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$1.17 EPS Expected for Oracle Co. (ORCL) This Quarter
By: MarketBeat | February 11, 2022
• Analysts expect that Oracle Co. (NYSE:ORCL) will announce $1.17 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Oracle's earnings, with estimates ranging from $1.14 to $1.21. Oracle posted earnings per share of $1.16 in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.9%. The business is expected to report its next earnings results on Wednesday, March 9th...
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Oracle (ORCL) Given New $110.00 Price Target at Deutsche Bank Aktiengesellschaft
By: MarketBeat | January 21, 2022
• Oracle (NYSE:ORCL) had its price objective cut by Deutsche Bank Aktiengesellschaft from $120.00 to $110.00 in a research note issued on Friday, The Fly reports. Deutsche Bank Aktiengesellschaft's price target would suggest a potential upside of 32.98% from the stock's current price...
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Oracle opens data centre to provide cloud services across Africa
By: Reuters | January 20, 2022
Oracle opened a data centre in South Africa on Wednesday to provide local cloud services across Africa for the first time, joining the likes of Microsoft and Amazon in setting up facilities in the southernmost country on the continent.
Africa will be the U.S. company's 37th "cloud region" - an area that allows customers to get faster access from a local data centre, in this case in Johannesburg.
Oracle is racing to open at least 44 cloud regions this year as it plans to catch up with cloud computing rivals such as Microsoft, Amazon and Google.
Though Oracle has no plans for more data centers in Africa this year, more could come next year as the company explores areas such as West Africa, Cherian Varghese, regional managing director for Middle East and Africa, told Reuters.
Increased demand for faster computing from African banks and telecom firms has attracted big cloud operators into the largely untapped market, with Microsoft the first to launch data centers in South Africa, followed by Amazon and Huawei.
Fast connectivity provided by a submarine communication cable and being Africa's most developed economy have made South Africa a key location for cloud operators, with over 50 data centres in the country, mostly near Cape Town and Johannesburg.
However, South Africa comes with infrastructure challenges, such as high power prices and frequent power cuts, meaning additional costs have to be set aside for back-up power.
Smaller cloud operators are also trying to grab a piece of the fast-expanding market for data localisation.
U.S.-based Digital Realty is buying a majority stake in a Johannesburg-based date centre operator for $3.5 billion, while Vantage Data Centres has also announced plans to invest up to a billion dollars to set up a data centre in South Africa.
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$10.50 Billion in Sales Expected for Oracle Co. (ORCL) This Quarter
By: MarketBeat | January 3, 2022
• Analysts predict that Oracle Co. (NYSE:ORCL) will post $10.50 billion in sales for the current quarter, Zacks reports. Eight analysts have issued estimates for Oracle's earnings, with estimates ranging from $10.46 billion to $10.55 billion. Oracle posted sales of $10.09 billion during the same quarter last year, which suggests a positive year over year growth rate of 4.1%. The company is expected to report its next earnings results on Wednesday, March 9th...
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Credit Suisse Group Analysts Give Oracle (ORCL) a $115.00 Price Target
By: MarketBeat | December 29, 2021
• Oracle (NYSE:ORCL) has been assigned a $115.00 price objective by equities research analysts at Credit Suisse Group in a report released on Wednesday, Borsen Zeitung reports. Credit Suisse Group's target price would suggest a potential upside of 30.37% from the company's previous close...
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Oracle (ORCL) Given a $94.00 Price Target by UBS Group Analysts
By: MarketBeat | December 23, 2021
• Oracle (NYSE:ORCL) received a $94.00 price objective from stock analysts at UBS Group in a research report issued on Thursday, Borsen Zeitung reports. UBS Group's price objective indicates a potential upside of 4.61% from the stock's previous close...
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Have a Wonderful Holiday Season Everyone!!!
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Where Oracle (ORCL) Stock Could Be Headed Next
By: Schaeffer's Investment Research | December 23, 2021
• The software name is in talks to buy electronic medical records provider Cerner
• Year-to-date, ORCL sports an over 38% lead
The shares of Oracle Corporation (NYSE:ORCL) are inching lower today, last seen down 0.2% at $89.68. The software concern has taken a nosedive on the charts over the past couple of weeks, despite news it is in talks buy electronic medical records provider Cerner (CERN) for $30 billion. The $89 mark seems like it could contain this pullback from a Dec. 10, all-time high of $106.25, however. Plus, ORCL sports a 38.8% year-to-date lead.
The brokerage bunch remains skeptical of Oracle stock. Of the 18 analysts in question, 13 carry a tepid "hold," while the remaining five call it a "strong buy." Meanwhile, the 12-month consensus target price of $102.64 is a 14.3% premium to ORCL's current perch.
The options pits echo that pessimism. This is per the stock's Schaeffer's put/call open interest ratio (SOIR) of 1.05, which sits higher than 89% of readings in its annual range. This means near-term put open interest outweighs call open interest by a wider-than-usual margin.
From a fundamental point of view, Oracle stock does not offer long-term security or growth potential. Aside from holding a relatively weak balance sheet, with $46.55 billion in cash and $87.01 billion in debt, its valuation also sits on the higher end. The security trades at a price-earnings ratio of 25.35, and a price-sales ratio of 7.44, which are both excessive given ORCL's growth rate in recent years.
What's more, Oracle's revenues are up just 4% since 2018, after it experienced back-to-back years of annual revenue declines in 2019 and 2020. ORCL's bottom-line growth is extremely inconsistent, despite an impressive net income increase of 168% since 2018.
Nonetheless, ORCL’s forward price-earnings ratio of 21.79 indicates that the company is expected to continue to see an increase in earnings in the coming year, perhaps making Oracle stock an opportunity for short-term traders.
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Oracle working to double client numbers in Latin America
By: Luis Jaime Acosta | December 21, 2021
BOGOTA (Reuters) - Enterprise software maker Oracle Corp (NYSE:ORCL) will look to double its clients in Latin America and increase profits in 2022, a company executive told Reuters, adding that hitting these goals will depend on cultivating the right talent.
Oracle has some 7,000 clients across Latin America. It plans to train 40,000 young workers in a free program of social inclusion as part of its expansion plans, the company's executive vice president for Latin America, Luiz Meisler, said during a virtual interview on Monday.
The training scheme will be available exclusively for people unable to access paid education.
"Our estimate is that we will have 40,000 certified students ready to work in the market, which is growing a lot," Meisler said. He added that the numbers could be much higher amid great market demand.
"I have much more market than my current capacity for delivery; my limit is set by how many people I can train, so I would project growth of at least double," he said.
Under the Oracle Next Education (ONE) program, the company hopes to create opportunities and train future professionals who face challenges in accessing education and employment across Latin America.
There are around 23 million people between the ages of 15 and 24 across Latin America who are neither working nor studying, according to the World Bank.
Oracle is growing across Latin America as part of a process of expanding its cloud coverage and supporting strong client demand, Meisler said.
During 2022 the company, which serves 430,000 customers in 175 countries, will establish 14 new cloud regions across five continents. The expansion will include increasing its centers in Latin America to eight, which will be based in Brazil, Mexico, Chile and Colombia.
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Oracle (ORCL) Keeps Seeing Big Money
By: Lucas Downey | December 20, 2021
• Oracle Corporation (ORCL) stock has skied in 2021, gaining +49.4%.
And the corporate technology giant could rise even more due to an announced acquisition of health data firm Cerner. But another likely reason is Big Money lifting the stock.
So, what’s Big Money? Said simply, that’s when a stock goes up in price alongside chunky volumes. It’s indicative of institutions betting on the shares.
Smart money managers are always looking for the next hot stock. And Oracle has many fundamental qualities that are attractive.
This sets up well for the stock going forward. But how the shares have been trading points to more upside. As I’ll show you, the Big Money has been consistent in the shares all year.
You see, fund managers are always looking to bet on the next outlier stocks…the best in class. They spend countless hours sizing up companies, reading reports, speaking to analysts…you name it. When they find a company firing on all cylinders, they pounce in a big way.
That’s why I’ve learned how critical it is to gauge Big Money demand for shares. To show you what I mean, have a look at all the Big Money signals ORCL has made the last year.
The last few weeks have seen Big Money activity, too. Each green bar signals big trading volumes as the stock ramped in price:
Source: www.mapsignals.com
In 2021, the stock has attracted 22 Big Money buy signals. Generally speaking, recent green bars could mean more upside is ahead.
Now, let’s check out technical action grabbing my attention:
• 1-month outperformance vs. iShares Expanded Tech-Software Sector ETF (+13.9% vs. IGV)
Outperformance is important for leading stocks.
Next, it’s a good idea to check under the hood. Meaning, I want to make sure the fundamental story is strong too. As you can see, Oracle has been growing nicely. Take a look:
• 1-year earnings growth rate (+9.7%)
• 3-year earnings growth rate (+93.1%)
Source: FactSet
Marrying great fundamentals with technically superior stocks is a winning recipe over the long-term.
In fact, ORCL has been a top-rated stock at my research firm, MAPsignals, for years. That means the stock has buy pressure, strong technicals, and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.
ORCL has a lot of qualities that are attracting Big Money. And since 2015, it’s made this list 9 times, with its first appearance on 7/9/2019… and gaining 62.11% since. The blue bars below show the times that Oracle was a top pick since 2015:
Source: www.mapsignals.com
It’s been a top stock in the technology sector according to the MAPsignals process. I wouldn’t be surprised if ORCL makes additional appearances in the years to come. Let’s tie this all together.
The Bottom Line
The Oracle rally could have further to go. Big Money buying in the shares is signaling to take notice. Shares could be positioned for further upside. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a growth-oriented portfolio.
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Oracle’s Rally Takes a Short Pause. There’s Still More to Come
By: Barron's | December 17, 2021
Oracle shares have had a fantastic run in 2021. The stock is up 58% since Barron’s highlighted the enterprise software company’s impressive cloud progress in a February cover story.
Oracle (ticker: ORCL) has seen increased adoption of cloud-based versions of its database and application software, while showing strong growth for Oracle Cloud, an emerging rival to Amazon Web Services and Microsoft Azure.
But there’s a new wrinkle in the Oracle story. Late Thursday, The Wall Street Journal reported that Oracle is holding talks for a $30 billion acquisition of electronic medical records company Cerner (CERN).
Oracle shares slumped 6.4% on the news to $96.62, with investors likely concerned about how Oracle would finance the deal and how it would affect the company’s cloud push and stock buybacks.
It’s likely to be just a brief interruption for Oracle’s rally. The cloud growth is a multiyear opportunity.
Until the Cerner news, Oracle stock was basking in earnings glory. Earlier this month, Oracle said revenue for its fiscal second-quarter ended Nov. 30 was up 6% from the figure a year ago, well ahead of the company’s guidance.
Oracle CEO Safra Catz noted that combined cloud-based applications and database software revenue had risen 22% in the period, with growth likely accelerating in coming quarters. The stock rallied 15% on the news, to a record close.
Oracle has continued to support its stock with an aggressive repurchase program. The company bought back $7 billion worth in the latest quarter alone and has repurchased close to half of its shares over the past decade. The buybacks could be derailed by a deal for Cerner.
It’s worth noting that Oracle has been thinking about buying Cerner for a long time. Cerner’s name was on an internal list of nine potential Oracle M&A targets that surfaced in 2004. (Every other company on that list has now been acquired by Oracle, SAP , or someone else.)
Neither Oracle nor Cerner responded to requests for comment, but Oracle founder and Chairman Larry Ellison talked up the company’s interest in healthcare on the recent earnings call.
A Cerner acquisition would be the largest in Oracle’s long history of deal-making, which includes $9.3 billion for NetSuite in 2016, $7.4 billion for Sun Microsystems in 2010, $8.5 billion for BEA Systems in 2008, $5.9 billion for Siebel Systems in 2006, and $10.3 billion for PeopleSoft in 2005.
At $30 billion, Cerner would be priced at about five times Wall Street’s 2022 sales estimate of $6.1 billion. Stifel analyst Brad Reback points out in a research note that Cerner has a gross margin in the low 80% range, but operating margins of just 20%, “leaving a significant amount of operational efficiency to capture.”
It’s yet another opportunity for Larry Ellison and Safra Catz.
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Oracle is reportedly in talks to buy Cerner in a multi-billion dollar deal
By: Schaeffer's Investment Research | December 17, 2021
• Cerner Stock Hits Record High Amid Buyout Rumors
• Calls have been all the rage of late
The shares of electronic medical records provider Cerner Corporation (NASDAQ:CERN) are up 11.9% to trade at $88.93 this morning, after earlier surging to a new all-time high of $92.34. This bull gap came after the Wall Street Journal reported that Oracle (ORCL) is in talks to buy the company for potentially $30 billion.
The security was pacing for its best day since April 2008 earlier today, while also eyeing its fifth-straight win. CERN is also looking to close at its highest level o record, and has added 25.9% quarter-to-date.
There has been a preference for bullish bets over in the options pits. Over at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), 17.36 calls have been bought for every put during the past two weeks.
Today's options pits lean heavily bearish, however. So far, 12,000 puts have crossed the tape, or 78 times the intraday average. Most popular is the January 2022 85 put, where new positions are being opened.
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Oracle's (ORCL) Growing Cloud Region Footprint to Aid Prospects
By: Zacks Equity Research | December 16, 2021
Oracle (ORCL) recently unveiled one cloud region each in Italy and the Nordics as part of its strategy to expand its global cloud region footprint to 44 by 2022. With the opening of the Oracle Cloud Milan Region, Oracle now has 36 cloud regions globally. Prior to that, the company opened the Stockholm cloud region in the Nordics.
Milan and Stockholm Cloud regions are expected to strengthen the tech giant’s reach within the European Union. Oracle already has cloud regions in Marseille, Frankfurt, Amsterdam, U.K. and Switzerland.
Oracle further noted that the latest cloud regions would aid business enterprises across Italy and Nordics to accelerate digital transformation while conforming to regulatory-compliance requirements and adequately meeting the data residency needs.
The cloud regions will offer business enterprises various cloud services like Oracle Container Engine for Kubernetes, Oracle Autonomous Database, Oracle Cloud Applications services, and Oracle Cloud VMware solution.
The company is planning to open a second cloud region in France and a first cloud region in Spain, going ahead.
Oracle Corporation Price and Consensus
High Availability of Cloud Regions to Boost Cloud Business
Oracle is endeavouring to capture a large share of the global cloud market to boost the top line. The company’s infrastructure-as-a-service (IaaS), software-as-a-service (SaaS) and platform-as-a-service (PaaS) products are likely to gain strong traction over the next few years as enterprises rapidly migrate to the cloud environment.
For second-quarter fiscal 2022, management noted that the company’s IaaS and SaaS business increased 22% to $2.7 billion, respectively. Management stated that the company’s total cloud business revenues on annualized basis totaled $10.7 billion, while the cloud bookings growth rate was faster than the cloud revenue growth rate.
Higher availability of Oracle cloud regions globally is expected to fortify its competitive position in the cloud computing domain. In October 2021, Oracle announced that it would open 14 new cloud regions across Europe, the Middle East, Asia Pacific and Latin America to support its cloud services platform.
In November 2021, Oracle unveiled its first cloud region in France — Oracle Cloud Marseille Region. Following that, the company unveiled Oracle Cloud Singapore Region and launched its second cloud region in the United Arab Emirates — Cloud Abu Dhabi Region.
At present, Oracle carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
Competitive Landscape
Oracle needs to watch for intense competition in the cloud space. The cloud space is dominated by the likes of Amazon’s (AMZN) Amazon Web Services ("AWS") Microsoft’s (MSFT) Azure platform and Alphabet’s (GOOGL) Google cloud.
Per a Statista report, Amazon accounted for 32% of the global cloud infrastructure services market, followed by Microsoft (21%) and Alphabet’s Google Cloud (8%) in third-quarter 2021.
In the last reported quarter, Amazon’s AWS revenues (15% of total company sales) rose 39% year over year to $16.1 billion. Expanding AWS services portfolio is helping Amazon to maintain its dominance in the cloud domain by gaining more customers.
Amazon recently announced the opening of an AWS region in Jakarta, Indonesia. The company now has 84 AWS Availability Zones spread across 26 worldwide regions. Amazon is looking to unveil additional 24 AWS Availability Zones and another eight AWS Regions in New Zealand, Australia, Canada, India, Israel, Spain, Switzerland and the United Arab Emirates.
Microsoft’s performance is benefitting from strength in the Azure cloud platform amid the accelerated digital transformation taking place globally. Microsoft reported a 50% year-over-year (up 48% at constant currency) increase in Azure and other cloud services’ revenues in first-quarter fiscal 2022.
Azure’s increased availability in more than 60 announced regions globally is expected to have strengthened Microsoft’s competitive position in the cloud computing market.
In third-quarter 2021, Alphabet recorded a 44.9% year-over-year surge in Google Cloud revenues to $4.9 billion, which contributed 7.7% to quarterly revenues.
Google Cloud at present has 29 regions with 88 availability zones available across 200 countries and territories. The company is planning to open more regions, including Berlin (Germany), Doha (Qatar), Madrid (Spain), Paris (France), Milan (Italy), Dallas (United States of America), and Tel Aviv (Israel).
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JPMorgan Chase & Co. Reiterates "$110.00" Price Target for Oracle (ORCL)
By: MarketBeat | December 10, 2021
• Oracle (NYSE:ORCL) has been assigned a $110.00 price target by equities researchers at JPMorgan Chase & Co. in a report released on Friday, Borsen Zeitung reports. JPMorgan Chase & Co.'s price target suggests a potential upside of 6.92% from the stock's current price...
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Why Oracle (ORCL) Stock Can Rally Another 10% Above Today’s Record High
By: TheStreet | December 10, 2021
• Oracle stock is ripping to new all-time highs on strong earnings. Here's why the charts point to more potential upside.
The stock market is choppy on Friday following an in-line inflation report. However, there’s no doubt about where Oracle (ORCL) is going.
Shares are erupting higher on the day, up 15% after the company reported better-than-expected earnings on Thursday evening.
The move was enough to send Oracle stock to new record highs.
It’s not alone, either.
Broadcom (AVGO) is also hitting record highs on the day after it reported strong quarterly results too.
Not many look at Oracle stock for 10% or higher moves in a single day. But that’s exactly what we’re getting as strength in its cloud division drives the upside beats.
It's got momentum and now I’m looking at Oracle to see if it can deliver another 10% move to the upside.
Trading Oracle Stock
Daily chart of Oracle stock.
Chart courtesy of TrendSpider.com
Shares had peaked at $98.95 in mid-October, frustratingly short of the $100 mark.
It pulled back with the rest of the market earlier this month, with Oracle stock finding its footing around $88.
That is the range we are using now — $87.72 to $98.95 — to measure the potential upside extensions.
The first extension is near $106 and Oracle temporarily cleared that mark today. If it can continue higher, the 261.8% extension could eventually be on the table, up near $117.
I don’t expect the stock to hit this level in the next few days. However, if it can continue higher, this is a reasonable upside level for intermediate-term traders to target.
On the downside, buyers stepped in near the $100 mark on Friday, which is a bullish sign.
As long as the stock can maintain above the $99 to $100 area, the setup remains bullish in my view.
A close below these marks could have the 10-day and 50-day moving averages in play in the short term.
If we don’t have any meaningful dip in Oracle in the short term, look for the 10-day moving average to catch up to the stock price and act as support on the dips.
With today’s rally to new highs — particularly in the face of some market-wide indecision — look for Oracle to become a buy-on-dip candidate.
For now, over $99 to $100 is the key for bulls.
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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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