Somewhat Positive Press Coverage Somewhat Unlikely to Impact Oracle Corporation (ORCL) Stock Price
News articles about Oracle Corporation (NYSE:ORCL) have trended somewhat positive on Sunday, Accern reports. The research group ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Oracle Corporation earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave media stories about the enterprise software provider an impact score of 46.2092072767016 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment’s rankings:
- NetSuite Expands Middle East Operations (finance.yahoo.com)
- Oracle Announces Industry’s First Cloud-Native, Intelligent Security and Management Suite (oracle.com)
- Oracle Introduces AI-Powered Intelligent Bots to Help Enterprises Engage Customers and Employees (oracle.com)
- The Art of P2V and Oracle ASM (blogs.vmware.com)
- Oracle CEO Mark Hurd predicts his company can win the cloud wars, 'bar none' (finance.yahoo.com)
Several research firms have recently commented on ORCL. Jefferies Group LLC boosted their target price 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. Credit Suisse Group began coverage on shares of Oracle Corporation in a report on Tuesday, September 5th. They issued an “outperform” rating and a $62.00 target price on the stock. KeyCorp reissued a “buy” rating and issued a $61.00 target price on shares of Oracle Corporation in a report on Tuesday, July 18th. BidaskClub raised shares of Oracle Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Finally, Mitsubishi UFJ Financial Group reissued a “buy” rating and issued a $63.00 target price on shares of Oracle Corporation in a report on Friday, September 15th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and thirty-one have assigned a buy rating to the stock. Oracle Corporation has a consensus rating of “Buy” and a consensus target price of $53.37.
Shares of Oracle Corporation (NYSE:ORCL) traded down 1.04% during trading on Friday, hitting $48.40. Oracle Corporation has a 52 week low of $37.62 and a 52 week high of $53.14. The company has a market capitalization of $201.98 billion, a PE ratio of 21.05 and a beta of 1.05. The stock has a 50 day moving average price of $49.52 and a 200 day moving average price of $47.52.
Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. The firm had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 earnings per share. Equities analysts forecast that Oracle Corporation will post $2.94 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Tuesday, October 10th. Oracle Corporation’s dividend payout ratio (DPR) is 33.19%.
In other Oracle Corporation news, EVP Dorian Daley sold 76,703 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $49.00, for a total value of $3,758,447.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $50.30, for a total value of $188,625.00. Following the completion of the sale, the director now owns 18,125 shares of the company’s stock, valued at approximately $911,687.50. The disclosure for this sale can be found here. Insiders sold 1,055,776 shares of company stock valued at $52,673,112 over the last ninety days. 29.00% of the stock is currently owned by corporate insiders.
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About Oracle Corporation
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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