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ORCL 10Q due MONDAY SEPTEMBER 9
ORCL new 52 week low
ORCL new 52 week high
Oracle (ORCL) Beats on Profit, Teases Nvidia Announcement
By: Schaeffer's Investment Research | March 12, 2024
• Oracle's earnings beat has the stock trading at record high levels
• Options traders and analysts are chiming in after the tech company's report
Oracle Corp (NYSE:ORCL) stock was last seen up 10.1% to trade at $125.70, after the tech company beat fiscal third-quarter earnings thanks in part to artificial intelligence (AI) demand. The company also teased a joint announcement with chip giant Nvidia (NVDA) ahead of a global AI conference for developers on Monday, March 18.
ORCL drew no fewer than 16 price-target hikes in response, the highest coming from Mizuho to $160 from $140. Analysts remain split on ORCL, however, with half the brokerage firms in coverage calling it a "hold," so a round of upgrades could push ORCL higher.
Shares today finally cleared $129 -- where rallies ran out of steam in June and September -- to notch an all-time high of $129.37. The 80-day moving average, which coincides with a short-term floor at $111, served as a springboard for today's rally, which could also mark ORCL' best day since June 2022. In the last 12 months, Oracle stock added 49%.
Options traders aren't missing a beat. So far today, 116,000 calls and 63,000 puts have crossed the tape, volume that's 20 times the intraday average amount. Most active is the March 130 call, followed by the April 130 call, with positions being opened at the former.
That call bias is nothing new. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), ORCL's 50-day call/put volume ratio of 2.48 ranks higher than 89% of annual readings.
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ORCL 10Q due March 11
$ORCL kissing that big gap. 200/50/100D ma's in that gap so don't expect a fast huge move through it
By: Options Mike | January 15, 2024
• $ORCL kissing that big gap.
200/50/100D ma's in that gap so don't expect a fast huge move through it.
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Oracle $ORCL for you long term degens..
By: FLOWrensics | December 22, 2023
• $ORCL for you long term degens..
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Oracle (ORCL) Bears Could Be Tempting a Gamma Squeeze
By: Barchart | December 18, 2023
One of the beautiful aspects of options trading is that if you know what to look for, you don’t necessarily need to participate in its often-complex tactics and strategies. Instead, you can simply buy the underlying security in the open market and ride out the implications of derivative market dynamics.
Case in point is cloud software giant Oracle (ORCL). After posting a strong performance so far this year, some market experts have argued that a downturn was simply inevitable. So far, that’s exactly what has happened. Recently, the company disclosed results for its fiscal second quarter, disappointing onlookers.
Despite a modest lift in revenue on a year-over-year basis, Oracle failed to meet Wall Street’s consensus estimate. Conspicuously, the company suffered a 17.9% YOY decline in sales from its cloud and on-premise licenses. In fairness, that red ink was counteracted by a 12% YOY lift in the cloud services and license support units.
Still, ORCL stock absorbed an approximate 10% loss in the trailing month, confirming that investors were looking for a bit extra, something that the enterprise simply could not deliver. Along with the mixed earnings disclosure, the Barchart Technical Opinion indicator rates ORCL stock a 24% sell with a weak short-term outlook.
Adding to the pensive nature of ORCL stock, analysts are perfectly split on the software stalwart. Among 24 experts, 12 rate ORCL a strong buy and the other half view it as a hold. Interestingly, the overall assessment is a slight improvement from the 10 strong buys and 14 holds from three months ago. However, analysts aren’t exactly clamoring for Oracle stock.
On the surface, the framework seems stuck at a stalemate at best and unpleasant at worst. Nevertheless, the technical indicator also warns that ORCL stock is approaching oversold territory and that investors should be watchful of a trend reversal.
That’s a non-zero probability. Here’s why.
ORCL Stock is Begging for a Reversal
Following the close of the Dec. 15 session, ORCL stock represented one of the highlights in Barchart’s screener for unusual stock options volume. Now, let me be blunt. This inclusion doesn’t really mean a whole lot. Otherwise, we’d all be rich just buying securities that show up on this or that radar.
But ORCL stock making it on the list on Friday does point to a possible bullish framework. First, total volume reached 278,777 contracts, representing a 189.73% increase in activity relative to its trailing one-month average volume metric. Within this tally, 221,010 contracts were call options, yielding a face-value bullish put/call volume ratio of 0.26.
To be sure, this figure doesn’t mean a whole lot by itself. However, in recent sessions, the options flow screener – which exclusively filters for big block transactions – shows heavy demand for sold calls. That’s not particularly surprising given the disappointing fiscal Q2 earnings report.
In a technical sense, then, market makers or institutional traders have become short gamma through their sold (written) calls. Essentially, gamma is the rate of change in an option’s delta and the underlying asset’s price. Regarding ORCL stock, if it declines, the gamma of the short call options becomes more negative. For the bears, that’s exactly the outcome they’re hoping for.
However, on Friday, ORCL stock decided to pop up 3%. Now, the gamma is suddenly becoming more positive, an unexpected outcome. And with many of the sold calls featuring a strike price of $104, the delta is becoming more sensitive to the volatility of ORCL in the open market.
Depending on the exposure and the overall liquidity situation, a gamma squeeze may soon materialize because the big players – who effectively are short ORCL stock – must now cover their bearish wagers. Should Oracle shares continue to rise higher, the pessimists may find themselves under greater pressure to cut their losses by buying the underlying security.
Of course, buying activity would likely lead to a feedback loop as other bearish positions get blown up, leading to a potentially significant spike in ORCL stock.
Why the Trade Might Work
One of the reasons why gamma squeezes fueled by heavy sold calls may be the most impactful centers on the risk of unlimited losses. When traders buy an option, they have the right but not the obligation to exercise the contract. On the flipside, traders selling an option have the obligation but not the right to fulfill the terms of the contract.
When it comes to sold calls, call writers (sellers) agree to see the underlying stock at the listed strike price. However, if the writer doesn’t own the security – meaning the sold calls are naked – the trader must buy the stock in the open market. If shares rise higher, the call writer must buy the security at the elevated price, only to sell it at the lower strike price.
Since a stock can theoretically rise indefinitely, the losses are undefined. Needless to say, it’s a harrowing situation.
Obviously, the potential for a gamma squeeze – even in cases involving heavy volume of sold calls – offers zero guarantees. Further, when the biggest and smartest institutions do anything, it’s usually for a well-thought-out reason. Still, stuff happens, which could work in your favor if you want to speculate on ORCL stock.
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Oracle (ORCL) suffers 2nd biggest daily loss in the last 20 years. When was the 1st biggest? September
By: Barchart | December 12, 2023
• Oracle suffers 2nd biggest daily loss in the last 20 years. When was the 1st biggest? September.
Founder Larry Ellison had some impeccable timing on his only sales in the last 2.5 years. On June 22 and June 23 he sold $848 million worth of shares. $ORCL is -17.5% since.
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Oracle tumbles as tepid forecast fans cloud growth concerns
By: Investing | December 12, 2023
(Reuters) - Oracle (NYSE:ORCL) shares fell 9% in premarket trading on Tuesday as another quarter of below-expectations cloud sales and a bleak forecast amplified concerns over the pace of growth at the business expected to benefit from a boom in generative AI.
Revenue growth at the firm's cloud infrastructure unit, which competes with industry heavyweights Amazon (NASDAQ:AMZN) Web Services and Microsoft (NASDAQ:MSFT) Azure, has slowed over the last three quarters.
"The lower OCI (Oracle Cloud Infrastructure) growth will worry investors as this is the main investment story," analysts at Barclays wrote in a note.
Oracle's shares have climbed 40% this year as investors bet that the rising adoption of generative AI, the technology behind popular chatbot ChatGPT, will drive growth for companies providing data center services.
The company, co-founded by billionaire Larry Ellison, has been investing heavily to build data centers as part of its strategy to become a cloud-based company.
Oracle on Monday blamed supply constraints for the weak results, with CEO Safra Catz saying that demand for the company's generative AI and cloud infrastructure services was increasing at "an astronomical rate."
Still, analysts raised concerns about the company's prospects. At least four brokerages cut their price targets on the stock following the results.
"Two consecutive quarters of cloud revenue shortfalls partially erode our confidence that a cloud transition can drive a sustainable top-line growth recovery," brokerage Piper Sandler said.
Total cloud revenue, which includes software, rose 25% in the second quarter ended Nov. 30, missing the company's expectations for a 29%-31% increase.
Weaker enterprise spending and intense competition from larger players were also a drag on overall results.
Oracle forecast third-quarter revenue growth, including health data software platform Cerner (NASDAQ:CERN), to be in the range of 6%-8%. The mid-point of the forecast is below analysts' average estimate for growth of about 7.6%, according to LSEG data.
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Oracle forecasts Q3 revenue below estimates on weak cloud spending, shares fall
By: Investing | December 11, 2023
(Reuters) -Oracle forecast quarterly revenue below estimates on Monday, as an uncertain economy and competition in the cloud computing market weighed on demand for its cloud offerings, sending its shares down more than 7% in extended trading.
Sticky inflation and high borrowing costs have forced firms to cut back on expenditure, hurting companies like Oracle (NYSE:ORCL) that depend on enterprise spending.
In October, Google-parent Alphabet (NASDAQ:GOOGL) also reported the slowest growth in its cloud division in at least 11 quarters, raising concerns over demand.
A big drag on results might have been from the Cerner (NASDAQ:CERN) business Oracle acquired last year as well as continued sluggish enterprise spending, according to Gil Luria, a research analyst at D.A. Davidson.
For the current quarter, Oracle forecast revenue growth, including Cerner, to be in the range of 6%-8%, the mid point of which is below analysts' average estimate for growth of about 7.6%, according to LSEG data.
Total revenue for the second quarter was up 4%, including Cerner, and up 6% excluding Cerner, CEO Safra Catz said on an earnings call.
Oracle has been working to bolster its AI infrastructure as firms look to adopt generative AI. However, frontrunners Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT) continue to dominate the market.
Larger players have already made deep inroads in the AI ecosystem, limiting opportunities for Oracle to gain a sizeable market share.
In October, Microsoft beat Wall Street estimates for first-quarter results across all segments, with its AI offerings propelling growth in the cloud computing segment.
Oracle reported second-quarter revenue of $12.94 billion, below analysts' average estimate of $13.05 billion, according to LSEG data.
Its adjusted earnings of $1.34 per share for the quarter ended Nov. 30 narrowly beat estimates.
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Oracle (ORCL) plunges 9% following Q2 revenue miss
By: Investing | December 11, 2023
Shares of Oracle (NYSE:ORCL) dropped over 9% after-hours today following the announcement of the company's Q2 results. Oracle reported a shortfall in its quarterly revenue, attributed to a challenging economic environment and heightened competition in the cloud computing sector, impacting the demand for its cloud services.
Oracle reported Q2 revenue of $12.9 billion (up 5% year-over-year), missing the consensus estimate of $13.05B. EPS came in at $1.34, compared to the consensus estimate of $1.33.
The company saw a 12% increase in its Cloud services and license support revenue, reaching $9.6B. However, cloud license and on-premise license revenues witnessed a downturn, decreasing 18% to $1.2B.
"Demand for our Cloud Infrastructure and Generative AI services is increasing at an astronomical rate. As a measure of that demand, Oracle's total Remaining Performance Obligations (RPO) climbed to over $65 billion—exceeding annual revenue,” said CEO Safra Catz.
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Longview Partners Guernsey LTD Has $831.92 Million Stock Holdings in Oracle Co. (ORCL)
By: MarketBeat | November 26, 2023
• Longview Partners Guernsey LTD cut its holdings in shares of Oracle Co. (NYSE:ORCL) by 5.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,985,603 shares of the enterprise software provider's stock after selling 381,100 shares during the period. Oracle comprises approximately 5.4% of Longview Partners Guernsey LTD's holdings, making the stock its largest holding. Longview Partners Guernsey LTD owned approximately 0.26% of Oracle worth $831,915,000 at the end of the most recent quarter...
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Oracle director sells shares amid insider selling trend
By: Investing | November 14, 2023
NEW YORK - Oracle Corporation (NYSE: NYSE:ORCL) director George N. Conrades executed a significant sale of company shares, according to a Form 4 filing with the Securities and Exchange Commission. Conrades sold 4,650 shares for a total of $524,828, with Oracle's stock trading up by 0.65% at $114.89 at the time of the transaction.
The sale took place as part of a broader pattern at Oracle, with the past year showing a trend of insider selling—13 insider sales and no reported buys. This trend is noteworthy as insider transactions can be a valuable indicator for investors. Insiders are defined by Section 12 of the Securities Exchange Act of 1934 as officers or directors who own more than ten percent of a company's equity securities, and they are required to report their transactions within two business days via a Form 4 filing.
While insider buys can suggest confidence in a company's future growth, sales do not necessarily predict an impending drop in stock price. Each transaction is detailed in Table I of the Form 4 filing, which includes specific codes that denote the nature of the trade.
Oracle is well-known for its comprehensive cloud applications, platform services, engineered systems, and database management solutions, playing a crucial role in digital transformation initiatives across businesses. At the time of Conrades' sale, Oracle shares were trading at $112.87 with a price-to-earnings (P/E) ratio that exceeded both the industry average and Oracle's own historical median. According to GuruFocus Value, this could indicate a potential slight overvaluation of Oracle stock.
Investors have access to commission-free online stock trading through platforms such as Charles Schwab (NYSE:SCHW), which allows for easier participation in the market without additional transaction costs.
This recent insider activity at Oracle has been captured by Benzinga's automated content engine and verified by an editor, ensuring that stakeholders have access to timely and relevant information about significant insider trades within the company.
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Oracle sees share price rise as institutional and insider ownership remains high
By: Investing | November 12, 2023
NEW YORK - Oracle Corporation (NYSE:ORCL), a leading technology firm with a market capitalization of $310 billion, recently experienced a 4.6% increase in its share price, reflecting the significant role institutional investors play in the company's stock performance. These investors hold 43% of Oracle's shares, aligning their interests with the company's long-term trends and contributing to its strong one-year return on investment of 48%.
The ownership structure of Oracle highlights insider confidence, with Lawrence Ellison, the Top Key Executive, owning 42% of the company. This level of insider ownership is often seen as a positive sign, indicating that board members are committed to investing alongside shareholders. However, it also raises questions about board accountability due to the concentration of voting power. The second and third largest shareholders hold approximately 5.1% and 4.4% of the stock, respectively, consolidating more than half of Oracle's shares among the top three shareholders.
Despite individual investors holding a smaller portion of the equity at 14%, their collective stake is enough to potentially influence company policies, even though they may not have the power to sway decisions on their own.
Investors are advised to consider analyst forecasts and be cognizant of potential warning signs that could affect Oracle's future performance. Analysts provide valuable insights into expected stock trends, which can help investors make informed decisions. The risk associated with a significant drop in share price due to possible simultaneous sell-offs by large institutional owners should be taken into account, especially given insiders' substantial control over $130 billion worth of shares.
As Oracle continues to be included in benchmark indexes, its appeal to institutional investors is likely to persist, making its role in shaping the company's stock price and policies an ongoing point of interest for market watchers.
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Oracle (ORCL) stock ends seven-day rally, underperforms market peers
By: Investing | November 8, 2023
Oracle Corp (NYSE:ORCL)'s shares took a slight dip of 0.11% to close at $108.99 on Tuesday, marking an end to a week-long rally. This performance was in stark contrast to the gains posted by the broader market, with the S&P 500 Index and the Dow Jones Industrial Average recording increases of 0.28% and 0.17% respectively.
The tech firm also lagged behind its industry counterparts, Microsoft Corp (NASDAQ:MSFT). and Alphabet (NASDAQ:GOOGL) Inc., which saw their stocks rise. Microsoft's shares were up by 1.12%, while Alphabet's Class C and Class A shares witnessed an increase of 0.72% and 0.55% respectively.
Despite the recent rally, Oracle's closing price on Tuesday was still significantly lower than its year-high of $127.54 recorded in June. The stock closed $18.55 short of this peak figure. Additionally, the company's trading volume for Tuesday stood at 7.4 million, which was below its 50-day average trading volume of 10.6 million.
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