Oracle's Cloud-Computing Guidance Raises Concerns About Growth

The Core Reasons To Buy Oracle Haven't Changed

Additionally, ORCL had a day price range of $52.32 to $53.14.

Rosenblatt Securities reaffirmed their buy rating on shares of Oracle Corporation (NYSE:ORCL) in a research report sent to investors on Monday. Massachusetts Financial Services Communications Ma reported 0.88% of its portfolio in Oracle Corporation (NYSE:ORCL). Rosenblatt maintained the stock with "Buy" rating in Thursday, June 22 report. Finally, Goldman Sachs Group, Inc. "Using AI to eliminate most sources of human error enables Oracle to offer database SLA's that guarantee 99.995 percent reliability while charging much less than AWS". Out of 3 Wall Street analysts rating SL Green Realty, 1 give it "Buy", 0 "Sell" rating, while 2 recommend "Hold". The mean target price as estimated by the analysts for the company has been recorded at $55.72. Wade G W And has 0.18% invested in Oracle Corporation (NYSE:ORCL). Shares are now up +31.16% over the past year, outperforming the broad market by 79.8% and outperformed a peer group of similar companies by 41%. The stock has a 50 day moving average of $50.01 and a 200 day moving average of $46.93. Canaccord Genuity reissued a buy rating and issued a $49.00 target price on shares of Oracle Corporation in a report on Friday, May 26th.

The P/E ratio is 23.92 and the market cap of the company is 218.67B. (ORCL) on Thursday reported fiscal first-quarter earnings of $2.21 billion. The enterprise software provider reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.01.

Total cloud business revenue rose to $1.47 billion in the three months ended August 31, while it increased to $5.92 billion in the company's traditional software licensing business.

"Although Oracle's transition to the cloud has proven to be an arduous journey over the past three-plus years, we believe the worst is over", White wrote. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & global copyright and trademark laws.

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06/26/2017 - Oracle Corporation had its "overweight" rating reiterated by analysts at Mitsubishi UFJ.

A total of 34 analysts have reported on the stock. They have suggested that shares may rise to $56 in the near term. The Fiera Capital Corp holds 6.55M shares with $252.04 million value, up from 5.66 million last quarter. The shares were sold at an average price of $48.86, for a total value of $183,225.00. The disclosure for this sale can be found here. The stock now has Monthly Volatility of 1.11% and Weekly Volatility of 1.18%. It is flat, as 67 investors sold ORCL shares while 585 reduced holdings. only 87 funds opened positions while 431 raised stakes.

Oracle forecast its cloud revenue would increase between 39% and 43% in the quarter.

However, subsequent to that, it is also easy to see when the shares began their descent when the conference began and Company discussions and answers were not as positive about the upcoming quarter. LGT Capital Partners LTD. boosted its stake in Oracle Corporation by 14.0% during the 2nd quarter. Lockheed Martin Investment Management Co. increased its holdings in Oracle Corporation by 21.4% during the 1st quarter. The firm continues to manage its on-premises business well despite material long-term headwinds, as license revenue fell 6% (roughly in line with our expectations), while maintenance revenue expanded roughly 3%. Oracle Corporation's stock is -2.91% away from its 20-Day Simple Moving Average.

Total cloud revenue grew 51 percent to $1.5 billion, fueled by sales of software-as-a-service applications, which grew 62 percent, to $1.07 billion.

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