Followers | 689 |
Posts | 143817 |
Boards Moderated | 35 |
Alias Born | 03/10/2004 |
Thursday, December 23, 2021 1:10:39 PM
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.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent ORCL News
- Oracle Delivers New Electronic Health Record Innovations • PR Newswire (US) • 09/18/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/18/2024 12:34:23 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/18/2024 12:33:33 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/18/2024 12:31:31 AM
- Oracle Supports the Veteran Interoperability Pledge • PR Newswire (US) • 09/17/2024 08:40:00 PM
- Oracle Releases Java 23 • PR Newswire (US) • 09/17/2024 02:30:00 PM
- New Oracle Cloud Service Helps Banks Quickly Identify Financial Crime Risk • PR Newswire (US) • 09/17/2024 12:00:00 PM
- Hyatt Selects Oracle OPERA Cloud as Property Management System for its Global Properties • PR Newswire (US) • 09/17/2024 11:45:00 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/16/2024 03:35:42 PM
- Intel Secures $3.5 Billion Subsidy, Stellantis Backs EU Emissions Targets, BP and Apollo Reach $1 Billion Deal • IH Market News • 09/16/2024 10:03:27 AM
- OpenAI Unveils Strawberry AI Model Series; Boeing Stock Falls 4% Amid Strike; HR Surges 20% on Growth Forecast • IH Market News • 09/13/2024 10:12:55 AM
- Oracle Expands Multicloud Capabilities with AWS, Google Cloud, and Microsoft Azure • PR Newswire (US) • 09/11/2024 06:30:00 PM
- Oracle Adds Powerful New AI Capabilities Across Oracle Fusion Cloud Applications Suite • PR Newswire (US) • 09/11/2024 01:20:00 PM
- Oracle AI Agents Help Organizations Achieve New Levels of Productivity • PR Newswire (US) • 09/11/2024 01:18:00 PM
- Oracle Offers First Zettascale Cloud Computing Cluster • PR Newswire (US) • 09/11/2024 01:16:00 PM
- Oracle Helps Customers Build Smart and Responsive Supply Chains • PR Newswire (US) • 09/11/2024 01:14:00 PM
- Oracle Helps Customers Accelerate Progress on Sustainability Initiatives with Oracle Fusion Cloud Sustainability • PR Newswire (US) • 09/11/2024 01:12:00 PM
- Oracle Helps Healthcare Organizations Automate Inventory Management with RFID • PR Newswire (US) • 09/11/2024 01:10:00 PM
- Oracle Helps HR Teams Nurture Talent and Optimize Workforce Performance • PR Newswire (US) • 09/11/2024 01:08:00 PM
- Mixed Inflation Data May Lead To Initial Pullback on Wall Street • IH Market News • 09/11/2024 01:06:53 PM
- Oracle Unity CDP Helps Organizations Leverage AI to Grow Revenue • PR Newswire (US) • 09/11/2024 01:06:00 PM
- Oracle Helps Organizations Make B2B Buying Experiences Easier • PR Newswire (US) • 09/11/2024 01:04:00 PM
- Oracle Expands its Distributed Cloud Capabilities to Help Organizations Innovate with AI • PR Newswire (US) • 09/11/2024 01:02:00 PM
- Oracle Industry Playbooks Help Customers Grow Their Businesses • PR Newswire (US) • 09/11/2024 01:00:00 PM
- Uber Runs on Oracle Cloud Infrastructure • PR Newswire (US) • 09/11/2024 12:02:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM