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Oracle Corporation : Today's Research Reports on Trending Tickers: Oracle and Staples

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06/23/2017 | 02:02pm CEST

NEW YORK, NY / ACCESSWIRE / June 23, 2017 / Stabilizing oil prices and strong performances from the Healthcare and Biotech sectors helped lift U.S. markets in early trading on Thursday. The Dow Jones Industrial Average declined 0.06 percent to close at 21,397.29, while the S&P 500 Index declined 0.05 percent to close at 2,434.50. The S&P healthcare Index and the iShares NASDAQ Biotechnology Index ETF posted gains of 1.05 percent and 1.27 percent, respectively.

"It looks like oil prices decoupled from the U.S. equity market as investors realize that lower oil prices are not a sign of weakening global demand and therefore economic slowdown, but rather its due to excessive supply from the U.S., Iran and Russia," said Quincy Krosby, Chief Market Strategist, at Prudential Financial.

RDI Initiates Coverage on:

Oracle Corp.

Staples, Inc.

Oracle's shares spiked 8.57 percent to close at $50.30 a share on Thursday. The stock traded between $50.16 and $51.85 on volume of 63.19 million shares traded. The company reported a net income of $3.23 billion, or $0.76 a share, on revenues of $10.89 billion for the fourth quarter of fiscal 2017. Impressive growth in cloud revenue and a slower decline in on premise software revenue, helped the company to post 3 percent revenue growth year-over-year. Company's adjusted earnings were $0.89 a share for the quarter. Average analysts' estimates had called for adjusted earnings of $0.78 a share on revenue of $10.46 billion, according to FactSet. The impressive earnings beat saw a number of analysts raise price targets for the company. Oracle's average price target is now $53.64, compared with an average target of $48.32 the day prior to the earnings release. Shares of Oracle have gained approximately 30.82 percent year-to-date.

Access RDI's Oracle Research Report at:

Staples' shares spiked jumped 6.24 percent to close at $9.20 a share on Thursday. The stock traded between $9.05 and $9.36 on volume of 15.25 million shares traded. Shares of the company were on the rise after reports surfaced that the retailer was close to a sale with private equity firm Sycamore Partners for more than $6 billion. Staples have a total of 1,255 stores in the United States and 304 in Canada. The company holds a 48 percent share of the office supply store market in the United States, according to Reuters. Shares of Staples have gained approximately 1.66 percent year-to-date.

Access RDI's Staples Research Report at:

Our Actionable Research on Oracle Corp. (NYSE: ORCL) and Staples, Inc. (NASDAQ: SPLS) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Hemal K. Gandhi, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.


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SOURCE: RDInvesting.com

© Accesswire 2017
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Financials ($)
Sales 2018 39 300 M
EBIT 2018 17 306 M
Net income 2018 9 999 M
Finance 2018 16 275 M
Yield 2018 1,30%
P/E ratio 2018 21,19
P/E ratio 2019 20,84
EV / Sales 2018 4,92x
EV / Sales 2019 4,75x
Capitalization 209 643 M
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Oracle Corporation Technical Analysis Chart | ORCL | US68389X1054 | 4-Traders
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Technical analysis trends ORACLE CORPORATION
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 35
Average target price 53,6 $
Spread / Average Target 5,2%
Consensus details
EPS Revisions
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Safra Ada Catz Co-Chief Executive Officer & Director
Mark V. Hurd Co-Chief Executive Officer & Director
Lawrence Joseph Ellison Executive Chairman & Chief Technology Officer
Karl Braitberg Senior Vice President-Worldwide Operation
Mark E. Sunday Chief Information Officer & Senior Vice President
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