Oracle's Push Into Cloud Gathers More Momentum on Sales Growth

Oracle's Push Into Cloud Gathers More Momentum on Sales Growth

Oracle's Push Into Cloud Gathers More Momentum on Sales Growth

BTIG Research initiated Oracle Corporation (NYSE:ORCL) on Thursday, September 10 with "Buy" rating. OTR Global raised Oracle Corporation to a "positive" rating in a research report on Thursday, June 8th.

Among 13 analysts covering Lloyds Banking (NYSE:LYG), 4 have Buy rating, 6 Sell and 3 Hold.

Canaccord Genuity also raises its Oracle price target by $1 to $57 and maintains a Buy rating. Intersect Capital Ltd Co holds 0.36% of its portfolio in Oracle Corporation (NYSE:ORCL) for 12,388 shares. 65,234,251 shares of the stock traded hands. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $53.14. Anderson Hoagland & Co who had been investing in Oracle Corp for a number of months, seems to be less bullish one the $218.38B market cap company. The firm has a 50-day moving average of $50.01 and a 200 day moving average of $46.93.

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In terms of guidance, the company said it expects to bring in 64 to 68 cents in earnings per share and 2 percent to 4 percent revenue growth - with 39 percent to 42 percent cloud revenue growth - in constant currency for the second quarter of the 2018 fiscal year. The quarter marked the first time Oracle reported more sales from its cloud offerings than new software licenses, which fell by 6 percent from last year's first quarter, to $966 million.

What Historical Figures Say About Oracle Corporation (NYSE:ORCL)? The company's SaaS revenues were up 62 percent to $1.1 billion. During the same period in the previous year, the firm earned $0.55 EPS. Goldman Sachs upgraded RWE AG (ADR) (OTCMKTS:RWEOY) on Thursday, June 8 to "Buy" rating. If you are accessing this news story on another publication, it was illegally copied and republished in violation of worldwide copyright & trademark law. The original version of this article can be read at https://www.truebluetribune.com/2017/09/15/oracle-corporation-orcl-rating-reiterated-by-mitsubishi-ufj-financial-group.html. The company recently announced a dividend for shareholders paid on Wednesday the 2nd of August 2017. The dividend was $0.190 per share for the quarter or $0.76 annualized. Oracle Corporation's dividend payout ratio (DPR) is presently 34.55%. Given that liquidity is king in short-term, ORCL is a stock with 4.15 billion shares outstanding that normally trades 1.11% of its float. Oracle had 81 analyst reports since July 30, 2015 according to SRatingsIntel. Noting its average daily volume at 14.11 million shares each day over the month, this signifies a pretty significant change over the norm. The ex-dividend date was Monday the 17th of July 2017. For the quarter, shares have been noted at 18.15%. The disclosure for this sale can be found here.

Looking into last 5 trades, the stock observed a return of nearly 3.51%. It also upped Fortive Corp stake by 29,711 shares and now owns 65,365 shares.

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Update: Oracle's revenue outlook missed estimates.

In addition, the profit margin in cloud software must be higher than 80%. As of quarter end Cantab Capital Partners Llp had bought 31,540 shares growing its holdings by 61.5%. Partnervest Advisory Svcs Ltd Liability Corp reported 7,116 shares.

Verizon Communications Inc. (VZ) exchanged hands at an unexpectedly low level of 11.8 million shares over the course of the day. Eagle Asset Management Inc. purchased a new position in Oracle Corporation during the 1st quarter worth $1,522,000.

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Oracle Corporation (Oracle), launched on October 9, 2005, provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure.

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