its broader market's 24% climb. So, is now the time to buy Adobe with the company set to report its Q4 fiscal 2019 financial results on Thursday, December 12?
- Bloomberg
Amazon Cites Trump Bias at ‘Enemy’ Bezos in Cloud Deal Loss
(Bloomberg) -- Amazon.com Inc. claims the Pentagon failed to fairly judge its bid for a cloud contract worth up to $10 billion because President Donald Trump viewed company founder Jeffrey Bezos as his “political enemy.”Amazon Web Services, Amazon’s cloud unit, claimed in a lawsuit that was made public on Monday that the Defense Department ignored Amazon’s superior technology and awarded the contract to Microsoft Corp. despite its “key failures” to comply with requirements for the so-called Joint Enterprise Defense Infrastructure, or JEDI, contract.The Pentagon made those errors because of improper interference by Trump, who Amazon said “launched repeated public and behind-the-scenes attacks to steer the JEDI Contract away from AWS to harm his perceived political enemy -- Jeffrey P. Bezos,” according to the lawsuit. The president has long criticized Bezos, especially for his ownership of The Washington Post.Defense Department spokeswoman Elissa Smith denied any external factors influenced the bidding process. Microsoft spokeswoman Janelle Poole said in a statement that the Pentagon “ran a detailed, thorough and fair process in determining the needs of the warfighter were best met by Microsoft.”Amazon, which filed its lawsuit under seal last month in the U.S. Court of Federal Claims, is seeking to prohibit the Defense Department from proceeding without a new evaluation or award decision. The department won’t start work on the contract beyond certain “preparatory activities” until February 11, according to the lawsuit.“Basic justice requires reevaluation of proposals and a new award decision,” the company said in its lawsuit. “The stakes are high. The question is whether the President of the United States should be allowed to use the budget of DoD to pursue his own personal and political ends.”The Pentagon’s JEDI project is designed to consolidate the department’s cloud computing infrastructure and modernize its technology systems. Amazon was widely seen as the front-runner for the contract because it previously won a lucrative cloud deal from the Central Intelligence Agency and had earned the highest levels of federal security authorizations.Amazon said in its lawsuit that the Pentagon’s “pervasive errors are hard to understand and impossible to assess separate and apart from the President’s repeatedly expressed determination to, in the words of the President himself, ‘screw Amazon.’”Amazon was citing a new book by Guy Snodgrass, a speechwriter to former Defense Secretary Jim Mattis, that alleges that Trump, in the summer of 2018, told Mattis to “screw Amazon” and lock it out of the bid. Mattis didn’t do what Trump asked, Snodgrass wrote. Mattis has criticized the book, but hasn’t commented on the allegation concerning Amazon.Amazon’s lawsuit also lists other comments and actions by Trump and the Defense Department to make its case that the Pentagon bowed to political pressure when making the award to Microsoft. In 2016, Trump said that when that he would become president, Amazon would “have problems” and that the company was “getting away with murder,” according to the lawsuit.The company also cited the president’s comments during a press conference in July, when he openly questioned whether the JEDI contract was being competitively bid, citing complaints from Microsoft, Oracle Corp. and International Business Machines Corp. Later that month, Trump “doubled down” on that rhetoric when he tweeted television coverage that characterized the JEDI contract as a “Bezos bailout,” the lawsuit says.As Trump’s criticisms persisted, Amazon alleges, the Pentagon took numerous actions to “artificially level the playing field” between the company and its competitors during the bidding process, including a decision in mid-2018 to refuse to evaluate past contract performance. For example, the lawsuit alleges that months after the Pentagon initially reviewed Amazon’s proposal, the Defense Department changed one of its requirements for hosting sensitive data, which prevented Amazon from leveraging its existing data centers and increased its total proposed price.The Seattle-based company also contends the Pentagon ignored critical aspects of its proposal while overlooking Microsoft’s deficiencies on concerns regarding security, price and its ability to offer a marketplace of third-party technology products.While no law prohibits a president from weighing in on a contract, federal agencies must follow strict rules about what they can and can’t consider when making an award decision. Agencies must choose vendors based on the criteria outlined in their requests for proposals to avoid inviting a successful legal challenge, according to procurement experts.Still, the experts have said loosing bidders such as Amazon face steep odds to successfully overturn a contracting decision on the legal basis of political or vendor bias.A study conducted by Rand Corp. found that the U.S Court of Federal claims sustained just 9% of contract protests against the Defense Department from 2008 through 2016. The Government Accountability Office sustained 2.6% of contract protests during the same time period, though a much larger percentage of challenges led the agency to make changes to the procurement decision or terms, according to the study.(Updates with comment from Microsoft starting in fourth paragraph)To contact the reporter on this story: Naomi Nix in Washington at nnix1@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, Larry LiebertFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- PR Newswire
ORACLE NAMES VISHAL SIKKA TO THE BOARD OF DIRECTORS
Oracle (NYSE: ORCL) today announced that Dr. Vishal Sikka, founder and CEO of the AI company Vianai Systems, has been named to Oracle's Board of Directors. Before starting Vianai, Vishal was a top executive at SAP and the CEO of Infosys.
- American City Business Journals
AWS: DOD made a nest of ‘prejudicial errors’ in JEDI evaluation
Like everything tied to this potential $10 billion cloud infrastructure contract, the AWS protest is a colorful, compelling and bellicose broadside of how the JEDI acquisition has been handled and how it should be undone.
- Zacks
Factors Setting the Tone for Oracle's (ORCL) Q2 Earnings
Oracle's (ORCL) fiscal second-quarter results are expected to reflect solid adoption of cloud-based services and latest Autonomous Database.
- Zacks
AutoZone, Oracle, Costco, Adobe Systems and JPMorgan are part of Zacks Earnings Preview
AutoZone, Oracle, Costco, Adobe Systems and JPMorgan are part of Zacks Earnings Preview
- Zacks
Computer Software Stock Outlook: Growth Prospects Bullish
Computer Software Stock Outlook: Growth Prospects Bullish
- PR Newswire
Oracle Health Sciences Participates in TOP Tech Sprint
Clinical trials are an essential gateway for getting new cures to market. However, many patients struggle to find the right trials that meet their unique medical requirements. To explore better ways to match patients with the right trials, Oracle Health Sciences is once again participating in The Opportunity Project (TOP) Technology Sprint: Creating the Future of Health.
- Bloomberg
Beijing Pushes for Removal of Foreign Tech in More State Offices
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The Chinese government is taking further steps to remove foreign technology from state agencies and other organizations, a clear sign of determination for more independence amid escalating tensions with the U.S.Beijing will likely replace as many as 20 million computers at government agencies with domestic products over the next three years, according to research from China Securities. More than 100 trial projects for domestic products were completed in July, the brokerage firm said. The Financial Times newspaper said the Communist Party’s Central Office earlier this year ordered state offices and public institutions to shift away from foreign hardware and software.The government under President Xi Jinping has been trying for years to replace technologies from abroad, and particularly from the U.S. Bloomberg News reported in 2014 that Beijing was aiming to purge most foreign technology from its banks, the military, government agencies and state-owned enterprises by 2020. The country’s Made in China 2025 plan also set out specific goals for technology independence, although the policy has been de-emphasized after contributing to trade war tensions.U.S. President Donald Trump’s aggressive policies against China and its leading companies have given the effort renewed urgency. His administration banned U.S. companies from doing business with Huawei Technologies Co. this year and blacklisted other Chinese firms.“The trade war has exposed various areas of Chinese economic weakness, which Beijing seems determined to rectify,” said Brock Silvers, managing director of Adamas Asset Management. “If the decision pushes Trump to finally come down hard with a more forceful ban of Chinese tech, however, China may one day regret having gone so public with its policy so soon.”While the current push is narrow in scope, it is designed as part of the broad, long-standing effort to decrease China’s reliance on foreign technologies and boost its domestic industry. The goal is to substitute 30% of hardware in state agencies next year, 50% in 2021 and 20% in 2022, China Securities estimated, based on government requests and clients’ budgets.The research, from September, detailed Beijing’s goals. The FT reported the number of computers to be replaced could reach 30 million, attributing the figures to China Securities. The newspaper said the goal is to use “secure and controllable” technology as part of the country’s Cyber Security Law passed in 2017.Starting next year, key industries such as finance, energy and telecom will test more domestic products in trials that may last years, the firm said. Chinese banks are supposed to shift from International Business Machines Corp. and Oracle Corp. to more diversified X86 architecture suppliers and then eventually to fully made-in-China hardware. China has decided to adopt ARM architecture for its domestic hardware, China Securities said.“The China-U.S. trade war could also help to breed a new market for home-made products,” China Securities analyst Shi Zerui wrote.Still, Beijing’s push has proven difficult because its domestic industry hasn’t yet shown itself capable of matching foreign technologies in certain sectors. Particularly hard to replace, for example, are semiconductors from suppliers like Intel Corp. and Nvidia Corp., as well as software from Microsoft Corp. and Apple Inc.“While large suppliers such as Microsoft and IBM are undoubtedly worried, many high-end components, like chipsets, can’t be easily replaced,” Silvers said.\--With assistance from Debby Wu.To contact Bloomberg News staff for this story: Gao Yuan in Beijing at ygao199@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Yahoo Finance
FOMC meeting, retail sales — What to know in the week ahead
The Federal Open Market Committee’s (FOMC) last policy-setting meeting of this year and November’s retail sales data will take centerstage this week.
- MarketWatch
Microsoft fairly and squarely beat Amazon in $10 billion Pentagon cloud contract
The prestigious contract went to the superior company, despite detractors who claim President Trump opposed Amazon.
- InvestorPlace
3 Earnings Reports to Watch Next Week
Editor's note: InvestorPlace's Earnings Reports to Watch is updated weekly. Please check back next week for our latest earnings picks.The earnings calendar is surprisingly full next week. And next week's earnings reports, including several from big names, come at an interesting time for the market.After all, U.S. stocks saw their first real stumble in almost two months this week. A three-session decline that began on Friday took nearly 2% off the S&P 500. Investors started buying the modest dip on Tuesday afternoon, though flat trading on Thursday suggests even that optimism has faded.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn other words, equities look a little shaky heading into the rest of the year. Next week's earnings reports could change overall sentiment -- or at least signal just how confident, or worried, the market truly is.That said, reports from two big names don't have quite the juice they might normally have. Adobe (NASDAQ:ADBE) already has released guidance for fiscal 2020, with its shares gaining nicely on that news. There's likely little in the way of surprises coming when it reports on Thursday.Costco Wholesale (NASDAQ:COST) released sales for its fiscal fourth quarter this week, and doesn't give guidance. It's worth keeping an eye on shaky trading of late, but there, too, earnings don't seem likely to drive a major move. * 7 Hot Stocks for 2020's Big Trends Still, there are plenty of other key earnings reports to watch next week. Several retailers report as the important (and shortened) holiday shopping season ramps up. A pair of big value plays in tech will try to maintain recent momentum. And a leader in one of the market's hottest sectors will try and avoid a pothole. Next week seems potentially important for a market that seems to have cooled off, and these earnings reports could have a lot to do with where stocks go from here. Earnings Reports to Watch: AutoZone (AZO)Source: Robert Gregory Griffeth / Shutterstock.com Earnings Report Date: Tuesday, December 10, before market openAutoZone (NYSE:AZO) isn't the biggest company reporting next week. Its fiscal first quarter earnings report isn't going to move the markets, and may not even generate all that much in the way of headlines.Still, AutoZone earnings bear watching. At the least, they could move shares of rivals O'Reilly Automotive (NASDAQ:ORLY) and Advance Auto Parts (NYSE:AAP), which like AZO sit in an interesting spot at the moment.All three stocks fell rather sharply in 2017 amid fears of online competition from the likes of Amazon (NASDAQ:AMZN). They've since rebounded -- AZO stock has more than doubled from late 2017 lows -- but there's a question of just how much rally is left.Indeed, the three names have traded relatively flat in recent months. As a result, this is a sector that looks like it needs a catalyst; blowout AutoZone earnings certainly would qualify.Meanwhile, AZO stock looks like an interesting test for the market after earnings. Fears of online competition persist. Valuation is attractive relative to the market, but seems to make sense given external risks. Are investors willing to focus on valuation over risk? If they are with AZO, they might be elsewhere in the market too. American Eagle Outfitters (AEO)Source: Helen89 / Shutterstock.com Earnings Report Date: Wednesday, December 11, before market openAmerican Eagle Outfitters (NYSE:AEO), too, isn't one of the largest companies reporting next week. It's not even the largest apparel retailer: that honor goes to Lululemon (NASDAQ:LULU), which also releases third quarter earnings on Wednesday afternoon.But Lululemon is an outlier in retail given its impressive growth. American Eagle, on the other hand, is one of many retailers trying to adapt to the "new normal." Lately, that hasn't been good news for AEO stock, which has declined 22% so far this year and sits not far from a two-year low.That weakness seems surprising given what American Eagle has delivered over the past two years. As a company, American Eagle has performed better than most, and maybe all, other mall-heavy retailers. Its aerie brand has posted spectacular same-store sales growth. The namesake brand has outperformed many of its peers. Earnings have risen.And yet shares keep heading in the wrong direction. In that context, American Eagle earnings look important for the entire apparel retail sector.If American Eagle Outfitters posts another solid earnings report next week, AEO stock has to rally. Because if it can't get at least a bounce at this valuation, investors will rightly wonder if the industry's other, often weaker, stories are worth buying. Meanwhile, if American Eagle disappoints (particularly relative to its outlook for the holiday season), that's a concerning data point at a critical time for the industry. * 10 Stocks That Should Be Every Young Investor's First Choice Mall retailers need good news from American Eagle next week. Anything less could be a big problem at close to the worst possible time. Oracle (ORCL)Source: Jonathan Weiss / Shutterstock.com Earnings Report Date: Thursday, December 12, after market closeOracle (NYSE:ORCL) might well make a big move next week. ORCL stock has lacked much in the way of direction going back to April. Shares have pulled back in recent sessions. Investors don't seem to have much confidence in Oracle stock right now, with a push/pull between an attractive valuation and worries about whether the business can adapt to the new environment in tech.Indeed, recent trading suggests the key question I asked about ORCL stock last year remains unanswered: Is Oracle the next Microsoft (NASDAQ:MSFT) or the next IBM (NYSE:IBM)? Fiscal second quarter earnings on Thursday afternoon won't definitely answer that question, but a solid report could convince investors that the company is at least on the right track.And that would be enough, with ORCL stock still trading at less than 13x earnings. With Broadcom (NASDAQ:AVGO) also reporting on Thursday afternoon, investor appetite for value plays in tech will be tested. That has, of course, been a sector where investors have strongly favored growth. Strong earnings from Oracle and Broadcom might be a modest step toward the long-awaited shift back to value.As of this writing, Vince Martin did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Marijuana Penny Stocks That Have Ridiculous Possibilities * 7 High-Yield ETFs to Buy Now * 4 Dow Jones Industrial Average Stocks to Sell The post 3 Earnings Reports to Watch Next Week appeared first on InvestorPlace.
