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Oracle Corp. $ORCL Testing that gap, possible short if it gets into it
By: Options Mike | July 9, 2023
• $ORCL Testing that gap, possible short if it gets into it.
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Oracle Insider Trading Alert: Oracle Founder and Chairman Larry Ellison sold shares of $ORCL worth approximately $208 million
By: Barchart | July 1, 2023
• Oracle Insider Trading Alert
Oracle Founder and Chairman Larry Ellison sold shares of $ORCL worth approximately $208 million. He used options to acquire these shares for roughly $52.7 million. This marks his 2nd large sale this month as he sold $640 million worth on June 22.
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Oracle spending 'billions' on Nvidia chips this year - Ellison
By: Stephen Nellis | June 28, 2023
MENLO PARK, California (Reuters) - Oracle Corp (NYSE:ORCL) is spending "billions" of dollars on chips from Nvidia (NASDAQ:NVDA) Corp as it expands a cloud computing service targeting a new wave of artificial intelligence (AI) companies, Oracle founder and Chairman Larry Ellison said on Wednesday.
Oracle's cloud division is working to gain ground against larger rivals such as Amazon (NASDAQ:AMZN) Web Services and Microsoft Corp (NASDAQ:MSFT). To get an edge, Oracle has focused on building fast networks that can shuffle around the huge amount of data needed to create AI systems similar to ChatGPT.
Oracle is also buying huge numbers of graphics processing units (GPUs) designed to crunch that data for AI work.
Oracle is also spending "billions" of dollars on Nvidia chips but even more on central processor units (CPUs) from Ampere Computing, a chip startup it has invested in, and Advanced Micro Device Inc, Ellison said at an Ampere event.
"This year, Oracle will buy GPUs and CPUs from three companies," Ellison said. "We will buy GPUs from Nvidia, and we're buying billions of dollars of those. We will spend three times that on CPUs from Ampere and AMD. We still spend more money on conventional compute."
Oracle said last month it had struck a deal with Cohere, an AI startup founded by ex-Google engineers, under which Cohere will offer its AI software running on supercomputers inside Oracle's data centers with as many as 16,000 Nvidia chips each.
Other companies such as CoreWeave, which earlier this year raised a fresh $200 million of funding, are also targeting AI companies with cloud hardware that relies heavily on Nvidia chips.
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ORCL $1.2 Million Call • Strike: 115 • Expiration: 12/15/23
By: Cheddar Flow | June 26, 2023
• $ORCL $1.2M Call
Strike: 115
Expiration: 12/15/23
*At the Ask*
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Oracle $ORCL insiders sold a ton of shares this week, including a whopping $848 MILLION from the CTO and former CEO Larry Ellison.
By: TrendSpider | June 25, 2023
• $ORCL Oracle insiders sold a ton of shares this week, including a whopping $848 MILLION from the CTO and former CEO Larry Ellison.
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Michael J. Boskin Sells 90,000 Shares of Oracle Co. (ORCL) Stock
By: MarketBeat | June 24, 2023
• Oracle Co. (NYSE:ORCL) Director Michael J. Boskin sold 90,000 shares of the business's stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $118.83, for a total value of $10,694,700.00. Following the completion of the sale, the director now owns 87,473 shares of the company's stock, valued at approximately $10,394,416.59. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink...
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$ORCL Insiders at Oracle cashed in over $87,000,000 with the stock hitting new all-time highs.
By: TrendSpider | June 22, 2023
• $ORCL Insiders at Oracle cashed in over $87,000,000 with the stock hitting new all-time highs.
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Neville Rodie & Shaw Inc. Decreases Stake in Oracle Co. (ORCL)
By: MarketBeat | June 16, 2023
• Neville Rodie & Shaw Inc. decreased its holdings in shares of Oracle Co. (NYSE:ORCL) by 2.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,090 shares of the enterprise software provider's stock after selling 3,501 shares during the quarter. Oracle comprises about 1.1% of Neville Rodie & Shaw Inc.'s portfolio, making the stock its 25th biggest holding. Neville Rodie & Shaw Inc.'s holdings in Oracle were worth $12,553,000 at the end of the most recent quarter...
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$ORCL Opening OTM sweepers active in the 06/30 $128 CALLS
By: FLOWrensics | June 14, 2023
• $ORCL Opening OTM sweepers active in the 06/30 $128 CALLS.
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$ORCL & $ADBE $1 Million+ Calls
By: Cheddar Flow | June 14, 2023
• $ORCL & $ADBE $1M+ Calls
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Oracle teams up with Cohere to deliver powerful generative AI services for business
By: Investing.com | June 13, 2023
Oracle (NYSE:ORCL) announced plans to develop powerful, generative AI services for organizations, in collaboration with Cohere, a leading AI platform for enterprises. This collaboration aims to automate business processes, improve decision-making, and enhance customer experiences.
Leveraging Oracle Cloud Infrastructure (OCI) and Supercluster capabilities, the services will prioritize security, performance, and value.
"Only Oracle can offer a complete, end-to-end platform for generative AI, with advanced security, best-in-class data management, and a comprehensive portfolio of cloud applications able to address any business problem," said Clay Magouyrk, executive vice president, Oracle Cloud Infrastructure.
By integrating Cohere's models into Oracle's business applications, including Oracle Fusion Cloud Applications, Oracle NetSuite, and Oracle industry-specific applications, customers can quickly deploy generative AI to address their business challenges.
Oracle reported its Q4 earnings yesterday, with EPS and revenues coming in above the consensus estimates. Following the report, the company earned upgrades from several Wall Street firms, such as Goldman Sachs, Wolfe Research and CFRA.
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Oracle (ORCL) earnings impress Wall Street analysts
By: Investing.com | June 13, 2023
Oracle (NYSE:ORCL) reported earnings for its latest quarter after the close Monday, topping profit and revenue expectations.
The software vendor posted Q4 earnings of $1.67 per share, $0.09 better than the analyst estimate of $1.58, while revenue for the quarter came in at $13.8 billion versus the consensus estimate of $13.74 billion.
Oracle shares are up more than 5% premarket, trading close to the $123 mark.
Here's how Wall Street analysts reacted:
Goldman Sachs analysts said his firm is upgrading ORCL to Neutral with a $120 price target.
"We are upgrading Oracle to Neutral (from Sell) after a solid F4Q print and 1Q guide that alleviated concerns key to our Sell thesis, which centered primarily on mounting CapEx requirements to sustain growth in Gen2 OCI (while also diluting gross margin) and unabating market share losses in the Oracle's core database business," they wrote.
"Coming off the 4Q print, we were encouraged by the pronounced step-up in IaaS revenue growth to +77% (CC) vs. high-50's from 1Q-3Q which we took as a clear signal that Oracle's advertised price/performance advantage vs. the Hyperscalers is resonating w/ the market (both net new and existing customers), which should position the company for durable share gains despite its late entry into IaaS."
Wolfe Research analysts maintained an Outperform rating but lifted the price target on ORCL to $140 from $130.
"ORCL reported a strong F4Q23 with OCI / IaaS Revenue, FCF, and EPS ahead of expectations. FY24 guidance on Cloud and IaaS were both ahead of our and investor expectations on the back of AI driving OCI tailwinds," they said in a note.
Deutsche Bank analysts kept a Buy rating on the stock but raised the price target to $135 from $120.
"Oracle delivered strong F4Q results driven by robust demand across the portfolio and in particular, OCI accelerating to +77% y/y cc (from +57% last Q)," they stated. "Very importantly, the company expects to sustain its organic ~30% (ex Cerner) cloud growth rate in FY24, with upside dependent on the ability to roll out capacity."
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Earnings Preview: Will Oracle (ORCL) Live Up to Cautious Optimism?
By: 24/7 Wall St. | June 9, 2023
Oracle Corp. (NYSE: ORCL) is scheduled to report its fiscal fourth-quarter financial results on Monday. Analysts expect to see $1.58 in earnings per share (EPS) on $13.73 billion in revenue. That earnings estimate is the same as 60 days ago. The same period of last year had EPS of $1.54 and $11.84 billion in revenue. The company posted modest earnings surprises in the prior two quarters.
Over the past 52 weeks, the stock is up roughly 48%. However, it is up only closer to 31.5% year to date.
Despite a strong run, this top software stock is still offering a good entry point. Oracle develops, manufactures, markets, sells, hosts and supports database and middleware software, application software, cloud infrastructure, hardware systems and related services worldwide.
The company licenses its Oracle Database software to customers, which is designed to enable reliable and secure storage, retrieval and manipulation of various forms of data. Its Oracle Fusion Middleware software aims to build, deploy, secure, access and integrate business applications, as well as automate their business processes.
Last year, Oracle and Cerner closed an agreement for the former to acquire the latter through an all-cash tender offer for $95 per share, or approximately $28.3 billion in equity value. Cerner is a leading provider of digital information systems used within hospitals and health systems to enable medical professionals to deliver better health care to individual patients and communities.
A few analysts recently came out in favor of the stock:
• Barclays maintained a Buy rating and raised its price target to $113 from $85 on June 7.
• Jefferies maintained a Buy rating and raised its $105 price target to $125 on June 5.
• KeyCorp maintained an Overweight rating and raised its $98 price target to $105 on April 20.
• UBS maintained a Neutral rating but raised its price target to $90 from $87 on March 24.
The company currently offers a dividend of roughly 1.5%, or $1.60. It has a market cap of $290.2 billion.
Friday morning, shares of Oracle were trading up 2% at $109.67, in a 52-week range of $60.78 to $110.14. The consensus price target is $100.62, which implies downside of 6.4% from the most recent closing price of $107.48.
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Analysts boost Oracle stock targets into Q4 results
By: Investing.com | June 9, 2023
Oracle (NYSE:ORCL) is moving modestly higher in pre-market Friday after several Wall Street analysts raised their price target on the stock.
While Oracle has outperformed the Nasdaq index year-to-date, the company’s stock underperformed peers like Microsoft (NASDAQ:MSFT) and ServiceNow (NYSE:NOW).
Oracle is scheduled to report on Monday, June 12. Its stock hit a fresh record high on Thursday.
Citi analysts hiked the price target by $20 to $106 per share but remain Neutral-rated.
“Heading into Q4 we see a fairly balanced set-up with reseller survey mixed and ongoing macro headwinds, though we note intra-Q conference inputs were stronger on cloud with uptake of maintenance->cloud discount conversion program,” they said in a client note.
“We maintain our Neutral rating, awaiting more confidence in modernization of on-prem database workloads + OCI margin upside, which could be dependent on uptake of higher margin PaaS/DB services.”
Piper Sandler analysts raised the target to $130 per share.
“We have increasing conviction in our bull-thesis that a cloud shift can improve revenue growth rates and drive a return to double-digit EPS growth,” they wrote.
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Oracle (ORCL) 'continues to offer a strong risk-reward profile' - Mizuho
By: Investing.com | June 8, 2023
Mizuho analysts told investors in a note Thursday that they expect Oracle (NYSE:ORCL) to deliver a strong quarter.
The analysts, who have a Buy rating and a $116 price target on the stock, see Oracle delivering FQ4 revenue and EPS above consensus, driven by its strong cloud business.
"Although consensus for Cloud Services and Support revenue implies accelerating growth of 21% Y/Y, our checks indicate that both Fusion applications and OCI continue to gain traction," said the analysts.
"Despite the uncertain macro, demand for back-office applications remains robust with strong cloud migration."
They added that even though the stock has moved higher, they "believe ORCL, trading at 18x NTM P/E vs peers at 26x, continues to offer a strong risk-reward profile with its accelerating growth and AI exposure."
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Options Bulls Doubled Their Money with this Oracle (ORCL) Stock Call
By: Schaeffer's Investment Research | May 31, 2023
• Traders collected a 100% profit with our ORCL recommendation
• At the time of our recommendation, ORCL had plenty of technical support in place
Last week, Schaeffer's Option Advisor subscribers doubled their money with our suggested Oracle Corp (NYSE:ORCL) August 92.50 call. Below, we'll dive into the telling points for this bullish bet on the software stock.
At the time of our recommendation on Thursday, April 27, ORCL had been charging up the charts since its September 2022 bottom, up 16% in 2023. The shares pulled back to support at their 30-day moving average, which was also the site of both previous support and resistance late last year. We also noted the equity's market cap near the round $250 billion level, which the stock later moved past at $92.60.
ORCL was also sitting above its February and March highs at $91, with ample room for upgrades on the analyst front. At that point, 13 of the 24 covering brokerages carried a tepid "hold" or worse rating. Short interest had increased both long term and in the two most recent reporting periods, up nearly 14% during the latter. A lower IV reading was also on deck for the shares, making it the ideal time to buy ORCL premium.
On April 27 when the trade was entered, ORCL was trading at $95.04. Since then, the stock has rallied to levels not seen since its December 2021 record high of $106.34, trading at $105.89 at last glance. We exited the position with a closing price of $104.08, allowing subscribers to collect a 100% profit.
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NBT Bank N A NY Decreases Stock Position in Oracle Co. (ORCL)
By: MarketBeat | May 27, 2023
• NBT Bank N A NY cut its stake in Oracle Co. (NYSE:ORCL) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,802 shares of the enterprise software provider's stock after selling 1,459 shares during the period. NBT Bank N A NY's holdings in Oracle were worth $3,417,000 at the end of the most recent quarter...
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Oracle Corp. (ORCL) Earnings coming looks like it wants to run into it
By: Options Mike | May 7, 2023
• $ORCL breaking out, nice volume on this move
Earnings coming looks like it wants to run into it.
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ORCL Repeat sweepers in 05/19 $97 CALLS Attempting to break out of consolidation
By: FLOWrensics | May 5, 2023
• $ORCL Repeat sweepers in 05/19 $97 CALLS
Attempting to break out of consolidation.
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$ORCL Oracle CEO Safra Catz cashed out over $470 million in shares this week
By: TrendSpider | April 14, 2023
• $ORCL Oracle CEO Safra Catz cashed out over $470 million in shares this week.
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Oracle Corp. (ORCL) Shares Are Under Heavy Demand
By: Lucas Downey | April 10, 2023
• Oracle Corp. (ORCL) has surged in 2023, jumping 17%. One chart tells the story: heavy demand for the shares.
Oracle Shares Attract Big Money
So, what’s Big Money? Said simply, that’s when a stock pushes higher alongside chunky volumes. It’s indicative of institutions betting on the shares.
Smart money managers are always looking for the next up-trending stock. And ORCL has many fundamental qualities that are attractive.
But how the shares have been trading points to strong investor appetite. As I’ll show you, the Big Money has been consistent in the shares.
Each green bar signals big trading volumes as the stock ramped in price:
Source: www.mapsignals.com
Since October the shares attracted 9 unusual buy signals. Demand for the stock has been high. Those repeated green bars could mean more upside is ahead.
Now, let’s check out the fundamental action grabbing my attention:
Oracle Fundamental Analysis
Next, it’s a good idea to check under the hood. Meaning, I want to make sure the fundamental story is supportive too. As you can see, Oracle grew sales on a 1-year basis. The firm is expected to grow EPS at a healthy clip too. Take a look:
• 1-year sales growth rate (+4.8%)
• 1-year estimated EPS growth rate (+11.3%)
Source: FactSet
Marrying strong fundamentals with technically superior stocks is a winning recipe over the long-term.
In fact, ORCL has been a top-rated stock at my research firm, MAPsignals. That means the stock has buy pressure and healthy fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.
Follow the Big Money.
Oracle Price Prediction
The Oracle rally could have further to go. Healthy buying in the shares is signaling to take notice. Shares could be positioned for further upside.
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Dash Acquisitions Inc. Acquires Shares of 2,529 Oracle Co. (ORCL)
By: MarketBeat | March 22, 2023
• Dash Acquisitions Inc. acquired a new stake in shares of Oracle Co. (NYSE:ORCL) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 2,529 shares of the enterprise software provider's stock, valued at approximately $207,000...
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Oracle Co. (ORCL) Given Average Recommendation of "Moderate Buy" by Analysts
By: MarketBeat | March 20, 2023
• Oracle Co. (NYSE:ORCL) has been assigned an average recommendation of "Moderate Buy" from the twenty-eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $95.15...
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