Oracle (ORCL, $80.18) beats fiscal Q2 expectations
Oracle posted its fiscal second-quarter adjusted earnings of $1.21 a share, beating analysts’ expectations of $1.17 a share (according to FactSet). The cloud giant’s revenue came in at $12.28 billion, vs. analysts’ forecast of $11.96 billion (according to FactSet.).
For the fiscal third quarter, CEO Safra Catz said revenue growth should be 17% to 19% from last year, (implying a revenue range of around $12.3 billion to $12.5 billion). Catz indicated that the company is expecting adjusted earnings of $1.17 a share to $1.21 a share, vs. analysts’ expectations of $1.23 a share (according to FactSet).
Oracle growth prospects look healthy, with the company completing its acquisition of healthcare-focused company Cerner in a $28 billion deal. The company recently bagged a part of a recent Defense Department contract after suing to halt an earlier version of that award.
ORCL's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for ORCL turned positive on May 25, 2023. Looking at past instances where ORCL's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 04, 2023. You may want to consider a long position or call options on ORCL as a result. In of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ORCL advanced for three days, in of 343 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 334 cases where ORCL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ORCL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ORCL broke above its upper Bollinger Band on May 25, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. ORCL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (31.526). P/E Ratio (34.965) is within average values for comparable stocks, (167.679). Projected Growth (PEG Ratio) (2.077) is also within normal values, averaging (4.163). Dividend Yield (0.013) settles around the average of (0.040) among similar stocks. P/S Ratio (6.083) is also within normal values, averaging (75.236).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a developer of a diversified line of business software products
Industry PackagedSoftware
ORCL and
Correlation & Price change
A.I.dvisor indicates that over the last year, ORCL has been loosely correlated with SNPS. These tickers have moved in lockstep 57% of the time. This A.I.-generated data suggests there is some statistical probability that if ORCL jumps, then SNPS could also see price increases.
| Ticker / NAME | Correlation To ORCL | 1D Price Change % | ||
|---|---|---|---|---|
| ORCL | 100% | +0.75% | ||
| SNPS - ORCL | 57% Loosely correlated | -2.09% | ||
| CDNS - ORCL | 56% Loosely correlated | -1.61% | ||
| ROP - ORCL | 56% Loosely correlated | +0.55% | ||
| ADBE - ORCL | 54% Loosely correlated | +0.18% | ||
| ANSS - ORCL | 54% Loosely correlated | -1.69% | ||
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