In yesterday’s Wall Street session, Oracle Corp. (NYSE:ORCL) shares traded at $116.10, up 1.71% from the previous session.
As of this writing, 34 analysts cover Oracle Corp. (NYSE:ORCL). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $150.00 and a low of $92.60, we find $135.00. Given the previous closing price of $114.15, this indicates a potential upside of 18.27 percent. ORCL stock price is now 5.80% away from the 50-day moving average and 11.15% away from the 200-day moving average. The market capitalization of the company currently stands at $318.04B.
There are 16 analysts who have given it a hold rating, whereas 14 have given it a buy rating. Brokers who have rated the stock have averaged $129.21 as their price target over the next twelve months.
In other news, CONRADES GEORGE H, Director sold 2,325 shares of the company’s stock on Nov 13. The stock was sold for $264,494 at an average price of $113.76. Upon completion of the transaction, the Director now directly owns 17,836 shares in the company, valued at $2.07 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 10, Director CONRADES GEORGE H sold 2,325 shares of the business’s stock. A total of $260,334 was realized by selling the stock at an average price of $111.97. This leaves the insider owning 20,161 shares of the company worth $2.34 million. Insiders disposed of 13,553,321 shares of company stock worth roughly $1.57 billion over the past 1 year. A total of 42.07% of the company’s stock is owned by insiders.
Tuesday morning saw Oracle Corp. (NYSE: ORCL) opened at $114.86. During the past 12 months, Oracle Corp. has had a low of $77.33 and a high of $127.54. As of last week, the company has a debt-to-equity ratio of 37.53, a current ratio of 0.87, and a quick ratio of 0.87. According to the stock market information, the enterprise value for the company is $389.56B, which is based on a 34.54 price-to-earnings ratio, a 3.18 price-to-earnings-growth ratio, and a beta of 1.04. The fifty day moving average price for ORCL is $109.73 and a two-hundred day moving average price translates $104.46 for the stock.
The latest earnings results from Oracle Corp. (NYSE: ORCL) was released for Aug, 2023. According to the Software – Infrastructure Company, earnings per share came in at $1.19, beating analysts’ expectations of $1.15 by 0.04. This compares to $0.56 EPS in the same period last year. The company reported revenue of $12.45 billion for the quarter, compared to $11.45 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.81 percent. For the current quarter, analysts expect ORCL to generate $13.05B in revenue.
Oracle Corp.(ORCL) Company Profile
Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing. The company also offers cloud-based industry solutions for various industries; Oracle application licenses; and Oracle license support services. In addition, it provides cloud and license business’ infrastructure technologies, such as the Oracle Database and MySQL Database; Java, a software development language; and middleware, including development tools and others. The company’s cloud and license business’ infrastructure technologies also comprise cloud-based compute, storage, and networking capabilities; and Oracle autonomous database, MySQL HeatWave, Internet-of-Things, digital assistant, and blockchain. Further, it provides hardware products and other hardware-related software offerings, including Oracle engineered systems, enterprise servers, storage solutions, industry-specific hardware, virtualization software, operating systems, management software, and related hardware services; and consulting and customer services. The company markets and sells its cloud, license, hardware, support, and services offerings directly to businesses in various industries, government agencies, and educational institutions, as well as through indirect channels. The company has a collaboration with Amdocs Limited to empower customers on their journey towards cloud and digital adoption. Oracle Corporation was founded in 1977 and is headquartered in Austin, Texas.