Oracle Corp. surpassed earnings expectations for fiscal first quarter. However, the database and cloud behemoth missed analyst estimates for revenue.
The company’s non-GAAP earnings came in at $1.03 a share, compared to the 97 cents a share expected by analysts polled by FactSet.
Revenue was $9.7 billion, vs. $9.76 billion estimated by FactSet analysts.
Oracle CEO Safra Catz in a statement that the company’s two new cloud businesses, IaaS and SaaS, are now over 25% of its total revenue with an annual run rate of $10 billion. Catz emphasized that IaaS and SaaS together are Oracle's fastest growing and highest margin new businesses. “As these two cloud businesses continue to grow, they will help expand our overall profit margins and push earnings per share higher,"she said.
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where ORCL declined for three days, in of 265 cases, the price declined further within the following month. The odds of a continued downward trend are .
The 10-day RSI Indicator for ORCL moved out of overbought territory on March 25, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 48 similar instances where the indicator moved out of overbought territory. In of the 48 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on March 26, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ORCL as a result. In of 80 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
ORCL broke above its upper Bollinger Band on March 12, 2024. 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.
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
The Moving Average Convergence Divergence (MACD) for ORCL just turned positive on March 07, 2024. Looking at past instances where ORCL's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
ORCL moved above its 50-day moving average on February 22, 2024 date and that indicates a change from a downward trend to an upward trend.
The 50-day moving average for ORCL moved above the 200-day moving average on March 14, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ORCL advanced for three days, in of 344 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 306 cases where ORCL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued 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 (61.350) is normal, around the industry mean (28.767). P/E Ratio (33.053) is within average values for comparable stocks, (148.690). Projected Growth (PEG Ratio) (1.056) is also within normal values, averaging (2.798). Dividend Yield (0.013) settles around the average of (0.085) among similar stocks. P/S Ratio (6.711) is also within normal values, averaging (77.911).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a developer of a diversified line of business software products
Industry PackagedSoftware