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Why Oracle Stock Is Up By 15% Today
By: Vladimir Zernov | December 10, 2021
• The stock made an attempt to settle above $105.
Oracle Stock Rallies As Quarterly Report Exceeds Analyst Estimates
Shares of Oracle gained strong upside momentum after the company released its quarterly report. Oracle reported revenue of $10.4 billion and adjusted earnigns of $1.21 per share, beating analyst estimates on both earnings and revenue.
Oracle stated that the board of directors increased the share buyback program by $10 billion, which will provide additional support to the company’s shares.
In the next quarter, Oracle expects to report adjusted earnings of $1.14 – $1.18 per share, in line with the analyst consensus. The company plans to grow its revenue by 3% – 5%.
In the earnings press release, Oracle highlighted growth opportunities for its cloud infrastructure business. The market clearly agrees with the company, sending its shares above the $100 level after the release of the earnings report.
What’s Next For Oracle Stock?
Currently, analysts expect that Oracle will report earnings of $4.7 per share in the current year and $5.16 per share in the next year, so the stock is trading at roughly 20 forward P/E, which looks relatively cheap in the current market environment.
Analysts rushed to update their price targets after the strong quarterly report, providing additional support to the stock. The expansion of the buyback program will serve as a longer-term positive catalyst.
Demand for tech stocks remains strong, which is bullish for Oracle. It remains to be seen whether this demand will stay strong when the Fed starts raising rates in 2022, but Oracle’s reasonable valuation should provide some support in case of a sell-off in the tech segment.
In the near term, Oracle stock may face a temporary pullback due to profit-taking. However, the fundamental story remains strong while valuation is attractive compared to many alternatives in the tech space, so Oracle stock has a decent chance to gain sustainable upside momentum in the upcoming weeks.
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Oracle Stock Surges, With Record High In Sight, On Cloud-Driven Q2 Earnings Beat
By: TheStreet | December 10, 2021
• Oracle shares will test their all-time highs Friday following stronger-than-expected second quarter earnings and a robust outlook for cloud services demand.
Oracle (ORCL) shares surged higher Friday, potentially testing their all-time high, after the cloud-focused software group posted better-than-expected second quarter earnings and a robust near-term outlook.
Oracle, which earns the bulk of its revenues from its cloud services and license support unit, beat Street earnings forecasts by a dime with an adjusted second quarter bottom line of $1.12 per share.
Cloud division revenues topped $7.5 billion as companies continue to spend on hybrid work solutions in a post-pandemic world, while overall revenues grew by 6% to $10.4 billon. Profit margins in the cloud unit were pegged at a staggering 84%, but some analysts noted that the cloud division growth rate lagged notably behind rivals such as Salesforce (CRM) and SAP (SAPGF).
Bookings grew at an even faster pace, rising 11% from last year's levels, giving Oracle the confidence to forecast current quarter revenues in the region of $10.7 billion to $10.9 billion, based on growth forecasts, with profits of between $1.19 and $1.23 per share.
"We have a highly differentiated strategy from our competitors where we are the only company able to offer the combination of applications and infrastructure in the cloud," CEO Safra Catz told investors on a conference call late Thursday. We have best-of-breed capabilities in both infrastructure and apps, but also a highly differentiated set of industry-specific cloud SaaS applications. And of course, our second-generation cloud with autonomous database are unique in their performance, security and dependability."
"Cloud is fundamentally a more profitable business compared to on-premise, and I expect that our operating margins this year will be the same or better than pre-pandemic levels of 44%,' Catz noted.
Oracle shares were marked 13.8% higher in to indicate an opening bell price of $101.00 each, an all-time high and a move that would extend the stock's six-month gain to around 23%.
"These results and guidance reinforce our belief that Oracle is well-positioned to emerge as the #3 or #4 vendor in the (cloud services market) market and as the #2 vendor in the (software as a service ) market - enabling the company to reaccelerate revenue growth for multiple years," said Credit Suisse analyst Phil Winslow, who carries a $110 price target and an 'outperform' rating on the stock.
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Oracle (ORCL) Earnings Up On a Big Jump in Cloud Revenue
By: TheStreet | December 9, 2021
• Oracle stock was up more than 10% in after-hours trading after the company reported strong quarterly results.
Oracle (ORCL) reported that total revenue grew by 6% to $10.4 billion driven by a 22% gain in cloud revenue to $2.7 billion.
The Austin-based company delivered $1.21 per share in earnings on a non-GAAP basis, a 14% increase over the year-ago period. The revenue number was an increase from $9.8 billion a year ago and above analyst expectations of $10.21 billion. Projections for earnings per share were at $1.11.
Cloud services and license support revenue was up 6% year over year at $7.55 billion while revenue from cloud license and on-premises license was up 13% at $1.24 billion. Oracle predicts that this cloud services and license support will grow by another 6% to 8% in the next quarter.
"These strong results are being driven by the 22% growth of our infrastructure and applications cloud businesses which are approaching $11 billion in annualized revenue," said CEO Safra Catz in the earnings release. "We now have 8,500 Fusion ERP customers with revenue growing 35%, 28,400 NetSuite ERP customers with revenue growing 29%, and our Gen2 infrastructure businesses are growing even faster—and accelerating."
Oracle stock is up 10.12% in after-hours trading after the tech giant reported earnings that beat analyst estimates.
Technically, Oracle Lost Money
That said, Oracle did register a loss of $1.25 billion from net income of $2.44 billion a year ago after the company made a judgment to settle a dispute regarding its hiring of former co-CEO Mark Hurd.
The strong numbers are, in large part, due to consumers spending more on cloud services amid the pandemic and increased working from home even as the company also reported that 75% of its Enterprise Resource Planning customers have not yet transitioned to cloud.
The company also announced plans to open data centers in Colombia, Israel, Italy, France, Mexico, Singapore, South Africa, and Sweden.
Along with the present boost in after-hours trading, Oracle stock is up more than 35% since the start of the year.
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Earnings Previews: Oracle
By: 24/7 Wall St. | December 8, 2021
Here’s a look at five more companies set to report results after markets close Thursday and before Friday’s opening bell.
Oracle
Software and cloud-computing giant Oracle Corp. (NYSE: ORCL) has added about 50% to its share price over the past 12 months, in the same neighborhood as Apple (up 42%) and Microsoft (up 56%). The company’s EBIT margin topped 41% in the prior quarter, and gross margin topped 80%. But net income slipped by $1 billion (around 20%) sequentially in the fiscal first quarter and EPS was down by a like amount. That kind of performance in the second quarter won’t lift investors’ spirits. Oracle reports fiscal 2022 second-quarter results later on Thursday.
Of 30 analysts covering the stock, just six have a Buy or Strong Buy rating on the shares, while 20 have a Hold rating. At a share price of around $88.10, the upside potential based on a median price target of $89 is barely 1%. At the high price target of $115, the upside potential is 30/5%.
Second-quarter fiscal 2022 revenue is forecast at $10.21 billion, up 4.9% sequentially and 3.8% year over year. Adjusted EPS are pegged at $1.11, up 8.2% sequentially and 4.7% year over year. For the full fiscal year ending in May, current estimates call for EPS of $4.69, up less than 1%, on sales of $42.18 billion, up 4.2%.
Oracle’s share price to earnings multiple for the 2022 fiscal year is 18.8. For fiscal 2023, the multiple to estimated EPS of $5.53 is 17.1, and for 2024, it is 15.7 times estimated EPS of $5.60. The stock’s 52-week range is $58.80 to $98.95. Oracle pays an annual dividend of $1.28 (yield of 1.44%). Total shareholder return for the past year was 51.5%.
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Oracle (ORCL) Scheduled to Post Quarterly Earnings on Thursday
By: MarketBeat | December 4, 2021
• Oracle (NYSE:ORCL) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, December 9th. Analysts expect the company to announce earnings of $0.97 per share for the quarter...
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Oracle Co. (ORCL) Receives Consensus Recommendation of "Hold" from Analysts
By: MarketBeat | November 30, 2021
• Oracle Co. (NYSE:ORCL) has received a consensus recommendation of "Hold" from the twenty-nine research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $85.32...
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Amazon, Microsoft, Google, Oracle Solicited by DOD for Cloud
By: TheStreet | November 19, 2021
• Amazon , Microsoft, Google and Oracle ORACLE were asked by the Defense Department Friday to submit bids for a new cloud contract.
Amazon Web Services AMZN, Microsoft MSFT, Alphabet’s Google GOOGL and Oracle ORACLE were asked by the Defense Department Friday to submit bids for a new cloud contract.
The request comes four months after the Pentagon cancelled a $10 billion cloud contract controversially awarded to Microsoft in 2019 and challenged by Amazon.
The Defense Department’s link to a news release about the contract request was broken as of about 4:30 p.m. ET, but earlier news reports said the new contract(s) could total billions of dollars.
The government anticipates awarding two contracts -- one to AWS and one to Microsoft. “But [it] intends to award to all cloud service providers that demonstrate the capability to meet DOD’s requirements,” the General Services Administration said, according to media reports.
No news about the contract was available on GSA’s web site around 4:30 p.m. ET.
Amazon stock closed Friday at $3,767, down 0.53%; Microsoft shares at $343.11, up 0.54%; Alphabet at $2,979, down 0.61%; and Oracle at $93.97, down 0.73%.
The Nasdaq Composite index climbed 0.4% Friday.
Morningstar analyst Dan Romanoff likes Amazon, though he sees short-term issues.
“We are lowering our fair value estimate for wide-moat Amazon to $4,100 per share from $4,200, based mainly on margin pressures arising from hiring and shipping challenges,” he wrote last month.
“Amazon remains well positioned to prosper from the secular shift toward e-commerce and the public cloud over the next decade, but we do see a modest reset in terms of growth and profitability through the next several quarters.”
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Oracle (ORCL) Upgraded by Zacks Investment Research to "Hold"
By: MarketBeat | November 11, 2021
• Oracle (NYSE:ORCL) was upgraded by Zacks Investment Research from a "sell" rating to a "hold" rating in a research note issued on Thursday, Zacks.com reports. The brokerage presently has a $99.00 price target on the enterprise software provider's stock. Zacks Investment Research's price target indicates a potential upside of 5.51% from the stock's current price...
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Analysts Anticipate Oracle Co. (ORCL) to Post $1.11 Earnings Per Share
By: MarketBeat | November 3, 2021
Wall Street brokerages predict that Oracle Co. (NYSE:ORCL) will announce earnings of $1.11 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Oracle's earnings, with the lowest EPS estimate coming in at $1.09 and the highest estimate coming in at $1.13. Oracle posted earnings per share of $1.06 during the same quarter last year, which indicates a positive year-over-year growth rate of 4.7%. The company is expected to report its next earnings report on Thursday, December 9th...
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Was The Smart Money Right About Oracle Corporation (ORCL)?
By: Insider Monkey | November 2, 2021
Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that's why their assets under management continue to swell). We believe hedge fund sentiment should serve as a crucial tool of an individual investor’s stock selection process, as it may offer great insights of how the brightest minds of the finance industry feel about specific stocks. After all, these people have access to smartest analysts and expensive data/information sources that individual investors can't match. So should one consider investing in Oracle Corporation (NYSE:ORCL)? The smart money sentiment can provide an answer to this question.
Is Oracle Corporation (NYSE:ORCL) a good investment today? The best stock pickers were in a bullish mood. The number of bullish hedge fund bets moved up by 3 recently. Oracle Corporation (NYSE:ORCL) was in 55 hedge funds' portfolios at the end of the second quarter of 2021. The all time high for this statistic is 74. Our calculations also showed that ORCL isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings). There were 52 hedge funds in our database with ORCL positions at the end of the first quarter.
Hedge funds' reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn't keep up with the unhedged returns of the market indices. Hedge funds have more than $3.5 trillion in assets under management, so you can't expect their entire portfolios to beat the market by large margins. Our research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 79 percentage points since March 2017 (see the details here). So you can still find a lot of gems by following hedge funds' moves today.
Do Hedge Funds Think ORCL Is A Good Stock To Buy Now?
Heading into the third quarter of 2021, a total of 55 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 6% from one quarter earlier. The graph below displays the number of hedge funds with bullish position in ORCL over the last 24 quarters. With hedge funds' positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were increasing their holdings substantially (or already accumulated large positions).
The largest stake in Oracle Corporation (NYSE:ORCL) was held by Fisher Asset Management, which reported holding $1158.4 million worth of stock at the end of June. It was followed by Arrowstreet Capital with a $397 million position. Other investors bullish on the company included AQR Capital Management, Citadel Investment Group, and Pzena Investment Management. In terms of the portfolio weights assigned to each position Key Square Capital Management allocated the biggest weight to Oracle Corporation (NYSE:ORCL), around 4.4% of its 13F portfolio. Antipodes Partners is also relatively very bullish on the stock, dishing out 2.64 percent of its 13F equity portfolio to ORCL.
As industrywide interest jumped, some big names have been driving this bullishness. Antipodes Partners, managed by Jacob Mitchell, established the biggest position in Oracle Corporation (NYSE:ORCL). Antipodes Partners had $73.2 million invested in the company at the end of the quarter. Scott Bessent's Key Square Capital Management also initiated a $23.3 million position during the quarter. The other funds with new positions in the stock are D. E. Shaw's D E Shaw, Ryan Tolkin (CIO)'s Schonfeld Strategic Advisors, and Michael Gelband's ExodusPoint Capital.
Let's check out hedge fund activity in other stocks similar to Oracle Corporation (NYSE:ORCL). We will take a look at Abbott Laboratories (NYSE:ABT), AT&T Inc. (NYSE:T), Novartis AG (NYSE:NVS), PepsiCo, Inc. (NASDAQ:PEP), Chevron Corporation (NYSE:CVX), AbbVie Inc (NYSE:ABBV), and Thermo Fisher Scientific Inc. (NYSE:TMO). This group of stocks' market values resemble ORCL's market value...
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Insider Selling: Oracle Co. (ORCL) Vice Chairman Sells 156,635 Shares of Stock
By: MarketBeat | September 28, 2021
• Oracle Co. (NYSE:ORCL) Vice Chairman Jeffrey Henley sold 156,635 shares of Oracle stock in a transaction dated Monday, September 27th. The shares were sold at an average price of $90.03, for a total value of $14,101,849.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link...
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Guilfoyle: Oracle (ORCL) Not Likely to Rebound Soon
By: TheStreet | September 25, 2021
• Database giant's troubles finding growth are limiting its upside for now.
Oracle (ORCL), the software and cloud giant, is facing roadblocks generating more growth.
The company reported its fiscal first quarter financial performance recently, falling short of Wall Street’s expectations. Oracle reported adjusted earnings per share (EPS) of $1.03 and GAAP EPS of $0.86 and “bested earnings expectations by either metric,” wrote Stephen “Sarge” Guifoyle in a recent Real Money Pro Column.
The catch is that it failed to meet Wall Street’s revenue expectations. Oracle reported $9.73 billion in sales, which is a decent growth level of 3.8%, but fell below Wall Street’s predictions.
The lackluster growth is expected to continue in the second quarter with estimates of revenue growth of 3% to 5%. The outlook for the second quarter is EPS of $1.09 to $1.13, a bit above Wall Street’s levels. Since revenue growth is not projected to exceed 5%, which meets Wall Street’s prediction of 5%, these numbers are “something of a disappointment compounding the just reported revenue number that was also disappointing,” Guilfoyle wrote.
Oracle’s balance sheet “that its cash and cash equivalents are ”down considerably over the past three months, as are total current assets,” since the company repurchased its common stock, Guilfoyle wrote.
Investors should put their money elsewhere, Guilfoyle argues, since Oracle’s stock price is not likely to rebound soon. All the technical indicators are weak, including RSI, daily MACD and Full Stochastics Oscillator, he wrote.
“What you have here now is a weak opening that created a gap, where the stock is feeling around near the mid-July lows for support,” Guilfoyle wrote. “The investor can find, in my opinion, something better to do with their money. Revenue growth has been sluggish, and the firm has flat out told you to expect the same for the current quarter. If you like Oracle, you don't have to hurry. It's not about to take off.”
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Oracle (ORCL) Stock Pulls Back. Buy the Dip? Chart Gives a Hint.
By: TheStreet | September 14, 2021
• Oracle stock is pulling back mildly after a mixed earnings report. Before you buy the dip, check out this potential support zone.
The stock market is still trying to find its footing -- and to some degree, so is Oracle (ORCL).
But the Austin customer-relations-management-software specialist is down more on Tuesday than the S&P 500 is from its all-time high, even after the index declined in five straight sessions until Monday.
Oracle is down 4% on the day after reporting mixed earnings, but was down almost 5% at the lows.
The company missed on revenue estimates but beat on earnings expectations. Given the importance of revenue growth — particularly in tech — the selloff seems appropriate.
That’s even more true as the shares were hovering near the highs. Oracle may be considered old tech, but that doesn’t mean it’s not a focus during the day. (It is likely to be overshadowed by Apple (AAPL) once the iPhone event begins.)
In any regard, investors want to know whether Oracle is a buy-the-dip candidate after Tuesday’s decline. Let’s look.
Trading Oracle Stock
Daily chart of Oracle stock.
Chart courtesy of TrendSpider.com
Interestingly, Oracle stock is dipping down into an attractive area.
The shares are bouncing off the prior high set near $85. This level was also a breakout zone a few months ago. While it’s not attractive to see the stock lose the 50-day moving average, holding $85 provides at least one positive.
The other positive is the 21-week moving average.
Admittedly, Oracle stock has not actually tested this mark, as it’s now bouncing from the lows. But as long as the stock stays above this moving average, the bulls have an argument for being long.
Above today’s high and Oracle can begin filling the overhead gap and potentially test back into the 10-day and 50-day moving averages.
Should it lose the 21-week moving average and $85 level, $80 could be on the table. If the market really starts to roll over, Oracle stock could eventually test its 200-day moving average.
The bottom line is simple: Avoid Oracle if it seems too risky for your trading style.
Otherwise, keep an eye on today’s low, the 21-week moving average and the $85 mark. This trio is the best way to judge one’s risk in the stock over the short term.
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Oracle Stock Enjoys Bullish Analyst Attention After Earnings
By: Schaeffer's Investment Research | September 14, 2021
• The tech giant earned no fewer than four price-target hikes this morning
• Options volume is running at four times the intraday average
The shares of Oracle Corporation (NYSE:ORCL) are down 3.2% to trade at $86.09, after the business software concern reported fiscal first-quarter revenue that fell short of Wall Street's estimates. The company noted an increase in cloud computing technology has added pressure of late. However, Oracle reported earnings of $1.03 per share, which beat forecasts by 6 cents.
Despite this morning's pullback, the brokerage bunch is responding with optimism. The security earned at least four price-target hikes, including one from Monness Crespi Hardt to $115 from $113. Analysts were skeptical towards Oracle stock coming into today, though, with 13 of the 19 in coverage carrying a tepid "hold" rating, while six said "buy" or better. Meanwhile, the 12-month consensus target price of $86.56 is a slim 0.7% premium to current levels.
Options traders are responding as well. In the first hour of trading, 25,000 puts and 20,000 calls have crossed the tape already, which is four times the intraday average. Most popular is the September 90 put, followed by the 90 call from the same series.
Today's negative price action pushed the equity back toward its lowest level since early July. However, Oracle stock still boasts a 32% year-to-date lead, while up 43% year-over-year. Meanwhile, on the charts, ORCL is testing long term support from the 80-day moving average.
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awww poor ORCL. $84-$82 is on its way
the $90s sure look toppy
Oracle Stock Drops After Software Firm Misses Revenue Mark
By: TheStreet | September 14, 2021
• Oracle is revamping its cloud business, but its cloud license and on-premise license business was a weak spot in the quarter.
Shares of Oracle (ORCL) were lower after the enterprise information technology company, looking to catch up in offering more cloud services and systems, reported a first-quarter revenue miss.
The company's cloud license and on-premise license business was the biggest disappointment in the quarter with revenue falling 8% to $813 million.
Total quarterly revenue was up 4% overall to $9.73 billion, short of analyst expectations of $9.76 billion.
“Taken together, IaaS and SaaS are Oracle's fastest growing and highest margin new businesses," Oracle Chief Executive Safra Catz said in a statement.
"As these two cloud businesses continue to grow, they will help expand our overall profit margins and push earnings per share higher."
Shares of Oracle were falling 3% premarket to $86.19 at last check.
Catz also noted that that the company's two new cloud businesses, IaaS and SaaS, now account for more than 25% of the company's total revenue with an annual run rate of $10 billion.
Meanwhile Larry Ellison, Oracle's chairman and chief technology officer, said the Austin company is poised to become one of the leading cloud infrastructure companies.
"Last quarter, we released the next generation of the world's most popular open source database," Ellison said.
"Many customers measured our new MySQL cloud service to be much, much faster, less expensive, and easier to use than Snowflake (SNOW), Aurora, RedShift and other commonly used cloud databases."
With the Covid-19 pandemic accelerating companies’ shift online, Oracle is playing catchup with internet giants Amazon.com, (AMZN) Microsoft (MSFT) and Alphabet's Google (GOOGL) in the race to offer more and more cloud services and systems.
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Oracle misses quarterly revenue estimates
By: Reuters | September 13, 2021
Enterprise software firm Oracle Corp (NYSE:ORCL) missed Wall Street expectations for first-quarter revenue on Monday, hurt by competition in the cloud computing space.
Total revenue rose 4% to $9.73 billion in the quarter ended Aug. 31. Analysts were expecting revenue of $9.77 billion, according to IBES data from Refinitiv.
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3 CRM Software Stocks to Buy Now
By: MarketBeat | September 8, 2021
• Oracle Corp. (NYSE:ORCL)
Even though Oracle only had about 5% of the global CRM market share as of 2020, it’s still a great stock to consider adding at this time for exposure to the CRM industry and more. Often considered to be the premier provider of on-premises relational database technologies and ERP software, Oracle has a massive global customer base and has been one of the true pioneers in the technology sector for years. The company provides products and services that address enterprise information technology environments, and Oracle’s CRM systems can benefit sales teams along with marketing, commerce, and service functions for almost any business.
This stock has been a very strong performer in 2021 and is up over 38% year-to-date, although there could be more upside in store for Oracle shareholders as the company continues its transition towards a more cloud-centric business model. There’s also a lot to like about Oracle’s dividend growth prospects, as the company has boosted its annual payout for 8 consecutive years. If you are looking for a more conservative way to play CRM and the cloud computing space, this should be a company at the top of your shopping list.
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Oracle (ORCL) Given a $95.00 Price Target by Jefferies Financial Group Analysts
By: MarketBeat | September 6, 2021
• Oracle (NYSE:ORCL) received a $95.00 target price from Jefferies Financial Group in a report issued on Monday, Borsen Zeitung reports. Jefferies Financial Group's price objective suggests a potential upside of 5.56% from the company's current price...
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Oracle Earnings Preview: It's All About the Cash Flow
By: 24/7 Wall St. | September 10, 2021
The two companies we previewed on Thursday both traded lower after beating consensus estimates on both the top and bottom lines. Both also raised guidance. Go figure.
Next week has little in the way of earnings reports. In fact, we spotted only four that might be of general interest. We’ll cover one today and the other three on Tuesday.
Oracle Corp. (NYSE: ORCL) has a market cap of nearly $250 billion and is the third-largest software infrastructure company in the country, trailing only Microsoft and Adobe. Over the past 12 months, the stock has added about 60% to its share price, including a 40% rise so far in 2021.
Oracle’s free cash flow for the 2021 fiscal year that ended in May was $13.75 billion, and fourth-quarter cash flow came in at $4.13 billion. In the August quarter last year, free cash flow totaled $5.52 billion. The company also repurchased $21.6 billion in stock during fiscal 2021. These are compelling numbers and, when Oracle reports first-quarter 2022 results after markets close Monday, analysts will be paying particular attention to cash flow.
Of the 28 analysts covering the stock, 19 rate the shares at Hold. Of the other nine, five rate the stock a Buy or Strong Buy. At a recent price of $90, the implied gain based on a median price target of $80 is 12.5%. At the high price target of $113, the implied upside is 25.6%.
Oracle is expected to report fiscal first-quarter revenue of $9.77 billion, down 13% sequentially but up about 4.3% year over year. Adjusted earnings per share (EPS) are tabbed at $0.97, down 37% sequentially but up 4.3% year over year. For fiscal 2022, current estimates call for EPS of $4.61, down 1.2%, and revenue of $42.23 billion, or 4.3% higher.
The stock trades at 19.4 times expected 2022 EPS, 17.5 times estimated 2023 earnings and 16.8 times estimated 2024 earnings. The stock’s 52-week trading range is $55.14 to $91.78. Oracle pays an annual dividend of $1.28 (yield of 1.43%).
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Why You Should Buy the Dip on Oracle (ORCL) Stock
By: Schaeffer's Investment Research | September 2, 2021
• Now looks like a perfect time to speculate on Oracle stock’s next move higher with options
• There’s reason to believe the software stock could add to its year-to-date positive price action
While Oracle Corporation (NYSE:ORCL) stock has cooled some since its mid-August all-time highs, the equity found a comfortable leg of support at its 40-day moving average, which has helped capture pullbacks in the past. Plus, ORCL sports an impressive 38% year-to-date lead, and there’s reason to believe the software stock could add to this positive price action, making now the perfect time to buy calls on ORCL.
The security looks ripe for analyst upgrades, too. Of the 19 in coverage, 13 consider ORCL a “hold.” What’s more, the 12-month consensus price target of $81.67 is an 8.6% discount to current levels, meaning a few price-target hikes could be on the horizon as well.
An unwinding of bearish sentiment in the options pits could also put some wind at Oracle stock’s back. The security’s Schaeffer’s put/call open interest ratio (SOIR) of 1.10 stands higher than 93% of readings from the past year, indicating short-term options traders have rarely been more put-biased over the past year during this time.
The equity has shown underlying strength. Specifically, short interest has added 50% over the past five months, while ORCL has tacked on 25% in that same time period.
As we stated before, now looks like a perfect time to speculate on Oracle stock’s next move higher with options. The stock sports a Schaeffer’s Volatility Index (SVI) of 30%, which stands in the 31st percentile of its annual range, meaning options traders are pricing in relatively low volatility expectations at the moment. Lastly, our recommended call has a leverage ratio of 9.1 and will double in price with a 10.3% rise in the underlying stock.
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Oracle Co. (ORCL) Given Consensus Recommendation of "Hold" by Analysts
By: MarketBeat | August 22, 2021
• Oracle Co. (NYSE:ORCL) has received an average rating of "Hold" from the twenty-nine research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seventeen have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $76.64...
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DZ Bank Lowers Oracle (ORCL) to Sell
By: MarketBeat | August 10, 2021
Oracle (NYSE:ORCL) was downgraded by equities research analysts at DZ Bank from a "hold" rating to a "sell" rating in a research note issued on Tuesday, Analyst Ratings Network reports. They presently have a $82.00 price objective on the enterprise software provider's stock. DZ Bank's price target points to a potential downside of 8.79% from the stock's previous close...
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Oracle Announces MySQL Autopilot for MySQL HeatWave Service
By: Cision | August 10, 2021
AUSTIN, Texas, Aug. 10, 2021 /PRNewswire/ -- Oracle today announced availability of MySQL Autopilot, a new component of MySQL HeatWave service, the in-memory query acceleration engine for MySQL Database Service in Oracle Cloud Infrastructure (OCI). MySQL Autopilot uses advanced machine learning techniques to automate HeatWave which make it easier to use and further improves performance and scalability. No other cloud vendor provides such advanced automation capabilities for their database offerings. Autopilot is available at no additional charge for MySQL HeatWave customers.
MySQL Autopilot automates many of the most important and often challenging aspects of achieving high query performance at scale—including provisioning, data loading, query execution and failure handling. It uses advanced techniques to sample data, collect statistics on data and queries, and build machine learning models using Oracle AutoML to model memory usage, network load and execution time. These machine learning models are then used by MySQL Autopilot to execute its core capabilities. MySQL Autopilot makes the HeatWave query optimizer increasingly intelligent as more queries are executed, resulting in continually improving system performance over time—a capability not available on Amazon Aurora, Amazon Redshift, Snowflake, or other MySQL-based database services.
MySQL Autopilot includes the following capabilities:
Auto provisioning predicts the number of HeatWave nodes required for running a workload by adaptive sampling of table data on which analytics is required. This means that customers no longer need to manually estimate the optimal size of their cluster. No other database service provides this capability.
Auto parallel load can optimize the load time and memory usage by predicting the optimal degree of parallelism for each table being loaded into HeatWave. No other cloud vendor offers this capability.
Auto data placement predicts the column on which tables should be partitioned in-memory to help achieve the best performance for queries. It also predicts the expected gain in query performance with the new column recommendation. This minimizes data movement across nodes due to suboptimal choices that can be made by operators when manually selecting the column. No other database service provides this capability.
Auto encoding can determine the optimal representation of columns being loaded into HeatWave, taking the queries into consideration. This optimal representation provides the best query performance and minimizes the size of the cluster to minimize costs.
Auto query plan improvement learns various statistics from the execution of queries and can improve the execution plan of future queries. This improves the performance of the system as more queries are run. No other database service provides this capability.
Auto query time estimation can estimate the execution time of a query prior to executing the query. This provides a prediction of how long a query will take, enabling customers to decide if the duration of the query is too long and instead run a different query.
Auto change propagation intelligently determines the optimal time when changes in MySQL Database should be propagated to the HeatWave Scale-out Data Management layer. This helps ensure that changes are being propagated at the right optimal cadence. No other cloud vendor offers this capability.
Auto scheduling can determine which queries in the queue are short running and prioritize them over long running queries in an intelligent way to reduce overall wait time. Most other databases use the First In, First Out (FIFO) mechanism for scheduling.
Auto error recovery provisions new nodes and reloads necessary data if one or more HeatWave nodes is unresponsive due to software or hardware failure.
"Oracle's MySQL Database Service with HeatWave is the only MySQL database that efficiently supports both OLTP and OLAP, enabling users to run mixed workloads or real-time analytics against their MySQL database with 10 to 1,000 times better performance and less than half the cost compared to other analytical or MySQL-based databases," said Edward Screven, Chief Corporate Architect, Oracle. "MySQL HeatWave is one of the fastest growing cloud services on OCI and an increasing number of customers are moving their MySQL workloads to HeatWave. Today, we are announcing a number of innovations which are the result of years of research and advanced development at Oracle. The combination of these innovations delivers massive improvements in automation, performance and cost—further distancing HeatWave from other database cloud services."
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KeyCorp Increases Oracle (ORCL) Price Target to $100.00
By: MarketBeat | July 22, 2021
• Oracle (NYSE:ORCL) had its price target lifted by stock analysts at KeyCorp from $90.00 to $100.00 in a research report issued to clients and investors on Thursday, The Fly reports. The firm currently has an "overweight" rating on the enterprise software provider's stock. KeyCorp's price target would suggest a potential upside of 11.50% from the company's current price...
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Oracle (ORCL) Issues Q1 2022 Earnings Guidance
By: MarketBeat | July 7, 2021
Oracle (NYSE:ORCL) issued an update on its first quarter 2022 earnings guidance on Wednesday morning. The company provided EPS guidance of $0.940-$0.980 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.030. The company issued revenue guidance of $9.65 billion-$9.84 billion, compared to the consensus revenue estimate of $9.68 billion...
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Oracle Given Average Rating of "Hold" by Analysts
By: MarketBeat | July 3, 2021
Oracle Co. (NYSE:ORCL) has been given an average recommendation of "Hold" by the twenty-nine brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eighteen have given a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $75.84...
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Insider Selling: Oracle Co. (ORCL) EVP Sells 150,000 Shares of Stock
By: MarketBeat | June 29, 2021
Oracle Co. (NYSE:ORCL) EVP Dorian Daley sold 150,000 shares of the business's stock in a transaction that occurred on Tuesday, June 29th. The stock was sold at an average price of $78.21, for a total value of $11,731,500.00. Following the transaction, the executive vice president now directly owns 150,000 shares in the company, valued at $11,731,500. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink...
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Q4 2022 Earnings Estimate for Oracle Co. Issued By Piper Sandler
By: MarketBeat | June 18, 2021
Oracle Co. (NYSE:ORCL) - Analysts at Piper Sandler boosted their Q4 2022 earnings per share estimates for shares of Oracle in a research report issued to clients and investors on Tuesday, June 15th. Piper Sandler analyst B. Bracelin now expects that the enterprise software provider will earn $1.34 per share for the quarter, up from their prior estimate of $1.21. Piper Sandler currently has a "Neutral" rating and a $80.00 price objective on the stock. Piper Sandler also issued estimates for Oracle's Q1 2023 earnings at $1.00 EPS, Q2 2023 earnings at $1.10 EPS, Q3 2023 earnings at $1.18 EPS, Q4 2023 earnings at $1.49 EPS and FY2023 earnings at $4.76 EPS. Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, June 14th. The enterprise software provider reported $1.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.31 by $0.23. Oracle had a return on equity of 116.15% and a net margin of 32.32%. The business had revenue of $11.23 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same quarter in the previous year, the firm posted $1.20 EPS. The company's revenue for the quarter was up 7.5% on a year-over-year basis...
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Jefferies Financial Group Raises Oracle (ORCL) Price Target to $80.00
By: MarketBeat | June 16, 2021
Oracle (NYSE:ORCL) had its price target increased by research analysts at Jefferies Financial Group from $75.00 to $80.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The firm presently has a "hold" rating on the enterprise software provider's stock. Jefferies Financial Group's price objective indicates a potential downside of 2.01% from the stock's current price...
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Oracle Target of Unusually High Options Trading
By: MarketBeat | June 16, 2021
Oracle Co. (NYSE:ORCL) was the recipient of unusually large options trading on Tuesday. Stock traders bought 68,736 put options on the stock. This represents an increase of approximately 890% compared to the average volume of 6,943 put options...
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Analysts, Options Traders Blast Oracle (ORCL) After Earnings
By: Schaeffer's Investment Research | June 16, 2021
• The tech giant earned no fewer than nine price-target hikes this morning
• Options volume is running at 12 times the intraday average, with puts popular
The shares of Oracle Corporation (NYSE:ORCL) are down 5.1% to trade at $77.44, despite the tech giant reporting better-than-expected fiscal fourth-quarter earnings of $1.54 per share, as well as a revenue beat. Dragging the equity down is the company's current-quarter profit forecast, which came in below Wall Street's consensus, as it increases investment in its cloud computing operations.
Despite this morning's pullback, the brokerage bunch is responding with optimism. The security earned at least nine price-target hikes, including one from Bernstein to $90 from $81. Analysts were skeptical towards ORCL coming into today, though, with 13 of the 19 in coverage carrying a tepid "hold" rating, while six say "buy" or better. Meanwhile, the 12-month consensus target price of $77.62 is a slim 0.4% premium to current levels.
Options traders are responding as well. In the first hour of trading, 65,000 puts and 64,000 calls have crossed the tape already, which is 12 times the intraday average. Most popular by far is the June 75 put, followed by the 78.50 put from the same series.
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 27% sits in the relatively low 24th percentile of its annual range. This means the security sports attractively priced premiums at the moment.
Today's negative price action pushed the equity below the 50-day moving average for the first time since mid February. Though ORCL is set to lock in its worst single-day percentage drop since March 11, the security still sports a 20.3% year-to-date lead, with potential support from the 70-day trendline and the $75 mark.
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Oracle Drops as Analysts Express Concern About Valuation
By: TheStreet | June 16, 2021
• Oracle topped estimates and growth is there, but Wall Street's analysts are concerned about the software giant's valuation.
Shares of Oracle (ORCL) dropped on Wednesday as analysts noted the database-software giant's growth but were concerned about the stock's valuation.
The Austin company on Tuesday after the closing bell reported stronger-than-expected results for the fiscal fourth quarter ended May 31.
Analysts at Citi remained neutral with an $80 price target. The quarter featured "accelerating back-office cloud application growth and stable infrastructure performance," they said. But the biggest drivers of revenue upside were from lower-quality factors." The fourth quarter showed "growth, but a less reasonable price."
Oppenheimer maintained the stock at market perform. Oracle's outlook calls for faster growth but that growth will require higher capital spending. The shares "have priced in an acceleration of growth, but not necessarily the corresponding investments," the investment firm said.
Jefferies analysts maintained a hold rating while raising their price target to $80 from $75. The results were encouraging, but the investment firm doesn't see the stock being able to sustain its rally on low-single-digit growth.
Morgan Stanley maintained an equal-weight rating and $77 price target. Momentum in back-office apps is still strong and bookings growth has increased. The firm says investors will need to see further evidence of accelerating growth before bidding the stock higher.
Analysts at Piper Sander maintained a neutral rating while raising their price target to $80 from $57.
Shares of Oracle at last check dropped 5.7% to $76.98.
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Oracle Cloud Initiative Could End Uptrend
By: Alan Farley | June 16, 2021
• The company’s transition into cloud computing has been slower than its rivals, who have built large and diverse customer bases.
Oracle Corp. (ORCL) is trading lower by more than 5% in Wednesday’s pre-market after beating fiscal Q4 2021 estimates and lowering Q1 2022 profit guidance. The software giant earned a respectable $1.54 per-share during the quarter, beating estimates by $0.21, while revenue rose 7.5% year-over-year to $11.23 billion, nearly $200 million higher than consensus. Shareholders hit the exits after the company warned it would “roughly double its Cloud CapEx spending in fiscal year 2022 to nearly $4 billion”.
Investing Revenue in Cloud Growth
Cloud computing is more profitable than overall business operations and Oracle is trying to increase market share and improve margins going forward. As a result, it’s “confident that the increased return in the Cloud business more than justifies this increased investment and margins will expand over time”. However, disappointed investors held a less bullish view, voting with their feet to exit positions.
Success in the new investment is no sure thing because Oracle’s transition into cloud computing has been slower than its rivals, who have already built large and diverse customer bases.. As a result, it will be hard to take market share from Amazon.Com Inc.’s (AMZN) AWS or Microsoft Corp’s (MSFT) Azure in coming quarters, raising doubts about the initiative. In addition, while this high tech venue is growing at a rapid rate, so is competition, with many operations throwing their hats into the ring.
Wall Street and Technical Outlook
Wall Street consensus is skeptical as well, with a ‘Hold’ rating based upon 5 ‘Buy’, 1 ‘Overweight’, and 18 ‘Hold’ recommendations. In addition, three analysts recommend that shareholders close positions and move to the sidelines. Price targets currently range from a low of $60 to a Street-high $115 while the stock is set to open Wednesday’s session about $2 above the median $75 target. This mid-range placement suggests that Oracle is now fully-valued.
Oracle failed a 2019 breakout over the 2017 high at 53.14 during 2020’s pandemic decline and turned higher, breaking out in the fourth quarter. The uptick added more than 40% into early June’s all-time high at 85.03, ahead of a pullback that’s now accelerating to the downside. The decline has settled on the 50-day moving average in the pre-market, generating the first test since February, It’s likely to hold for now but the stock may be headed into months of sideways action.
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Oracle (ORCL) Beats Earnings and Sales Estimates, but Shares Fall
By: TheStreet | June 15, 2021
• Oracle reported fiscal fourth quarter results that topped analyst estimates, and also declared a quarterly dividend.
Shares of Oracle Corp. (ORCL) dropped Tuesday after the the enterprise software company reported fiscal fourth-quarter results.
The Austin, Texas-based company reported fourth-quarter, non-GAAP earnings of $1.54 per share on revenue of $11.2 billion, an 8% year-over-year increase. Analysts were expecting the company to report adjusted fourth-quarter earnings of $1.31 per share on revenue of $11.02 billion.
Oracle shares were down 2.2% to $79.85 following the release of results after the close on Tuesday. Shares are up 23% year-to-date compared to 13% for the S&P 500.
"The world's two most popular databases are the Oracle Autonomous Database and Oracle MySQL," said Oracle founder and current chairman and CTO Larry Ellison in a statement. "While our Oracle Database business as measured by revenue currently dwarfs our MySQL database business -- that is about to change because the latest version of Oracle MySQL has been upgraded."
The company's board declared a quarterly cash dividend of 32 cents per share to be paid July 29 to share holders of record on July 15.
Cloud services and license support revenues for the quarter rose 8% year-over-year to $7.4 billion, while cloud license and on-premise license revenues rose 9% to $2.1 billion year-over-year.
Operating cash flow rose 21% to a record $15.9 billion over the trailing twelve months.
"Our Q4 performance was absolutely outstanding with total revenue beating guidance by nearly $200 million, and non-GAAP earnings per share beating guidance by $0.24," said Oracle CEO, Safra Catz. "Our multi-billion dollar Fusion and NetSuite cloud applications businesses saw dramatic increases in their already rapid revenue growth rates."
During the quarter, Oracle lost a Supreme Court ruling that overturned a federal appeals court decision in the company's copyright dispute with Alphabet (GOOGL).
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Orcale (ORCL) Surges Above Price Targets
By: Bespoke Investment Group | June 7, 2021
Thus far in 2021, most of the 30 largest S&P 500 stocks are in the green on a year-to-date basis with a few notable exceptions. The largest company with a $2.1 trillion market cap, Apple (AAPL), has fallen 5.88% year-to-date and is down nearly 14% from its 52-week high. Of the 30 largest stocks, the only two other stocks that are down by more year-to-date and are also further below their 52-week highs are Netflix (NFLX) and Tesla (TSLA). TSLA has been particularly hard hit with a 17% loss so far in 2021 which brings it down 35% from its high. Conversely, Alphabet (GOOG), JPMorgan Chase (JPM), NVIDIA (NVDA), Bank of America (BAC), and Oracle (ORCL) are some of the stocks that are closest to new highs (around 1% away) and are up around 30% or better YTD. Unsurprisingly for an Energy sector stock, the best performer this year has been Exxon Mobil (XOM) which is closing in on a 50% gain YTD.
After setting new record highs right around a month ago, the S&P 500 pulled back to its 50-DMA which it found support at on May 12th. The subsequent rally since then has seen the index make a run back up to those record highs which it has been hovering around in recent days. Since its May 12th low, by far the two best-performing stocks in the 30 largest stocks have been NVIDIA (NVDA) which has gained 27.71%, and salesforce.com (CRM) which has risen a smaller, but still impressive, 12.85%; both companies reported triple plays in late May which partially played a role in that strength. While far from a leader, AAPL is also up in that time as is the rest of the trillion-dollar market cap club.
Another interesting thing to note of the stocks in the table above is their distances from their analyst price targets. There are a handful like JPMorgan Chase (JPM), NVIDIA (NVDA), and Bank of America (BAC) that are currently within 1% of their consensus price targets. After their strong runs this year, though, the median distance from a target for the full list is approximately 10% below. BAC is actually slightly above its target, and not many others can say that. In fact, the only other name of the largest stocks currently trading above its analyst price target is Oracle (ORCL), and it's doing so in a big way. As shown above, ORCL is currently over 18% above its target. Going back through the history of the data for the stock, no other period since 2003 has seen ORCL trade as elevated above its target as it does now. For ORCL to get back below its average price target, either its share price would need to fall or analysts would need to significantly increase their price targets.
Looking at the other end of the spectrum, Amazon (AMZN) and Apple (AAPL) are the two names furthest below their price targets. For each of these stocks, trading that far below the analyst price target has been relatively uncommon over the past several years. For these two stocks to get back to where they normally sit relative to analyst price targets, either the stocks need to rise or analysts need to lower their price targets. For these two mega-cap behemoths, we think the latter is more likely.
While it does not stand out from the list of the other largest stocks as it only trades 6.5% below its target, TSLA is also notable. Over the past two years, the stock has continuously left its targets in the dust on average sitting 26% above. In July of last year, TSLA's price even doubled the target price. But with the stock's weakness this year, its distance from its price target is much closer in line with the historical average.
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Oracle Stock is Ready to Surge Higher
By: MarketBeat | June 2, 2021
Enterprise information technology provider Oracle Corporation (NASDAQ: ORCL) stock has been steadily grinding to all-time highs as post-pandemic growth resumes. As workers return to offices and the reopening gets underway with the acceleration of COVID vaccinations, Oracle shares have been climbing in anticipation of the growth spurt. The Company has indicated impressive growth metrics in its recent earnings report granted the pandemic set the bar low for 2020 comps. While pundits argue that Oracle’s migration to cloud has been slow, the database giant is reaping the rewards of its acquisitions and investments. Shares still trade at a modest forward P/E of 17 with over $37 billion in cash. The Company is leading the enterprise-resource-planning (ERP) battle against rival SAP (NYSE: SAP) according to its eccentric co-founder Larry Ellison. Prudent investors seeking exposure in the enterprise software segment as the reopening takes shape can monitor for opportunistic pullback levels in Oracle shares.
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$ORCL Ascending triangle. Short term volume shelf forming
By: TrendSpider | May 22, 2021
• $ORCL Ascending triangle. Short term volume shelf forming.
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Jefferies Financial Group Analysts Give Oracle (ORCL) a $75.00 Price Target
By: MarketBeat | May 17, 2021
Oracle (NYSE:ORCL)'s stock had its "neutral" rating restated by research analysts at Jefferies Financial Group in a note issued to investors on Tuesday, Price Targets.com reports. They presently have a $75.00 target price on the enterprise software provider's stock. Jefferies Financial Group's target price points to a potential downside of 5.16% from the stock's current price.
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Insider Selling: Oracle Co. (ORCL) Chairman Sells 1,125,000 Shares of Stock
By: MarketBeat | May 15, 2021
Oracle Co. (NYSE:ORCL) Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the stock in a transaction dated Friday, May 14th. The stock was sold at an average price of $78.71, for a total transaction of $88,548,750.00. Following the transaction, the chairman now directly owns 1,139,857,353 shares of the company's stock, valued at $89,718,172,254.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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Zacks: Brokerages Expect Oracle Co. (ORCL) Will Announce Quarterly Sales of $11.07 Billion
By: MarketBeat | May 14, 2021
Brokerages forecast that Oracle Co. (NYSE:ORCL) will post sales of $11.07 billion for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Oracle's earnings, with the lowest sales estimate coming in at $10.97 billion and the highest estimate coming in at $11.15 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 business is expected to report its next quarterly earnings report on Tuesday, June 15th.
According to Zacks, 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 expect that the business 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 research analysts that follow Oracle.
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2 Sizzling Software Stocks to Snatch-Up This Spring
By: Sweta Vijayan | May 10, 2021
On May 6, The Premier League chose ORCL as its official cloud provider to deliver in-match statistics through ORCL’s data and analytics and machine learning technologies, beginning with the 2021-22 season. ‘Match Insights – Powered by Oracle Cloud’ should deliver immediate results based on live data streams, real-time tracking data, and League’s players’ profiles during global broadcast coverage and across the Premier League’s social channels, thus providing a data-rich experience.
On May 5, Mashreq Bank, one of the United Arab Emirates’ leading financial institutions, collaborated with ORCL to modernize its transaction banking capabilities in the Middle East and Africa. Mashreq will implement ORCL’s Transaction Banking platform with solutions for digital banking, payments, trade finance, liquidity management, and virtual accounts, to deliver faster innovation to its growing customer base.
The company’s non-GAAP total revenues have increased 2.9% year-over-year to $10.09 billion for its fiscal year 2020 third quarter, ended February 28. ORCL’s non-GAAP operating income came in at $4.78 billion, which represents a 9.8% rise from the prior-year period. Also, its non-GAAP net income is $3.49 billion for the quarter, up 10.3% year-over-year. ORCL’s EPS also increased 19.6% year-over-year to $1.16.
A $1.31 consensus EPS estimate for the current quarter, ending May 31, 2021, represents a 9.2% improvement year-over-year. ORCL surpassed the consensus EPS estimates in each of the trailing four quarters. The $11.04 billion consensus revenue estimate for the current quarter represents a 5.8% gain from the prior-year period. Analysts expect the stock’s EPS to grow at a 12.2% rate per annum over the next five years.
The stock has gained 52.9% over the past year and 45.6% over the past nine months. ORCL closed Friday’s trading session at $80.40.
ORCL’s strong fundamentals are reflected in its POWR Ratings. The stock has an overall B rating, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
The stock has a B grade for Quality, Value and Stability l. Click here to see the additional ratings for ORCL (Growth, Sentiment and Momentum).
ORCL is ranked #12 of 124 stocks in the Software – Application industry.
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Wolfe Research Begins Coverage on Oracle (ORCL)
By: MarketBeat | April 28, 2021
Stock analysts at Wolfe Research assumed coverage on shares of Oracle (NYSE:ORCL) in a report released on Wednesday, Benzinga reports. The brokerage set a "peer perform" rating and a $75.00 price target on the enterprise software provider's stock. Wolfe Research's price objective points to a potential downside of 0.29% from the stock's previous close.
Several other analysts have also recently weighed in on the stock. Sanford C. Bernstein reaffirmed a "buy" rating and issued a $81.00 target price on shares of Oracle in a report on Thursday, March 11th. Citigroup assumed coverage on shares of Oracle in a report on Wednesday, March 3rd. They issued a "neutral" rating and a $65.00 target price on the stock. Evercore ISI assumed coverage on shares of Oracle in a research note on Monday, March 22nd. They issued an "in-line" rating and a $66.00 price target on the stock. BMO Capital Markets increased their price target on shares of Oracle from $64.00 to $80.00 and gave the company a "market perform" rating in a research note on Tuesday, March 9th. Finally, Societe Generale reiterated a "hold" rating on shares of Oracle in a research note on Wednesday, March 17th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and ten have given a buy rating to the company's stock. The stock presently has a consensus rating of "Hold" and a consensus target price of $71.36.
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Insider Selling: Oracle Co. Insider Sells 700,000 Shares of Stock
By: MarketBeat | April 27, 2021
Oracle Co. (NYSE:ORCL) insider Edward Screven sold 700,000 shares of the company's stock in a transaction on Monday, April 26th. The shares were sold at an average price of $74.50, for a total transaction of $52,150,000.00. Following the completion of the sale, the insider now directly owns 3,078,623 shares of the company's stock, valued at approximately $229,357,413.50. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of NYSE ORCL traded up $0.72 during trading on Tuesday, reaching $75.22. 9,259,598 shares of the company traded hands, compared to its average volume of 12,840,603. The firm has a 50 day simple moving average of $72.09 and a 200-day simple moving average of $63.85. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 7.37. The stock has a market capitalization of $216.90 billion, a PE ratio of 22.79, a P/E/G ratio of 1.79 and a beta of 0.76. Oracle Co. has a 52-week low of $50.86 and a 52-week high of $80.21.
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Oracle Co. (ORCL) Expected to Announce Quarterly Sales of $11.07 Billion
By: MarketBeat | April 27, 2021
Analysts expect Oracle Co. (NYSE:ORCL) to post $11.07 billion in sales for the current fiscal quarter, Zacks reports. Nine analysts have made estimates for Oracle's earnings, with estimates ranging from $10.97 billion to $11.15 billion. Oracle reported sales of $10.44 billion in the same quarter last year, which would suggest a positive year over year growth rate of 6%. The business is scheduled to report its next earnings results 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 financial year, analysts expect that the firm will report sales of $41.41 billion, with estimates ranging from $40.76 billion to $42.42 billion. Zacks Investment Research's sales calculations are an average based on a survey of sell-side research analysts that cover Oracle.
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Oracle (NYSE:ORCL) Receives New Coverage from Analysts at Wolfe Research
By: MarketBeat | April 22, 2021
Equities researchers at Wolfe Research started coverage on shares of Oracle (NYSE:ORCL) in a report issued on Thursday, The Fly reports. The brokerage set a "market perform" rating on the enterprise software provider's stock.
Several other brokerages also recently issued reports on ORCL. The Goldman Sachs Group began coverage on shares of Oracle in a research report on Thursday, January 21st. They set a "sell" rating and a $60.00 price objective for the company. Morgan Stanley boosted their target price on shares of Oracle from $67.00 to $73.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 17th. Citigroup assumed coverage on shares of Oracle in a research note on Wednesday, March 3rd. They issued a "neutral" rating and a $65.00 price objective for the company. Evercore ISI assumed coverage on shares of Oracle in a report on Monday, March 22nd. They set an "in-line" rating and a $66.00 target price on the stock. Finally, Barclays upgraded Oracle from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $66.00 to $80.00 in a research note on Thursday, March 11th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of "Hold" and a consensus price target of $71.21.
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