|Bid||45.80 x 2200|
|Ask||0.00 x 900|
|Day's Range||48.74 - 49.97|
|52 Week Range||42.57 - 53.48|
|Beta (3Y Monthly)||1.05|
|PE Ratio (TTM)||51.52|
|Earnings Date||Dec 12, 2018 - Dec 17, 2018|
|Forward Dividend & Yield||0.76 (1.50%)|
|1y Target Est||52.93|
When Oracle filed a protest in August with the Government Accountability Office (GAO) last August that the Pentagon's $10 billion JEDI RFP process was unfair, it probably had little chance of succeeding. Today the GAO turned away the protest. The JEDI contract has been set up as a winner-take-all affair.
The GAO decision issued Wednesday deals a blow to Oracle’s push to expand its federal defense contracts, leaving the tech company with fewer options to improve its chances of winning the award. It also frees the Pentagon to pursue the single-source solution it has opted for all along. “The Defense Department’s decision to pursue a single-award approach to obtain these cloud services is consistent with applicable statutes (and regulations) because the agency reasonably determined that a single-award approach is in the government’s best interests for various reasons, including national security concerns, as the statute allows,” Ralph White, the GAO’s managing associate general counsel for procurement law, said in a statement.
The investments were disclosed in a Wednesday regulatory filing detailing Berkshire's U.S.-listed stocks as of Sept. 30, following a quarter when the Omaha, Nebraska-based conglomerate spent $17.7 billion on equities. According to the filing, Berkshire owned $829 million of PNC stock, $460 million of the insurer Travelers, and $2.13 billion of Oracle, the database software company. It also added to its sizable stakes in two earlier Buffett investments, Bank of America Corp and Goldman Sachs Group Inc.
The decision to structure the lucrative and high-profile program as a single award — the main point of contention — doesn't violate federal procurement regulations.
Check out the companies making headlines after the bell: Cisco CSCO shares rose more than 4 percent during after-hours trading Wednesday after the company reported earnings of $0.75 a share, beating analysts expectations of $0.
The Government Accountability Office said it's denied a protest filed by Oracle that challenged the terms of a request for proposal for the Joint Enterprise Defense Infrastructure cloud procurement. The GAO said the Pentagon "reasonably determined" that a single-award approach for the potential $10 billion deal is in the government's best interests for various reasons, including national security concerns. Oracle's contention that the agency failed to properly consider potential conflicts of interest also was rejected. The GAO has yet to rule on a protest by IBM over the same contract.
Another important business for Microsoft is Dynamics 365, which is an integration of customer relationship management (or CRM), enterprise resource management (or ERP), the Azure IoT platform, and other business productivity applications. Dynamics 365 is a cloud-based application tool that Microsoft launched in 2016. Microsoft expects revenue of more than $1.25 billion from Dynamics 365 this year.
UNIFI Communications deploys Oracle solution to modernize communications infrastructure REDWOOD SHORES, Calif., Nov. 14, 2018 /PRNewswire/ -- UNIFI Communications , a leading international voice carrier, ...
INDIAN WELLS, Calif., Nov. 14, 2018 /PRNewswire/ -- The Oracle Challenger Series announced today that it will be returning to Southern California for two events in early 2019, to be held at the Newport Beach Tennis Club on January 21-27, 2019 and at the Indian Wells Tennis Garden on February 25 - March 3, 2019. The Oracle Challenger Series launched earlier this year with inaugural events in Newport Beach and Indian Wells. Taylor Fritz and Danielle Collins captured the titles in Newport Beach, while Sara Errani and Martin Klizan triumphed in Indian Wells.
REDWOOD SHORES, Calif., Nov. 14, 2018 /PRNewswire/ -- The Cyprus Telecommunications Authority ("Cyta"), the leading provider of integrated electronic communications services in Cyprus, has selected the Oracle Rapid Offer Design and Order Delivery (RODOD) solution to provide a modern, digital business experience for their customers, employees and partners. Cyta, a semi-governmental organization, provides a wide range of services and facilities for voice and data applications in both fixed and mobile telephony. The company continues to innovate to meet the ever-growing needs of its customers for new value-added content and multimedia services.
Oracle has pledged to double its artificial intelligence team in Reading as part of a new investment in the UK.
MANILA, Philippines, Nov. 13, 2018 /PRNewswire/ -- Gawad Kalinga Enchanted Farm, an incubator for social enterprises in the Philippines, has implemented Oracle NetSuite to support its mission to end poverty for five million families by 2024. With NetSuite, GK Enchanted Farm has improved operational efficiency and regulatory reporting for its different social business units and departments, allowing greater scale and impact for Gawad Kalinga's 2,500 communities.