|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|
|Earnings Date||Mar 13, 2018 - Mar 19, 2018|
|Forward Dividend & Yield||0.76 (1.51%)|
|1y Target Est||56.30|
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.
Oracle began pushing aggressively into cloud computing about three years ago, negatively impacting sales and earnings.
Recently some Wall Street analysts — such as from UBS Group and RBC Capital Markets — have gotten more concerned about Oracle Corporation (NYSE:ORCL). On news of the results, ORCL stock fell over 5%. All in all, ORCL stock has underperformed various other top rivals like Microsoft Corporation (NASDAQ:MSFT) and SAP SE (ADR)(NYSE:SAP).
U.S. stocks trade higher on Friday, as investors shrug off worries over a possible stall in U.S. tax reform plans that pushed stocks lower in the previous session.
Last night, Oracle Corporation (NYSE:ORCL) reported earnings and ORCL stock investors hated what they saw. Coming into the earnings event, ORCL stock had been up 30% year-to-date. The company did the same thing in September and that proved to be a good knife to catch, but Oracle stock still requires caution.
With a miss in its much touted cloud business and another lower-than-expected forecast, Oracle Corp. gave a dose of reality to investors that its transition to the cloud is more complex than the bluster ...
Oracle (ORCL) and the overall tech sector are expected to be key beneficiaries of this tax reform, which proposes a maximum tax rate of 20%.
Costco rose 4 percent after the retailer reported upbeat results and pushed up the S&P Consumer Staples index by 0.9 percent. The index was the biggest gainer among the 11 major S&P sectors. The S&P 500 fell the most in a month on Thursday after Republican Senators Marco Rubio and Mike Lee declined to back the bill without changes to child tax credits.