|Avg Daily Volume: 11,087,440 Market Cap: 182.02B |
Sector: Technology Short Interest: 1.82
THIS QTR: EPS: 1.07/share REV: 10,950/M
LAST QTR: EPS: .84/share ACTUAL: .87/share (BEAT)
NEXT QTR: EPS: .80/share REV: 9,390/M
FULL YR: EPS: 3.44/share REV: 39,320/M
*These are the base metrics we will be watching against the actual release numbers
BEAT/MISS HISTORY: 50% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -3.86, 5.7, -3.7
POTENTIAL JUMP MOVE: 7-8%
Links To Latest News and Headlines
Goldman analysts like Microsoft for its strong cloud offering, but are bearish on Oracle partly based on a downbeat CIO survey.
Goldman Sachs analyst Kash Rangan initiated coverage on a basket of software names late Thursday, assigning buy ratings to shares of Microsoft Corp. , Workday Inc. , Adobe Systems Inc. , ServiceNow Inc. , Salesforce.com Inc. , and Splunk Inc. . He’s less upbeat about the prospects for Autodesk Inc. and Oracle Corp. as he assigned sell ratings to both names. Rangan’s buy-rated stocks “lean more toward reasonably valued high quality growth franchises,” he wrote. Companies like Microsoft, Salesforce, Workday, and Splunk look poised to benefit from a potential shift in software spending priorities toward the second half of the year, he argued. While corporate IT departments have been spending on “defensive” categories like video conferencing and remote applications, they could soon shift to more “offensive” areas like the public cloud, human-capital management, and financial tools, Rangan wrote. As for the sell-rated names, Rangan is worried about “secular pressure” for Oracle’s middleware business and the health of Autodesk’s customer base, particularly in terms of commercial construction companies after the pandemic ends.
Miami Mayor Francis Suarez is hoping to establish his city as the next great tech hub.
A coalition made up of health and technology companies which include both Microsoft Corporation (NASDAQ: MSFT), Salesforce.com Inc (NYSE: CRM), and Oracle Corporation (NYSE: ORCL) is working on developing a digital passport for COVID-19 vaccines.What Happened: The Vaccine Credential Initiative also includes MITRE, Mayo Clinic, Evernorth, The Commons Project Foundation, and CARIN Alliance among others, as per a statement issued Thursday. “As the world begins to recover from the pandemic, having electronic access to vaccination, testing, and other medical records will be vital to resuming travel and more,” said Mike Sicilia, executive vice president of Oracle’s global business units. The group anticipates that a trustworthy, traceable, verifiable, and universally recognized digital record of vaccination is urgently needed.Why It Matters: The body wants to empower individuals to obtain an encrypted copy of the inoculation credentials and store it in a digital wallet of choice — like those provided by Apple Inc (NASDAQ: AAPL) or Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) unit Google.Alternatively, users could print out a paper copy of the credentials containing a QR code. See Also: How Oracle Is Tracking COVID-19 Vaccinations In The CloudLast month, the International Air Transport Association also unveiled the key design elements of its IATA Travel Pass which helps travelers secure and manage travel in line with government requirements for COVID-19 testing or vaccine information. The IATA app is due for release in the first quarter of this year and would be available on both the iOS and Android platforms.Price Action: Microsoft shares closed nearly 1.5% lower at $213.02 on Thursday and rose 0.23% in the after-hours session. On the same day, Oracle shares closed almost 0.8% lower at $61.60.See more from Benzinga * Click here for options trades from Benzinga * Apple To Bring Music, Podcast To Microsoft Store In 2021: Report * Big Tech CEOs Condemn Capitol Violence, Term It ‘Shameful,’ ‘Antithesis Of Democracy'(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Oracle (ORCL) announced availability of Oracle Database 21c on its cloud platform as well as Oracle Apex (Application Express) Application Development as a managed cloud service.
Analysis and trade direction are uploaded generally between noon and 1pm EST for most events. ALWAYS check back near market close for updates as the analysis can change by end of session.
“I’m sorry, this content is for members only. To access this content, you must log in with your membership credentials – OR if you are not a member yet, visit our registration page here and get signed up Looking forward to having you on-board ASAP”
This area reserved for subscribers to the Options Intelligence Strategy. If this is something you wish to participate in, just let us know below.
NOTE: There is a significant amount of data behind the scenes in getting to the analysis in the tab above. Too much information for traders only confuses things – so this is striped down to only what it needed to make the best possible decision(s) on trading the trajectory.