|Bid||54.49 x 800|
|Ask||54.52 x 3200|
|Day's Range||54.23 - 54.67|
|52 Week Range||42.40 - 54.91|
|Beta (3Y Monthly)||1.04|
|PE Ratio (TTM)||19.53|
|Earnings Date||Jun 17, 2019 - Jun 21, 2019|
|Forward Dividend & Yield||0.96 (1.79%)|
|1y Target Est||53.07|
"Digital transformation" projects have been a growth driver for technology companies. Accenture and others are forging deals with robotic software startups that build digital workers.
Google Cloud lags Amazon and Microsoft in market share and customer experience, but new CEO Thomas Kurian, previously a longtime Oracle executive, is trying to change that.
The DOD could award its flagship cloud contract as early as July 19, but while JEDI has overcome multiple pre-award protests, it could still be felled.
These Tech Stocks Could Be Overvalued at Their Current Prices(Continued from Prior Part)ORCL’s returns Tech giant Oracle (ORCL) has generated a return of 18.5% in the last 12 months. Since the start of 2019, the stock has risen 21%. It’s gained
The Pentagon is one step closer to awarding its massive $10 billion cloud computing contract after a federal claims court judge on Monday lifted a stay placed on the procurement process. The stay was granted in February to give Defense Department officials time to investigate whether an Amazon Web Services employee who had previously worked for the DOD had improper influence on the Joint Enterprise Defense Infrastructure contract, a program that seeks to transform the Pentagon’s IT posture through the use of commercial cloud technology. The Pentagon said last week it determined the employee, Deap Ubhi, did not negatively impact the JEDI procurement process, but he may have committed ethics violations.
Community college deploys Oracle Student Cloud to recruit and engage students across an expanding portfolio of learning programs REDWOOD SHORES, Calif., April 17, 2019 /PRNewswire/ -- Westchester Community ...
Clouds are becoming the standard for enterprising computing. Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) Google Cloud offering has been getting left behind.Source: Shutterstock But under a new business-suited leader, Thomas Kurian, formerly a senior vice president at Oracle (NASDAQ:ORCL), that is supposed to change, with thousands of new salespeople and a commitment to supporting open source.It's a two-pronged attack.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe salespeople are a move against Microsoft (NASDAQ:MSFT), the leading cloud platform, which dominates enterprise computing. Open source is a move against Amazon (NASDAQ:AMZN), the leading cloud infrastructure company, which has been squabbling with major open source projects who claim it violates the spirit of their licensing.The battle for the enterprise cloud is on. Kurian's WayKurian and his suits are part of the message.Google CEO Sundar Pichai seems to only wear ties for weddings and congressional testimony. Kurian's image is aimed at enterprise sales, at customers moving off Oracle. Even when appearing tie-less, he retains the jacket and a button-down shirt. * 10 Stocks That Are Screaming Buys Right Now In addition to hiring a sales team, Kurian is building Google's third-party channel. The open source partnerships are a shot across the bow at International Business Machines (NYSE:IBM), which bet the company on hybrid cloud and open source in buying Red Hat (NYSE:RHT) last year. So is BigQuery, a spreadsheet database, meant to prove that only the scale of a Cloud Czar can deliver what big enterprises need.Kurian's plan is also based on interoperability. Google Cloud not only wants to connect enterprises with cloud rivals, but with rival cloud applications from Salesforce (NASDAQ:CRM) and SAP (NYSE:SAP) databases. Kurian even has a Microsoft LinkedIn page. Noticeably absent from all this is Oracle.Anthos, a new container management system based on open source Kubernetes, allows use of Microsoft and Amazon clouds, as well as Google and private clouds, for enterprise applications. Tools like IntelliJ and VSCode, connected to containers, are for cloud-native applications. Kurian also announced the company's first vertical-market cloud solution, a collection of tools for large retailers.Google is bulking up its G Suite applications, which compete with Microsoft Office. Google killed its Inbox service and is standardizing communications of all types inside Gmail. The PrizeGartner Group estimates $1.3 trillion in enterprise spending will be shifted to the cloud by 2022, with the greatest shift being in infrastructure. Private cloud spending is growing at over 30% per year, public cloud spending at over 20% per year, at the expense of spending on traditional data centers.This growth is what justifies the $900 billion valuations placed on the three leading cloud players. Apple (NASDAQ:AAPL) is building out paid services on its cloud, while Facebook (NASDAQ:FB) continues to focus on free services with its cloud. The message of Kurian this week is that the effort to bring everyone else into the cloud has become a three-way race. The Bottom Line on Google CloudMost Google revenue still comes from its free public services, from search, Maps and YouTube. That's the base on which it is building its enterprise cloud business. That's the heart of its cash flow.For now, there is plenty of enterprise cloud business to go around among the Big Three, and even among suppliers like Dell (NASDAQ:DELL), service companies like IBM and cloud-based software vendors like Salesforce.It's a big investment that will cut margins in the short term. Last year, 22% of Alphabet's $137 billion of revenue went to net income. But the enterprise computing opportunity won't come to the Cloud Czars twice. Google's message this week is it will pay to be a player.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing, he owned shares in MSFT, AAPL and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post Will Alphabet's Big Bet on Google Cloud Be Enough? appeared first on InvestorPlace.
On CNBC's "Mad Money Lightning Round" , Jim Cramer said he is willing to recommend 3Pea International Inc (NASDAQ: TPNL ) as a speculative buy. Oracle (NYSE: ORCL ) is an inexpensive stock that ...
The top 10 U.S. tech companies spent more than $169 billion purchasing their shares in 2018, a 55 percent jump from the year before the tax changes, according to data compiled by Bloomberg. The industry as a whole authorized the greatest number of share buybacks ever recorded, totaling $387 billion, according to TrimTabs Investment Research. Spending on research and development climbed slightly.
As Oracle Corporation (NYSE:ORCL) announced its earnings release on 28 February 2019, analysts seem fairly confident, as a -1.9% increase in profits is expected in the upco...
In the ultimate battle of tech heavyweights in the cloud, it seems that Microsoft Corporation (NASDAQ:MSFT), and Amazon.com, Inc. (NASDAQ:AMZN) are more one with the 'force' than Oracle Corporation (NASDAQ:ORCL), Alphabet Inc (NASDAQ:GOOG), and International Business Machines Corp. (NYSE:IBM) . Or at least that's the Pentagon's lucrative $10 billion winner take all JEDI contract shows. In this article, let's analyze how […]
Microsoft (MSFT) and Amazon (AMZN) are reportedly the only contenders left for JEDI contract as IBM and Oracle have been sidelined. Let's analyze the latest cloud war scenario.
The S&P 500 stalled near 2019 highs ahead of earnings season as companies that buy back shares and NASDAQ tech stocks continue to soar.
Yesterday, the Pentagon announced two finalists in the $10 billion, decade-long JEDI cloud contract process -- and Oracle was not one of them
Oracle has repeatedly complained about the process for the Joint Enterprise Defense Infrastructure contract, saying its winner-takes-all format was unfair, and that two former Department of Defense employees had a conflict of interest with Amazon.
Amazon.com Inc. (NASDAQ: AMZN) and Microsoft Corp. (NASDAQ: MSFT) are the two finalists for the Defense Department’s $10 billion single-source cloud services contract. The Pentagon announced the decision Wednesday, eliminating Oracle Corp. (NYSE: ORCL) and International Business Machines Corp. (NYSE: IBM) from competition for the Joint Enterprise Defense Infrastructure contract, a program that seeks to transform the Pentagon’s IT posture through the use of commercial cloud technology. The DOD said Amazon and Microsoft were the only entrants to meet “the minimum requirements” for the project, according to reports.
Amazon and Microsoft are said to be the finalists for a government contract that could be worth as much as $10 billion.
Oracle co-CEOs Mark Hurd and Safra Catz took home the most pay in 2018, while billionaire investor Warren Buffett barely made the list. Here's a look at what CEOs earn at America's biggest companies.