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Tag: Oracle Stock

  • 15 Software – Infrastructure Stocks to Watch

    15 Software – Infrastructure Stocks to Watch

    “IT Infrastructure Software Market” Research Report 2020-2025, published on Oct 15, 2020, is a detailed analysis of the current state of the market for the IT Infrastructure Software industry based on historical trends and forecasts. This report tackles the IT Infrastructure Software market segment from a basic overview to a detailed description of the IT Infrastructure Software market. Furthermore, it offers a detailed look at the key vendors, top regions, product types, and end industries of the IT Infrastructure Software marketplace. It provides historical data on the IT Infrastructure Software market trends, growth, revenue, capacity, cost structure, and key driver’s analysis.

    Besides, market dynamics (such as driver factors, restraining factors) and industry news (like mergers, acquisitions, and investments) are also considered in the report. The increase in technological innovations and advancements will enhance the product’s performance, making it more widely used in downstream applications. Furthermore, Porter’s Five Forces Analysis (potential entrants, suppliers, substitutes, buyers, and industry competitors) provides essential information for understanding the IT Infrastructure Software market.

    Palantir Technologies Inc. (NYSE:PLTR) shares were trading down -1.93% at $25.92 at the time of writing on Wednesday. The company recently declared that it was awarded a $44.4m, three-year contract with the U.S. Food and Drug Administration (FDA).

    Palantir Technologies Inc. (NYSE:PLTR) share price went from a low point around $8.90 to briefly over $33.50 in past 52 weeks, though shares have since pulled back to $25.92. PLTR market cap has remained high, hitting $44.89B at the time of writing, giving it price-to-sales ratio of more than 40.

    If we look at the recent analyst rating PLTR, Morgan Stanley downgraded coverage on PLTR shares with an Underweight rating and a $14.33 price target, which implies room for -11.59% downside momentum this year.

    Microsoft Corporation (MSFT) last closed at $219.28, in a 52-week range of $132.52 to $232.86. Microsoft Corp. and Warner Bros. reported an epic partnership to celebrate the release of the new movie “Space Jam: A New Legacy,” coming in 2021. Analysts have a consensus price target of $239.71.

    Oracle Corporation (ORCL) stock soar by 1.49% to $62.78. The firm recently revealed fiscal 2021 Q2 results. Total quarterly revenues were up 2% year-over-year to $9.8 billion. C The most recent rating by BofA Securities, on December 16, 2020, is at a Neutral.

    Square Inc. (NYSE:SQ) Shares headed rising, higher as much as 3.22%. Lately, the company declared that its commerce platform now powers payments, e-commerce, and point of sale at nearly a dozen renowned ski resorts across the U.S. and Canada in partnership with POWDR. The most recent rating by Seaport Global Securities, on December 07, 2020, is at a Buy.

    Dropbox Inc. (NASDAQ:DBX) rose 1.73% after gaining more than $0.4 on Wednesday after reporting that it has been positioned by Aragon Research, Inc. in the Leader section of the Globe for Digital Work Hubs, 2021 for the second year in a row.

    BlackBerry Limited (BB) last closed at $8.24, in a 52-week range of $2.70 to $9.69. Today, the company will report results for the third quarter of fiscal year 2021 at 5:30 p.m. ET. Analysts have a consensus price target of $6.07.

    NortonLifeLock Inc. (NLOK) stock soar by 2.10% to $20.38. The company on December 7, 2020 revealed that it has agreed to acquire Avira in an all-cash transaction for approximately $360 million from Investcorp Technology Partners. The most recent rating by Argus, on August 21, 2020, is at a Buy.

    FireEye Inc. (NASDAQ:FEYE) Shares headed rising, higher as much as 2.77%. The company on December 11, 2020 reported that the $400 million strategic investment led by funds managed by Blackstone Tactical Opportunities has closed. The most recent rating by Barclays, on November 20, 2020, is at an Underweight.

    CrowdStrike Holdings Inc. (NASDAQ:CRWD) rose 2.78% after gaining more than $4.86 on Wednesday. On December 8, 2020, the firm released the annual CrowdStrike Services Cyber Front Lines Report, which brings together the insights and observations of CrowdStrike’s global incident response (IR) and proactive services teams in 2020.

    Cloudflare Inc. (NET) last closed at $81.81, in a 52-week range of $15.05 to $86.21. On December 7, 2020 released Data Localization Suite to give businesses across the globe tools to address their data locality, privacy, and compliance needs. Analysts have a consensus price target of $69.06.

    Box Inc. (BOX) stock soar by 3.17% to $18.85 after the defense contract management agency selected Box for cloud content management. The most recent rating by Craig Hallum, on May 28, 2020, is at a Buy.

    SolarWinds Corporation (NYSE:SWI) Shares headed falling, lower as much as -0.17%. The most recent rating by Berenberg, on October 07, 2020, is at a Buy.

    Adobe Inc. (NASDAQ:ADBE) rose 1.50% after gaining more than $7.26 on Wednesday. The company on December 10, 2020 declared financial results for its fourth quarter and fiscal year ended Nov. 27, 2020.

    Nutanix Inc. (NTNX) last closed at $30.98, in a 52-week range of $11.31 to $37.86. On December 10, 2020, the firm revealed that it has been named a Leader by Gartner, Inc. in the December 2020 Magic Quadrant for Hyperconverged Infrastructure Software. Analysts have a consensus price target of $33.64.

    Okta Inc. (OKTA) stock soar by 1.87% to $259.93. The most recent rating by JP Morgan, on December 09, 2020, is at a Neutral.

  • Oracle (ORCL) Stock – Medium Term Growth Possible

    For the 3 months ended November 30, 2020, Oracle Corporation announced financial results. Net profit under GAAP was $2.4 billion which rose +6 percent year-on-year, and were up +8 percent quarter-on-quarter basis. Diluted earnings per share of $0.80 increased by +16 percent year on year and was about +11 percent quarter on quarter.

    The company’s revenue for the quarter was $9.8 billion which also came above +2% YoY and +5% QoQ, the GAAP operating margin rose to 37% against last year’s 33 percent rise and last quarter’s increase of 34 percent. Owing to outperforming sales performance, the GAAP operating margin showed a positive trend compared to a year ago.

    Larry Ellison, Oracle Chairman and CTO, said The Gen2 cloud infrastructure attracts customers and increases revenue at a rate exceeding 100 percent per year,” The demand for second-generation cloud-based computing exceeds the plan, and the organization is opening new data centers. In 2020, Oracle opened 13 additional regional data centers, taking the total to 29 worldwide regional data centers. A quarterly cash dividend of $0.24 per share of outstanding common stock was announced by the board of directors. The dividend will be paid at the close of business on 7 January 2021 to registered shareholders with a payment date of 21 January 2021.

    Oracle predicts diluted earnings per share in the range of $0.82 to $0.86 in its projections for the coming year. This is good news for the group, according to our estimates. The business shows good financial results, and the profitability improvement indicates high-quality sales growth and a strong market position that will enable the business to expand further.

    Moreover the stock succeeded to performed though not impressively but up to a satisfactory level as it rose value by 20 percent over the past 6 month while the business added value of more than 16 percent to its stock since start of this year. At current levels, Oracle Corporation (ORCL) stock has a medium term growth margin of about 2 percent in hitting $63.31 mark, but has potential worth more than that.

  • Oracle Corp. (ORCL) Stock Spikes after It Surpasses Q1 Estimates

    Oracle Corp. (ORCL) Stock Spikes after It Surpasses Q1 Estimates

    Oracle beats the Q1 consensus estimate and wins new cloud business with top brands over the quarter.

    Oracle Corporation (ORCL) outstripped the Q1 consensus forecast of Wall Street, along with the company sealing deals with McDonald’s and Albertsons for providing its cloud-based services.

    The database software giant surged to almost 6% on Thursday followed by the release of fiscal Q1 results ended August 31, 2020. The company recorded a 2% increase in its revenue on an annual basis reported at $9.37 billion, versus a 6.3% decline in the same period last year. Oracle surpassed the expected revenue of $9.19 billion.

    The pershare earnings were expected to be around $0.86 as per Wall Street consensus, which topped the estimates reported at $0.93 per share.

    The net income for the fiscal first quarter was $2.25 billion (or $0.72 per share) compared to $2.14 billion (or $0.63 per share) in the prior year period. The CEO of Oracle, Safra Catz highlighted that the business was interrupted for a brief period only by the COVID-19 pandemic.

    Oracle completed major could infrastructure deals which includes, McDonald’s migrating its North American financial systems to Oracle Cloud Infrastructure. Moreover, Albertsons, one of the largest grocers in North America, is also adopting Oracle Cloud HCM.

    Safra Catz mentioned that their cloud applications businesses continued their rapid revenue growth. She stated:

    “Our infrastructure businesses are also growing rapidly as revenue from Zoom more than doubled from Q4 last year to Q1 this year. I have a high level of confidence that our revenue will accelerate as we move on past COVID-19.”

    Followed by the two major companies adding Oracle cloud services to their network, a global information management services company, Iron Mountain will also be using Oracle’s Cloud ERP and Procurement tools. Another company, the health insurer Humanawill be using Oracle’s Health Insurance Claims Administration Cloud Service.

    The majority of Oracle’s revenue comes from its cloud services and license support segment. It reported a 2% sales increase to $6.95 million which was just ahead of the estimated $6.93 billion. While the cloud license and on-premise license segment surged by 9%, recording $886 million compared to consensus estimate of $749 million. The following consensus estimates were projected by FactSet.

    It was being reported that Oracle was going to acquire the video-sharing platform from its owner ByteDance.In August, President Donald J. Trump showing supportto Oracle stated that it can be the one to take over Tik Tok, as he has had concerns over the Chinese-based app.

    During the investors’ conference for the Q1 results, Catz at the beginning of the call commented;

    “I want to make sure you understand that we will be making no comments regarding the press reports about TikTok, so there’s no need to ask.”

    The company presented the fiscal Q2 guidance, as Oracle expects $0.92 to $1.02 per share in adjusted earnings, and sees revenue growth between 1% to 3%. Oracle did not issue full-year guidance but it believes that once they get over this pandemic, the company expects to record higher growth in revenues.

    Market Overview

    Oracle shares are up almost 8% since the start of the year, while the S&P 500 index has gained about 3%.

    After the announcement of Q1 and its surprising results, Oracle Corporation (ORCL) made a strong move in yesterday’s trading session ending the day at $57.33 up by 0.67%.

    As we write this before hours, at 7:06 A.M. EDT, Oracle Corporation (ORCL) had surged up 5.11% trading at $59.70.