Oracle (ORCL) Stock Gains 6% on Strong Q2 Results
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Oracle (ORCL) PT Raised to $115 at Cowen
December 10, 2021 6:44 AM ESTCowen analyst Derrick Wood raised the price target on Oracle (NYSE: ORCL) to $115.00 (from $96.00) while maintaining an Outperform rating.
The analyst commented, "ORCL posted a strong 2Q w/ 6% cc rev growth above our +4%, the fastest growth in 4 yrs. Bookings commentary was... More
Oracle forecasts upbeat third quarter as IT spending rebounds
December 9, 2021 4:11 PM ESTBy Akash Sriram
(Reuters) - Enterprise software maker Oracle Corp forecast current-quarter profit and revenue above market estimates on Thursday after posting upbeat results for the second quarter, helped by higher tech spending from businesses looking to support hybrid work.
As the pandemic pushed more companies to shift to a hybrid work model, spending on cloud technology has risen, benefiting Oracle and other firms such as Salesforce, Amazon.com Inc and... More
Oracle (ORCL) Declares $0.32 Quarterly Dividend; Buyback Raised by $10B
December 9, 2021 4:09 PM ESTOracle (NYSE: ORCL) declared a quarterly dividend of $0.32 per share, or $1.28 annualized. The dividend will be payable on January 19, 2022, to stockholders of record on January 7, 2022, with an ex-dividend date of January 6, 2022. The annual yield on the dividend is 1.4 percent.
The board of directors... More
Oracle (ORCL) Tops Q2 EPS by 10c
December 9, 2021 4:05 PM ESTOracle (NYSE: ORCL) reported Q2 EPS of $1.21, $0.10 better than the analyst estimate of $1.11. Revenue for the quarter came in at $10.4 billion versus the consensus estimate of $10.21 billion.
For earnings history and earnings-related data on Oracle (ORCL) click here.
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