AllAnalyst Report
logoArgusSeptember 22, 2020

Oracle Corporation: Maintaining HOLD rating

Symbols
ORCL
Sector(s)
Technology
Rating
Premium
Current Price
$57.57
Price Target
$NaN
Earnings Estimate
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Summary

Oracle Corp. is the world's largest independent enterprise software company, with annual revenues of $39 billion. Its software products include database, middleware, application and cloud-based software designed for general business purposes and for specific industries. In addition, Oracle provides product upgrades, maintenance releases and patches through license update agreements. It also offers product support through the cloud, internet and global support centers. Oracle also provides server hardware through its acquisition of Sun Microsystems in 2010. The company has over 100,000 employees. About 48% of revenues come from overseas.

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Analyst Profile

Joseph F. Bonner, CFA

Senior Analyst: Communication Services & Technology
Joe covers the Communication Services sector and selected software technology stocks for Argus. In 2010, he was named #5 Stock Picker for Telecom Services in the Wall Street Journal's Best on the Street Analyst Survey. In 2008, Joe was named #1 Stock Picker for Media: U.S. by the Financial Times and was second in the Wall Street Journal's Best on the Street Analyst Survey for Telecommunications: Fixed Line. For more than a decade, Joe worked with Technicolor Inc., where he focused on financial and legal issues. He received his Masters in Business Administration from Fordham University in New York, where he concentrated in Finance. He earned a BA in International Affairs from the George Washington University, and spent three years with the Peace Corps in Talgar, Kazakhstan, developing an English Language resource center and teaching students. Joe is a CFA charterholder.