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Oracle (ORCL) Given a $82.00 Price Target at Barclays
By: MarketBeat | September 9, 2022
• Oracle (NYSE:ORCL - Get Rating) has been assigned a $82.00 price objective by Barclays in a note issued to investors on Friday, Borsen Zeitung reports. Barclays's price target indicates a potential upside of 8.84% from the company's previous close...
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Earnings Preview: Oracle Corp. (NYSE: ORCL)
By: 24/7 Wall St. | September 9, 2022
• No significant reports are due late Friday or before markets open on Monday. Here is a look at what to expect from two companies reporting results after markets close on Monday.
Oracle
Software and cloud-computing giant Oracle Corp. (NYSE: ORCL) has dropped about 16.6% from its share price over the past 12 months. Since reaching an all-time high in mid-December, the share price has declined by about 27%.
Oracle’s balance sheet carries $57.6 billion in net debt following the company’s merger with Cerner, about $20 billion more than 12 months ago. Free cash flow for the past 12 months is around $5 billion, a sharp drop from $13.75 billion 12 months ago. Oracle recently laid off an unspecified (but large) number of its 143,000 employees, temporarily pushing the share price higher.
Of 29 analysts covering the stock, nine have a Buy or Strong Buy rating and 18 have a Hold rating. At a recent price of around $74.70 a share, the upside potential based on a median price target of $82.00 is about 9.8%. At the high price target of $115.00, the upside potential is 53.9%.
Fiscal first-quarter revenue is forecast at $11.45 billion, which would be down 3.3% sequentially but up 17.7% year over year. Adjusted earnings per share (EPS) are pegged at $1.08, down 30.2% sequentially and up 4.9% year over year. For the full 2023 fiscal year ending in May, current estimates call for EPS of $5.25, up 7.2%, on sales of $49.79 billion, up 17.3%.
Oracle stock trades at 14.2 times expected 2023 EPS, 12.6 times estimated 2024 earnings of $5.90 and 11 times estimated 2025 earnings of $6.80 per share. The stock’s 52-week range is $63.76 to $106.34. The company pays an annual dividend of $1.28 (yield of 1.7%). Total shareholder return for the past year is negative 15.3%.
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Oracle (ORCL) PT Set at $80.00 by Jefferies Financial Group
By: MarketBeat | September 6, 2022
• Oracle (NYSE:ORCL - Get Rating) received a $80.00 price objective from Jefferies Financial Group in a report released on Tuesday, Borsen Zeitung reports. Jefferies Financial Group's price objective indicates a potential upside of 8.36% from the company's current price...
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Oracle Co. (ORCL) Given Consensus Recommendation of "Hold" by Analysts
By: MarketBeat | September 1, 2022
• Shares of Oracle Co. (NYSE:ORCL - Get Rating) have received a consensus rating of "Hold" from the twenty-eight analysts that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $89.14...
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Oracle: 2 Top Cloud Computing Stocks to Watch This Fall
By: Stock News | August 23, 2022
The cloud computing market has grown exponentially since the COVID-19 pandemic due to the spurring demand for cloud solutions and services to stay functional from anywhere. Businesses continue to shift their operations to cloud platforms for better efficiency.
Moreover, the advancements in cloud-based technologies should keep driving the industry’s growth. The global cloud computing market is expected to reach $947.3 billion by 2026, growing at a CAGR of 16.3%.
Given this backdrop, fundamentally sound cloud-computing stocks Oracle Corporation (ORCL) and Veeva Systems Inc. (VEEV) could be solid additions to your watchlist.
Oracle Corporation (ORCL)
ORCL provides products and services that address all aspects of corporate IT environments, including application, platform, and infrastructure worldwide. The company operates through cloud services and license support, cloud license and on-premises license, hardware, and services segments.
For the fiscal fourth quarter ended May 31, 2022, ORCL’s total revenue increased 5.5% year-over-year to $11.84 billion. The company’s non-GAAP operating income increased 2.6% year-over-year to $5.59 billion. However, its non-GAAP EPS remained flat year-over-year at $1.54.
For the first quarter ending August 31, 2022, ORCL’s EPS and revenue are expected to increase 4.6% and 17.9% year-over-year to $1.08 and $11.47 billion, respectively. It has surpassed the Street EPS estimates in three of the trailing four quarters. Over the past three months, the stock has gained 11.4% to close the last trading session at $76.46.
ORCL’s POWR Ratings reflect this promising outlook. The stock has an overall rating of B, translating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has a B grade for Sentiment and Quality. Within the Software – Application industry, it is ranked #12 out of 154 stocks. To see the other ratings of ORCL for Growth, Value, Momentum, and Stability, click here.
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This Mega-Cap Oracle Corporation (ORCL) Stock is a High-Risk Investment Right Now
By: Schaeffer's Investment Research | August 16, 2022
• ORCL climbs up over 10% in a month
• Shares of ORCL have risen by 24% from its 52-week low
Oracle Corporation (NYSE:ORCL) is one of the largest software companies in the world with a market-cap of $210.8 billion. ORCL sells database software and technology, cloud engineered systems, and enterprise software products such as enterprise resource planning (ERP) software, human capital management (HCM) software, customer relationship management (CRM) software, enterprise performance management (EPM) software, and supply chain management (SCM) software. At last check, ORCL was trading up 0.2% at $79.25.
Oracle stock has moved 12% lower over the past 12 months and has decreased about 26% since peaking at a record high of $106.34 in December. Additionally, shares of ORCL have dropped 10% year-to-date. Nonetheless, Oracle stock has increased 11% over the past month and has recovered 24% since bottoming at a more than 52-week low of $63.76.
Moreover, Oracle stock trades at an intriguing forward price-earnings ratio of 14.51 and a price-sales ratio of 5.07. ORCL also offers a dividend yield of 1.62% with a forward dividend of $1.28. In addition, Oracle is expected to grow its revenues 17.7% for fiscal 2023. Unfortunately, the software company's growth rate is expected to slow down for fiscal 2024, with estimates predicting just a 6.1% increase in revenue.
Additionally, ORCL holds a weak balance sheet with $79.49 billion in total debt and $21.9 billion in cash, rounding out an unideal set of fundamentals backing Oracle stock.
Short-term options traders have been incredibly call-biased of late, per ORCL's Schaeffer's put/call open interest ratio (SOIR) of 0.77, which stands in the 16th percentile of its annual range. Echoing this, over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock boasts a 50-day call/put volume ratio of 3.93, which ranks higher than 92% of readings from the past year. This means calls are getting picked up at a quicker-than-usual clip.
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Oracle (ORCL) Coverage Initiated by Analysts at Guggenheim
By: MarketBeat | August 12, 2022
• Equities research analysts at Guggenheim started coverage on shares of Oracle (NYSE:ORCL - Get Rating) in a research report issued on Friday, MarketBeat reports. The brokerage set a "buy" rating and a $107.00 price target on the enterprise software provider's stock. Guggenheim's target price suggests a potential upside of 38.67% from the stock's previous close...
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Oracle Co. (ORCL) Given Average Recommendation of "Hold" by Analysts
By: MarketBeat | August 7, 2022
• Shares of Oracle Co. (NYSE:ORCL - Get Rating) have been assigned an average rating of "Hold" from the twenty-seven ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $88.25...
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Oracle Co. (ORCL) Short Interest Update
By: MarketBeat | August 3, 2022
• Oracle Co. (NYSE:ORCL - Get Rating) saw a large increase in short interest in July. As of July 15th, there was short interest totalling 15,440,000 shares, an increase of 17.3% from the June 30th total of 13,160,000 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average trading volume of 8,240,000 shares, the short-interest ratio is presently 1.9 days...
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Oracle Begins U.S. Lay-Offs - The Information
By: Investing.com | August 1, 2022
Oracle (NYSE:ORCL) has begun staff layoffs at the company's San Francisco Bay Area headquarters, according to a report from The Information.
Citing people with knowledge of the matter, The Information states the company planned thousands of job cuts for its global workforce in July after discussing cutting $1 billion in expenses.
While they are unsure of the number of staff impacted, layoffs in Canada, India, and parts of Europe are anticipated.
The cuts come as Oracle invests to serve TikTok, one of its newest cloud customers, which is a key contract for the company. However, The Information adds that expanded data center-related purchases for Oracle's cloud business impacted its free cash flow, falling 63% to $5 billion in the year ended May.
Oracle shares are down over 12% in 2022, after a 0.9% fall so far during Monday's session.
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Oracle Co. (ORCL) Given Average Rating of "Hold" by Brokerages
By: MarketBeat | July 13, 2022
• Shares of Oracle Co. (NYSE:ORCL - Get Rating) have been assigned an average recommendation of "Hold" from the twenty-nine analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $89.68...
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Oracle (ORCL) has reportedly considered cost reductions of up to $1 billion
By: CRN | July 8, 2022
• The tech giant recently considered cost-cutting measures to the tune of $1 billion which could result in thousands of job cuts on the heels of Oracle‘s massive $28 billion Cerner buy, according to a report published Friday.
Oracle has recently mulled reducing costs by as much as $1 billion and as a result, possibly letting go of thousands of its employees as early as August, according to a report published Friday by The Information.
The potential layoffs come on the heels of Austin, Texas-based Oracle closing its $28 billion acquisition of Cerner to give the company a deeper presence in the healthcare technology space. The acquisition brought in about 28,000 Cerner employees, according to the company‘s website.
Oracle did not respond to CRN‘s request for comment before publication.
An Oracle spokesperson with knowledge of the situation said that the layoffs could “disproportionately impact” workers in the U.S. and Europe and would include marketing for software applications in customer service and e-commerce employees, the report said.
The potential cuts also come as Oracle actively makes investments to serve one of its key cloud customers, popular video app TikTok, which selected the Oracle platform in 2020.
At the same time, two senior Oracle executives are leaving the company, the report said. The departing executives are reportedly CMO Ariel Kelman who joined from AWS two years ago and has been leading the team working with TikTok and Juergen Lindner, senior vice president of marketing for SaaS, whose team is facing a potential reorganization and job cuts, the report said citing people familiar with the matter. CRN has reached out to Kelman and Lindner for comment but a source at Oracle confirmed the departures.
Oracle would hardly be the only company letting go staff this summer. Several public companies and startups have announced plans to conduct layoffs as a way to preserve cash until the market recovers. Cybersecurity technology developer IronNet in June revealed plans to lay off about 17 percent of its total headcount by the end of the month.
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Oracle Co. (ORCL) CEO Safra Catz Sells 980,000 Shares
By: MarketBeat | June 24, 2022
• Oracle Co. (NYSE:ORCL - Get Rating) CEO Safra Catz sold 980,000 shares of the company's stock in a transaction dated Friday, June 24th. The shares were sold at an average price of $69.80, for a total transaction of $68,404,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $78,077,721.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website...
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Oracle 'Now Attractively Valued,' Upgraded at Exane
By: Investing.com | June 29, 2022
Shares of Oracle (NYSE:ORCL) were upgraded to Outperform by analysts at Exane on Wednesday, with its price target raised by 14% to $90 per share, representing a potential 31% upside.
The firm stated the stock is "now attractively valued, offering defensive growth and high profitability."
"We had been cautious ahead of the FQ4 results considering the license risk, the Cerner (NASDAQ:CERN) guidance risk, and the risk to the double-digit growth guidance for FY'23. Now that Oracle successfully managed FQ4 (with the help of two mega deal), de-risked the Cerner guidance as well as the overall guidance for FY'23, we raise to Outperform," Exane said. "Oracle Cloud Infrastructure emerging as the main growth driver Oracle has guided for growth in its Cloud businesses (about 30% of revenues) to accelerate from 22% growth in '22 to 30%+ in '23, led by Oracle Cloud Infrastructure, which is seeing accelerated adoption within the installed base."
The analysts said the risk-reward for the stock is now compelling, while its recent EuroVision Reseller Channel Check Survey is also more supportive for Oracle.
"With Oracle down 32% from its peak, the shares now trade on 12x forward EV/EBITA. While this is not far from the historic average, Oracle is now growing much faster. Oracle's EBITA was ~USD15-17bn annually from FY2013-2022. We now expect EBITA to grow to USD22bn by FY'25. Revenue growth is accelerating from a 2% CAGR over 10 years to 7%+ over the next three years."
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Credit Suisse Says Oracle (ORCL) Can Reaccelerate Growth into Double-Digits
By: Investing.com | June 21, 2022
In a research report by Credit Suisse analysts on Tuesday, the firm said Oracle (NYSE:ORCL) can reaccelerate revenue growth into the double digits.
The report, led by Phil Winslow, stated that as they transition to the cloud accelerates, Oracle holds a key underappreciated advantage - the company’s sizable entrenched on-premises installed base.
“Although Oracle began its transition to the cloud after AWS (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), and Google (NASDAQ:GOOGL) — and had some false starts along the way — we believe Oracle has reached an inflection point in terms of migrating its large on-premises Oracle Database installed base, which is supported by a significant application developer and enterprise DBA ecosystem, to Oracle Cloud,” wrote the analysts. “We therefore believe that Oracle is well-positioned to emerge as the #3 or #4 vendor in the PaaS/IaaS market and as the #2 vendor in the SaaS market — enabling the company to continue to reaccelerate revenue growth into the double digits.”
Focusing on the “underappreciated advantage,” Credit Suisse said they believe Oracle Cloud is uniquely positioned to reduce the total cost of ownership of Oracle Database workloads that cannot be replicated by other IaaS vendors.
“Specifically, Oracle can influence 'down the stack' to the infrastructure layer but competing cloud IaaS providers cannot dictate 'up the stack' into Oracle’s proprietary platform layer.”
“We expect this 'down-the-stack' strategy to enable Oracle to (1) retain its existing database customers by lifting-and-shifting current workloads to the cloud and (2) upsell new capabilities within Oracle Cloud—increasing Oracle's wallet share of the enterprise IT budget while also reducing its customers’ overall spending as compared to other cloud IaaS vendors.”
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As Tech Gets Hammered, This Stock Looks Attractive—Even in a Recession
By: Barron's | June 17, 2022
Amid a devilish brew of rising rates, high inflation, and recession fears, the tech sector offers few hiding places for investors.
The market is shunning the high-growth, profitless software stocks that drove the sector higher during the pandemic. Consumer-facing e-commerce and hardware stocks are sagging, plagued by weakening demand; social media plays are taking a beating as ad buyers retrench; and supply-chain issues are hitting chip stocks. Almost every tech stock is down for the year, with dozens off more than 50%.
In past columns, I’ve made the case for betting on cloud computing, and I think the story remains compelling. As recent earnings reports from Amazon.com (ticker: AMZN), Microsoft (MSFT), and Alphabet (GOOGL) made clear, demand for cloud-based computing services is both vast and expanding. The promise of the cloud—improved flexibility and reduced costs—is fundamentally changing the way every company handles computing.
In a research note this past week, Credit Suisse analyst Phil Winslow wrote that corporate spending on the public cloud should top on-premises infrastructure IT outlays by 2024. It’s cloud computing, not just software, that’s eating the world. Winslow argues that Wall Street is underestimating the growth potential for Microsoft Azure. I see Microsoft and Amazon as the best long-term bets on the cloud.
But I also see opportunity in another cloud play that’s still hiding in plain sight. In February 2021, I wrote a bullish cover story about Oracle (ORCL), making the case that the enterprise database and applications company had quietly evolved into an underappreciated cloud story.
The company was driving its customers to adopt cloud-based versions of its software, while also launching Oracle Cloud, a fledgling rival to the public cloud’s Big Three. Oracle’s transition to the cloud was gaining traction, but investors hadn’t caught on. As it turned out, Oracle was a great stock to own in 2021, rallying more than 70% by mid-December, as quarterly results showed steady progress on the cloud strategy.
And then two things happened that blew up the stock. At a macro level, the tech selling spree picked up steam. While the selloff started with pandemic darlings like Zoom Video Communications (ZM) and Peloton Interactive PTON +3.07% (PTON), it soon spread everywhere, and Oracle wasn’t immune. But the bigger issue was Oracle’s late December announcement of a $28 billion cash deal to buy Cerner, an electronic medical records company serving hospitals and healthcare systems.
Over time, Oracle has made many large acquisitions—PeopleSoft, Siebel, Sun Microsystems—but Cerner is its largest deal ever. Oracle is betting big on healthcare digitization. It’s also a wager that it can shift Cerner’s software to the Oracle Cloud, generating huge savings. While Oracle has said the deal will be an immediate boost to earnings, the transaction raises the worry of integration risk, requires Oracle to take on additional debt, and moderates what had been an extremely aggressive stock buyback plan.
Since peaking right before the Cerner deal was announced, Oracle stock has fallen 38%, shedding some $100 billion in market value.
Deutsche Bank analyst Brad Zelnick says the Cerner acquisition cast some doubt about Oracle’s shift to the cloud, the reason behind the stock’s 2021 rally. The deal offered ammunition to the skeptics who were already worried about Oracle’s cloud commitment.
But this past week, Oracle’s earnings provided fresh evidence that the transition is still under way.
For the fiscal fourth quarter ended May 31, Oracle reported revenue of $11.8 billion, up 10% adjusted for currency, in the company’s best growth quarter since 2011. The figure beat the company’s own guidance and Wall Street’s estimates.
Meanwhile, Oracle’s cloud business grew 22% in the quarter—and Oracle CEO Safra Catz told investors that cloud revenue growth should accelerate to 25% to 28% in the August quarter and 30% or more in fiscal 2023. (On Friday, TikTok announced that it will send all of its U.S. user traffic to the Oracle Cloud.)
Oracle shares rallied after the report, and they actually finished higher on the week, a rare success in an otherwise dismal week for stocks.
Zelnick, who maintains a Buy rating and $110 target price on Oracle shares—a potential 70% return—says Oracle’s guidance implies continued high-single-digit revenue growth for the overall business on a currency adjusted basis.
While Zelnick concedes that no company is immune from a deep recession, he thinks other dynamics will carry the day at Oracle in the months ahead, setting the stage for a rebound in the stock. “They are transforming their own business, they are taking out costs from Cerner,” and, he says, “inflation actually is good for Oracle.” There are inflation-index linked increases built into Oracle’s customer contracts, Zelnick explains. Meanwhile, switching costs are so high for Oracle software that customers show little resistance to price hikes.
The selloff in Oracle stock has made it cheap by most measures. At a recent $68, it trades at less than 13 times Zelnick’s forecast for profits of $5.36 a share for the May 2023 fiscal year and less than four times his post-Cerner revenue forecast of just under $50 billion. On both measures that’s less than half Microsoft’s valuation.
If Oracle’s cloud growth vision plays out, the stock should rebound, regardless of whether there’s a recession.
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Oracle (ORCL) PT Set at $82.00 by JPMorgan Chase & Co.
By: MarketBeat | June 16, 2022
• Oracle (NYSE:ORCL - Get Rating) has been given a $82.00 target price by equities research analysts at JPMorgan Chase & Co. in a research note issued on Thursday, Borsen Zeitung reports. JPMorgan Chase & Co.'s target price would suggest a potential upside of 17.65% from the company's previous close...
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TikTok US User Data Moved to Oracle Servers
By: Investing.com | June 17, 2022
Reuters confirmed Friday that TikTok has moved all of its US users' information onto Oracle (NYSE:ORCL) servers.
The company confirmed the data migration to Reuters, which may help ease data integrity concerns by US regulators.
The move comes almost two years after US authorities, under the Trump administration, told TikTok owner ByteDance to move US user data to the United States on concerns the Chinese government could use it to access sensitive information on US citizens.
At the time, it was reported that as well as user data, other core TikTok systems, including those that track how viral a video has become, and the algorithm that drives the 'For You' page recommendations will be operated from the US.
However, Reuters did not state whether other data features had been cloned and moved to the US.
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Oracle (ORCL) Price Target Raised to $80.00 at Jefferies Financial Group
By: MarketBeat | June 14, 2022
• Oracle (NYSE:ORCL - Get Rating) had its target price boosted by research analysts at Jefferies Financial Group from $75.00 to $80.00 in a report released on Tuesday, The Fly reports. Jefferies Financial Group's target price would indicate a potential upside of 15.46% from the company's previous close...
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Oracle Rallies After Dividend Hike
By: Vladimir Zernov | June 14, 2022
• The company raised the dividend by 19%.
Oracle Gains Ground After Strong Report
Shares of Oracle gained strong upside momentum after the company released its quarterly report. Oracle reported revenue of $11.84 billion and adjusted earnings of $1.54 per share, easily beating analyst estimates on both earnings and revenue.
The company noted that it had experienced a significant increase in demand in its infrastructure business. Oracle believes that this increase indicates that this business has entered a hyper-growth phase.
Oracle decided to increase the quarterly dividend from $0.27 per share to $0.32 per share, which served as an additional bullish catalyst for the stock. At current price levels, Oracle yields 1.8%.
What’s Next For Oracle Stock?
Analysts expect that Oracle will report earnings of $5.25 per share in the current year and $5.76 per share in the next year, so the stock is trading at 12 forward P/E. Analyst estimates have been mostly stable in recent months, while the stock has been under significant pressure since the start of this year.
While Oracle stock looks cheap at current levels, its near-term dynamics will depend on general market sentiment towards tech stocks. Traders are worried that the Fed will raise rates aggressively to fight inflation, which is bearish for tech companies.
It remains to be seen whether the company’s internal catalysts, like the strength of its infrastructure business, will be sufficient enough to provide support for the stock in case the general market moves towards new lows.
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Oracle (ORCL) shares rise on better-than-expected earnings report
By: CNBC | June 13, 2022
• Oracle exceeded estimates on the top and bottom lines for its fiscal fourth quarter.
• CEO Safra Catz said in a statement that the company saw a “major increase in demand” for cloud infrastructure.
Oracle shares rose almost 9% in extended trading on Monday after the database software company issued fiscal fourth-quarter results that exceeded analysts’ estimates.
Here’s how the company did:
• Earnings: $1.54 per share, adjusted, vs. $1.37 as expected by analysts, according to Refinitiv.
• Revenue: $11.84 billion, vs. $11.66 billion as expected by analysts, according to Refinitiv.
Revenue increased 5% from a year earlier, driven by growth in the company’s cloud infrastructure business, which competes with Amazon Web Services and Microsoft Azure.
Oracle said that unit increased sales by 36%, lifting total cloud revenue by 19% to $2.9 billion. According to Synergy Research Group, Oracle didn’t crack the top five global providers of cloud infrastructure as of the end of last year. But the company has been touting its ability to not just pull legacy customers over to its cloud products but also to attract new clients.
CEO Safra Catz said in a statement that the company saw a “major increase in demand” for cloud infrastructure.
“We believe that this revenue growth spike indicates that our infrastructure business has now entered a hyper-growth phase,” Catz said.
Prior to the after-hours pop, Oracle shares were down 27% for the year, slightly outperforming the Nasdaq, which has tumbled 31%.
Oracle’s earnings beat is particularly important as investors turn their focus to companies that can generate profitability and cash during a downturn.
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Stock To Watch In The Coming Week: Oracle (NYSE:ORCL)
By: Investing.com | June 12, 2022
Inflation and interest rates will likely once again dominate the market trading agenda in the upcoming week after US government data last Friday showed there was no let-up in price pressures to the economy during the month of May.
US inflation accelerated to a fresh 40-year high last month, a sign that these price pressures are becoming entrenched in the economy, pushing the Federal Reserve to extend an aggressive series of interest-rate hikes.
The Fed is widely expected to raise the fed funds rate by a half point Wednesday and again next month, but this past Friday’s very hot consumer inflation report fueled speculation that policymakers may make a case for a bigger hike.
Stocks reacted negatively after the CPI release with the S&P 500 falling 5.1% for the week. Amid renewed concerns about inflation and the path of US monetary policy, below are three stocks we’re monitoring closely in the week ahead:
Oracle
Software and infrastructure giant Oracle (NYSE:ORCL) will release its fiscal 2022, fourth-quarter earnings report on Monday, June 13, after the market close. Analysts are projecting $1.37 a share profit on sales of $11.62 billion.
ORCL Weekly TTM
In March, the Austin, Texas-based Oracle gave an upbeat forecast for its cloud-computing business, helped by higher sales from its cloud division that could finish the fiscal year with the growth rate in the mid-20s. Total revenue in the past quarter was expected to gain as much as 5%.
Oracle has been trying to fuel growth in its cloud business and create a bigger imprint in the fast-growing market, which is led by Amazon, Microsoft (NASDAQ:MSFT) and Alphabet's (NASDAQ:GOOGL) Google. Cloud revenue rose 24% to $2.8 billion in the fiscal third quarter, which ended Feb. 28.
Oracle shares, which closed on Friday at $67.14, have slumped by 23% this year amid a widespread sell-off in tech stocks.
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Oracle (ORCL) Price Target Cut to $98.00
By: MarketBeat | June 9, 2022
• Oracle (NYSE:ORCL - Get Rating) had its price target decreased by analysts at Cowen from $107.00 to $98.00 in a research report issued to clients and investors on Thursday, Stock Target Advisor reports. The brokerage presently has an "outperform" rating on the enterprise software provider's stock. Cowen's price target indicates a potential upside of 38.93% from the company's current price...
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Earnings Preview: Oracle Corp. (NYSE: ORCL)
By: 24/7 Wall St. | June 10, 2022
• Here is a look at two companies scheduled to release quarterly results Monday afternoon or Tuesday morning.
Oracle
Software and cloud-computing giant Oracle Corp. (NYSE: ORCL) has dropped about 17% from its share price over the past 12 months. Since reaching an all-time high in mid-December, the share price has dropped by 32%. Oracle reports quarterly results after markets close Monday.
Oracle closed its $28.3 billion merger with electronic health records giant Cerner on Wednesday. Chairperson Larry Ellison said the company plans to build a unified national health records database “where the health records all American citizens’ health records not only exist at the hospital level but also are in a unified national health records database.”
Of 27 analysts covering the stock, seven have a Buy or Strong Buy rating and 18 have a Hold rating. At a share price of around $69.20, the upside potential based on a median price target of $88.00 is about 27.2%. At the high price target of $126, the upside potential is 82.1%.
Fiscal fourth-quarter revenue is forecast at $11.97 billion, up 11.0% sequentially and 3.9% higher year over year. Adjusted EPS are pegged at $1.38, up 21.9% sequentially and down 10.4% year over year. For full fiscal 2022 that ended in May, current estimates call for EPS of $4.75, up 1.7%, on sales of $42.27 billion, up 4.4%.
Oracle stock trades at 14.6 times expected 2022 EPS, 13.2 times estimated 2023 earnings of $5.24 and 12.0 times estimated 2024 earnings of $5.78 per share. The stock’s 52-week range is $66.72 to $106.34. The company pays an annual dividend of $1.28 (yield of 1.85%). Total shareholder return for the past year is negative 16.9%.
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Oracle Presents an Interesting Opportunity - Morgan Stanley
By: Investing.com | June 6, 2022
Morgan Stanley analyst Keith Weiss reiterated an Equal Weight rating and $88 price target on Oracle (NYSE:ORCL) Monday, stating that the shares present an interesting opportunity.
Asking the question of whether Oracle is a "safe(er) ship in stormy seas," the analyst wrote that increased confidence in the underlying drivers of a modest revenue acceleration in FY23, along with expectations for OM to sustain above pre-pandemic levels, make them believe the risk-reward at Oracle presents an "interesting opportunity on a relative basis."
"With shares outperforming thus far this year, the debate on the stock has shifted to whether there is still room left to run in the value trade at Oracle," wrote Weiss. "At reasonable valuations (short duration assets) are seen as a relatively safe harbor as investors navigate a period of rising interest rates and multiple compression across software."
"From that perspective, we'd argue that Oracle presents an interesting opportunity for better-than-expected EPS growth in a choppy marketplace," he added.
Weiss sees positive data points on the momentum of the core business at Oracle, resulting in the belief that the shares adequately discount the uncertainties.
Oracle is expected to report its fourth-quarter results on June 13, 2022.
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Oracle gains EU green light for $28.3 bln Cerner deal
By: Reuters | June 2, 2022
U.S. business software maker Oracle Corp (ORCL.N) has secured unconditional EU antitrust clearance for its $28.3 billion acquisition of U.S. healthcare IT company Cerner Corp (CERN.O), the EU competition enforcer said on Thursday.
The acquisition, Oracle's biggest ever, would give the company access to a trove of data and could increase the number of healthcare clients to its cloud platform. read more
The European Commission said it did not have any competition concerns about the deal as there are no overlaps between the companies and the merged company would not have the ability to shut out rivals.
Reuters reported exclusively on May 24 that Oracle would get the EU green light. read more
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Oracle (ORCL) Reaches New 52-Week Low at $70.13
By: ABMN | May 13, 2022
• Oracle Co. (NYSE:ORCL – Get Rating)’s share price reached a new 52-week low on Thursday . The stock traded as low as $70.13 and last traded at $70.26, with a volume of 26739 shares traded. The stock had previously closed at $71.03...
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Oracle Receives Consensus Recommendation of "Hold" from Brokerages
By: MarketBeat | April 29, 2022
• Oracle Co. (NYSE:ORCL - Get Rating) has earned a consensus recommendation of "Hold" from the twenty-nine analysts that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $92.64...
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Oracle Co. (ORCL) Sees Large Drop in Short Interest
By: ABMN | April 16, 2022
• Oracle Co. (NYSE:ORCL – Get Rating) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 12,990,000 shares, a decline of 45.1% from the March 15th total of 23,660,000 shares. Based on an average trading volume of 9,090,000 shares, the short-interest ratio is currently 1.4 days. Currently, 0.9% of the shares of the stock are short sold...
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Oracle Updates Q4 2022 Earnings Guidance
By: MarketBeat | April 8, 2022
• Oracle (NYSE:ORCL - Get Rating) updated its fourth quarter 2022 earnings guidance on Friday. The company provided earnings per share guidance of $1.400-$1.440 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.380. The company issued revenue guidance of $11.56 billion-$11.79 billion, compared to the consensus revenue estimate of $11.76 billion...
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Oracle (ORCL) Lifted to "Neutral" at Exane BNP Paribas
By: MarketBeat | March 29, 2022
• Oracle (NYSE:ORCL - Get Rating) was upgraded by equities research analysts at Exane BNP Paribas from an "underperform" rating to a "neutral" rating in a research report issued to clients and investors on Tuesday, The Fly reports...
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Oracle (ORCL) Updates Q4 2022 Earnings Guidance
By: MarketBeat | March 25, 2022
• Oracle (NYSE:ORCL - Get Rating) issued an update on its fourth quarter 2022 earnings guidance on Friday morning. The company provided earnings per share guidance of $1.400-$1.440 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.380. The company issued revenue guidance of $11.56 billion-$11.79 billion, compared to the consensus revenue estimate of $11.76 billion...
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Oracle Co. (ORCL) Expected to Post Quarterly Sales of $11.63 Billion
By: MarketBeat | March 26, 2022
• Wall Street brokerages predict that Oracle Co. (NYSE:ORCL - Get Rating) will post $11.63 billion in sales for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Oracle's earnings, with estimates ranging from $11.32 billion to $11.74 billion. Oracle reported sales of $11.23 billion in the same quarter last year, which indicates a positive year over year growth rate of 3.6%. The firm is scheduled to announce its next quarterly earnings results on Monday, January 1st...
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Jefferies Financial Group Analysts Give Oracle (ORCL) a $80.00 Price Target
By: MarketBeat | March 15, 2022
• Oracle (NYSE:ORCL - Get Rating) received a $80.00 price target from Jefferies Financial Group in a research report issued on Tuesday, Borsen Zeitung reports. Jefferies Financial Group's target price indicates a potential upside of 3.80% from the company's current price...
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Oracle Price Target Cut to $83.00
By: MarketBeat | March 11, 2022
• Oracle (NYSE:ORCL - Get Rating) had its target price cut by research analysts at Stifel Nicolaus from $87.00 to $83.00 in a research report issued on Friday, The Fly reports. Stifel Nicolaus' target price would suggest a potential upside of 4.51% from the company's current price...
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Oracle (ORCL) Issues Q4 2022 Earnings Guidance
By: MarketBeat | March 11, 2022
• Oracle (NYSE:ORCL - Get Rating) updated its fourth quarter 2022 earnings guidance on Friday. The company provided EPS guidance of $1.400-$1.440 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.380. The company issued revenue guidance of $11.56 billion-$11.79 billion, compared to the consensus revenue estimate of $11.76 billion...
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Oracle Stock Chart: Key Support Level Is Tested After Earnings Miss
By: TheStreet | March 11, 2022
• Oracle stock is testing a key support level after the software giant's earnings report. Here's where it must hold to avoid making new lows.
What a difference one quarter makes. After falling about 3% early in Friday's session, shares of Oracle (ORCL) are now up after the software major reported earnings.
The company reported in-line revenue and missed on profit forecasts. While the cloud outlook impressed, investors are having a hard time bidding up the stock.
It hasn’t been a very good run for Oracle. The stock was hitting new 52-week highs in December, but at last month’s low it was down about 34% from the highs.
Currently, the shares are still down about 30% from that mark and are encroaching on this month’s low of $73.11.
While some of the large- and megacap tech stocks — particularly those considered value stocks — have held up much better than their growth-stock counterparts, it still hasn't been an easy ride.
Let’s look at the chart to see what key levels stand out here.
Trading Oracle Stock
Daily chart of Oracle stock.
Chart courtesy of TrendSpider.com
When Oracle stock rallied in December, it finally cleared the $100 mark and rallied to the 161.8% extension up near $106.
Once that price target was satisfied, the Oracle could hold $100. Instead, the shares gapped below this mark just a week after the big upside rally.
The stock climbed back to $100 and was harshly rejected. Oracle stock fell in 10 straight sessions.
It’s been quite the skid since, with Oracle falling in seven of the past 10 weeks. Two of those weekly gains were less than 0.4%.
From here, I want to see whether Oracle can avoid breaking this month’s low and can continue to hold the 21-month moving average.
If it can do that and build above $75, it opens the door for a potential weekly-up rotation and a move back over the 10-day and 21-day moving averages.
Perhaps more important, the stock would avoid making new lows after earnings and get back above downtrend resistance (blue line).
In this scenario, it would put the 10-week, 10-month and 50-day moving averages in play, near $80 to $81.
On the downside, a break and close below the March low would put the February low on the table near $70.
A move and close below $70 could ultimately open the door to the 200-week and 50-month moving averages. While they are rising, they currently come into play near $61 to $63.
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Oracle (ORCL) Earnings Miss, Revenue Inline In Q3
By: Investing.com | March 10, 2022
Oracle (NYSE:ORCL) reported on Thursday third-quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
Oracle announced earnings per share of $1.13 on revenue of $10.51B. Analysts polled by Investing.com anticipated EPS of $1.18 on revenue of $10.51B.
The company's total cloud revenue was $2.8 billion, up 24%. Its overall revenue growth is being driven by its rapidly growing Cloud Infrastructure and Cloud Applications businesses.
Oracle shares are down 11% from the beginning of the year. They fell a further 6.06% in after-hours trade following the report.
"In Q3, Oracle delivered over 7% constant currency revenue growth—our highest quarterly organic revenue growth rate since we began our transition to the cloud," said Oracle CEO, Safra Catz. "This strong top line growth was coupled with a solid non-GAAP constant currency operating profit growth of 4%.
Oracle also declared a quarterly cash dividend of $0.32 per share.
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Earnings Previews: Oracle Corp. (NYSE: ORCL)
By: 24/7 Wall St. | March 9, 2022
• Here is a look at two tech companies set to report results after markets close on Thursday.
Oracle
Software and cloud-computing giant Oracle Corp. (NYSE: ORCL) has added about 5.7% to its share price over the past 12 months, including a drop of 27.3% since mid-December. The company reports quarterly results after markets close Thursday.
Last week, the company suspended all business operations in Russia. The company’s planned $28.3 billion acquisition of digital healthcare firm Cerner was announced in December and the deal is expected to close later this year. Data analytics firm Enterprise Technology Research reported that Oracle’s cloud platform grew faster than competitors AWS, Azure, and Google Cloud in three months between October and January.
Of 27 analysts covering the stock, just six have a Buy or Strong Buy rating and 18 rate the shares at Hold rating. At a share price of around $75.60, the upside potential based on a median price target of $101.50 is about 34.3%. At the high price target of $126, the upside potential is 66.7%.
Fiscal third-quarter revenue is forecast at $10.51 billion, up 1.5% sequentially and 4.2% year over year. Adjusted EPS are pegged at $1.18, down 2.6% sequentially but up 1.7% year over year. For full fiscal 2022 ending in May, current estimates call for EPS of $4.82, up less than 3.1%, on sales of $42.36 billion, up 4.6%.
Oracle stock trades at 15.7 times expected 2022 EPS, 14.4 times estimated 2023 earnings of $5.24 and 13.1 times estimated 2024 earnings of $5.75 per share. The stock’s 52-week range is $60.60 to $314.76. Oracle does not pay a dividend. Total shareholder return for the past year is negative 54.5%.
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Analysts Expect Oracle Co. (ORCL) Will Post Quarterly Sales of $10.51 Billion
By: MarketBeat | March 5, 2022
• Wall Street brokerages forecast that Oracle Co. (NYSE:ORCL - Get Rating) will announce $10.51 billion in sales for the current quarter, Zacks reports. Seven analysts have issued estimates for Oracle's earnings, with the highest sales estimate coming in at $10.55 billion and the lowest estimate coming in at $10.49 billion. Oracle reported sales of $10.09 billion during the same quarter last year, which would suggest a positive year over year growth rate of 4.2%. The business is scheduled to announce its next quarterly earnings results after the market closes on Thursday, March 10th...
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How Oracle (ORCL) Stock Could Partially Recoup Recent Losses
By: Schaeffer's Investment Research | February 16, 2022
• The 320-day moving average could help ORCL push higher
• There is plenty of room for optimism among the brokerage bunch
Oracle Corporation (NYSE:ORCL) is down 1.6% at $78.46 this afternoon. The equity has been testing a floor at the $78 level over the last couple of weeks, after pulling back from a Dec. 10, all-time high of $106.25. The cloud name still sports a 26.2% year-over-year lead, though, and is now flashing a historically bullish signal that may help it recoup some of its recent losses.
More specifically, Oracle stock's latest pullback has placed it within one standard deviation of its 320-day moving average, which has helped ORCL surge higher in the past. According to a study conducted by Schaeffer's Senior Quantitative Analyst Rocky White, the stock has seen six similar signals over the last three years. One month after each signal, the security was higher, averaging a 6.6% return in that period. From its current perch, a move of the same magnitude would put ORCL above the $83 mark.
There is plenty of room for optimism among the brokerage bunch. Of the 17 analysts in coverage, 12 call Oracle stock a tepid "hold," while the remaining five doled out "strong buy" ratings.
It is also worth noting the equity's Schaeffer's Volatility Scorecard (SVS) stands at a relatively high 81 out of 100. This means ORCL has exceeded option traders' volatility expectations during the past year.
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