Several other equities analysts have also recently weighed in on ORCL. The stock tapped a 52-week high of US$37.39 while the 12-month Consensus Price Target is US$39.53. “Nearly all of the new applications will be on SaaS (Software as a Service) applications by 2025”, Oracle Corp CEO Mark V. Hurd told reporters here. DA Davidson reiterated a buy rating and set a $52.00 target price on shares of Oracle Corp.in a research report on Saturday. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. The company has a consensus rating of “Buy” and a consensus price target of $44.88. A Director at Oracle Corporation (ORCL) sold shares in a trading activity completed on Thursday September 15, 2016. There are now 3,926,987,274 shares in issue with the average daily volume traded being 11,933,069. The company has a market capitalization of $161.73 billion, a P/E ratio of 18.95 and a beta of 1.08. The Stock has its 52-week High of $42 and 52-Week Low of $33.13 and it touched its 52-week high on Mar 21, 2016 and 52-Week Low on Jan 20, 2016.
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U.S. based company, Oracle Corporation’s (ORCL)’s latest closing price distance was 0.83% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -4.44% and -4.07% compared with the 20 Day Moving Average. After $0.76 actual earnings per share reported by Oracle Corporation for the previous quarter, Wall Street now forecasts -28.95% negative EPS growth.
Larry Ellison used most of his hour-long keynote session slot at this week’s Oracle Open World conference in San Francisco to trash Amazon and its $10 billion Amazon Web Services cloud computing platform. Quarterly performance shows a value of -0.9% and Half Year Performance value stands at -5.02%. AWS grossed $2.9 billion in the second quarter, compared with less than $1 billion for Oracle’s total cloud revenues. At present, 1 analysts recommended Selling these shares while 14 recommended Hold, according to FactSet data.
The firm’s current ratio calculated as 0.70 for the most recent quarter. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.60 dividend on an annualized basis and a yield of 1.53%. Stock value has moved between $114.81 – 165.42 in last one year. Citigroup has “Neutral” rating and $41 price target.
The stock decreased 4.75% or $1.94 on September 16, hitting $38.92. The disclosure for this sale can be found here. The company’s institutional ownership is monitored at 60.8%.
Institutional investors have recently added to or reduced their stakes in the company. Eagle Capital Management Llc owns 45.32 million shares or 7.97% of their U.S. portfolio. The stock finally closed in the red at $39.61, a loss of -4.75%. WESPAC Advisors SoCal LLC now owns 2,900 shares of the enterprise software provider’s stock valued at $119,000 after buying an additional 500 shares during the period. Finally, Proficio Capital Partners LLC raised its position in shares of Oracle Corp.by 46.9% in the second quarter.
“This will change the way that people consume our (technology)”, Kurian said, noting that more than 60,000 customers have cloud-related Oracle products and services. In addition, Oracle Bare Metal Cloud Services provide a secure, private and high-performance software defined Virtual Cloud Network (VCN) that allows customers to treat Oracle Bare Metal Cloud Services as a secure and elastic extension of their on-premise network.
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By “complete suite of cloud offerings”, we refer to Infrastructure-as-a-Service (IaaS), as well as Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS).
