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 (WHO). Since then, ORCL shares have increased by 25.5% and is now trading at $56.11.
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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) posted its quarterly earnings data on Thursday, September, 10th. The enterprise software provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.07. The enterprise software provider had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.15 billion. Oracle had a return on equity of 85.71% and a net margin of 26.13%. During the same quarter in the prior year, the firm earned $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 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Wednesday, October 7th.
View Oracle's dividend history.

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

Oracle issued an update on its second quarter earnings guidance on Thursday, September, 10th. The company provided EPS guidance of $0.98-1.02 for the period, compared to the Thomson Reuters consensus earnings per share 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 brokers 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 $60.72 in the next year. This suggests a possible upside of 8.2% from the stock's current price.
View analysts' price targets for Oracle.

Media stories about ORCL stock have trended negative recently, according to InfoTrie. The research group identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded 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 assigned news stories about the enterprise software provider a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an effect on the company's share price in the near future.
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 volume of 13,590,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.2% of the shares of the company are sold short.
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 retail and institutional investors. Top institutional investors include LSV Asset Management (0.41%), DNB Asset Management AS (0.25%), Robeco Institutional Asset Management B.V. (0.18%), Pzena Investment Management LLC (0.09%), Railway Pension Investments Ltd (0.09%) and DekaBank Deutsche Girozentrale (0.08%). 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 CIBC Private Wealth Group LLC, Wedge Capital Management L L P NC, Alberta Investment Management Corp, State of Michigan Retirement System, Pzena Investment Management LLC, Yacktman Asset Management LP, Retirement Systems of Alabama, and State of New Jersey Common Pension Fund D. 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 bought by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Robeco Institutional Asset Management B.V., DekaBank Deutsche Girozentrale, LSV Asset Management, KBC Group NV, Foundry Partners LLC, Bradley Foster & Sargent Inc. CT, and Nisa Investment Advisors 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 $56.11.

Oracle has a market capitalization of $168.94 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]