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Oracle Corporation latest news:
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
Oracle's stock climbs after analyst upgrade on cloud optimism
Shares of Oracle Corp. were indicated up nearly 1% in premarket trade Wednesday, after the software giant was upgraded at KeyBanc Capital, which cited increasing confidence in the company's cloud offerings. Analyst Monika Garg raised her rating to overweight, after being at sector weight since October 2015. She kept her stock price target at $61, which implies a 24% gain from Monday's closing price of $49.36. Garg said there were four main reasons for the upgrade: 1) Oracle's cloud business could double to a $12 billion business within two years; 2) the conversion of Oracle's existing customers to the cloud is still in its early stages; 3) the growth of artificial intelligence will help fortify Oracle's power of incumbency; and 4) margins could start expanding after years of cloud investment. "We have increasing confidence in the multiyear potential within cloud where optimism is warranted, in our view," Garg wrote in a note to clients. The stock has soared 28% year to date through Monday, while the SPDR Technology Select Sector ETF has climbed 12% and the S&P 500 has gained 8.5%.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.
Sailing-Mission accomplished: New Zealand plan brings America's Cup revenge
HAMILTON, Bermuda, June 26 (Reuters) - Emirates Team New Zealand's successful plan to regain the America's Cup started as soon as they had lost in devastating fashion to Oracle Team USA in San Francisco in 2013.
BRIEF-Bank of America selects Oracle Cloud for ERP and Financials
Oracle Corp(ORCL): * Bank of America(BAC) selected company's cloud-based ERP and financial applications for its international general ledger and its broker-dealer systems Source text for Eikon: Further company coverage:
Top Analyst Upgrades and Downgrades: AK Steel, Altice USA, Biogen, Caterpillar, Gilead, Oracle and Many More
Amazon better not get cocky, Jim Cramer says
There are a few examples of anti-Amazon backlash, according to TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer. Oracle co-founder Larry Ellison told investors on the earnings call that their cloud is cheaper than Amazon Walmart has reportedly told vendors to stop using Amazon's cloud service "Amazon better not get cocky," Cramer said.
Video provided by TheStreet
Oracle profit beats as cloud shift gains steam, shares at record
(Reuters) - Oracle Corp's quarterly profit blew past Wall Street estimates and the business software maker forecast an upbeat current-quarter earnings, indicating that the company's transition to cloud is starting to pay off.
Oracle beats profit estimates on cloud push, shares jump
(Reuters) - Oracle Corp's quarterly profit blew past analysts' estimates as the business software maker's big push toward cloud-based products and services paid off.
UPDATE 1-Oracle beats profit estimates on cloud push, shares jump
June 21 (Reuters) - Oracle Corp's quarterly profit
blew past analysts' estimates as the business software maker's
big push towards cloud-based products and services paid off.
Oracle Wins Big in Q4
Oracle soars toward record highs after earnings beat
Oracle Corp. beat expectations with its fiscal fourth-quarter earnings report Wednesday, posting annual earnings and revenue growth for the first time since the 2014 fiscal year and sending shares rocketing toward records. The software giant reported net income of $3.23 billion, or 76 cents a share, on sales of $10.89 billion for the final quarter in its 2017 fiscal year. After adjusting for stock-based compensation and other effects, Oracle reported profit of 89 cents a share. Analysts on average expected Oracle to report adjusted earnings of 78 cents a share on revenue of $10.46 billion, according to FactSet. Oracle shares jumped more than 8% in late trading, topping $50 a share after closing with a 1.1% gain at $46.33. Oracle stock has never traded above $46.99 in a regular trading session, according to FactSet.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.
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