49.83 0.00 (0.00%)
Pre-market: 8:49AM EDT
|Bid||49.36 x 800|
|Ask||50.22 x 800|
|Day's range||48.56 - 51.60|
|52-week range||39.71 - 60.50|
|Beta (5Y monthly)||1.06|
|PE ratio (TTM)||15.67|
|Earnings date||16-Jun-2020 - 21-Jun-2020|
|Forward dividend & yield||0.96 (1.90%)|
|1y target est||49.73|
Oracle (ORCL) delivered earnings and revenue surprises of 1.04% and 0.32%, respectively, for the quarter ended February 2020. Do the numbers hold clues to what lies ahead for the stock?
"We expect minimal impact from the virus in the quarter, given that much of the subscription revenue is already contracted," Chief Executive Officer Safra Catz said on an earnings call with investors. The business software maker's cloud services and license support unit, which accounts for more than half of its revenue, grew 4% to $6.93 billion in the third quarter. Oracle has been trying catch up with rivals such as Amazon.com Inc and Microsoft Corp in cloud business that helps companies save cost by renting data centers rather than owning them.
Here is a sneak peek into how three technology stocks, namely Adobe, Broadcom and Oracle, are poised ahead of their upcoming earnings releases on Mar 12.
The current equity market malaise almost led to a bear market following heavy selling pressure on Monday March 9, with the S&P 500 falling 19% from its recent peak. While volatility is likely to remain high as the range of economic and corporate profit outcomes continues to be considered, and as monetary and fiscal stimulus measures are likely announced, we believe many high-quality stocks have been oversold and represent opportunities for investors on the lookout for bargains. We screened for companies in our coverage universe that have the following criteria: Buy-rated, at least 20% below their 52-week high, a Financial Strength rating of High (indicating a strong balance sheet that can weather a downturn), and where we have at least have a market weight recommendation on the sector. The list of 26 high-quality stocks is below.
Oracle's (ORCL) fiscal third-quarter results are expected to reflect solid adoption of cloud-based services and latest Autonomous Database.
Oracle (ORCL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.