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Oracle Corporation stock price
Oracle Corporation latest news:
Oracle backs tougher foreign investment bills aimed at China
Software maker Oracle Corp (ORCL) is backing bipartisan legislation that aims to toughen foreign investment rules amid increasing concern over Chinese efforts to buy U.S. high-tech companies, according to a letter seen by Reuters on Wednesday.
Soros sells Twitter, Facebook, Apple and Snap
George Soros's hedge fund, Soros Fund Management LLC, eliminated or reduced investments in some of the biggest names in tech last quarter, including Facebook Inc. and Apple Inc. Soros divested a 1,700-share stake in Apple as well as 1.55 million shares of Snapchat parent company Snap Inc. , according to a quarterly filing with the Securities and Exchange Commission. The hedge fund greatly decreased its holdings in Facebook and Twitter Inc. , cutting Facebook shares from 476,713 shares to 109,451 and chopping investments in Twitter's stock and debt. Among the new investments Soros opened in the quarter were General Electric Co. , General Motors Co. , Campbell Soup Co. and Oracle Corp. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Oracle's stock slumps after downgrade at UBS
Shares of Oracle Corp. shed 1.8% in morning trade Thursday, after the software company was downgraded at UBS, which cited concerns over valuation has the company pivots from its dominant position on premise to the highly competitive cloud market. Analyst Jennifer Swanson Lowe assumed coverage of Oracle with a neutral rating and a $55 stock price target, down from a previous rating of buy and a price target of $57. While "pushing hard into the cloud is the right move for Oracle's future," the stock's current premium valuation "leaves little room for error, and [Wall] Street estimates do not seem to fully reflect the near-term risk to margins or growth as the model shifts," Lowe wrote in a note to clients. The stock has rallied 29% year to date, while the SPDR Technology Select Sector ETF has climbed 31% and the S&P 500 has gained 15%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Oracle tapping corporate bond market with deal that could total $10 billion
Oracle Corp. tapped the corporate bond market Tuesday with a deal expected to total about $10 billion, according to research firm CreditSights. That would eclipse the $7 billion offering from Apple Inc. on Monday. Initial price talk on the Oracle notes suggested they will price 10 to 17.5 basis points wider than the Apple notes. Oracle is offering five tranches, including a 30-year tranche. CreditSights reiterated a market perform recommendation on the new deal and said it would recommend participating as long as final pricing is 5 basis points wider than Apple priced. Oracle's most active bonds, the 2.650% notes that mature in July of 2026, were last trading at 96.75 cents on the dollar to yield 3.079%, or at a spread of 77 basis points over comparable Treasurys, according to MarketAxess. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Warren Buffett: Bitcoin is a 'real bubble'
The “Oracle of Omaha” reportedly told attendees of a Q-and-A session in Omaha, Nebraska earlier this month that the popular cryptocurrency’s exploding value is a bubble waiting to burst.
BRIEF-Equinix to launch direct access to Oracle Cloud infrastructure in 16 new markets
* Equinix to launch direct access to Oracle Cloud
infrastructure in 16 additional markets
CORRECTED-UPDATE 1-Oracle Co-CEO questions policies on student visas
SAN FRANCISCO, Oct 2 (Reuters) - Oracle Corp
Co-Chief Executive Mark Hurd on Monday said he does not
understand Trump administration immigration policies that make
it difficult for foreigners to work in the United States after
earning an education here.
BRIEF-Oracle Corp says CEO Safra Catz's FY 2017 total compensation was $40.73 mln - SEC Filing
* Oracle Corp says CEO Safra Catz's FY 2017 total
compensation was $40.73 million versus $40.94 million in FY 2016
- SEC Filing
Oracle stock flips to a post-earnings loss after guidance
Oracle Corp. stock flipped from a post-earnings gain to a decline in late trading Thursday after the software company's guidance came in below analysts' expectations. Oracle stock moved to levels that would have been all-time highs after revealing a first-quarter earnings beat Thursday afternoon, but shares dropped to a decline of about 5% when the company revealed its guidance on a conference call. Co-Chief Executive Safra Catz said Oracle expects adjusted profit of 64 cents to 68 cents a share in the fiscal second quarter, with year-over-year revenue growth of 2% to 4%, all in constant currency. Analysts on average were projecting adjusted earnings of 68 cents a share and revenue growth of about 4.7%, according to FactSet. Oracle stock fell close to $50 a share after closing at $52.79. Oracle set new record closing prices three straight days this week ahead of its earnings report, gaining 37.3% in 2017 through Thursday's close, while the S&P 500 index gained 11.6% in that time.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Why Oracle Earnings Are So Great
BRIEF-Oracle Corp reports Q1 GAAP earnings per share $0.52
* Q1 fy18 GAAP eps up 19 pct to $0.52 and non-GAAP eps up 12
pct to $0.62
Oracle shares rise as earnings, revenue top Street view
Oracle Corp. shares ticked higher in the extended session Thursday after the enterprise software giant topped Wall Street estimates for the quarter. Oracle shares advanced 1.8% to $53.67 after hours. The company reported fiscal first-quarter net income of $2.21 billion, or 52 cents a share, compared to $1.83 billion, or 43 cents a share, in the year-ago period. Adjusted earnings were 62 cents a share. Revenue rose to $9.19 billion from $8.6 billion in the year-ago period. Analysts surveyed by FactSet had estimated 60 cents a share on revenue of $9.03 billion. Oracle reported total cloud revenue of $1.47 billion, and total on-premise software revenue of $5.92 billion, along with new software licenses revenue of $966 million. Analysts, on average, had forecast total cloud revenue of $1.48 billion, and total on-premise software revenue to be flat at around $5.82 billion.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
What to Expect From Oracle Earnings
Oracle shares close at record a day before earnings release
Oracle Corp. shares closed at a record high Wednesday, their third in as many sessions, the day before the enterprise software giant reports quarterly earnings late Thursday. Oracle shares rose less than 0.1% to close at $52.80, after touching an all-time intraday high of $52.98, on volume of 13.8 million shares, slightly higher than the 52-week average daily volume of 12.6 million shares. Shares have crept to record highs following a 1.8% surge on Monday. Shares are up 37% for the year, compared with the 20% rise on the Nasdaq Composite Index . Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Oracle shares close at record high ahead of Thursday earnings
Investors drove shares of Oracle Corp. to a record close of $52.48 Monday, ahead of the company's first-quarter earnings for fiscal 2018. Shares briefly touched a record intraday high of $52.61 before settling slightly lower at the bell. Oracle is set to report results Thursday at the close, and has beaten Wall Street expectations for the last three quarters. Analysts are modeling sales of $9.02 billion on adjusted earnings of 47 cents a share, according to FactSet. The enterprise software company's stock has tripled the gains made this year S&P 500 index , and is up 36% compared with the S&P's 11.1%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
This Week: Apple showcase, producer prices, Oracle earnings
A look at some of the key business events and economic indicators upcoming this week: A NEW IPHONE?
Oracle (ORCL) Enhances IoT Portfolio with New Capabilities
Oracle Corp ORCL recently announced notable changes in its Internet of Things IoT Cloud offerings The product portfolio now includes artificial intelligence AI and machine learning features that strengthen digital twinning i e simulation of physical devices and the interconnection
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