Oracle's Q1 Profit & Revenue Beat The Street, But Outlook Disappoints

Oracle shares closed Wednesday at an all-time high when adjusted for stock splits

Oracle shares closed Wednesday at an all-time high when adjusted for stock splits

Citigroup maintained Oracle Corporation (NYSE:ORCL) on Friday, June 17 with "Neutral" rating. Knowing the various risk and return possibilities for various types of stocks can be critical to positive performance. Shares are up more than 37 percent this year, almost doubling the growth in the NASDAQ composite index. Oracle Corporation (ORCL) average trading volume of 10,997,505 during the past month is 13.77% below its average volume over the past year, indicating that investors have been less active than usual in the stock in recent times. The dividend was $0.190 per share for the quarter which is $0.76 annualized.

The software maker posted revenue of $9.19 billion in the period. Using what are known as momentum indicators, we can use the stock's price momentum to get a sense of whether the stock is in the midst of, or nearing the end of, a current trend. Lockheed Martin Investment Management Co. increased its holdings in Oracle Corporation by 21.4% during the 1st quarter. Goldman Sachs Group, Inc. The Sound Shore Management Inc holds 4.81 million shares with $185.12M value, up from 4.33M last quarter. The company saw 20.36 million shares trade hands over the course of the day. The stock of Oracle Corporation (NYSE:ORCL) has "Hold" rating given on Thursday, June 22 by Oppenheimer.

Oracle Corp. (NYSE: ORCL) released fiscal first-quarter financial results after markets closed Thursday. They expect $0.05 EPS, up 200.00% or $0.10 from last year's $-0.05 per share. Clifford Swan Inv Counsel Ltd Liability Corp owns 1.26% invested in Oracle Corporation (NYSE:ORCL) for 490,313 shares.

The company also predicted that its per-share earnings in the second quarter will be between $0.64 and $0.68. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider's stock worth $2,456,319,000 after purchasing an additional 7,427,501 shares in the last quarter. Total cloud business revenue rose 51 percent to $1.47 billion in the fiscal first quarter. LGT Capital Partners LTD. boosted its stake in Oracle Corporation by 14.0% during the 2nd quarter. Stockholders of record on Wednesday, October 11th will be issued a $0.19 dividend. The stock's Dividend Yield stands at 1.44%.

The next payable dividend for Oracle Corporation is scheduled for 10/25/2017. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm's stock in a transaction on Monday, July 17th. The shares were sold at an average price of $39.09, for a total value of $146,587.50. Following the completion of the transaction, the executive vice president now directly owns 130,977 shares in the company, valued at $6,671,968.38. The disclosure for this sale can be found here. Following the transaction, the director now owns 18,125 shares in the company, valued at $911,687.50. It acquires, owns, repositions, manages and leases commercial office, retail and multifamily properties in the New York Metropolitan area. If you are viewing this article on another website, it was stolen and republished in violation of United States & worldwide copyright and trademark laws. New York-based D E Shaw & has invested 0.2% in Oracle Corporation (NYSE:ORCL). For this quarter, Oracle's cloud software margin came in at 67 percent when certain items are excluded.

Having a price of $52.86, Oracle (NYSE:ORCL) traded -6.53% lower on the day.

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06/26/2017 - Oracle Corporation had its "overweight" rating reiterated by analysts at Mitsubishi UFJ.

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Among 33 analysts covering Oracle (NYSE:ORCL), 24 have Buy rating, 0 Sell and 9 Hold.

Zacks presents analysts with an ABR (Average Broker Rating), based on the sell-side recommendations.

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. The other part of the cloud business - which includes databases and access to raw computing power - rose 28 percent.

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