After hours: 4:32PM EDT
|Bid||53.68 x 2200|
|Ask||53.69 x 1000|
|Day's Range||53.53 - 54.36|
|52 Week Range||42.40 - 55.53|
|Beta (3Y Monthly)||1.04|
|PE Ratio (TTM)||19.23|
|Earnings Date||Jun 17, 2019 - Jun 21, 2019|
|Forward Dividend & Yield||0.96 (1.74%)|
|1y Target Est||53.39|
Is Oracle Corporation (NYSE:ORCL) a good dividend stock? How would you know? Dividend paying companies with growing...
The largest U.S. companies are repurchasing their shares at a brisk pace, and 1Q 2019 may prove to be the second-biggest quarter ever for buybacks.
Cisco (NASDAQ:CSCO) reported earnings last night and investors are loving it. It spiked 3% on the headline and as of this writing, it's up 6% from yesterday's close. Today's write up is to share an opportunity to trade Cisco stock up from here -- but with a cautionary asterisk. The bottom line is that CSCO has technical and fundamental reasons to set new highs for 2019. This earnings report confirms that management can get the job done.Source: Shutterstock Let's first start with the investing environment: it's been volatile. Monday, equity markets panicked on headlines that China had retaliated against the new U.S. tariffs and the trade talks had completely broke down.In spite of it, CSCO stock bounced and recovered the dip. It even closed +.8% going into its earnings report. This is a sign of confidence from its investors especially when the rhetoric in the media is full of skepticism. Case in point, year-to-date Cisco stock is up 26% which is 70% better than the S&P 500. In 24 months, the difference is three fold.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLast night, management delivered a report card that justified investors' confidence. CSCO beat on every metric that matters. They even guided sales above expectations. Cisco left nothing for the bears to sink their claws into. Selling this report makes no sense at this time.There were a few concern about margins but nothing that is going to last. The data suggest that the transition to cloud services and subscriptions is ongoing and according to plan. Completing this migration could fuel a longer rally to help Cisco stock set new multi-year highs or maybe even re-approach its Dotcom glory.Next, we examine the fundamentals -- and they are solid. CSCO sells at a 20 trailing P/E ratio which is cheap in absolute and relative terms. It is inline with Oracle (NYSE:ORCL) and 30% less expensive than Microsoft (NASDAQ:MSFT). This is not a knock against MSFT's valuation, however. They have completed their transformation. CSCO is making headway, but still has some time to go. And that's the opportunity for the long term.But here is the opportunity for the short term. The CSCO chart technicals suggest that the spike here is the start of another leg higher. This probably won't be a straight shot to the target. Cisco stock will hit resistance at $54.40 so what happens in the next few days is important.If I am long the stock, then I stay in it and ignore the small dips in this rally. But if I am looking to start a new bullish position then I can either buy Cisco stock here and accept that I may suffer a few red ticks before gaining. Or, I would set a trigger to buy when it Cisco stock closes above $54.50 per share. If this is a trade not an investment then I should also set a stop loss because below $51 per share would bring momentum sellers to target $48 or lower. The Bottom Line on Cisco StockSo to summarize the opportunity today: For the past two weeks, CSCO stock price range tightened into a point and this looks like a breakout from it. CSCO should have legs as long as it holds the support.While I like the macroeconomic environment, I worry a bit about the geopolitical headline risk. China and the U.S. are in full economic war as they try to come to terms. This is likely to linger for a few months, but I bet we have a reprieve from new news until mid June. * 7 Stocks to Buy that Lost 10% Last Week Investors liked hearing from the Cisco CEO Chuck Robbins that the tariffs are no longer a threat. CSCO has shifted operations to avoid the headwinds that those would create. That is the perfect example of a management team that is mature and doesn't leave many things to chance. Robbins also reiterated his commitment to increasing the percent of business to come from software and subscriptions.The experts on Wall Streets agree that there is more upside in CSCO stock. Most analysts who cover the stock have a BUY rating on it and it is still trading well below their average price target.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Sell Before They Tank Your Portfolio * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Low-Priced, High-Potential Tech Stocks to Buy Compare Brokers The post After Earnings, $58 Is In Sight for Cisco Stock appeared first on InvestorPlace.
Companies ranging from small startups to Fortune 500 conglomerates are always looking to hire talented and trained professionals who can install, maintain and troubleshoot a wide range of server infrastructures, and they're paying these professionals handsomely for their services. The Complete Microsoft & Oracle SQL Certification Bundle will introduce you to some of the field's most relied-upon tools, and it's currently available for over 95 percent off at just $39. With over 120 hours of training led by industry pros, this package is ideal for anyone who wants to master the increasingly important Oracle SQL and Microsoft SQL Server platforms.
The moves come about two months after Reuters reported that the company had hired bankers as it prepared to go public in an IPO and just ahead of the annual DataStax Accelerate conference next week.
Oracle has stepped up its attack on Amazon Web Services, claiming the Seattle company promised bonuses and jobs to three Pentagon employees who were handling the government’s $10 billion Joint Enterprise Defense Infrastructure project.
BEIJING (AP) — A Huawei executive said Wednesday that possible new U.S. restrictions on market access will have little impact on the Chinese tech giant due to its global reach.
For respite, train enthusiasts can indulge themselves on the shinkansen’s latest exploits. The details are fairly complex, but this really is a big deal not only for tech companies but also for pretty much any company operating in China.
Huawei Technologies unveiled on Wednesday a new database management system, in a bid to expand its enterprise business and challenge Western rivals such as Oracle Corp in China, amid growing scrutiny over its main telecom business. Huawei said in a statement its new database management software, called GaussDB, is backed by artificial intelligence and works locally as well as on clouds. The move comes amid growing international scrutiny over Huawei's main telecom equipment business as Washington tries to persuade its allies that Huawei posed national security risks.
REDWOOD SHORES, Calif., May 14, 2019 /PRNewswire/ -- The University of Pittsburgh, a leading higher-education institution, has selected Oracle Enterprise Resource Planning (ERP) Cloud to support its mission to advance teaching, research and public service. With Oracle ERP Cloud, the University of Pittsburgh will be able to improve operational efficiency, modernize its business and finance operations and gain deeper organization insight. Founded in 1787, the University of Pittsburgh is one of the oldest higher education institutions in the United States and attracts more than 34,000 students each year.
Want to invest in software? Here are the most important factors affecting profits, revenues, and stock price of software companies
New Oracle Supply Chain Management (SCM) Cloud logistics updates help improve responsiveness, optimize shipments and asset utilization, and improve productivity REDWOOD SHORES, Calif., May 14, 2019 /PRNewswire/ ...
REDWOOD SHORES, Calif., May 14, 2019 /PRNewswire/ -- Service providers in the media industry must boost revenue while also developing new digital offerings to meet changing customer demands. As ORS Group evolved from a network operator to a digital content gateway, it needed to enable the delivery of modern TV and radio solutions via terrestrial, satellite, cable and IP networks. Leveraging the Oracle Digital Experience for Communications platform, ORS Group will be able to get products to market faster, increase operational agility, and lower the cost of customer service for providers delivering digital content.
To meet this demand, Oracle has developed the Oracle Enterprise Catalog for Communications, as part of the Oracle Digital Experience for Communications solution. Oracle Enterprise Catalog for Communications empowers CSPs to easily launch new service offers and tailor them to specific customer micro-segments to improve engagement.
"Our vision is to revolutionize the telco industry by giving our customers unprecedented control of their telco and digital experience," said Changez Khan, Circles.Life's head of telco systems engineering. The monetization capabilities of Oracle's Digital Experience for Communications solution, powered by Oracle Communications' Billing and Revenue Management Elastic Charging Engine and Oracle Communications Policy Management, provides a scalable and future-proof solution that enables Circles.Life to monetize voice, messaging and data services.
LONDON, May 14, 2019 /PRNewswire/ -- Western Global, a provider of fuel storage and dispensing solutions, selected and implemented Oracle NetSuite to help support its 220 percent growth over the last five years. Founded as a family business in the UK in 1962, Western Global grew steadily and launched operations in Europe and North America. To build on that growth and expand into new markets, including Australia and South Africa, Western Global acquired TransTank Pty Ltd, a manufacturer of self-contained tanks and dispensing equipment, in 2014.
REDWOOD SHORES, Calif., May 13, 2019 /PRNewswire/ -- For the third straight year, Oracle was named a Leader in Gartner's 2019 "Magic Quadrant for Enterprise Integration Platform as a Service (iPaaS)" report. "Successfully transforming into a digital business requires putting into place the foundation of agile connectivity spanning any combination of cloud-native and on-premises," said Bruce Tierney, director of product marketing for Integration, Oracle. Oracle's broad network enables them to use Oracle Integration Cloud locally, whether directly or through Oracle's SaaS and PaaS channels, almost anywhere in the world.
Business Software Vendors' Latest: MSFT, IBM, SAP, ORCL, and ADBE(Continued from Prior Part)Oracle is shutting down its development operation in ChinaOracle (ORCL) is planning on eliminating more than 900 jobs in China, according to media reports.
The Department of Defense’s ongoing saga to award its flagship cloud-computing contract reached a new chapter this week in the wake of Oracle Corp.’s most recent protest. The Redwood Shores, California technology company amended its complaint in the Court of Federal Claims Tuesday, following a DOD investigation that allowed the acquisition to proceed, continuing the Joint Enterprise Defense Infrastructure (JEDI) contract’s pingponging journey through the protest process. The court is currently weighing whether Amazon Web Services held an unfair competitive advantage because one of its former employees worked for the Defense Digital Service when the contract was developed before returning to work for Amazon (NASDAQ: AMZN). Arguments on this most recent filing will be heard July 10, nine days before the DOD would be allowed to award the $10 billion contract to either AWS or Microsoft Corp. (NASDAQ: MSFT).