Oracle stock dropped nearly 8% after it gave a disappointing earnings forecast


The stock of Oracle Corporation (NYSE:ORCL) has "Equal Weight" rating given on Friday, June 23 by Morgan Stanley. Speaking of monthly performance, USG tapped a 14.3% gain. Additionally, ORCL had a day price range of $52.32 to $53.14.

Shares of Oracle Corp. The Florida-based Ifc Holdings Fl has invested 0.05% in Oracle Corporation (NYSE:ORCL). Zacks Investment Research raised Oracle Corporation from a hold rating to a buy rating and set a $50.00 target price on the stock in a report on Thursday, June 15th. BTIG Research maintained the shares of ORCL in report on Thursday, July 14 with "Buy" rating. Goldman Sachs upgraded RWE AG (ADR) (OTCMKTS:RWEOY) on Thursday, June 8 to "Buy" rating. They had gained about 37 percent this year. The current consensus recommendation provided by covering analysts is 2.60. The stock presently has an average rating of "Buy" and a consensus price target of $52.26. Clifford Swan Inv Counsel Ltd Liability Corp owns 1.26% invested in Oracle Corporation (NYSE:ORCL) for 490,313 shares. Historical earnings event related premarket and after-hours trading activity in ORCL indicates that the price change in the extended hours is likely to be of significant value in forecasting additional price movement by the following regular session close.

Oracle Corporation has a 50 day moving average of 49.91 and a 200 day moving average of 46.85.

06/22/2017 - Oracle Corporation had its "outperform" rating reiterated by analysts at BMO Capital Markets. Looking at a shorter time period, shares have been seen -7.58% away from the 50 day high and 2.36% off the 50 day low price.Covering sell-side analysts have recently weighed in on shares of Oracle Corporation (NYSE:ORCL).

Shares of the business software maker, which reported market-beating revenue and profit for the first quarter on Thursday, initially rose but reversed course after the forecast.

A familiar pattern begins to form with hardware revenues down for the beginning of the fiscal year, now by five percent year on year, with the organization shifting its focus. But that cloud revenue only accounted for about 16 percent of Oracle's total revenue of $9.187 billion for the quarter, which grew by only 7 percent.

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06/26/2017 - Oracle Corporation had its "overweight" rating reiterated by analysts at Mitsubishi UFJ. The stock was trading at a distance of -0.17% from its 52-week highs and stands 40.35% away from its 52-week lows. Flotek Industries had 10 analyst reports since July 27, 2015 according to SRatingsIntel. Yhb Invest Advsr Inc accumulated 286,174 shares or 2.29% of the stock. The company is hiring 5,000 employees for its internet-based software business in the US, on top of more than 4,000 already brought on this year. The shares were sold at an average price of $48.86, for a total value of $183,225.00. Following the completion of the sale, the director now directly owns 52,654 shares in the company, valued at approximately $2,038,762.88. Over the last quarter, insiders have sold 1,813,750 shares of company stock worth $91,393,788. The dividend was $0.190 per share for the quarter or $0.76 annualized. For the quarter, shares have been noted at 18.15%.

More notable recent KeyCorp (NYSE:KEY) news were published by: which released: "KeyCorp CEO: Bank focused on First Niagara buy, not new deals" on September 13, 2017, also with their article: "KeyCorp: Standout Attractive" published on August 16, 2017, published: "KeyCorp Third Quarter 2017 Earnings Release Date And Conference Call" on September 13, 2017.

On 3/18/2014 Oracle Corporation announced a quarterly dividend of $0.12.

However, new software license revenue for on-premises systems again fell back, slipping 6 percent for the quarter.