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U.S. Capital Wealth Advisors LLC Purchases 4,131 Shares of Oracle Co. (ORCL)
By: MarketBeat | January 14, 2023
• U.S. Capital Wealth Advisors LLC lifted its position in shares of Oracle Co. (NYSE:ORCL) by 3.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,972 shares of the enterprise software provider's stock after purchasing an additional 4,131 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Oracle were worth $7,205,000 at the end of the most recent reporting period...
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Oracle (ORCL) stock gets second upgrade in 2023 as Piper Sandler moves to Overweight
By: Investing.com | January 9, 2023
Piper Sandler analysts upgraded Oracle (NYSE:ORCL) stock to Overweight from Neutral with a price target of $104 per share, up from the prior $85.
They see 2024 as a "watershed year" for Oracle, given that growth in operating profits and EPS could accelerate to more than 10%.
"Despite all the banter on cloud, the 1% CAGR in revenue and operating profits between F2012-F2022 made it easy to ignore ORCL. That may no longer be the case given Oracle Cloud could expand ~26% annually to reach $21.7B by F2025," the analysts wrote in a client note.
The cloud transformation, in conjunction with a lower share count, could fuel EPS growth, the analysts added. As a result, they hiked their EPS estimates.
"We see room for both earnings and multiple expansion as the acceleration to double-digit EPS growth materializes," they concluded.
This is the second upgrade for Oracle in just a couple of days after Jefferies raised their recommendation on the tech stock to Buy last week. The analysts argued that Oracle has "its mojo back."
"We like the reacceleration growth theme, focus on expense scrutiny and cheap multiple. Tactical pick for value investors," they wrote in an upgrade note last week.
Oracle shares are up over 1.5% today.
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Oracle (ORCL) Given a $115.00 Price Target by Credit Suisse Group Analysts
By: MarketBeat | December 21, 2022
• Oracle (NYSE:ORCL - Get Rating) has been assigned a $115.00 price objective by investment analysts at Credit Suisse Group in a research report issued on Wednesday, Borsen Zeitung reports. Credit Suisse Group's price target would indicate a potential upside of 42.08% from the stock's previous close...
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$ORCL Oracle Vice Chairman with a $32M sale following this week's earnings report...
By: TrendSpider | December 17, 2022
• $ORCL Oracle Vice Chairman with a $32M sale following this week's earnings report...
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Oracle Co. (ORCL) Vice Chairman Sells $32,800,000.00 in Stock
By: MarketBeat | December 16, 2022
• Oracle Co. (NYSE:ORCL) Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $82.00, for a total value of $32,800,000.00. Following the sale, the insider now owns 1,792,688 shares of the company's stock, valued at $147,000,416. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink...
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Jefferies Financial Group Analysts Decrease Earnings Estimates for Oracle Co. (ORCL)
By: MarketBeat | December 16, 2022
• Oracle Co. (NYSE:ORCL) - Analysts at Jefferies Financial Group dropped their Q3 2023 earnings per share (EPS) estimates for shares of Oracle in a research note issued to investors on Tuesday, December 13th. Jefferies Financial Group analyst B. Thill now anticipates that the enterprise software provider will post earnings of $0.96 per share for the quarter, down from their prior forecast of $1.12. The consensus estimate for Oracle's current full-year earnings is $4.11 per share. Jefferies Financial Group also issued estimates for Oracle's Q4 2023 earnings at $1.17 EPS, FY2023 earnings at $3.88 EPS, Q1 2024 earnings at $0.99 EPS, Q2 2024 earnings at $1.07 EPS, Q3 2024 earnings at $1.17 EPS, Q4 2024 earnings at $1.38 EPS and FY2024 earnings at $4.61 EPS...
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Oracle (ORCL) Stock Reverses Gains After Earnings Beat
By: Schaeffer's Investment Research | December 13, 2022
• Oracle reported better-than-expected fiscal second-quarter results
• Options volume is running at four times the intraday average
Oracle Corp (NYSE:ORCL) is in the spotlight after its fiscal second-quarter results beat, with the stock earlier hitting its highest level since January before pulling back to modest losses. No fewer than four analysts raised their price targets after the event, with the highest from Jefferies to $90 from $85, while Cowen and Company slashed its to $96 from $98. At last glance, ORCL was down 1.1% at $80.40.
Options traders are targeting ORCL at four times the average intraday volume. So far, 65,000 calls and 49,000 puts have crossed the tape. The December 80 call is the most popular, followed by the 85 call in the same monthly series.
The amount of calls today represents a shift in sentiment. In the last 10 weeks, 1.38 puts have been picked up for every call at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). This ratio ranks higher than 95% of readings from the past year, indicating long puts being picked up at a much faster-than-usual rate in the last 50 days.
Options look like a good way to go, too, per the security's Schaeffer's Volatility Scorecard (SVS), which sits at an 89 out of 100. This this means Oracle stock has exceeded option traders' volatility expectations during the past year.
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Currency impact at Oracle guidance:
By: The Transcript | December 13, 2022
• Currency impact at $ORCL guidance:
"Using currency exchange rates as they are right now, currency should have a 4% negative effect on total revenue and at least a $0.06 negative effect on EPS in Q3"
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Analysts raise Oracle numbers after 'better-than-feared' results
By: Investing.com | December 13, 2022
Oracle (NYSE:ORCL) shares are trading almost 3% higher today after the company reported better-than-expected earnings for its second fiscal quarter.
Oracle posted an adjusted EPS of $1.12 on revenue of $12.3 billion, beating the analyst consensus for earnings of $1.16 per share on revenue of $11.95B. Revenue rose 18% year-over-year as cloud services revenue increased by 14% to $8.6B.
"In Q2, Oracle's total revenue grew 25% in constant currency—exceeding the high end of our guidance by more than $200 million," said Oracle CEO, Safra Catz. "That strong overall revenue growth was powered by our infrastructure and applications cloud businesses that grew 59% and 45% respectively, in constant currency."
Oracle also declared a quarterly cash dividend of $0.32 per share.
Piper Sandler analysts raised the price target to $85 from $75 per share after "solid and better-than-feared" results.
"We are raising our PT to reflect a slightly higher growth trajectory through FY27 and the assumption that the FCF margin has troughed and could begin to recover into next year (discount rate unchanged). While our bias is turning more constructive, we maintain at Neutral until we see further evidence of a sustainable path to double-digit revenue growth and improving FCF margins," the analysts said in a client note.
Deutsche Bank analysts said the FQ2 results showed an "acceleration in a decelerating backdrop." As a result, they reiterated a Buy rating on ORCL stock after "particularly impressive results against a difficult backdrop, featuring organic acceleration and OCI strength."
"If there is any company where we feel comfortable relying on capex as a leading indicator, it would be Oracle, and it is expected to remain at these levels for the next few quarters. It is apparent to us that OCI increasingly has a seat at the table with some of the largest and most demanding purchasers of cloud infrastructure," the analysts wrote.
Other sell-side firms, including Bank of America and Stifel, also raised price targets on Oracle stock.
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Oracle (ORCL) shares rise after-hours after topping earnings, revenue expectations
By: Investing.com | December 12, 2022
Oracle (NYSE:ORCL) shares have risen in extended trading Monday after the company reported its fiscal second-quarter earnings, topping analyst consensus expectations.
Oracle shares closed the regular session up 1.77%. It is currently up 2.95% after hours.
The technology firm posted adjusted earnings per share of $1.21 on revenue of $12.3 billion, which rose 25% in constant currency. Analysts expected earnings of $1.16 per share on revenue of $11.95B.
Oracle's cloud revenue in Q2 came in at $3.8B, up 48% in constant currency, while cloud infrastructure revenue was $1B, up 59% in constant currency.
The strengthening of the U.S. dollar had a significant impact on Oracle's results in the quarter. The company said that without the FX-related impact, Oracle's reported Q2 non-GAAP earnings per share would have been 9 cents higher.
"In Q2, Oracle's total revenue grew 25% in constant currency—exceeding the high end of our guidance by more than $200 million," said Oracle CEO, Safra Catz. "That strong overall revenue growth was powered by our infrastructure and applications cloud businesses that grew 59% and 45% respectively, in constant currency."
Oracle declared a quarterly cash dividend of $0.32 per share.
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Oracle Co. (ORCL) Receives Consensus Recommendation of "Hold" from Analysts
By: My MarketBeat | December 10, 2022
• Shares of Oracle Co. (NYSE:ORCL) have received an average recommendation of "Hold" from the twenty-eight analysts that are currently covering the firm, MarketBeat Ratings reports. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $89.04...
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Earnings Preview: Oracle Corp. (NYSE: ORCL)
By: 24/7 Wall St. | December 9, 2022
• Here is a preview of three companies set to report quarterly results after U.S. markets close Monday afternoon.
Oracle
Software and cloud-computing giant Oracle Corp. (NYSE: ORCL) has dropped about 9.8% from its share price over the past 12 months. Since reaching an all-time high in mid-December of last year, the share price has dropped by nearly 25%.
On Thursday, the Pentagon announced that Oracle, Microsoft and Amazon would share in a contract valued at around $9 billion to build the U.S. Defense Department’s Joint Warfighting Cloud Capability (JWCC), the successor to the $10 billion Joint Enterprise Defense Infrastructure (JEDI) modernization product that was awarded to Microsoft in 2019 and scrapped last year by the Biden administration after Oracle and Amazon protested the award. Stay tuned.
Of 31 analysts covering the stock, 10 have a Buy or Strong Buy rating and 19 have Hold ratings. At a share price of around $80.10, the upside potential based on a median price target of $82.50 is about 3%. At the high price target of $120.00, the upside potential is 49.8%.
Fiscal second-quarter revenue is forecast at $12.01 billion, up 5% sequentially and 15.9% higher year over year. Adjusted EPS are pegged at $1.17, up 14.1% sequentially and down 3.3% year over year. For the full 2023 fiscal year ending in May, current estimates call for EPS of $4.96, up 1.3%, on sales of $49.44 billion, up 16.5%. Oracle completed its $28 billion acquisition of Cerner in June, helping to account for its overall sales growth for the current fiscal year.
Oracle stock trades at 16.1 times expected 2023 EPS, 14.2 times estimated 2024 earnings of $5.65 and 12.1 times estimated 2025 earnings of $6.61 per share. The stock’s 52-week range is $60.78 to $106.34. The company pays an annual dividend of $1.28 (yield of 1.62%). Total shareholder return for the past year is negative 8.2%.
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JUST IN: Oracle $ORCL,... Were all just awarded contracts with the US Department of Defense with a ceiling value of $9 Billion
By: StockMKTNewz | December 7, 2022
• JUST IN: Google $GOOGL, Amazon Web Services $AMZN, Microsoft $MSFT and Oracle $ORCL were all just awarded contracts with the US Department of Defense with a ceiling value of $9 Billion
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Oracle (ORCL) Daily. Possible S/R flip in the works after a cup & handle breakout last week
By: CJ | November 30, 2022
• $ORCL #ORCL Daily
Possible S/R flip in the works after a cup & handle breakout last week.
Like the 79-80 area for a potential bounce spot.
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Oracle Co. (ORCL) Director Sells $7,207,200.00 in Stock
By: Market Beat | November 16, 2022
• Oracle Co. (NYSE:ORCL - Get Rating) Director Michael J. Boskin sold 90,000 shares of the business's stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $80.08, for a total value of $7,207,200.00. Following the completion of the sale, the director now owns 82,607 shares in the company, valued at $6,615,168.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link...
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Oracle Sells $7 Billion of Debt to Help Fund Cerner Purchase
By: Bloomberg | November 7, 2022
Oracle Corp. is the latest company to seize the moment in a credit market recovery, bringing a $7 billion bond sale to help fund its acquisition of medical-records systems provider Cerner Corp.
The software-maker sold bonds in as many as four parts, according to a person with knowledge of the matter. The longest portion of the offering, a 30-year note, yields 2.55 percentage points above Treasuries after earlier discussions of about 3.1 percentage points, said the person, who asked not to be identified as the details are private.
Oracle announced, along with the bond sale, that it also increased its previous $4.4 billion term loan by $1.3 billion. The added proceeds will help pay down a bridge loan used to fund the acquisition of Cerner, according to a filing.
The Cerner acquisition was originally funded with about $15.7 billion of so-called bridge loan debt provided by a group of banks. Such debt is typically refinanced into longer-term bonds and loans. Oracle later borrowed about $4.4 billion through a term loan agreement, using that to reduce the bridge facility.
The proceeds of the bond sale will prepay borrowings under the bridge deal. With the bond sale and the added proceeds of the term loan, there’s about $3 billion left to fund in the bond market from the bridge loan.
Austin, Texas-based Oracle originally agreed to buy Cerner for $28 billion in December, in an all-cash deal that would broaden its customer base within the health-care industry and bolster its cloud-computing and database businesses.
“Today’s Oracle deal has been anticipated for months, and we expect healthy participation from the buyside even though it’s a company that has been remarkably inattentive to maintaining its credit rating profile,” said Baylor Lancaster-Samuel, vice president of fixed income at Amerant Investments Inc., in an emailed response to questions.
“As recently as 2020, Oracle was rated high A and with the Cerner deal, there was some threat that Oracle could flirt with a BBB- rating at the lowest rung of investment grade,” she said.
Fitch Ratings downgraded Oracle to BBB from BBB+ on Monday. It assigned a BBB score to the new unsecured notes, as did S&P Global Ratings.
Citigroup Inc., Bank of America Corp., Goldman Sachs Group Inc., HSBC Holdings Plc and JPMorgan Chase & Co. are managing Oracle’s bond sale, the person said.
Oracle is one of 15 companies that sold investment-grade debt on Monday, marking the busiest day in that market by number of deals since the days following Labor Day in September.
Firms have been taking advantage of the ease in credit market volatility in recent weeks to launch new deals. Last week, several banks used the window to offload some of their most risky buyout and acquisition debt.
On Friday, Canada’s Open Text Corp. kicked off a roughly $3.1 billion leveraged loan sale to help finance its purchase of British software business Micro Focus International Plc. Earlier that same week, banks launched a $2.4 billion debt sale to help fund Apollo Global Management Inc.’s buyout of auto-parts maker Tenneco Inc., which the group had previously resigned to funding itself.
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ORCL Oracle insider takes a $15M payday into this week's strength
By: TrendSpider | October 29, 2022
• $ORCL Oracle insider takes a $15M payday into this week's strength.
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Guggenheim Increases Oracle (ORCL) Price Target to $115.00
By: MarketBeat | October 27, 2022
• Oracle (NYSE:ORCL - Get Rating) had its price objective increased by equities researchers at Guggenheim to $115.00 in a report issued on Thursday, Stock Target Advisor reports. Guggenheim's price objective points to a potential upside of 52.93% from the company's previous close...
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Oracle Corp. (ORCL) Wouldn't chase, 200D close big spot for it
By: Options Mike | October 23, 2022
• $ORCL Issued very nice long term guidance on their investor day. Wouldn't chase, 200D close big spot for it.
Helping the Sector.
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Oracle Co. (ORCL) Receives Consensus Rating of "Hold" from Analysts
By: MarketBeat | October 21, 2022
• Shares of Oracle Co. (NYSE:ORCL - Get Rating) have earned a consensus recommendation of "Hold" from the twenty-eight research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $88.17...
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Analysts Highlight Key Takeaways from Oracle's Analyst Day
By: Investing.com | October 21, 2022
Oracle Corp. (NYSE:ORCL) shares closed 4.45% higher on Thursday after investors reflected positively on the new ambitious long-term revenue targets laid out at yesterday's Financial Analyst Day.
Oracle said it expects to record $65 billion in revenue, 45% non-GAAP operating margins, and >10% annual EPS growth by FY2026. These long-term financial targets came in at least 5% above Street expectations for 2026.
Shares were also boosted by Piper Sandler's upgrade to Neutral from Underweight with a price target of $70 per share. Analysts said the "risk-reward appears more balanced near-term."
Here's what Oracle analysts have to say about the new long-term financial targets:
Stifel's analysts: "The organic revenue growth goal comes to an 11.25% CAGR over the next 4 years, a dramatic step-up from the current mid-single digit CC growth the company has posted over the last few years. En route to this goal we believe Oracle has assumed meaningful share gains within its Infrastructure segment which we believe could prove optimistic given the degree to which Oracle is behind other IaaS vendors as the Cloud Apps business has already been posting healthy growth rates. Overall we believe that Oracle will likely continue to bleed Infrastructure marketshare, but sustain current levels of FCF given management's aggressive operational focus."
Guggenheim's analysts (raise PT to $115, designates ORCL as Best Idea): "It's been many years since we've attended an Oracle event with so much excitement around technology, culture (yes, you read that right), growth, and importantly, profit. Even skeptical investors would acknowledge the technology acumen of Oracle… We continue to believe in this story."
Morgan Stanley (NYSE:MS)'s analysts: "Durability of strategic-back office growth and a long runway for OCI unlock management's confidence to commit to LT targets of $65 billion in rev and >45% op margin by FY26. While management and partners expressed confidence in Cloud durability, we await more evidence in our broader market checks."
Goldman Sachs’ analysts (raise PT to $72 from $70): "While we're encouraged by Oracle's expectation to return to double-digit revenue growth (~10% CAGR through F26), the target comes at a time when software companies are becoming more prudent with 2H/FY guidance due to a worsening macro environment (slowing net new business, deal cycle elongation, FX headwinds). We note that the F26 guidance implies Street revenue estimates in F24 could be revised higher by >3 pp, which we believe could leave investors questioning their attainability in the event of a potential recession in the coming months (back-office/ERP could be most susceptible, ~50% of organic cloud revenue). Oracle's continued underperformance in its core database market also remains a potent risk to achieving its long-term target, in our view."
Bank of America (NYSE:BAC)'s analysts: "We are encouraged by the bullish expectation for sustained cloud growth, though key initiatives to achieve these targets remain a work in progress, namely datacenter expansion (building 9 additional data centers on top of the 40 today) and integration of vertical application to cloud offerings such as Fusion and NetSuite… However, we maintain our Neutral view pending more evidence of more meaningful acceleration and a clear path back to double digit EPS growth from datacenter scale."
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Barclays Cuts Oracle Price Target to $70.00
By: MarketBeat | October 18, 2022
• Oracle (NYSE:ORCL - Get Rating) had its price objective reduced by investment analysts at Barclays from $82.00 to $70.00 in a report issued on Tuesday, The Fly reports. Barclays's price objective suggests a potential upside of 4.45% from the company's previous close...
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Short Interest in Oracle Co. (ORCL) Drops By 21.4%
By: MarketBeat | October 16, 2022
• Oracle Co. (NYSE:ORCL - Get Rating) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 13,120,000 shares, a decrease of 21.4% from the September 15th total of 16,700,000 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 7,580,000 shares, the short-interest ratio is currently 1.7 days...
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ORCL $1.2 Million Call LEAP Strike: 75 Expiration: 1/19/24
By: Cheddar Flow | October 17, 2022
• $ORCL $1.2M Call LEAP
Strike: 75
Expiration: 1/19/24
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Oracle Co. (ORCL) Given Average Recommendation of "Hold" by Brokerages
By: MarketBeat | September 26, 2022
• Shares of Oracle Co. (NYSE:ORCL - Get Rating) have been assigned a consensus recommendation of "Hold" from the twenty-eight research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $88.67...
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Oracle to pay about $23 million to resolve a second SEC bribery case
By: Investing.com | September 27, 2022
(Corrects headline and first paragraph to show that Oracle is paying about $23 million, not "more than" or "over" that amount as stated in SEC press release)
(Reuters) - Oracle Corp (NYSE:ORCL) will pay about $23 million to resolve charges its units in Turkey, the United Arab Emirates and India used slush funds to bribe foreign officials in return for business, the U.S. Securities and Exchange Commission said on Tuesday.
The SEC said the case is the second time it has charged Oracle for violating the federal Foreign Corrupt Practices Act, an anti-bribery law. Oracle did not admit or deny wrongdoing in agreeing to settle.
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Oracle’s (ORCL) Short-Term Pain Could Be Your Long-Term Gain
By: Schaeffer's Investment Research | September 20, 2022
• Oracle’s Enterprise Resource Planning
Database and cloud solutions provider Oracle (NASDAQ: ORCL) stock got smoked on its fiscal Q1 2023 earnings report. Shares were holding up relatively well until the Company revealed the extent of damage from FX related headwinds. Up until 2022, FX headwinds didn’t really impact stocks too much as the market focused more on the performance in constant currency metrics. However, the aggressive interest rate hikes from the Fed have brought the negative impacts of a strong U.S. dollar to the forefront. This has been painfully made evident by the panic sell-off in various U.S. companies with extensive international business including NVIDA (NASDAQ: NVDA), Salesforce (NYSE: CRM), Netflix (NASDAQ: NFLX), IBM (NYSE: IBM), and Johnson & Johnson (NYSE: JNJ). They have all had to unavoidably cut their forward guidance to some degree. In fact, 30% of the revenues for companies in the S&P 500 (NYSEARCA: SPY) generate revenues outside of the U.S. This will continue to be a concerning trend while the Fed continues to pursue rate hikes to tackle record inflation. The strong U.S. dollar vaporized (-$0.08) per share off Oracle’s earnings, up from the original (-5%) earlier estimate in June, in addition to lowering forward guidance. The Company included performance numbers for its Cerner acquisition in the recent fiscal Q1 2023 earnings release, which helped juice performance. Oracle proves it’s still a leader in the cloud and enterprise resource planning (ERP) segment. The near-term FX related sell-off could be presenting a buying opportunity for long-term investors to stake a position in Oracle.
ORACLE’S ENTERPRISE RESOURCE PLANNING
ERP is a type of business management software that enables real-time analysis, automation, data sharing, and management of an organization’s business processes through a suite of integrated applications. It utilizes robust databases to track a company’s resources across all departments including accounting, purchasing, sales, inventory, order processing, human resources, and manufacturing. It’s literally the central nervous system of an enterprise. Oracle announced expanded relationships for access to its database services for Microsoft (NASDAQ: MSFT) Azure Cloud and Amazon (NASDAQ: AMZN) Cloud platform customers. Oracle is a leading provider of ERP besting its competitor SAP (NYSE: SAP) with notable wins .
Oracle Attractive Pullback Levels
Using the rifle charts on the weekly and daily time frames provides a medium-term view of the price action on ORCL stock. The weekly rifle chart plunged on earnings through the weekly 5-period moving average (MA) at $74.55, and the 15-period MA at $73.40. The swing sits at the $64.14 Fibonacci (fib) level. Shares fell through the weekly market structure low (MSL) buy trigger at $72.85. The weekly 200-period MA support sits at $65.42 and weekly lower Bollinger Bands (BBs) just under the $64.16 fib level. The daily rifle chart breakdown formed as shares collapsed through the daily 5-period MA at $72.86, 15-period MA at $74.02, and the 50-period MA at $75.07. The stochastic crossed back down after rejecting the 40-band. The daily lower BBs got tested at $68.87. It’s important to watch the lower BBs as potential supports as both weekly and daily stochastic have mini inverse pups. Attractive pullback levels sit at the $67.69 fib, $66.73 fib, $64.16 fib, $61.67 fib, and the $60.66 fib level.
Juiced by Cerner
On Sept. 12, 2022, Oracle released its fiscal 2023 first-quarter results for the quarter ended August 2022. The Company reported an earnings-per-share (EPS) profit of $1.03 versus $1.07 consensus analyst estimates, a (-$0.04) miss. Revenues grew 17.7% or 23% in constant currency year-over-year (YoY) to $11.45 billion, beating analyst estimates for $11.44 billion. This includes the figures for Cerner, which delivered its “best revenue quarter in history” according to Oracle CEO Safra Catz. He noted that even without Cerner, Oracle had 8% YoY organic growth. Cloud Revenues grew double digits and its two cloud businesses (infrastructure and applications) now account for 30% of total revenues. The various segments experienced double digit gains including Cloud Infrastructure up 52% or 58% in constant currency adding over 1,000 new customers, Cloud Application up 43% or 48% constant currency, Fusion ERP up 33% or 38% in constant currency, and NetSuite ERP.
Microsoft Azure and Amazon Cloud Multicloud Connect
Oracle Chairman and Co-Founder Larry Ellison chimed in, "In Q1 we expanded our relationship with Microsoft by providing all versions of the Oracle database directly to Microsoft Azure customers. Now all Microsoft customers can directly access the Oracle Exadata Cloud Service, the Oracle Autonomous Database and every other Oracle Database version directly from the Azure Cloud. Today we are also announcing that Amazon Web Services customers can directly access Oracle's MySQL HeatWave database running in the Amazon Cloud. This enables AWS users to run transaction processing, real-time analytics, and machine learning on the single unified MySQL service. MySQL HeatWave delivers 7X better price performance compared to Amazon Redshift and 10X better than Snowflake, 25X faster than Redshift ML, and up to 10X higher throughput than Aurora. See today's MySQL HeatWave press release for customer performance benchmark verification."
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Oracle (ORCL) Given a $82.00 Price Target at Barclays
By: MarketBeat | September 15, 2022
• Oracle (NYSE:ORCL - Get Rating) has been given a $82.00 price objective by equities researchers at Barclays in a research report issued to clients and investors on Thursday, Borsen Zeitung reports. Barclays's target price would suggest a potential upside of 13.70% from the company's previous close...
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Here's Oracle's Must-Hold Support Level After Mixed Earnings Report
By: TheStreet | September 13, 2022
• Oracle stock is wavering following a mixed earnings report. Here's the level it has to hold going forward.
Oracle (ORCL) stock traded higher Monday night and this morning before the open after the software stalwart reported fiscal-first-quarter earnings.
Those premarket gains have turned mixed. Oracle stock opened lower on Tuesday, turned positive and traded as high as 3% at one point. It's now down almost 1% in the session.
The market is under pressure due to a hotter-than-expected inflation reading, while Oracle stock is trying to rally following a mostly solid quarterly result.
The company reported in-line revenue results and a miss on earnings estimates. (It would have been a beat if not for currency headwinds due to Oracle’s acquisition of Cerner.) But the company’s revenue outlook for the second quarter helped reduce investors’ concern.
The technicals were mixed for Oracle stock ahead of the report, so let’s outline the key levels now that the news is out of the way.
Trading Oracle Stock on Earnings
Daily chart of Oracle stock.
Chart courtesy of TrendSpider.com
Today’s mixed price action doesn’t do much to provide clarity to the charts.
Oracle stock made an impressive move from negative territory to positive territory on a day where the selling pressure is heavy.
But the stock didn’t quite make its way to $80, and in the process, it was rejected by the 200-day moving average.
While Oracle is holding up above its short-term moving averages, the $73.50 to $75 zone should be the main focus for the bulls. In this area we find the 50-day moving average and uptrend support (blue line).
These measures have been notable over the past few weeks, but the $73.50 level has been critical. This area has been notable support (in combination with the 50-day and uptrend support), and if it fails, we could be looking at significant selling pressure.
There are a lot of levels to take note of below $73.50, but a move below $69 could very well put the 200-week moving average and possibly the 2022 low at $63.76 in play.
On the upside, $80 and the 200-day moving average are resistance until proven otherwise.
A close above this area opens the door to the key $85 area. This level has been support and resistance over the months and happens to be the 50% retracement of the 52-week range.
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Oracle $ORCL just reported earnings posting numbers of
By: Stock Market News | September 12, 2022
• Oracle $ORCL just reported earnings posting numbers of
EPPS of $1.03 missing expectations of $1.07
Rev of $11.45B missing expectations of $11.46B
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Stock To Watch This Week: Oracle (NYSE:ORCL)
By: Investing.com | September 11, 2022
• Oracle earnings may show its efforts to move customers to the cloud are working.
• Adobe business is being affected by currency fluctuations, seasonal shifts in demand and the decision to end sales in Russia and Belarus.
• Elon Musk's lawyers are claiming that they have found another breach of a contract in Twitter deal.
Inflation and interest rates will likely once again dominate the market trading agenda next week as investors await the August CPI data before the Federal Reserve’s next rate-setting meeting.
Inflation in the U.S. is running close to a four-decade high, pressuring policymakers to continue raising interest rates to reverse the trend. Market participants are expecting the Fed to raise by 75 basis points when its members meet on Sept. 21.
In addition to the monthly CPI release on Tuesday morning, the producer price index inflation reading is scheduled to be released on Wednesday, while retail sales and industrial production reports are due the next day.
Stocks broke a three-week losing streak the past week with the S&P 500 closing at 4,067.6, gaining 3.6% for the week. Amid concerns about inflation and the path of U.S. monetary policy, below are three stocks we’re monitoring closely this week:
Oracle
Software and infrastructure giant Oracle (NYSE:ORCL) is set to release its fiscal 2023, first-quarter earnings report on Monday, Sept.12, after the market close. Analysts are projecting $1.08 a share profit on sales of $11.33 billion.
In June, Austin, Texas-based Oracle reported strong earnings for the previous quarter, showing that its efforts to move customers to the cloud are paying off. Plus, the acquisition of health care records provider Cerner Corp (NASDAQ:CERN). was helping accelerate growth.
Oracle Fair Value per InvestingPro+
Source: InvestingPro+
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 (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), and Alphabet's (NASDAQ:GOOGL) Google.
Cloud sales growth had been greater than 20% since Oracle, the second-biggest software maker by revenue, began disclosing it last year. Oracle shares, which closed on Friday at $75.91, are down 12% this year, faring better than the benchmark Nasdaq Index.
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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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