September 15 investment analysts at Barclays held the stock rating at "Buy" but moved up the price target to $61.00 from $48.00. Also, the equity price jumped 5.89% % in three months, taking the six-month decrease to -11.74% as of recent close. The stock of Oracle Corporation (NYSE:ORCL) has "Buy" rating given on Wednesday, March 16 by Goldman Sachs. The company presently has an average rating of Buy and an average price target of $52.26. RBC Capital Markets maintained the shares of ORCL in report on Thursday, June 22 with "Outperform" rating. BTIG Research maintained the shares of ORCL in report on Thursday, July 14 with "Buy" rating. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty-three have assigned a buy rating to the company. Looking at the other side of the coin, USG traded as low as $23.71 in the past 52 weeks, and since then the shares have risen 27.41% or $6.5. Investors have been encouraged by the company's success in selling cloud-based software this year, sending the shares up 37 percent to records. Northstar Asset Management Ltd Company stated it has 0.18% of its portfolio in Oracle Corporation (NYSE:ORCL).
This quarter, Oracle expects cloud revenue to increase 39% to 43%, helping drive a 2% to 4% revenue increase. Shares of the software company were falling by almost 6.5 percent midway through the trading day on September 15, after the company reported strong revenue growth for its cloud-based business, but delivered weaker-than-expected revenue guidance for the following quarter.
Oracle's cloud infrastructure and platform revenue, which totaled about $400 million in Q2 2018, is only a small percentage of Amazon's market-leading AWS service, which produced $4.1 billion in revenue this quarter. North Carolina-based Salem Investment Counselors has invested 0.06% in Oracle Corporation (NYSE:ORCL).
Oracle - a late entrant to the cloud market - has been aggressively pushing into the business as more and more clients ditch the costlier software licensing model.
Earnings Per Share came in at 62 cents vs. 60 cents as expected by analysts. The current consensus recommendation provided by covering analysts is 2.10.
TRADEMARK VIOLATION WARNING: "Oracle Corporation (ORCL) Rating Reiterated by Mitsubishi UFJ Financial Group" was posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & worldwide trademark and copyright law. The company also announced a dividend paid on Wednesday August 2nd, 2017.
A total of 34 analysts have reported on the stock. Volume on the day was 14.42 million shares. Following the completion of the transaction, the director now directly owns 63,985 shares in the company, valued at approximately $3,183,253.75. The disclosure for this sale can be found here. The stock's short float is around of 1.11% and short ratio is 2.51. It has no change, as 67 investors sold ORCL shares while 585 reduced holdings. only 87 funds opened positions while 431 raised stakes. The Menora Mivtachim Holdings Ltd holds 567,490 shares with $21.82 million value, up from 432,390 last quarter. The Smith Chas P & Associates Pa Cpas holds 108,270 shares with $4.16 million value, down from 136,593 last quarter. Earnings, adjusted for stock option expense and amortization costs, were 62 cents per share. Janus Cap Mgmt Llc invested 0.03% in Oracle Corporation (NYSE:ORCL). Koenig said the beat was helped by new software license outperformance and lower foreign exchange impact.
Tightening the gaze, stock performance for the last 5 trading days is 2.05%.
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure.
"It is natural to expect cloud revenue to decelerate as Oracle grows its cloud revenue off (a) bigger base", said Wedbush Securities analyst Steve Koenig.
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