Oracle Stock Forecast, Price & News

Oracle's stock was trading at $44.72 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ORCL shares have increased by 33.3% and is now trading at $59.62.
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26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Oracle in the last year. There are currently 1 sell rating, 15 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Oracle is scheduled to release its next quarterly earnings announcement on Thursday, December 10th 2020.
View our earnings forecast for Oracle.

Oracle Co. (NYSE:ORCL) issued its quarterly earnings data on Thursday, September, 10th. The enterprise software provider reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.86 by $0.07. The enterprise software provider earned $9.37 billion during the quarter, compared to analysts' expectations of $9.15 billion. Oracle had a return on equity of 85.71% and a net margin of 26.13%. During the same quarter last year, the company posted $0.81 earnings per share.
View Oracle's earnings history.

Oracle declared a quarterly dividend on Thursday, September 10th. Investors of record on Thursday, October 8th will be given a dividend of $0.24 per share on Thursday, October 22nd. This represents a $0.96 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Wednesday, October 7th.
View Oracle's dividend history.

Oracle declared that its board has approved a stock repurchase program 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 programs are typically an indication that the company's leadership believes its stock is undervalued.

Oracle updated its second quarter earnings guidance on Thursday, September, 10th. The company provided earnings per share (EPS) guidance of $0.98-1.02 for the period, compared to the Thomson Reuters consensus estimate of $0.94. The company issued revenue guidance of +1-3% to $9.715-9.900 billion, compared to the consensus revenue estimate of $9.59 billion.

26 equities research analysts have issued 12 month price targets for Oracle's shares. Their forecasts range from $41.00 to $70.00. On average, they expect Oracle's share price to reach $60.26 in the next year. This suggests a possible upside of 1.1% from the stock's current price.
View analysts' price targets for Oracle.

News stories about ORCL stock have trended negative this week, InfoTrie reports. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Oracle earned a news impact score of -2.7 on InfoTrie's scale. They also gave news stories about the enterprise software provider a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an effect on the company's share price in the next several days.
View the latest news about Oracle.

Oracle saw a decrease in short interest during the month of September. As of September 30th, there was short interest totaling 23,290,000 shares, a decrease of 23.6% from the September 15th total of 30,470,000 shares. Based on an average daily trading volume, of 13,590,000 shares, the short-interest ratio is currently 1.7 days. Currently, 1.2% of the company's shares are short sold.
View Oracle's Short Interest.

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).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Oracle investors own include Intel (INTC), Cisco Systems (CSCO), NVIDIA (NVDA), The Walt Disney (DIS), AT&T (T), Bank of America (BAC), Micron Technology (MU), Alibaba Group (BABA), QUALCOMM (QCOM) 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 investors include DNB Asset Management AS (0.25%), Scharf Investments LLC (0.07%), Saratoga Research & Investment Management (0.05%), Envestnet Asset Management Inc. (0.05%), Boston Trust Walden Corp (0.04%) and Douglas Lane & Associates LLC (0.04%). 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 Wedge Capital Management L L P NC, Gradient Investments LLC, Scharf Investments LLC, Hexavest Inc., Moody National Bank Trust Division, Redpoint Investment Management Pty Ltd, Metropolis Capital Ltd, and Gateway Investment Advisers LLC. 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, Safra Catz, and W Corey West.
View insider buying and selling activity for Oracle.

ORCL stock was acquired by a variety of institutional investors in the last quarter, including DNB Asset Management AS, CWM LLC, Factory Mutual Insurance Co., State of Alaska Department of Revenue, CHURCHILL MANAGEMENT Corp, Bowling Portfolio Management LLC, Avantax Advisory Services Inc., and Sanders Morris Harris LLC.
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 $59.62.

Oracle has a market capitalization of $179.51 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]