NYSE:ORCLOracle Stock Price, Forecast & News

Oracle's stock was trading at $44.72 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, ORCL stock has increased by 26.7% and is now trading at $56.66. View which stocks have been most impacted by Coronavirus.

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Oracle in the last year. There are currently 1 sell rating, 17 hold ratings, 8 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Oracle.

Oracle is scheduled to release its next quarterly earnings announcement on Wednesday, September 9th 2020. View our earnings forecast for Oracle.

Oracle Co. (NYSE:ORCL) announced its quarterly earnings data on Tuesday, June, 16th. The enterprise software provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.12. The enterprise software provider had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.72 billion. Oracle had a net margin of 25.94% and a return on equity of 72.76%. Oracle's revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the firm posted $1.16 earnings per share. View Oracle's earnings history.

Oracle announced a quarterly dividend on Wednesday, June 17th. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.24 per share on Tuesday, July 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Tuesday, July 14th. View Oracle's dividend history.

Oracle declared that its board has initiated a share repurchase plan on Thursday, March 12th 2020, which allows the company to buyback $15,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 9.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

Oracle issued an update on its first quarter earnings guidance on Tuesday, June, 16th. The company provided earnings per share (EPS) guidance of $0.84-0.88 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.85. The company issued revenue guidance of $9.13-9.31 billion, compared to the consensus revenue estimate of $9.12 billion.

27 equities research analysts have issued 1 year price objectives for Oracle's stock. Their forecasts range from $41.00 to $65.00. On average, they anticipate Oracle's stock price to reach $54.93 in the next twelve months. This suggests that the stock has a possible downside of 3.1%. View analysts' price targets for Oracle.

News stories about ORCL stock have been trending negative this week, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Oracle earned a daily sentiment score of -2.1 on InfoTrie's scale. They also assigned media stories about the enterprise software provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news about Oracle.

Oracle saw a drop in short interest in the month of June. As of June 30th, there was short interest totaling 30,370,000 shares, a drop of 9.1% from the June 15th total of 33,400,000 shares. Based on an average trading volume of 13,360,000 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.5% of the shares of the stock are short sold. View Oracle's Current Options Chain.

Some companies that are related to Oracle include Microsoft (MSFT), ServiceNow (NOW), VMware (VMW), Fortinet (FTNT), Symantec (SYMC), Proofpoint (PFPT), Qualys (QLYS), CommVault Systems (CVLT), Progress Software (PRGS) and FalconStor Software (FALC). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Oracle investors own include Intel (INTC), Cisco Systems (CSCO), NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Walt Disney (DIS), General Electric (GE), AT&T (T), Bank of America (BAC) and Netflix (NFLX).

Oracle trades on the New York Stock Exchange (NYSE) under the ticker symbol "ORCL."

Oracle's stock is owned by many different institutional and retail investors. Top institutional shareholders include DNB Asset Management AS (0.16%), Envestnet Asset Management Inc. (0.05%), Confluence Investment Management LLC (0.03%), Metropolis Capital Ltd (0.03%), State of Alaska Department of Revenue (0.02%) and PM CAPITAL Ltd (0.02%). Company insiders that own Oracle stock include Bruce R Chizen, Charles W Moorman, Dorian Daley, Edward Screven, Hector Garcia-Molina, Jeffrey Berg, Jeffrey Henley, Lawrence Joseph Ellison, Mark V Hurd, Michael J Boskin, Naomi O Seligman, Renee Jo James, Safra Catz and W Corey West. View institutional ownership trends for Oracle.

ORCL stock was sold by a variety of institutional investors in the last quarter, including DNB Asset Management AS, PM CAPITAL Ltd, Metropolis Capital Ltd, Municipal Employees Retirement System of Michigan, HNP Capital LLC, Stonebridge Capital Management Inc., IBM Retirement Fund, and OmniStar Financial Group Inc.. Company insiders that have sold Oracle company stock in the last year include Bruce R Chizen, Dorian Daley, Edward Screven, Hector Garcia-Molina, Jeffrey Berg, Jeffrey Henley, Lawrence Joseph Ellison, Mark V Hurd, Naomi O Seligman, Renee Jo James, and Safra Catz. View insider buying and selling activity for Oracle.

ORCL stock was bought by a variety of institutional investors in the last quarter, including Confluence Investment Management LLC, Cullinan Associates Inc., Envestnet Asset Management Inc., State of Alaska Department of Revenue, Fulton Bank N. A., West Branch Capital LLC, Summit Financial Group Inc., and First American Trust FSB. View insider buying and selling activity for Oracle.

Shares of ORCL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ORCL stock can currently be purchased for approximately $56.66.

Oracle has a market capitalization of $173.87 billion and generates $39.07 billion in revenue each year. The enterprise software provider earns $10.14 billion in net income (profit) each year or $3.46 on an earnings per share basis. Oracle employs 135,000 workers across the globe.

The official website for Oracle is www.oracle.com.

Oracle's mailing address is 500 ORACLE PARKWAY, REDWOOD CITY CA, 94065. The enterprise software provider can be reached via phone at 650-506-7000 or via email at [email protected]