ORCL - Oracle Corporation

NYSE - NYSE Delayed Price. Currency in USD
54.83
+0.15 (+0.27%)
At close: 4:04PM EST
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Previous Close54.68
Open55.03
Bid54.82 x 1300
Ask54.95 x 1000
Day's Range54.61 - 55.13
52 Week Range42.40 - 60.50
Volume8,723,424
Avg. Volume11,857,779
Market Cap182.75B
Beta (3Y Monthly)1.15
PE Ratio (TTM)17.95
EPS (TTM)3.06
Earnings DateDec 12, 2019
Forward Dividend & Yield0.96 (1.76%)
Ex-Dividend Date2019-10-09
1y Target Est56.27
  • Previewing the Q4 2019 Earnings Season
    Zacks

    Previewing the Q4 2019 Earnings Season

    Previewing the Q4 2019 Earnings Season

  • Financial Times

    Book review: Trailblazer by Marc Benioff

    The search for spiritual enlightenment is hardly an unfamiliar concept for Silicon Valley pioneers. Benioff describes how he “flipped his organisation upside down and inside out”: allowing the development of software applications by non-employees; empowering external “Trailblazer” advocates inside his customers’ organisations; and creating Dreamforce, the sprawling festival-like extravaganza he hosts for staff and customers in San Francisco every year.

  • Microsoft fairly and squarely beat Amazon in $10 billion Pentagon cloud contract
    MarketWatch

    Microsoft fairly and squarely beat Amazon in $10 billion Pentagon cloud contract

    The prestigious contract went to the superior company, despite detractors who claim President Trump opposed Amazon.

  • Administrative law judge hears opening statements in Oracle pay discrimination suit
    American City Business Journals

    Administrative law judge hears opening statements in Oracle pay discrimination suit

    The Labor Department alleges that Oracle underpaid women, Asians and black workers by $401 million over four years.

  • Amazon Roundup: Thanksgiving Weekend Results & More
    Zacks

    Amazon Roundup: Thanksgiving Weekend Results & More

    Amazon challenged Pentagon contract award to Microsoft as the holiday season started.

  • 10 Highest Paid CEOs in the World in 2019
    Insider Monkey

    10 Highest Paid CEOs in the World in 2019

    With combined annual earnings of over three billion dollars, the 10 highest paid CEOs in the world in 2019 prove that disparity of income is not just a myth, it’s the stark reality facing us today, though the total has been significantly skewed by the one man, who we will reveal later. While we’ve been […]

  • Kustomer clinches third round of funding this year, eyes European expansion
    American City Business Journals

    Kustomer clinches third round of funding this year, eyes European expansion

    CEO Brad Birnbaum: "We currently have 150 employees and plan to double in headcount by the end of 2020."

  • Bloomberg

    Amazon Suit Claims Trump Bias Tainted Cloud Bid, Judge Says

    (Bloomberg) -- Amazon.com Inc. claims it lost a Pentagon cloud contract valued at as much as $10 billion because of political interference by President Donald Trump, according to the judge overseeing the case.Federal Claims Court Judge Patricia Campbell-Smith said during a court proceeding last week that Amazon’s lawsuit argues that the Pentagon didn’t award the cloud deal to Microsoft Corp. on the basis of a fair evaluation of the companies’ bids.“Plaintiff contends that the procurement process was compromised and negatively affected by the bias expressed publicly by the president and commander in chief Donald Trump against plaintiff,” Campbell-Smith said in a recording of a status hearing released Thursday by the U.S. Court of Federal Claims in Washington.The judge’s comments were the first public confirmation that Amazon cited bias by Trump as grounds to overturn the award to Microsoft. Trump has long criticized Amazon founder Jeff Bezos on everything from the shipping rates his company pays the U.S. Postal Service to his personal ownership of what Trump calls “the Amazon Washington Post.”The contract was awarded to Microsoft “despite what plaintiff characterizes as its depth of experience, superior technology and proven record of success in handling the most sensitive government data,” Campbell-Smith said.Amazon filed a lawsuit under seal with the court last month to formally protest its loss of the Pentagon’s Joint Enterprise Defense Infrastructure, or JEDI, cloud contract.For More: Amazon’s $10 Billion Pentagon Challenge: Proving Trump MeddledCampbell-Smith said Amazon is seeking to prohibit the Defense Department from proceeding without a new evaluation or award decision. The company is requesting that the Pentagon either reevaluate bids or reopen the procurement to allow for bid revisions, the judge said.Campbell-Smith also granted Microsoft’s request to intervene in the suit.In July, Trump stunned lawmakers and technology companies when he openly questioned whether the JEDI contract was being competitively bid, citing complaints from Microsoft, Oracle Corp. and International Business Machines Corp.Dana Deasy, the Pentagon’s chief information officer, said during his confirmation hearing in late October that to the best of his knowledge, no one from the White House reached out to any members of the JEDI cloud contract selection team.The Pentagon’s JEDI cloud project is designed to consolidate the department’s cloud computing infrastructure and modernize its technology systems. The contract is worth as much as $10 billion over 10 years and could offer the winner a bigger foothold in the burgeoning federal cloud market.(Updates with Amazon seeking new evaluation and decision from seventh paragraph)To contact the reporter on this story: Naomi Nix in Washington at nnix1@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, Larry LiebertFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Oracle (ORCL) Earnings Expected to Grow: Should You Buy?
    Zacks

    Oracle (ORCL) Earnings Expected to Grow: Should You Buy?

    Oracle (ORCL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Tyler Technologies' Odyssey System to Serve Australian Client
    Zacks

    Tyler Technologies' Odyssey System to Serve Australian Client

    Tyler Technologies (TYL) reaches an agreement with the Supreme Court and the Local Court of the Northern Territory of Australia for its Odyssey case management system.

  • Citrix Expands Ties With Amazon for Improved ADC Deployment
    Zacks

    Citrix Expands Ties With Amazon for Improved ADC Deployment

    Citrix (CTXS), in collaboration with AWS, is striving to boost efficiency of Citrix ADC deployment in hybrid environments.

  • Oracle Ranks First in all Four Use Cases for Oracle Database in Gartner's Critical Capabilities for Operational Database Management Systems Report
    PR Newswire

    Oracle Ranks First in all Four Use Cases for Oracle Database in Gartner's Critical Capabilities for Operational Database Management Systems Report

    Oracle today announced that it has been recognized in two newly released Gartner database reports. Oracle was ranked first in all four use cases of the 2019 Gartner "Critical Capabilities for Operational Database Management Systems" report1 and was named a Leader in Gartner's 2019 "Magic Quadrant for Operational Database Management Systems" report2.

  • Bloomberg

    Alphabet’s New CEO Finally Has a Title Fitting His Role

    (Bloomberg) -- If you want to know how Alphabet Inc.’s new Chief Executive Officer Sundar Pichai will run the company you don’t need to look very far -- he’s essentially been doing it for several years already.Pichai, a 47-year-old engineer, grew up in India and immigrated to the U.S. to attend graduate school. His resume reads like the typical Silicon Valley operator: a Master’s degree from Stanford University, an MBA from the University of Pennsylvania’s Wharton School and a stint as a consultant at McKinsey & Co.He joined Google in 2004 and started amassing responsibility for some of Google’s most popular products, including Gmail, the Chrome browser and Android. Former employees often describe him as a collaborative and loyal colleague. He even turned down a big new grant of stock in 2018 because he felt he was already paid generously, according to a person familiar with the matter.When Google founders Larry Page and Sergey Brin created the Alphabet holding company in 2015, Pichai was chosen to run Google, whose businesses including YouTube, Maps and Gmail bring in almost all of the company’s revenue. That left the founders to chase visions of building self-driving cars and technology to make people live longer. Brin and Page stepped away from their posts as president and CEO of Alphabet on Tuesday, handing total executive control to Pichai although they’ll stay on the board.In Silicon Valley and on Wall Street, Pichai enjoys a positive reputation as the guy keeping the cash flowing at Google. But, partly because Brin and Page were still technically in the picture, Pichai is less well-known outside of tech circles. When the U.S. Senate held a hearing last year to ask what the big tech companies were doing to stop election meddling on their platforms, it invited Page first, not Pichai. Neither went and Google was represented by an empty chair, although Pichai made the trek later to a House Judiciary Committee meeting.Now, there won’t be any confusion about who the CEO is.“Going forward, the story is much simpler: Sundar is the only sheriff in town,” analysts at Evercore ISI wrote in a note on Tuesday.Pichai has done more than just keep the lights on at Google. He’s put artificial intelligence at the center of the company’s pitch to customers and investors, arguing that Google’s prowess in AI technology will give it an edge in all its different businesses, from cloud computing and search ads to health care software and mobile phones. He replaced Diane Greene with former Oracle Corp. executive Thomas Kurian as head of Google’s cloud business. Under Pichai, Kurian has started ramping up acquisitions to expand the unit’s footprint, buying Alooma, Looker, Elastifile and CloudSimple this year alone.Pichai’s actions as head of Google could give a clue as to how he will run the broader conglomerate. In the last couple of years, Google has poached employees or whole units from the Alphabet constellation, bringing them inside to bolster its own projects. Chronicle, a cybersecurity unit, was supposed to be independent, but in June Google’s cloud division swallowed it whole. The same thing happened to health-related projects started by DeepMind, Alphabet’s AI research arm.Pichai has also leaned into his assumed role as Google’s defender-in-chief, making trips to Washington to explain the company’s decisions to lawmakers. Internally, he has pushed back against employee activists who are clamoring for change on a variety of issues from military contracts to the company’s handling of sexual harassment allegations. He reduced the number of the once-hallowed town hall meetings Google workers use to vent their frustrations with management to once a month, down from every week.And last month Google fired four employees who had been pushing for the company to stop selling software to U.S. immigration authorities. Google says the employees violated their colleagues’ privacy by tracking the calendars of certain executives and sharing details outside of the company.The four employees say they plan to file complaints with the National Labor Relations Board.Managing worker dissent and regulatory scrutiny while playing catch-up in cloud and keeping up growth at the core ads business is a tall order, but the market seems to have confidence in Pichai. Google’s stock ended the day up 1.9% after the announcement.At a conference last year, an audience member asked Pichai about the employee revolts against Google’s artificial intelligence work with the U.S. government. In a rare moment of directness, Pichai pushed back against the idea that instead of running the company, the company was running him.At the end of the day, he’s the CEO, Pichai said. “We don’t run the company by referendum.”To contact the reporter on this story: Gerrit De Vynck in New York at gdevynck@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Amazon Web Services pivots to the future with a flurry of features
    MarketWatch

    Amazon Web Services pivots to the future with a flurry of features

    A series of product announcements highlighted Amazon’s intentions to weave its services more closely with on-premises data centers, an area where Microsoft is particularly strong.

  • Alphabet’s New Boss Means $2 Billion for Departing Founders
    Bloomberg

    Alphabet’s New Boss Means $2 Billion for Departing Founders

    (Bloomberg) -- Larry Page and Sergey Brin just got a $2.3 billion retirement gift from investors.The Google co-founders, who announced Tuesday they were stepping down from day-to-day management of parent Alphabet Inc., added more than $1 billion each to their net worth today as the firm’s shares rose 1.9% in New York.They each own about 6% of the internet giant and still control Alphabet through special voting shares.The gains come as investors welcome Sundar Pichai’s elevation to chief executive officer of Alphabet, replacing Page in the role. It means the three most valuable U.S. tech firms no longer have a founder at the helm.Like Apple Inc.’s Tim Cook and Microsoft Corp.’s Satya Nadella, Pichai is a long-time lieutenant who steadily worked his way up the corporate ladder. More than 15 years after he joined the Mountain View-based company he’s replacing Page in the top job. Brin is stepping down as president, leaving Pichai as undisputed leader.The shift reflects Google’s accession into corporate middle age. Started in a California garage by Brin and Page in 1998, the firm had revenue of $137 billion in 2018 and today boasts a market value of $893 billion. That’s behind only Apple and Microsoft on the S&P 500 Index.Founder FreeOther Silicon Valley giants are also founder free. Larry Ellison’s Oracle Corp. is headed by Safra Catz, though Ellison is still involved as the company’s chairman. Some younger companies -- such as Uber Technologies Inc. and We Co. -- have turned to outsiders amid turmoil.There are some notable exceptions. Jeff Bezos and Mark Zuckerberg are still at the helm of Amazon.com Inc. and Facebook Inc. respectively, which are the fourth- and fifth-largest U.S. companies by market value.Such a transition has proved to be a boon for Apple and Microsoft. The iPhone maker’s shares have risen by more than 400% since Cook took the helm in August 2011 and Microsoft has quadrupled on Nadella’s watch.Since 2015, Pichai has served as CEO of Google, by far the company’s biggest division. During his time in that job, Alphabet’s shares doubled in price even as the company wrestled with increased scrutiny from regulators and lawmakers.Unusual PositionTheir success has placed the trio among America’s richest executives. Each are worth hundreds of millions of dollars thanks to stock awards they’ve received.Pichai, 47, is in an unusual position for a top executive. Unlike Cook and Nadella, who stand fourth and sixth on Bloomberg’s executive pay ranking, almost all of Pichai’s stock awards have vested, filings show.By contrast, Cook, 59, still has as many as 1.8 million restricted stock units worth about $500 million set to vest through August 2021, according to a recent filing. Nadella, 52, could earn as many as 1.8 million Microsoft shares through a long-term performance-based stock award that is currently worth about $275 million.The Alphabet board will likely move to rectify this discrepancy. But however they decide to compensate Pichai, he’ll still lag far behind the wealth accrued by Brin and Page. The pair have a combined net worth of about $126 billion, according to the Bloomberg Billionaires Index.(Updates net worth gains and share price in second paragraph.)\--With assistance from Anders Melin, Mark Bergen and Gerrit De Vynck.To contact the reporter on this story: Tom Metcalf in London at tmetcalf7@bloomberg.netTo contact the editors responsible for this story: Pierre Paulden at ppaulden@bloomberg.net, Steven Crabill, Peter EichenbaumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Oracle Sets the Date for its Second Quarter Fiscal Year 2020 Earnings Announcement
    PR Newswire

    Oracle Sets the Date for its Second Quarter Fiscal Year 2020 Earnings Announcement

    Oracle Corporation today announced that its second quarter fiscal year 2020 results will be released on Thursday, December 12th, after the close of the market. Oracle will host a conference call and live webcast at 2:00 p.m. Pacific Time to discuss the financial results. The live webcast will be available on the Oracle Investor Relations website at www.oracle.com/investor.

  • 5 Low Price-Sales Stocks
    GuruFocus.com

    5 Low Price-Sales Stocks

    Altria makes the list Continue reading...

  • Exclusive: Two local venture capitalists are exploring a new fund
    American City Business Journals

    Exclusive: Two local venture capitalists are exploring a new fund

    Two prominent venture capitalists are in the early stages of assembling a new fund focused on digital transformation and the future of work. One founding partner, Phil Bronner, who is currently making angel investments with his Summer League Ventures, is a former Novak Biddle Venture Partners general partner. The other, Phil Herget, is a founder and managing member of D.C. venture firm Avonlea Capital.

  • Is It Too Early to Play the Cannabis Sector With KERN Stock?
    InvestorPlace

    Is It Too Early to Play the Cannabis Sector With KERN Stock?

    Not long ago, Akerna Corp. (NASDAQ:KERN) would have been a perfect mash-up of two industries - that is, cloud software and the cannabis sector. However, as seen in the past few months, the second half of the story has gone south. The cannabis industry has been in a grueling tailspin, as seen with the performance of operators like Tilray (NASDAQ:TLRY), Cronos Group (NASDAQ:CRON) and Canopy Growth (NYSE:CGC).Source: Shutterstock So as should be no surprise, Akerna stock has been quite volatile. The company went public in mid-June on the NASDAQ after an eight-month due diligence process with the exchange. On the first day of trading, KERN stock shot up above $15. However, as of today, the shares are trading at $9. * 9 Tech Stocks You Wish You'd Bought During 2019 Consider that becoming public was not through a traditional IPO. Rather, Akerna merged into a SPAC (special purpose acquisition company), called MTech Acquisition.InvestorPlace - Stock Market News, Stock Advice & Trading TipsYet regardless of all this, what are the prospects for the company? Could KERN stock be a good way to play the cannabis sector? Akerna Stock's BackgroundAkerna's origins go back to Jessica Billingsley, who saw how technology could transform the cannabis market. Prior to this, she had a successful career, having started her first company when she was only 22-years-old.There are several parts of the Akerna platform. First, there is the MJ Freeway application that provides a seed-to-sale management tracking system for state-licensed dispensaries, cultivators, manufacturers and distributors. Think of it as ERP (Enterprise Resource Planning) for inventory and legal compliance. True, there are many other management systems on the market, like from Oracle (NYSE:ORCL) and Workday (NYSE:WDAY), but they do not handle the intricacies of the cannabis business.Next, Akerna has Leaf Data Systems. This is focused on government agencies that need assistance with managing the complex regulations. The Leaf Data Systems application helps to effectively track plant, product and waste, allowing for maintaining quality standards.In the latest earnings call, Billingsley noted: "For nearly 10 years, we have refined a technology that pinpoints every aspect of every gram of cannabis trapped in our system. The plot of land that is grown on soil nutrients, water and light intake, additional ingredients for manufactured product, when it was shipped out and in what batch and finally, where and when the product was sold and to whom." Bottom Line On KERN StockEven though Akerna is targeting an interesting category, there are some issues to keep in mind. First of all, monetization could prove difficult in the coming months. With the shakeout in the cannabis market, there will be fewer resources to make investments in new technologies.Next, the government market is far from easy. The sales cycles can be long and the budgets are usually tight. What's more, as of June 30, about 39% of Akerna's revenues actually came from the government agencies of Pennsylvania and Washington. Akerna recently snagged Utah as a customer.According to a recent regulatory filing with the SEC: "Further, even if a contract is awarded, there are strict procedures that government agencies follow when it comes to reimbursement of the costs incurred in the course of fulfilling contracts. Accordingly, it is possible that some or all costs might not be reimbursed under a government contract as contemplated by us."And finally, the revenue base is fairly small for a public company. In the most recent quarter, the top line hit $3.2 million, up about 39%.Given the uncertainty in the cannabis market and the difficulties with government contracting, growth could be choppy. Thus for now, it's a good idea to be cautious on KERN stock.Tom Taulli is the author of the book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Tech Stocks You Wish You'd Bought During 2019 * 5 Under-the-Radar Marijuana Stocks With Over 100% Upside * Watch These 5 STARS Stocks as They Change the Future The post Is It Too Early to Play the Cannabis Sector With KERN Stock? appeared first on InvestorPlace.

  • Urbem's 'Wonderful Business' Series: Technology One
    GuruFocus.com

    Urbem's 'Wonderful Business' Series: Technology One

    An Enterprise SaaS rising star Continue reading...

  • Oracle (ORCL) Dips More Than Broader Markets: What You Should Know
    Zacks

    Oracle (ORCL) Dips More Than Broader Markets: What You Should Know

    Oracle (ORCL) closed the most recent trading day at $55.43, moving -1.26% from the previous trading session.

  • Financial Times

    Manchester City investor Silver Lake shakes up top leadership 

    Egon Durban, the technology dealmaker turned entertainment powerbroker, has been made co-chief executive of US private equity group Silver Lake, one week after he acquired a stake in City Football Group in a record-breaking deal. , which owns Manchester City football club, current champions of the English Premier League.

  • Think celebrities and CEOs make way too much money? Check out this chart
    MarketWatch

    Think celebrities and CEOs make way too much money? Check out this chart

    In 2016, pop diva Taylor Swift strummed her way to $170 million in earnings to take the top spot on the Forbes Celebrity 100 list. The year before that, Uber boss Dara Khosrowshahi took home $94.6 million when he was serving as the chief executive at Expedia. But those figures are nothing compared with top hedge-fund guys.

  • VMware (VMW) Q3 Earnings Beat Estimates, Revenues Up Y/Y
    Zacks

    VMware (VMW) Q3 Earnings Beat Estimates, Revenues Up Y/Y

    VMware's (VMW) third-quarter fiscal 2020 results reflect strong top-line growth, driven by robust performance from NSX and vSAN product lines.

  • Is Oracle Corporation (ORCL) Going to Burn These Hedge Funds?
    Insider Monkey

    Is Oracle Corporation (ORCL) Going to Burn These Hedge Funds?

    Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before last year's Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the […]