Somewhat Favorable News Coverage Somewhat Unlikely to Affect Oracle Corporation (ORCL) Share Price
News coverage about Oracle Corporation (NYSE:ORCL) has trended somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Oracle Corporation earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned media coverage about the enterprise software provider an impact score of 45.2805895136377 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Market Check: Zooming in on the Technicals for Oracle Corp (ORCL) – Stonington Post (stoningtonpost.com)
- Interesting ORCL Put And Call Options For January 2018 – Nasdaq (nasdaq.com)
- Oracle Corporation (ORCL) Receives “Buy” Rating from Drexel Hamilton (americanbankingnews.com)
- Bloomingdale’s and Swarovski Partner with 20th Century Fox Film’s The Greatest Showman for The Greatest Holiday Windows (prweb.com)
- Global Mobile Middleware Market 2017-2021: Market to Grow by 10.9% – Key Vendors are IBM, Kony, Oracle, SAP & TIBCO – Research and Markets (markets.financialcontent.com)
ORCL has been the subject of several recent analyst reports. Wedbush reaffirmed an “outperform” rating and set a $58.00 price objective on shares of Oracle Corporation in a report on Friday, September 15th. UBS Group AG reaffirmed a “buy” rating and set a $57.00 price objective (up from $52.00) on shares of Oracle Corporation in a report on Friday, September 15th. J P Morgan Chase & Co set a $55.00 price objective on shares of Oracle Corporation and gave the stock a “buy” rating in a report on Friday, September 15th. Zacks Investment Research downgraded shares of Oracle Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Finally, Jefferies Group LLC upped their price objective on shares of Oracle Corporation from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Friday, September 15th. Eleven equities research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. Oracle Corporation has a consensus rating of “Buy” and a consensus price target of $54.85.
Oracle Corporation (ORCL) traded down $0.05 on Thursday, reaching $48.58. 10,618,868 shares of the company’s stock traded hands, compared to its average volume of 13,201,216. The company has a quick ratio of 3.61, a current ratio of 3.63 and a debt-to-equity ratio of 0.86. The firm has a market cap of $202,956.63, a PE ratio of 19.07, a PEG ratio of 1.85 and a beta of 1.07. Oracle Corporation has a 52-week low of $37.64 and a 52-week high of $53.14.
Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. The firm had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 EPS. sell-side analysts expect that Oracle Corporation will post 2.68 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.56%. The ex-dividend date was Tuesday, October 10th. Oracle Corporation’s payout ratio is presently 33.19%.
In other news, Director Jeffrey Berg sold 45,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $48.03, for a total value of $2,161,350.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Dorian Daley sold 76,703 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $49.00, for a total transaction of $3,758,447.00. The disclosure for this sale can be found here. Insiders sold a total of 305,776 shares of company stock valued at $14,821,999 in the last 90 days. Corporate insiders own 29.00% of the company’s stock.
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Oracle Corporation Company Profile
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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