ORCL - Oracle Corporation
| Previous Close | 53.75 |
| Open | 53.40 |
| Bid | 52.99 x 3000 |
| Ask | 0.00 x 3000 |
| Day's Range | 52.79 - 53.57 |
| 52 Week Range | 42.40 - 60.50 |
| Volume | 13,925,800 |
| Avg. Volume | 14,337,110 |
| Market Cap | 177.265B |
| Beta (3Y Monthly) | 1.20 |
| PE Ratio (TTM) | 17.39 |
| EPS (TTM) | 3.06 |
| Earnings Date | Dec 16, 2019 - Dec 20, 2019 |
| Forward Dividend & Yield | 0.96 (1.71%) |
| Ex-Dividend Date | 2019-07-16 |
| 1y Target Est | 56.47 |
- Bloomberg
Oracle Unveils More Autonomous Software to Boost Cloud Growth
(Bloomberg) -- Oracle Corp. unveiled an operating system that runs without the need for human oversight, part of a raft of new software tools meant to ease the company’s rocky transition to cloud computing.The operating system expands Oracle’s line of autonomous products beyond databases, the company’s flagship software. Chairman Larry Ellison announced the new Linux-based product Monday during remarks at OpenWorld, Oracle’s annual user conference in San Francisco.“If you eliminate human error in autonomous systems, you eliminate data theft,” Ellison said on stage. The feature makes Oracle’s products more secure than those sold by cloud leader Amazon Web Services, he said.Ellison said the operating system, which the company’s Autonomous Database runs on, will update itself without any downtime.The world’s second-largest software maker has sought to revive sales growth after years of almost stagnant revenue. Oracle hopes that a lineup of “self-driving” programs could help differentiate the company’s offerings against products from Amazon.com Inc. and Microsoft Corp. Those companies are the top two in the market to rent storage and computing power, which is projected to reach almost $39 billion in 2019. The tools may also entice longtime Oracle customers to upgrade their technology to take advantage of artificial intelligence and machine learning capabilities.Oracle disclosed last week that Mark Hurd, one of the company’s two chief executive officers, would take a leave of absence to treat an unspecified illness. Ellison and Oracle’s other CEO, Safra Catz, said they would fill in for Hurd, who has overseen the company’s sales and marketing efforts.The Redwood City, California-based company also announced a variety of changes and new programs to bolster its partner ecosystem:Oracle unveiled an agreement with VMware Inc. to bring virtualization software to Oracle’s cloud, similar to deals VMware has signed with Microsoft and Google.Customers will be able to buy software made by other companies in the Oracle Cloud Marketplace, which may help company partners including Cisco Systems Inc. and Palo Alto Networks Inc.Oracle also said it expanded a relationship with cybersecurity company McAfee Inc. to bring its security incident software to Oracle’s infrastructure cloud.Ellison said Oracle would offer a free version of its Cloud Infrastructure, giving developers, students and others perpetual access to the company’s autonomous database, computing and storage.The company plans to launch 20 additional cloud data-center hubs, called “regions,” by the end of 2020. Ellison said the company would have more regions around the world than AWS.Oracle will let customers run the autonomous database in their own data centers next year, and unveiled new servers with updated memory components from Intel Corp.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 PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- PR Newswire
Oracle Expands Database Innovation Leadership
SAN FRANCISCO, Sept. 16, 2019 /PRNewswire/ -- ORACLE OPENWORLD -- Oracle today announced major new innovations across its data management portfolio that make it easier, faster, and safer for customers to run their mission critical workloads everywhere – in the cloud, on-premises, and via Exadata Cloud at Customer. "Oracle's passion in helping customers solve tomorrow's problems through technological investment and innovation is unparalleled," said Andrew Mendelsohn, executive vice president, database server technologies, Oracle. Expands Autonomous Database Capabilities — Along with launching four new Cloud regions across four continents in a single month, Oracle continues to expand the autonomous capabilities of its self-driving database to help meet the needs of enterprise customers who want to move their mission-critical workloads to the cloud.
- Reuters
Oracle, VMware agree to deal on cloud technology, technical support
Oracle Corp and VMware Inc on Monday announced a deal designed to resolve years of tension over how Oracle handles technical support for VMware users and make it easier for them to move to Oracle's cloud computing service. Oracle is competing against Amazon.com Inc and Microsoft Corp to offer cloud services, where businesses use Oracle's data centres to handle their computing needs. In recent years, cloud providers have worked to woo large businesses that still run their own data centres to move some or all of that work to the cloud.
- PR Newswire
Adoption of Oracle Autonomous Database Soars Worldwide
11880.com, AGEA, Arlington Orthopedics, AsiaPay, Beker/Socialand, CERN, Data Intensity, Drop Tank, Henry Ford Health System, Impulse Logic, Intive, I.Z.S.M. Portici, JASCI Software, Kingold, MESTEC Limited, Net Insight, OUTFRONT Media, Patterson Advertising Reports, SKY Brasil, TaylorMade Golf, Telecom Fiji and Viscosity are among the many organizations using the world's first self-driving database to move mission-critical workloads to the cloud. Many of the customers that have deployed Oracle Autonomous Database would not have considered using Oracle database technology in the past.
- PR Newswire
Oracle Ups the Ante in Cloud with World's First Autonomous Operating System
SAN FRANCISCO, Sept. 16, 2019 /PRNewswire/ -- ORACLE OPENWORLD -- Oracle today marked a major milestone in the company's autonomous strategy with the availability of Oracle Autonomous Linux. Oracle Autonomous Linux, along with the new Oracle OS Management Service, is the first and only autonomous operating environment that eliminates complexity and human error to deliver unprecedented cost savings, security, and availability for customers. With Oracle Autonomous Linux, customers can rely on autonomous capabilities to help ensure their systems are secure and highly available to help prevent cyberattacks.
- PR Newswire
Oracle Cloud Accelerates Expansion to Bring Infrastructure to Customers Globally
SAN FRANCISCO, Sept. 16, 2019 /PRNewswire/ -- ORACLE OPENWORLD -- To support its customers around the world, Oracle today announced that it plans to launch 20 new Oracle Cloud regions by the end of 2020, for a total of 36 Oracle Cloud Infrastructure regions. This expansion includes regions in new countries and dual, geographically separated regions in the U.S., Canada, Brazil, U.K., EU, Japan, South Korea, Australia, India, UAE, Saudi Arabia, Israel, and new government regions in the U.K. and Israel. In addition, Oracle is announcing updates to its roadmap for its interconnect with Microsoft Azure.
- PR Newswire
Oracle Cloud Automates Security for Critical Workloads
SAN FRANCISCO, Sept. 16, 2019 /PRNewswire/ -- ORACLE OPENWORLD -- Oracle today announced that it is expanding its security portfolio with new cloud services designed to automatically help protect cloud workloads and data from risks posed by misconfigurations and cyber threats. The three new cloud services, including Oracle Data Safe, Oracle Cloud Guard and Oracle Maximum Security Zones provide centralized security configuration and posture management, as well as automated enforcement of security practices.
- PR Newswire
Oracle Delivers Choice of Deployment for its Next-Generation Cloud
SAN FRANCISCO, Sept. 16, 2019 /PRNewswire/ -- ORACLE OPENWORLD -- Oracle today announced the availability of its Generation 2 Exadata Cloud at Customer service and previewed Oracle Autonomous Database Cloud at Customer. Introduced three years ago, Oracle Exadata Cloud at Customer is designed to help organizations easily move business critical database workloads to a cloud architecture and remove the obstacles to cloud adoption. With Gen 2 Exadata Cloud at Customer, Oracle continues to deliver on its pioneering vision of providing database cloud services on customers' premises for those who cannot move data to the public cloud due to business, regulatory, or network latency requirements.
- PR Newswire
Oracle Offers Always Free Autonomous Database and Cloud Infrastructure
SAN FRANCISCO, Sept. 16, 2019 /PRNewswire/ -- ORACLE OPENWORLD -- Oracle today announced Oracle Cloud Free Tier, including new Always Free services for anyone to try the world's first self-driving database and Oracle Cloud Infrastructure for an unlimited time.
- PR Newswire
Oracle Academy to Bring Cloud to the Classroom as New Report Points to IT Job Growth Across Industries
SAN FRANCISCO, Sept. 16, 2019 /PRNewswire/ -- ORACLE OPENWORLD — Today Oracle announced Oracle Cloud Free Tier, including new Always Free services for anyone to try the world's first self-driving database and Gen 2 Cloud infrastructure for an unlimited time. Oracle Academy Institutional member educators and their students will be able to access these cloud services and free cloud credits through a new Oracle Academy Cloud Program. Oracle Academy is preparing to add these offerings to help increase computing knowledge, skills, and hands-on experience just as it releases new research today with Burning Glass Technologies that highlights a consistently increasing demand for IT skills in industries beyond technology.
- PR Newswire
Oracle Unleashes World's Fastest Database Machine
Exadata X8M, industry's first database machine with integrated persistent memory and RoCE, delivers 2.5X performance increase and 10X lower latency at same price SAN FRANCISCO , Sept. 16, 2019 /PRNewswire/ ...
- PR Newswire
Oracle and Intel Collaborate on Optane DC Persistent Memory Performance Breakthroughs in Next Generation Oracle Exadata X8M
SAN FRANCISCO, Sept. 16, 2019 /PRNewswire/ -- ORACLE OPENWORLD – Intel Corporation and Oracle today announced that Oracle is incorporating the high performance capabilities of Intel® Optane™ DC Persistent Memory into its next-generation Exadata platform, Oracle Exadata X8M.
- GlobeNewswire
Oracle and VMware Partner to Support Customers’ Hybrid Cloud Strategies
ORACLE OPENWORLD -- Today, Oracle (ORCL) and VMware, Inc. (VMW), announced an expanded partnership to help customers leverage the companies’ enterprise software and cloud solutions to make the move to the cloud. Under this new partnership, customers will be able to support their hybrid cloud strategies by running VMware Cloud Foundation on Oracle Cloud Infrastructure.
- PR Newswire
Oracle Expands Ecosystem and Announces Simplified Third-party Software Purchasing
SAN FRANCISCO, Sept. 16, 2019 /PRNewswire/ -- ORACLE OPENWORLD -- Oracle today announced that Oracle Cloud Marketplace now supports billing for third-party software listings. Oracle Cloud has the only marketplace that offers click to deploy solutions for Oracle WebLogic and Oracle Applications in addition to certified and optimized partner solutions. "Enterprise customers have broad investments in third-party software.
- PR Newswire
S&P 500 buybacks decline significantly in Q2 2019; expenditures still remain higher than the pre-2018 levels
- Q2 2019 share repurchases were $164.5 billion - 20.1% lower than Q1 2019, 13.7% lower than Q2 2018, and 26.2% lower than the record Q4 2018. - Apple continues to lead, spending $18.2 billion - down from ...
- PR Newswire
Oracle Keeps Driving Developer Productivity with New Java Release
The latest release also includes two preview features: Switch Expressions, which extends switch so it can be used as either a statement or an expression (JEP 354), and the addition of text blocks to the Java language (JEP 355).
- PR Newswire
Oracle Achieves FedRAMP Authorization for Oracle Cloud Infrastructure
Oracle Cloud Infrastructure earns key government milestone to support demand from customers SAN FRANCISCO , Sept. 16, 2019 /PRNewswire/ -- Oracle OpenWorld -- To support growing customer demand, Oracle ...
- PR Newswire
Oracle Consulting and Deloitte Collaborate to Help Organizations Move and Innovate with Oracle Cloud
SAN FRANCISCO and NEW YORK, Sept. 16, 2019 /PRNewswire/ -- ORACLE OPENWORLD -- Today, Oracle Consulting and Deloitte announced a strategic sales and delivery collaboration called ELEVATE. This teaming arrangement focuses on accelerating customer innovation by helping them rapidly migrate and manage workloads with Oracle Autonomous Database and Oracle Cloud Infrastructure. "The joint cloud migration and delivery approaches offered by Oracle Consulting and Deloitte will be industry leading.
- Benzinga
Bulls And Bears Of The Week: Altria, Apple, Caterpillar, Ford, Oracle And More
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included the iPhone maker, a Big 3 automaker and a restructured industrial company. Bearish calls ...
- GuruFocus.com
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- Investor's Business Daily
Dow Jones Rallies As Apple Breaks Out, Zscaler Dives, Oracle CEO Takes Leave: Weekly Review
The Dow Jones rose toward new highs. Apple broke out after unveiling new iPhones and Apple TV+ pricing, but shares faded. Zscaler dived on guidance. Oracle co-CEO Mark Hurd will take leave.
- InvestorPlace
Oracle Stock Slumps on Surprise Earnings, Co-CEO Leave of Absence
Oracle (NYSE:ORCL) caught the market off guard when the company unexpectedly released its fiscal 2020 Q1 earnings after the bell on Wednesday. Oracle hit on expected EPS, but revenue was short of what analysts had been expecting. More alarming to investors, it was also announced that co-CEO Mark Hurd will be taking a leave of absence for unspecified health-related reasons. Oracle stock opened at $53.32 on Thursday -- down 5.27% -- before recovering slightly to close at a 4.26% loss.Source: Jer123 / Shutterstock.com Oracle Reports Q1 Earnings a Day EarlyInvestors can be unsettled when companies pull an audible and change the date they report earnings without warning. Doing so can send a signal that the company is trying to avoid analyst scrutiny -- or at least delay it by catching them off guard. Oracle was expected to report its fiscal 2020 Q1 earnings on Thursday evening. Instead, the company pulled off a surprise Q1 earnings release after the bell on Wednesday.Earnings per share of 81 cents were in line with expectations, but the $9.22 billion in quarterly revenue was a gain of just 0.3% compared to Q1 2019 and missed analyst expectations. Guidance for Q2 was also lower than expected, setting up ORCL stock to take a hit.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAlso noted in those earnings was confirmation that Oracle's board has approved an increase in share repurchases by an additional $15 billion, after spending $5 billion on buybacks during Q1. * 7 Discount Retail Stocks to Buy for a Recession All in all, the market reaction to the Q1 earnings report was very different from last quarter when Oracle stock got a boost instead of taking a hit. Co-CEO Is Taking a Medical Leave of AbsenceAnother factor that almost always unsettles investors is an unexpected change in leadership at a company. And Oracle stock felt the effect of that issue on Thursday as well. During the Wednesday evening earnings call, it was announced that co-CEO Mark Hurd would be taking a leave of absence for an unspecified duration, for medical reasons.Hurd joined Oracle in 2010 after his tenure as CEO and president of HP (NASDAQ:HPQ) ended as a result of accusations of an inappropriate relationship with an assistant. In 2014, when Oracle founder Larry Ellison stepped down from the CEO position to become CTO, Hurd took the reins as co-CEO along with former Oracle CFO Safra Catz. During the time that Hurd and Catz have run the company, Oracle stock had seen roughly 45% growth. That is until yesterday, when the news sank in and ORCL Stock dropped 4.26%.During Hurd's absence, Oracle announced that Safra Catz will continue as CEO, with Larry Ellison also helping to cover his responsibilities. Oracle Stock Price Slightly Lagging MarketsSo far in 2019, Oracle stock is up 19% (with yesterday's drop factored in), which is not too bad all things considered. However, it's being outperformed by the broader markets: the Nasdaq Composite is up 23% while the S&P 500 has notched a 20% gain. Is Now the Time to Buy ORCL Stock?With Oracle stock closing on Thursday at $53.89, there is a case to be made that the market over-reacted to the company's announcements. On the other hand, when the Oracle stock price crossed the $60 threshold in early July, that was an all-time high for ORCL. If you look to market analysts, the 26 polled by CNN Business have a median 12-month price target for Oracle of $57.00 representing a bit of upside.If you were eying an Oracle investment after seeing the Oracle stock price pass $60 in July, but didn't want to buy at the peak, Thursday's drop can be looked at as a buying opportunity.As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post Oracle Stock Slumps on Surprise Earnings, Co-CEO Leave of Absence appeared first on InvestorPlace.
- GuruFocus.com
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