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Oracle Drops After Getting Passed Over for Cloud Deal
By: Christiana Sciaudone | April 21, 2021
Investing.com -- Oracle (NYSE:ORCL) dropped 3% after losing out on a massive project to provide cloud services for Israel.
The government chose Amazon (NASDAQ:AMZN) Web Services and Google (NASDAQ:GOOGL) over Oracle, Microsoft (NASDAQ:MSFT) and IBM (NYSE:IBM) for a project valued at more than $1 billion for the country's public sector and military, Reuters reported.
A second tender process is underway for additional government cloud projects.
The news brings shares down from a record set Monday, but they are still about 45% higher for the year.
Recently, the U.S. Supreme Court sided with Google in a legal battle with Oracle over Java, owned by Oracle. The court said Google's use of API code from Java was "fair use."
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Oracle Co. (ORCL) Short Interest Update
By: MarketBeat | April 18, 2021
Oracle Co. (NYSE:ORCL) saw a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 23,720,000 shares, a decrease of 21.9% from the March 15th total of 30,360,000 shares. Based on an average daily volume of 12,820,000 shares, the short-interest ratio is currently 1.9 days. Approximately 1.4% of the company's stock are sold short.
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Oracle to Invest $1.2B in Nashville Campus
By: TheStreet | April 15, 2021
• Nashville Mayor John Cooper said Oracle would fund a $1.2 billion campus that will bring thousand of jobs to the city.
Nashville Mayor John Cooper said Wednesday that Oracle, the Austin database-software giant, would fund a $1.2 billion campus in his city.
The campus is set to bring 2,500 jobs to the city by the end of 2027 and “8,500 by the end of 2031, with salaries averaging $110,000 a year, Industrial Equipment News reports, based on documents provided by Cooper's office.
“The company also expects the project to produce about $8.8 million annually in local sales and use taxes,” the mayor's office said.
Oracle's potential investment includes $175 million in public infrastructure, a news release said. The company plans to purchase “a pedestrian bridge over the Cumberland River, environmental cleanup, a sewer-pump tation and a riverfront park,” the mayor's office said.
The company "will pay upfront all the city’s infrastructure costs. This is a huge win for our city,” the mayor added.
Oracle “has requested a public hearing to seek approval of an economic impact plan with the Metro Industrial Development Board,” the release added.
The company “requires the IDB and Metro Council's consent to finalize the plan.”
Oracle shares have been trading at record levels. At last check the shares were up 2.1% at $78.42.
In early March the company reported fiscal-third-quarter adjusted earnings that beat analyst estimates and revenues that met them.
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Insider Selling: Oracle Co. (ORCL) Director Sells 45,000 Shares of Stock
By: MarketBeat | April 10, 2021
Oracle Co. (NYSE:ORCL) Director Jeffrey Berg sold 45,000 shares of the business's stock in a transaction that occurred on Thursday, April 8th. The shares were sold at an average price of $74.53, for a total transaction of $3,353,850.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
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$11.07 Billion in Sales Expected for Oracle Co. (NYSE:ORCL) This Quarter
By: MarketBeat | April 10, 2021
Equities analysts predict that Oracle Co. (NYSE:ORCL) will post sales of $11.07 billion for the current quarter, according to Zacks. Nine analysts have made estimates for Oracle's earnings, with the highest sales estimate coming in at $11.15 billion and the lowest estimate coming in at $10.97 billion. Oracle posted sales of $10.44 billion in the same quarter last year, which suggests a positive year over year growth rate of 6%. The firm is expected to issue its next earnings report on Tuesday, June 15th.
On average, analysts expect that Oracle will report full year sales of $40.32 billion for the current financial year, with estimates ranging from $40.23 billion to $40.40 billion. For the next year, analysts anticipate that the firm will post sales of $41.41 billion, with estimates ranging from $40.76 billion to $42.42 billion. Zacks' sales averages are a mean average based on a survey of sell-side analysts that follow Oracle.
Oracle (NYSE:ORCL) last posted its earnings results on Tuesday, March 9th. The enterprise software provider reported $1.16 EPS for the quarter, beating the Zacks' consensus estimate of $1.11 by $0.05. Oracle had a net margin of 26.34% and a return on equity of 101.26%. The company had revenue of $10.09 billion for the quarter, compared to analysts' expectations of $10.07 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. Oracle's revenue for the quarter was up 3.0% compared to the same quarter last year.
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Oracle (ORCL) Unveils Cloud Lift Services: Major Takeaways
By: Zacks Equity Research | April 5, 2021
Oracle (ORCL) recently launched Oracle Cloud Lift Services for its global Oracle Cloud customer base at no extra cost.
Oracle Cloud Lift Services constitutes technical tools and cloud engineering solutions for performance analysis, application architecture and go-live support to assist clients seamlessly shift their workloads to Oracle Cloud Infrastructure (OCI).
With the new Cloud Lift services, the tech giant will aid customers until the workloads are moved into production as well as train their employees to manage the smooth running of the same on the cloud environment.
Oracle Corporation Price and Consensus
Oracle Cloud Lift Services recently were leveraged by Seattle Sounders FC, Rice University and Cargill.
By providing all technical delivery at a single point of contact, Oracle Cloud Lift Services is expected to increase the adoption of OCI and boost cloud revenues.
This is expected to instil investors’ confidence in the stock. Notably, Oracle’s shares have returned 39.5% compared with the industry’s rally of 47.8%.
Lucrative Cloud Market Bodes Well
Oracle is witnessing healthy adoption of its data cloud solutions, Enterprise Resource Planning (ERP) and Autonomous Database offerings. Moreover, the next-generation autonomous database rolled out by Oracle, which is supported by machine learning (ML), is gaining considerable traction.
New product launches, including new OCI managed services, are likely to boost growth in this category. Autonomous database in Gen2 public cloud infrastructure is also witnessing healthy uptake.
In the third quarter of fiscal 2021, Cloud services and license support revenues increased 5% year over year to $7.252 billion and contributed 72% to total revenues. Autonomous database consumption revenues climbed 55% and annualized consumption revenues for OCI services soared 123% in the last reported quarter.
Going ahead, Oracle’s software-as-a-service (SaaS) and platform-as-a-service (PaaS) products are anticipated to witness strong uptake over the next few years as enterprises increasingly migrate to the cloud in the wake of the pandemic.
Migration of workloads to cloud environment offers organizations with improved scalability, faster deployment, cost efficiency and higher security. The global cloud migration services’ market is expected to witness a CAGR of 28.89% between 2021 and 2026 and reach $448.34 billion, according to a Mordor Intelligence report.
Headwinds Persist
Nevertheless, Oracle needs to watch out for intense competition in the lucrative cloud space from established players like Amazon’s (AMZN) Amazon Web Services (“AWS”), Microsoft’s (MSFT) Azure and Alphabet’s (GOOGL) Google Cloud.
Per a Canalys Report, cloud infrastructure services spending for the fourth quarter of 2020 stood at $39.9 billion, up 32% year over year. AWS along with Azure accounted for more than 50% of the market share. AWS’ share was 31% of the total spending on cloud infrastructure services, while Microsoft Azure’s share came in at 20%.
Also, higher spend on cloud platform amid intensifying competition is likely to put pressure on Oracle’s margin expansion, at least in the near term.
At present, Oracle carries a Zacks Rank #3 (Hold).
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Google Wins Supreme Court Ruling in Dispute With Against Oracle
By: TheStreet | April 5, 2021
• The Supreme Court overturned a 2018 Federal Circuit Court ruling that went against Alphabet’s Google in favor of Oracle.
Alphabet (GOOGL) shares rose on Monday after the Supreme Court, overturning a federal appeals court decision, ruled in its favor in a copyright dispute with fellow tech giant Oracle (ORCL).
The justices determined in a 6-2 vote that Google’s use of Oracle’s software code in creating the Android operating system didn’t violate federal copyright law.
The Supreme Court decision overturned a 2018 ruling against Alphabet's Google subsidiary from the U.S. Court of Appeals for the Federal Circuit in Washington.
Oracle, the Austin software giant, had sought more than $8 billion, and perhaps up to $30 billion, of damages from the Mountain View, Calif., search, advertising and cloud-technology titan, knowledgeable sources told Reuters.
Alphabet recently traded at $2,198, up 3.2%, and Oracle at $73.53, up 2.4%.
Oracle originally sued in 2010, alleging that Google copied 11,330 lines of its Java code. Google holds that it didn’t copy a computer program, using just parts of Java.
Meanwhile, on March 30, Stifel analyst Scott Devitt upgraded Alphabet to buy from hold and lifted his price target to $2,350 from $2,025.
"The resilience and speedy recovery of Alphabet's digital advertising businesses through the course of the pandemic has impressed us," he said.
"The bounce in advertising-dollar flows have followed online consumer engagement, a quick return and redistribution of advertiser appetite, and digital transaction proliferation."
On the Oracle front, last month it reported fiscal third-quarter adjusted earnings that beat analyst estimates and revenue that met them. Adjusted EPS totaled $1.16 vs. $1.11 expected for the quarter ending in February.
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Oracle Is Shifting to the Cloud. It Won’t Be Quick, Analyst Says.
By: Barron's | March 22, 2021
Oracle is in the middle of transitioning its business to the cloud, as Barron’s outlined in a recent cover story. For skeptics on the stock, the question is how long that process will take.
Evercore ISI analyst Kirk Materne addressed that question on Monday, as he resumed coverage of Oracle (ticker: ORCL) with an In Line rating and $66 price target. On Monday afternoon, Oracle stock was flat at $66.27, while the S&P 500 was up 0.9%.
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Oracle Sells $15 Billion of Debt, Drawing Two Credit Rating Cuts
By: Molly Smith | March 23, 2021
(Bloomberg) -- Oracle Corp. sold $15 billion of bonds Monday in the second-largest offering this year, drawing downgrades from Fitch Ratings and Moody’s Investors Service.
While the proceeds will repay debt through next year, it’s a “deviation” from Fitch’s expectation that Oracle will reduce debt upon maturity, according to a statement Monday. Fitch cut the grade one notch to BBB+, three steps above speculative. Moody’s downgraded two levels to Baa2, one notch lower than Fitch’s rating.
The company’s bonds were among the worst performers in the high-grade market Monday. The most actively traded, the 3.6% bonds due 2050, widened 31 basis points to about 144 basis points over Treasuries, according to Trace. The new bonds due 2051 priced at a spread of 155 basis points, according to a person with knowledge of the matter.
The downgrades “may raise new-issue concessions high enough to attract considerable demand,” Bloomberg Intelligence analysts Robert Schiffman and Suborna Panja said in a report before the deal launched. Oracle’s shares were little changed.
Second Biggest
At $15 billion, Oracle’s bond sale is the second-largest this year behind Verizon Communications Inc., which borrowed $25 billion earlier this month to help finance spectrum purchases. Apple Inc. issued $14 billion of bonds last month as it looks to return more cash to shareholders.
Oracle is targeting all of its $1.5 billion of notes due 2021, the $4.25 billion of 1.9% bonds due 2021 and another $2.5 billion due 2022, according to a filing. The proceeds may also be used for stock repurchases, dividends, repaying debt and future acquisitions, among other general corporate purposes.
The software company sold bonds in six parts, and the longest, a 40-year security, will yield 170 basis points above Treasuries, said the person, who asked not to be identified as the details are private. Bank of America Corp., Citigroup Inc., Deutsche Bank AG, JPMorgan Chase & Co. and Wells Fargo & Co. managed the sale, according to the filing.
(Updates with pricing information starting in first paragraph.)
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Dividend Increases: March 6-12, 2021
By: Seeking Alpha | March 17, 2021
Oracle Corporation (ORCL)
ORCL develops, manufactures, markets, sells, hosts, and supplies IT-related application, platform, and infrastructure services to businesses, government agencies, educational institutions, and resellers worldwide. The company also licenses its Oracle Database for storage, retrieval, and manipulation of data. ORCL was founded in 1977 and is headquartered in Redwood City, California.
• On Mar 10, ORCL declared a quarterly dividend of 32¢ per share.
• This is an increase of 33.33% from the prior dividend of 24¢.
• Payable Apr 22, to shareholders of record on Apr 8; ex-div: Apr 7.
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Oracle's Soft Guidance Overshadowed Strong Results
By: IAM Newswire | March 15, 2021
The enterprise-software company announced lower-than-expected quarterly earnings guidance that managed to offset its strong results. Over four decades old Oracle Corporation (NYSE: ORCL) is generating anemic sales growth compared to cloud leaders like Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT). The company is also often criticized for aggressive buybacks and not growing its core business instead. However, it has remained much more resilient than other aging tech giants like IBM (NYSE: IBM).
Q3 figures
Revenue for the fiscal third quarter that ended on February 28th was $10.09 billion. This is an increase of 3% from last year's quarter which is in line with the company's forecast of 2% to 4% growth. It also exceeded Street forecasts that averaged $10.07 billion. Adjusted profits increased 20% as they amounted to $1.16 a share.
Slow and steady didn't win the cloud race
Like its peers, Oracle saturated its core market over the past few decades and then that same market was disrupted by cloud-based services which were easier to scale than on-premise software. Microsoft managed to adapt to this new environment but even though Oracle's turnaround efforts were more successful than IBM's, its results are far less impressive than Microsoft's.
Oracle's turnaround included two main strategies: it shifted its on-site database and enterprise software toward cloud-based services while aggressively acquiring other cloud-based companies to expand its ecosystem. Those efforts gradually paid off, and Oracle's revenue rose 2% YoY in the first half of fiscal 2021 which started last May as the growth of its cloud services offset the sluggishness of its on-premise business. Analysts expect its revenue to rise about 3% in both fiscal 2021 and 2022 as they are focusing on Oracle's core strengths.
Stable operating margins
Oracle's non-GAAP operating margin for 2020 was 44%, just as it was in 2019. During the first half of fiscal 2021, operating margin expanded from 42% to 46% YoY as operating expenses shrank 5%. Rising margins indicate both that Oracle isn't spending too much cash on its cloud-based transformation, and that it still enjoys plenty of pricing power in its competitive environment.
Its buybacks were beneficial
Oracle has been severely criticized for its aggressive buybacks that used up all of its free cash flow over the past year. But, this strategy was deployed to squeeze out EPS growth from its stagnant revenue. If we put the criticism aside, these well-timed buybacks are a refreshingly honest and effective strategy compared to what tech companies usually do which is use buybacks to offset dilution from stock-based bonuses. What Oracle managed to do through these buybacks is reduce its outstanding share count by nearly 42% over the past ten years. By contrast, IBM significantly reduced its buybacks over the past two years and it is still struggling with sliding revenue and profits.
A comfortable cash cushion
Oracle still has plenty of cash to deploy on investments, acquisitions, dividends, and buybacks. Therefore, it is well-positioned to withstand the next economic downturn, as younger tech companies with more fragile balance sheets resort to secondary offerings and other tactics to stay afloat. In these uncertain times, this is a major strength.
Outlook
Oracle's stock price rallied 75% over the past half of a decade, and it did deliver a total return of about 90% after including reinvested dividends. Although these wins are pale when compared to Microsoft (NASDAQ: MSFT) and Amazon's (NASDAQ: AMZN) triple-digit percentages during the same period, it may be a case of the tortoise versus the hare. So, just because Oracle isn't an ideal investment for growth-oriented investors does not mean it should be ignored.
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Is Oracle Corporation (ORCL) a Leader in the Technology Sector?
By: InvestorsObserver | March 11, 2021
Oracle Corporation (ORCL) is near the top in its sector according to InvestorsObserver.
ORCL gets an overall rating of 95. That means it scores higher than 95% of stocks.
Oracle Corporation gets a 97 rank in the Technology sector. Technology is number 4 out of 11 sectors.
What do These Ratings Mean?
Searching for the best stocks to invest in can be difficult. There are thousands of options and it can be confusing on what actually constitutes a great value. Investors Observer allows you to choose from eight unique metrics to view the top industries and the best performing stocks in that industry. A score of 95 would rank higher than 95 percent of all stocks.
Our proprietary scoring system captures technical factors, fundamental analysis and the opinions of analysts on Wall Street. This makes InvestorsObserver’s overall rating a great way to get started, regardless of your investing style.
Percentile-ranked scores are also easy to understand. A score of 100 is the top and a 0 is the bottom. There’s no need to try to remember what is “good” for a bunch of complicated ratios, just pay attention to which numbers are the highest.
What's Happening With Oracle Corporation Stock Today?
Oracle Corporation (ORCL) stock is down -6.8% while the S&P 500 has risen 1.36% as of 1:59 PM on Thursday, Mar 11. ORCL has fallen -$4.91 from the previous closing price of $72.12 on volume of 27,623,824 shares. Over the past year the S&P 500 has gained 44.16% while ORCL has risen 50.31%. ORCL earned $4.19 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 16.08.
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Why Shares Of Oracle Are Down By 8% Today?
By: Vladimir Zernov | March 11, 2021
• The stock is under strong pressure in today’s trading session.
Oracle Stock Falls After The Release Of Quarterly Report
Shares of Oracle gained strong downside momentum and are down by 8% in today’s trading session after the company provided its quarterly report.
Oracle reported revenue of $10.1 billion and GAAP EPS of $1.68 per share, beating analyst estimates on both earnings and revenue. The company announced that it increased its quarterly dividend from $0.24 per share to $0.32 per share.
At current levels, the stock yields 2.13%. While this yield is not sufficient enough to attract yield-hunters, the 33.3% increase of the dividend was certainly good news for current shareholders.
In addition to raising the dividend, the company’s Board of Directors increased the share repurchase program by $20 billion.
Interestingly, solid results, higher dividend and the increase of share repurchase program failed to provide support to the stock which found itself under strong pressure after the release of the quarterly report.
What’s Next For Oracle?
Shares of Oracle rallied at the beginning of March on expectations of a strong quarterly report. The report brought good news, but it was not sufficient enough for investors who remained focused on finding high-growth companies.
The stock traded at all-time high levels before the release of the quarterly report, and it looks that the market expected more than a dividend increase and an expansion of the share buyback program.
At the same time, it should be noted that Oracle offers stable growth and reasonable valuation compared to many peers. The stock is trading at less than 15 forward P/E which may attract investors who are searching for cheaper plays in the tech sector.
While the market has generally favored higher-growth, expensive stocks in recent years, the situation may change if Treasury yields continue to move higher and traders start to pay more attention to valuations. In this scenario, shares of Oracle will likely get additional support.
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Oracle (ORCL) Stock Pulls Back Despite Earnings Win, Bull Notes
By: Schaeffer's Investment Research | March 11, 2021
• The tech giant earned no fewer than five price-target hikes this morning
• The security sports attractively priced premiums at the moment
The shares of Oracle Corporation (NYSE:ORCL) are down 6.6% at $67.36 at last check, despite the tech giant reporting better-than-expected fiscal third-quarter earnings of $1.16 per share -- higher than Wall Street's estimates of $1.11 per share -- as well as a revenue beat. And while its cloud division missed expectations, the company attributed the upbeat results to strong demand for its cloud computing services, as remote working became more prevalent during the Covid-19 pandemic.
Despite this morning's dip, the brokerage bunch is responding with optimism. The security earned at least five price-target hikes this morning, including one from Monness Crespi Hardt to $93 from $82. It also received one price-target cut from BMO to $79 from $80. Analysts were skeptical towards ORCL coming into today, with 14 of the 22 in coverage carrying a tepid "hold" rating, while eight say "buy" or better. Plus, the 12-month consensus target price of $68.82 is a slim 3.6% premium to current levels.
Just yesterday, the equity nabbed a fresh all-time high of $73.60. And while shares are now cooling off, the 60-day moving average has been a consistent source of support, and looks poised to contain today's pullback. Year-over-year, ORCL is still up 48.8%.
Meanwhile, the options pits are firmly in the bullish camp, with calls popular. This is per the stock's 50-day call/put volume ratio of 4.91 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which sits higher than 92% other readings from the past year. In simpler terms, calls are being picked up at a faster-than-usual pace.
Drilling down to today's options activity, 44,000 puts and 72,000 calls have crossed the tape already, which is seven times the intraday average. Most popular is the 3/12 67-strike call, followed by the 65-strike put in the same weekly series, with new positions currently being opened at both.
Now could be a great opportunity to weigh in on ORCL's next move with options. The stock's Schaeffer's Volatility Index (SVI) of 42% sits in the relatively low 20th percentile of its annual range. This means the security sports attractively priced premiums at the moment.
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Oracle’s Low Bar Is Rising
By: WSJ | March 8, 2021
• The software giant’s stock has been the best performer in tech ahead of its next earnings report
Tech investors have been going old-school of late. Oracle Corp. ORCL -8.44% will be the first to educate them on the wisdom of their bets.
The 43-year-old software giant heads into its fiscal third-quarter report this week in the rare position of being the hottest tech stock around. By Friday’s close, Oracle shares had jumped more than 8% for the week and are up more than 10% over the past month.
That makes Oracle a notable standout in a market that has suddenly taken to disfavoring many tech names—including the biggest. The Nasdaq is down 7% over the past month while the big-tech cohort of Apple Inc., Microsoft Corp. , Amazon.com Inc., Facebook Inc. and Google parent Alphabet Inc. averaged a drop of more than 5% in that time.
Investors generally have been spooked by rising bond yields and have been rotating out of high-valued names into more downtrodden ones. Oracle could certainly qualify as the latter, with its stock commanding less than 14 times forward earnings just a month ago—one of the lowest multiples in the software category. Other older, lesser-valued techs also have enjoyed a resurgence of late. Cisco Systems Inc., HP Inc. and International Business Machines Corp. averaged a 3% gain last week.
Oracle, however, also is believed to be at the beginning of an improving cycle of growth, as more of its traditional software business has slowly transitioned to the cloud. When the company reports results Wednesday afternoon, Wall Street expects revenue of $10 billion for the quarter ended in February, up nearly 3% year over year.
That sounds anemic next to the double-digit growth rates that even bigger software players such as Microsoft and Amazon’s AWS cloud-computing business have been generating of late. But it would be Oracle’s best growth rate in three years. Analysts also see the trend continuing. Revenue over the next four quarters is projected to average 2.7% growth year over year, according to FactSet. The most recent four quarters averaged a decline of 0.2%.
Oracle’s current reporting methodology makes its cloud business hard to decipher, as much of its recurring cloud-related revenue is lumped in with revenue from supporting its traditional software-licensing business. “However, we believe the ‘good’ cloud products are now big enough to offset the headwinds from the dwindling products, pushing overall growth higher,” wrote Barclays analyst Raimo Lenschow in a note upgrading Oracle to an “outperform” rating on Friday. Mr. Lenschow estimates that about two-thirds of Oracle’s stated cloud revenue now stems from “growth products, which means cloud revenue should accelerate going forward.”
Investors should note that Oracle has a mixed record when it comes to pleasing Wall Street. The stock price has dropped following eight of the past 12 quarterly reports, according to FactSet. Still, last year’s third-quarter report sparked the stock’s biggest single-day gain in more than a decade, as better-than-expected results came with a boosted share-buyback program. This time around, Oracle’s growth will need to speak louder than its checkbook.
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Oracle (ORCL) Price Target Increased to $80.00 by Analysts at BMO Capital Markets
By: MarketBeat | March 9, 2021
Oracle (NYSE:ORCL) had its target price raised by investment analysts at BMO Capital Markets from $64.00 to $80.00 in a note issued to investors on Tuesday, The Fly reports. The firm currently has a "market perform" rating on the enterprise software provider's stock. BMO Capital Markets' price objective points to a potential upside of 10.86% from the stock's current price.
ORCL has been the topic of a number of other research reports. Cleveland Research downgraded shares of Oracle from a "buy" rating to a "neutral" rating in a research note on Tuesday, December 8th. Monness Crespi & Hardt upgraded shares of Oracle from a "neutral" rating to a "buy" rating and set a $82.00 target price on the stock in a research note on Friday, December 18th. Piper Sandler boosted their target price on shares of Oracle from $50.00 to $57.00 and gave the company a "neutral" rating in a research note on Friday, December 11th. Royal Bank of Canada boosted their target price on shares of Oracle from $68.00 to $71.00 and gave the company an "outperform" rating in a research note on Friday, December 11th. Finally, The Goldman Sachs Group initiated coverage on shares of Oracle in a research note on Thursday, January 21st. They issued a "sell" rating and a $60.00 target price on the stock. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have given a buy rating to the stock. Oracle has an average rating of "Hold" and an average price target of $67.16.
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A Look At The Fair Value Of Oracle Corporation (NYSE:ORCL)
By: Simply Wall St | March 3, 2021
What's the estimated valuation?
We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To start off with, we need to estimate the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.
A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value:
* * *
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What's Next for Oracle?
By: Zacks Investment Research | March 10, 2021
While Oracle has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Oracle was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
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Oracle Corporation (ORCL) - Daily Chart
By: finviz | March 10, 2021
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Oracle (ORCL) Beats Earnings Estimates, Meets on Revenue
By: TheStreet | March 10, 2021
• Oracle reported that cloud services and license support grew 5% year-over-year to $7.3 billion, representing 72% of the company’s revenues.
Oracle (ORCL) reported fiscal third-quarter adjusted earnings that beat analyst estimates and revenues that met them on Wednesday after the close.
The cloud giant reported adjusted EPS of $1.16 vs. $1.11 expected for the quarter ending in February, while revenues of $10.1 billion were in-line with estimates. Adjusted earnings increased 20% from the same period last year, while revenues increased 3%.
Shares of Oracle were down 2.8% to $70.20 after-hours Wednesday after falling 0.6% during the day. Shares closed at a new high of $72.64 on Tuesday, and are up almost 49% over the last 12 months.
For the quarter, cloud services and license support grew 5% year-over-year to $7.3 billion, representing 72% of the company’s revenues. Cloud license and on-premise license revenue grew 4% to $1.3 billion, representing 13% of revenues.
The company reported that its Gen2 Cloud Infrastructure revenue increased over 100%, while its Fusion Cloud ERP revenue grew 30% and its NetSuite Cloud ERP sales were up 24%.
"Oracle's rapidly growing highly-profitable, multi-billion dollar cloud ERP businesses helped drive subscription revenue up 5% and operating income up 10% in the quarter," said Oracle CEO Safra Catz in a statement. "Subscription revenue now accounts for 72% of Oracle's total revenues, and this highly-predictable recurring revenue-stream along with expense discipline are enabling double-digit increases in non-GAAP earnings per share."
The company also announced it had increased the authorization for share repurchases by $20 billion, and raised its quarterly cash dividend to $0.32 per share from the current $0.24. The increased dividend will be paid to stockholders of record as of the close of business on April 8, with a payment date of April 22, 2021.
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$ORCL | #Oracle New All Time High On The Way
Potential long entry above $61.00
Reasonable upside target short term $65.00
Very much depends on market strength
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