53.06 0.00 (0.00%)
After hours: 5:38PM EDT
|Bid||53.02 x 1200|
|Ask||53.43 x 1400|
|Day's Range||52.79 - 53.38|
|52 Week Range||39.71 - 60.50|
|Beta (5Y Monthly)||0.88|
|PE Ratio (TTM)||16.69|
|Earnings Date||Jun 17, 2020 - Jun 22, 2020|
|Forward Dividend & Yield||0.96 (1.79%)|
|Ex-Dividend Date||Apr 08, 2020|
|1y Target Est||50.27|
(Bloomberg) -- Google has taken aggressive action to scrub coronavirus conspiracies from its news service and YouTube, at a time when social media companies have come under intense scrutiny for their potential to spread dangerous disinformation about the global pandemic. It has begun labeling misleading videos aimed at U.S. audiences, and has joined with other major internet companies to coordinate a response against what the World Health Organization has described as an “infodemic.”But Google is also placing advertisements on websites that publish the theories, helping their owners generate revenue and continue their operations. In at least one instance, Google has run ads featuring a conspiracist it has already banned.One ad for Veeam, an independent Microsoft 365 backup service, appeared atop one website featuring an article that includes false claims that Microsoft Corp. founder Bill Gates’s charitable efforts on pandemics and vaccines are a part of a world domination plot. A Microsoft Teams ad ran with a French language article that alleged Gates tried to bribe Nigerian lawmakers to vote for a Covid-19 vaccine. An ad for the telecommunications provider O2 showed up on another article linking the virus to 5G networks, a common conspiracy theory. The ads were placed through Google’s automated system for matching marketers with websites. The Global Disinformation Index, a research group, recently reviewed 49 sites running baseless claims about the virus, including the stories about Gates and 5G networks. Alphabet Inc.'s Google placed ads on 84% of them, generating the majority of the $135,000 in revenue the sites earned each month, according to the Global Disinformation Index’s estimate.Google has faced criticism for funding hyper-partisan publishers such as Breitbart News in the past. The company has avoided making blanket policies about which publishers can run its ads. Instead, it removes ads only from the specific pages carrying content that violates its content policies. It also allows advertisers to blacklist specific sites. The company has been particularly reluctant to take action with political ramifications now that the Trump administration is taking concrete action to punish companies that it argues show bias against conservative viewpoints. Christa Muldoon, a Google spokesperson, said none of the web pages flagged by the Global Disinformation Index violated its policies. “We are deeply committed to elevating quality content across Google products and that includes protecting our users from medical misinformation. Any time we find publishers that violate our policies, we take immediate action,” she said.‘A Huge Issue’ Google's network ad system is a massive machine for automatically generating money for its owner. Websites apply for Google's program, and they add display banners and pop-ups advertisements to their pages. Google's system automatically fills these slots with digital marketing and takes about 30% of the revenue they generate. Although Google offers a level of control to its marquee advertisers, the self-service system sometimes places ads for brands on websites with which they’d prefer not to be associated.Google’s systems have recently placed ads for eBay Inc., Oracle Corp. and HBO on websites like activistpost.com, thegatewaypundit.com and thewashingtonstandard.com, all of which routinely publish conspiracy theories, according to the Global Disinformation Index.Another company that placed ads on the sites in the study was Criteo SA. When contacted by a reporter about an ad mentioned in the report, Luca Sesti, a spokesman for the company, said it was breaking off its commercial relationship with the website in question, thegatewaypundit.com. “In the event we find a partner is not adhering to our policies, we will terminate the relationship immediately,” he said. “We recognize that the dissemination of inaccurate information through ‘fake news’ is a very real problem on the internet.”Often the ads the researchers found made for uncomfortable pairings. The O2 ad ran alongside an article promoting false claims that 5G wireless technology causes people to experience symptoms of coronavirus because it "poisons their cells." “This is a huge issue that Google needs to tackle now,” said Craig Fagan, program director at the Global Disinformation Index. “It is creating a financial incentive for these websites to continue promoting the conspiracy theories. You go to these sites and there are ads galore, pop ups everywhere. The ads are there to get clicks, monetizing each reader.”A Banned Provocateur ReturnsIn one case, Google accepted ad revenue from a company promoting a conspiracy theorist it tried to remove from its own platforms. In early May, YouTube removed the account of David Icke, a British provocateur who often ranted about "Rothschild Zionists" controlling global institutions and has questioned the efficacy of vaccines. In a recent interview about Covid-19, he said that 5G makes people sick and sends out signals that can control their emotions. Icke had posted on YouTube for more than 14 years.Guillaume Chaslot, a former Google engineer and founder of the research group AlgoTransparency, estimated that Icke’s YouTube channel gained 200,000 subscribers during March and April, when he largely touted unproven theories about the virus. Chaslot's research tracks how often YouTube's recommendation system sends viewers to particular videos and channels. In a 10-year span, YouTube promoted Icke's videos about a billion times.YouTube removed Icke’s account for violating its rules about coronavirus disinformation. Since then, Icke has appeared on other YouTube channels and in YouTube ads for Gaia Inc., a streaming network that promotes yoga and alternative healing. "We have to break out of this perceptual prison," Icke said in a voice-over during an ad that ran weeks after his ban. Gaia's network runs several shows featuring Icke. On a recent earnings call, Gaia executives said YouTube had become a "pretty significant" way to get new subscribers.Gaia didn’t respond to requests for comment. Imran Ahmed, chief executive officer of the Center for Countering Digital Hate, a U.K. nonprofit, argues that social media platforms should remove Icke entirely. “In a pandemic, lies cost lives," said Ahmed. "Misinformed people put us all at risk through their reckless actions.” His group estimated that Icke earned about $177,000 a year from YouTube ads before the ban.Jaymie Icke, a spokesman for Icke's video service Ickonic, said the earnings estimate was inaccurate because YouTube has restricted ads on controversial videos for several years. "Revenue is nothing and has been for a while," said Icke, who is David Icke’s son. "They removed all ads from the channel two months prior to the full deletion anyway. So that figure has simply been made up."Icke and others blocked from the site are allowed to appear on other accounts and in ads as long as those videos don't break rules, according to Muldoon, the Google spokesperson. While web giants like Google have tried to handle conspiracy theories on their user-generated services, they have also tried to reform their ad systems to handle the growing problem. In October 2018, Google and Facebook Inc. signed a European Union code of conduct on disinformation that contained a commitment to “improve the scrutiny of advertisement placements to reduce revenues of the purveyors of disinformation.”According to Fagan, however, the issue remains a blind spot for the companies. Some of the conspiracy websites attract a large number of visitors, promoting their content across social media platforms.The 49 websites promoting Covid-19 conspiracies that were reviewed by the Global Disinformation Index were just a small sample and offer a snapshot of a much larger program, Fagan said. Last year, the Global Disinformation Index published a study of about 20,000 websites promoting disinformation and conspiracy theories. It estimated that they were generating $235 million every year in advertising revenue, approximately $86.7 million of which was paid out by Google.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
In this article we will check out the progression of hedge fund sentiment towards Oracle Corporation (NYSE:ORCL) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 […]
(Bloomberg) -- Workday Inc. reported quarterly revenue that topped $1 billion for the first time, beating analyst estimates and continuing growth for the maker of human resources software despite the economic challenges of the pandemic. Shares rose more than 7% in extended trading.Revenue increased 23% to $1.02 billion in the fiscal first quarter, the Pleasanton, California-based company said Wednesday in a statement. On average, analysts expected $994 million, according to data compiled by Bloomberg. After some expenses, profit was 44 cents a share, compared with analyst projections of 47 cents.Workday expects subscription revenue for the fiscal year of $3.67 billion to $3.69 billion, down from as much as $3.77 billion. In the second quarter, subscription revenue will be as much as $915 million, the company said.Chief Executive Officer Aneel Bhusri has targeted a goal of $10 billion in annual revenue, from $3.6 billion the past fiscal year. The company continues to expand its human resources, accounting and planning software to offer the capabilities of established rivals Oracle Corp. and SAP SE, but delivered through the cloud. Before Workday reported results, some analysts were concerned that corporate customers aren’t interested in pursuing large software deals and complicated implementations during the Covid-19 pandemic.“The cloud is playing a critical role in today’s climate, with organizations leaning on Workday to pivot -- whether it’s helping employees learn virtually, closing books remotely, or scenario planning to determine what path to take,” Bhusri said in the statement.Workday also announced two partnerships Wednesday. One, with Microsoft Corp., will run Workday’s Adaptive Planning on the Azure cloud. Microsoft’s finance team will start using the product for its internal needs and both companies will collaborate on integrating their software products for mutual customers. The second partnership, with Salesforce.com Inc., aims to help organizations safely return to their offices in the wake of the Covid-19 pandemic.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Okta's (OKTA) first-quarter fiscal 2021 results are expected to reflect higher adoption of Identity solutions. However, continued investments in Identity Platform are expected to have kept margin under pressure.
Oracle today announced that it has been recognized as a Leader in the Forrester Research, Inc. May 2020 report, The Forrester Wave™: Email Marketing Service Providers, Q2 2020.
Goldman Sachs looked at stocks trading at a 25% discount to the S&P 500 median, much steeper than their long-term average. Its picks include Best Buy, UnitedHealth Group, and Gilead Sciences.
Cloud computing is seeing increasing usage globally as it allows data interoperability in a scalable and cost-efficient way through data collection, processing, analyzing, and sharing across platforms.
Does the May share price for Oracle Corporation (NYSE:ORCL) reflect what it's really worth? Today, we will estimate...
Microsoft (NASDAQ: MSFT) and Oracle (NYSE: ORCL) are both resilient tech stocks that rebounded from ugly market downturns over the past three decades. Microsoft's rally was driven by the expansion of its higher-growth commercial cloud business, which reduced its dependence on its older software products. Oracle attempted a similar turnaround by pivoting from its legacy database software toward cloud services, but it grew at a slower pace than Microsoft.
Data security is creating fear and trust issues for IT professionals, according to the third-annual Oracle and KPMG Cloud Threat Report 2020. The study of 750 cybersecurity and IT professionals across the globe found that a patchwork approach to data security, misconfigured services and confusion around new cloud security models has created a crisis of confidence that will only be fixed by organizations making security part of the culture of their business.
ORACLE ANALYTICS SUMMIT -- Oracle today announced the availability of Oracle Analytics for Cloud HCM. Built on Oracle Analytics Cloud and powered by Oracle Autonomous Database, Oracle Analytics for Cloud HCM provides HR executives, analysts, and line-of-business leaders with deeper insights into workforce management by enabling a comprehensive view into data from across the organization. The new self-service analytics capabilities help customers maximize the value of Oracle Cloud HCM.
If you're not invested in the coronavirus stock rally, you're missing out. The largest individual investors in S&P; 500 companies are scoring big gains.
Today Oracle announced that 8x8, Inc. (NYSE:EGHT), a leading integrated cloud communications platform, is using Oracle Cloud Infrastructure to power its secure Jitsi.org and 8x8 video meeting solutions as it scales to handle explosive growth in users. 8x8 has seen a significant increase in usage across its private and secure video meetings solutions, including Jitsi Meet and 8x8 Video Meetings, exceeding 20 million monthly active users worldwide1, as video conferencing has become the standard communication tool during this critical time. 8x8 moved its video meetings services from AWS to Oracle for substantial performance enhancements -- experiencing more than a 25 percent increase in performance per node on Oracle Gen 2 Cloud Infrastructure when compared with the previous cloud provider -- global reach, and savings of more than 80 percent in network outbound costs.
The big market downturn in March has sent price earnings ratios down along with prices for stocks, indicating that good values for investors may be readily available on the market. The stock market peaked around Valentine’s Day with the S&P 500 at 3,400. The index has since entered a “bear” market going as low as […]
Ladies and gentlemen, thank you for standing by and welcome to the Rimini Street First Quarter 2020 Earnings Conference Call. On the call with me today is Seth Ravin, our CEO and Stanley Mbugua, our Chief Accounting Officer. Today, we issued our first quarter ended March 31st, 2020 earnings press release, which can be found on our website.
(Bloomberg) -- SAP SE, Europe’s largest software maker, said several of its cloud-computing products do not meet the company’s cybersecurity standards.The vulnerabilities affect 9% of SAP’s 440,000 customers, the Walldorf, Germany-based company said Monday in a statement. It plans to fix the problems in the second quarter to meet contractually agreed or statutory security standards. There are no known breaches or security incidents that have resulted from the shortcomings, which affect products from companies that SAP acquired, including SuccessFactors Inc., Concur Technologies Inc. and Callidus Software Inc.The software giant found similar issues with its C4C/Sales Cloud, Cloud Platform and Analytics Cloud products. The cost of improving the applications is expected to be covered within the range of SAP’s 2020 forecast, according to the company.SAP’s U.S. depository receipts fell 1.4% in extended trading after earlier closing at $117.19 in New York.Read more: SAP Drops Co-CEO Role After Six Months as Virus Upends PlansFor more than a decade, SAP has spent lavishly on cloud-computing companies to help the 48-year-old business keep up with younger firms delivering software over the internet. The company paid more than $3 billion for SuccessFactors in 2012, upwards of $7 billion for Concur in 2014 and more than $2 billion for Callidus in 2018. When absorbing those companies, SAP inherited their infrastructure, and has faced difficulty transitioning some subsidiaries away from using programs from its chief rival Oracle Corp.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg Opinion) -- It’s what we all needed to hear: “Nothing can stop America” — Warren Buffett’s way of saying, “We will get through this.” Saturday evenings aren’t normally the ideal time for tuning into a multi-hour investor conference, especially after being cooped up all week working from home due to the Covid-19 pandemic. But mere minutes into the live-streamed Berkshire Hathaway Inc. annual shareholder meeting, it was clear that something much more meaningful was unfolding. Buffett, sitting on a stage in an empty Omaha arena, began with a history lesson like no other — a vivid walk through the other moments in America’s past that tested its resiliency, but never broke it. At 89 years old, he’s lived through many of them.The current crisis “is creating a huge amount of anxiety and changing people's psyche and causing them to somewhat lose their bearings, understandably,” the chairman and CEO of Berkshire told his virtual listeners, while peering out where some 40,000 of them would normally be sitting. “The American magic has always prevailed and it will do so again.”While his unwavering confidence in the U.S. economy is hardly a new theme in Buffett’s lectures, they’re not normally so moving. Like many of those watching, he was in need of a haircut and acknowledged it, adding that he had grown used to wearing sweat suits — as opposed to the real suit and tie he donned on Saturday. It was a humanizing moment. Watching Buffett was like watching Dr. Anthony Fauci or New York Governor Andrew Cuomo, the two government leaders whose comforting words and realism have probably stuck with Americans most during the pandemic and helped to create a sense of hope and community. Even so, going into the event, it wasn’t quite so clear that Buffett still believed in his mantra, “America’s best days lie ahead.” He had been notably quiet in recent weeks, and Berkshire was selling stock and shunning acquisitions, a bearish signal for a company where the ethos is to buy when others are panicking. After all, Buffett once wrote:Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold. When downpours of that sort occur, it’s imperative that we rush outdoors carrying washtubs, not teaspoons. And that we will do.Berkshire has done neither, even with $137 billion of cash just sitting there. As such, some say his optimistic outlook doesn’t align with his actions of late. But Buffett explained that the panic hasn’t hit the stock and credit markets to the extent it did during the 2008 financial crisis — or not for as long, thanks to the extraordinary measures taken by the Federal Reserve. His investing during that time “was not designed to make a statement, it was designed to take advantage of what we thought were very attractive terms,” he said. He’s not finding as many enticing investments now, partly because of those Fed actions, which removed the need for many companies to seek a lifeline from a deep-pocketed savior like Buffett.The complicated public-health aspect of this downturn also makes it impossible to predict how long it will carry on or how much worse it will get before it gets better. “The cash position isn’t that huge when I look at worst-case possibilities,” Buffett said Saturday.There are also some industries that may be permanently altered by the coronavirus, such as airlines, Buffett said. Berkshire was a top-three shareholder in American Airlines Group Inc., Delta Air Lines Inc., Southwest Airlines Co. and United Airlines Holdings Inc. as recently as early April. Buffett has since decided to completely exit those positions: “The world changed for airlines and we wish them well.” Even though Buffett is still a believer in the long-term prospects of the U.S. economy as a whole, his 180-degree turn on the airline industry shows that he sees the virus changing at least some consumer behavior for good. That will affect future dealmaking. One of Buffett’s biggest takeovers was Precision Castparts, a supplier of airplane engine parts, which he bought for $37 billion in 2016. It was also his last major transaction. As fascinating as Buffett’s commentary was, the Q&A wasn’t the same without his usual sidekick, Charlie Munger, who is known for his quips and comically curt responses compared to Buffett’s monologues. Munger, Berkshire’s longtime vice chairman, is 96 years old and lives in California. Though he is in good health, Buffett said, it didn’t make sense to have him travel to Omaha — a reminder of both their ages, even if they are as sharp as ever. Instead of Munger, Buffett was joined by Greg Abel, who oversees all non-insurance operations under the Berkshire umbrella and is Buffett’s likely successor. "When I talk to Greg, sometimes I wonder, am I talking to Warren?” Lawrence Cunningham, a professor at George Washington University Law School and author of books on Berkshire, said during the meeting pre-show. It may be a while before others see him that way. While Abel answered some questions Saturday, he mostly deferred to Buffett and stuck to high-level corporate-speak. Buffett, who recently joked that his age puts him “in the urgent zone,” did have a message for whoever does replace him: “I will bet on America the rest of my life, and I hope my successors at Berkshire do.”He closed the evening with a smile and a laugh: “We’ll see you next year and we’ll fill this place!” Let’s hope. But if it turns out that this virtual event was the Oracle’s last time as the master of ceremonies, it will stand as a fascinating and beautiful sermon that will be remembered. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.