103.40 -0.57 (-0.55%)
After hours: 6:37PM EST
|Bid||103.40 x 1000|
|Ask||103.55 x 1400|
|Day's Range||102.52 - 104.50|
|52 Week Range||83.83 - 116.18|
|Beta (3Y Monthly)||1.09|
|PE Ratio (TTM)||42.82|
|Earnings Date||Jan 29, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||1.84 (1.74%)|
|1y Target Est||125.15|
Facebook's Karandeep Anand is the new head of Workplace, the company's enterprise communications tool. Prior to joining Facebook, Anand spent 15 years at Microsoft. Two-year-old Workplace by Facebook has nabbed large customers such as Walmart and Starbucks, but it has otherwise failed to make a significant dent in the enterprise communications software market.
Intel (INTC) is benefiting from the unexpected demand in the PC and data center processor markets, where it is a leader. The company earns more than 50% of its revenue from its Client Computing Group, which sells PC processors and mobile modems. The growth was driven by strong demand from commercial and gaming PC segments and 131% YoY growth in modem revenue, as Apple (AAPL) sourced all its modems for 2018 iPhones from Intel due to a legal spat with Qualcomm (QCOM).
Oracle’s revenue fell 0.3% YoY (year-over-year) in the quarter and was up 2% on a constant currency basis. The strong US dollar dented its revenue by $140 million in the period. In comparison, Oracle’s peer Microsoft (MSFT) beat its revenue estimate of $27.90 billion and reported revenue of $29.08 billion in the first quarter of fiscal 2019. During the second quarter of fiscal 2019, Oracle’s cloud license and on-premises license revenue of $1.2 billion topped Wall Street’s estimate of $1.19 billion but plunged 9% YoY.
Oracle stock rose nearly 5.40% in after-hours trading but closed at $45.73, a fall of 1.87%, on December 17. Oracle has surpassed analysts’ revenue expectations in ten of the last 17 straight quarters. Oracle stock has fallen ~3% in the past year as of December 17, whereas the S&P 500 Index has fallen ~5% in the same period.
In the last couple of months, the negativity surrounding Apple (AAPL) has gone up significantly. This negativity along with the broader market sell-off (QQQ) (VTI) has caused a steep drop in Apple stock lately. Apple’s ability and interest in the AI (artificial intelligence) area is no more a secret now.
Earlier, we saw that ASP (average selling price) is a key growth driver of Intel’s (INTC) earnings. The company enjoys a high ASP, as it dominates the PC and server markets with its most advanced x86 processors. It earns 32% of its revenue and 42% of its operating income from its data center business. However, competition is picking up in this market, which is putting pressure on Intel’s high ASPs.
Intel (INTC) has witnessed a record year in 2018, as it’s set to report double-digit revenue growth for the first time in seven years. The company has raised its 2018 revenue guidance three times in the last nine months, first from its original guidance of $65 billion to $67.5 billion, then to $69.5 billion, and now to $72.1 billion—a rise of 13.4% YoY (year-over-year). Intel expects its data-centric revenue to rise ~20% YoY and its PC-centric revenue to rise ~9% YoY in 2018.
Modern life provides many reasons to worry, from terrorism to climate change to robots stealing people's jobs. But Microsoft co-founder Bill Gates explains how we can manage our anxiety in his review of "21 Lessons for the 21st Century" by Yuval Noah Harari.
"[Oracle's] portfolio management approach to software is paying dividends, and a large and growing maintenance revenue provides financial flexibility," Oppenheimer analyst Brian Schwartz said. The company's fiscal second quarter earnings release, coming in above estimates on Monday as many tech stocks fall, highlights that point. The company's "sticky" recurring revenue base also helps price in a floor for risk averse investors apprehensive about a potential slowdown ahead.
- Q3 share repurchases increase 57.7% year over year to a record $203.8 billion - This is the third consecutive quarterly record, up 6.9% from Q2 2018 - Q1 to Q3 year-to-date expenditures are only 1% shy ...
Humanity still has a long way to go in the fight for gender equality. According to a new report from the world economic forum, it will take more than 200 years to close the gender pay gap at our current pace. The study also finds the number of women in politics is actually declining. Yahoo Finance's Adam Shapiro and Julie Hyman discuss with Saadia Zahidi, managing director at the World Economic Forum.