Oracle downgraded to sector weight from overweight at KeyBanc Capital Markets
Oracle downgraded to sector weight from overweight at KeyBanc Capital Markets
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$51.95 | -0.32 | -0.61% | -0.32 -0.61% |
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Oracle downgraded to sector weight from overweight at KeyBanc Capital Markets
Oracle shares down 6% after revenue outlook fall short of Street view
Oracle Corp. shares slipped in the extended session Monday after the enterprise software company's earnings topped Wall Street estimates but revenue did not. Oracle shares fell 2.6% after hours, following a decline of 0.6% to close at $51.95 in the regular session. The company reported a fiscal third-quarter loss of $4.02 billion, or 98 cents a share, compared with a profit of $2.24 billion, or 53 cents a share, in the year-ago period. Excluding charges from the U.S. tax overhaul, adjusted earnings were 83 cents a share. Revenue rose to $9.77 billion from $9.21 billion in the year-ago period. Analysts surveyed by FactSet had estimated 72 cents a share on revenue of $9.78 billion.
Oracle Q3 adjusted EPS 83c vs 72c Street view
Oracle Q3 revenue $9.77 bln vs $9.21 bln year ago
Oracle Q3 per-share loss 98c vs 53c EPS year ago
Oracle Corp. said Thursday that it would be acquiring Zenedge, a cybersecurity company that helps protect cloud-based critical IT systems. The company helps businesses secure applications and databases from dangerous web traffic via its web application firewall (WAF) and distributed denial of service (DDoS) mitigation products, Oracle said. "The combination with Zenedge equips Oracle Cloud Infrastructure with integrated, next-generation network and infrastructure security, to address modern security threats," said Don Johnson, Oracle's senior vice president of product development, in a release. Zenedge's chief executive said in the release that the company's products contribute to a "99% reduction in illicit website traffic [and] a 99.75% improvement in page load times." Terms of the deal weren't disclosed. Oracle shares are up 19% over the last 12 months, while the S&P 500 is up 15% in that time.
Oracle buys cloud-based security company Zenedge
Oracle Corp. said it was opening 12 new datacenter regions as it expands the breadth and depth of its cloud business in Asia, Europe and the Americas. The expansion in Asia includes China, India, Japan, Saudi Arabia, Singapore and South Korea; in Europe, the expansion includes Amsterdam and Switzerland; and in the Americas, it includes two centers in Canada and two new U.S. locations, to support the U.S. Department of Defense. The company said that as it expands its cloud business, it expects margins to to expand as well. Oracle did not provide information on hiring plans or costs. The stock, which was indicated up about 1% in premarket trade, has lost 3.2% over the past three months while the S&P 500 has gained 1.4%.
Oracle to open 12 datacenter regions to expand cloud capabilities
Oracle Corp.’s shares sank 6.5% in late trading Monday after the company disappointed Wall Street with its guidance for cloud-computing revenue in the current quarter—the third-consecutive period it has done so.
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Oracle is set to report earnings for its fiscal third quarter after the close of trading Monday.
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Your budgets are rising. So says the Oracle in Redwood Shores. Spending on enterprise information technology is set to accelerate, fueled by U.S. corporate tax cuts, global economic gains and a backlog of aging corporate IT systems that need to be replaced, Oracle's Mark Hurd said Monday at an event in New York.
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As technology changes how researchers work, the ways researchers consider ethics and scientific integrity must change as well. The Université Paris-Saclay in France tackled the issue.
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Flossbach von Storch is on record for owning GE stock for the first time in four years. A big bet on Electronic Arts.
Wall Street has boosted the dividend projections for these giants by at least 2% over the last six months.
Silicon Valley threw its support behind the congressional tax overhaul. How much will the new rules help the bottom line of firms such as Amazon, Apple and Alphabet?
Oracle's (ORCL) CEO Safra Catz and Mark Hurd on Q3 2018 Results - Earnings Call Transcript
Oracle Corp.’s shares sank 6.5% in late trading Monday after the company disappointed Wall Street with its guidance for cloud-computing revenue in the current quarter—the third-consecutive period it has done so.
Oracle Corporation (ORCL) just released its latest quarterly financial results, posting non-GAAP earnings of $0.83 per share and revenues of $9.8 billion.
Oracle Corporation (ORCL) Shares Slip on Revenue Miss
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Oracle reports earnings with a market-neutral P/E ratio of 22.43 and a dividend yield of just 1.45% but under a cloud called a "key reversal."
Oracle is set to report earnings for its fiscal third quarter after the close of trading Monday.
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Oracle Corp. engages in the provision of products and services in the field of information technology. It operates through the following segments: Cloud and On-Premise Software, Hardware, and Services. The Cloud and On-Premise Software segment markets, sells, and delivers applications, platform, and infrastructure technologies. The Hardware segment comprises of hardware products and hardware-related software products including Oracle Engineered Systems, servers, storage, industry-specific hardware, virtualization software, operating systems, management software, and related hardware services including hardware support. The Services segment comprises of consulting services, advanced support services, and education services. The company was founded on June 16, 1977 by Lawrence Joseph Ellison, Robert Nimrod Miner and Edward A. Oates and is headquartered in Redwood City, CA. (See Full Profile)
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