Oracle Corporation (ORCL) is an American global computer technology corporation, headquartered in Redwood City, California. The company primarily specializes in developing and marketing database software and technology, cloud engineered systems and enterprise software products—particularly its own brands of database management systems. In 2011 Oracle was the second-largest software maker by revenue, after Microsoft. The company also develops and builds tools for database development and systems of middle-tier software, enterprise resource planning (ERP) software, customer relationship management (CRM) software and supply chain management (SCM) software. Larry Ellison, a co-founder of Oracle, served as Oracle's CEO from its founding until September 18, 2014, when it was announced that he would be stepping down, with Mark Hurd and Safra Catz to become CEOs. Ellison became executive chairman and CTO. He also served as the Chairman of the Board until his replacement byJeffrey O. Henley in 2004. On August 22, 2008, the Associated Press ranked Ellison as the top-paid chief executive in the world.
Reported after close today (6/16/16) Earnings: EPS $0.81 Revenue $10.59B Estimates: EPS $0.81 Revenue $10.47B Up 3.03% after hours so far
Oracle's Competitive Position Is Improving, Cloud Continues To Strengthen http://www.benzinga.com/analyst-rat...petitive-position-is-improving-cloud-continue
Oracle (ORCL) trotted out a 7% premarket advance, rising after reporting late Wednesday its fiscal third-quarter sales and earnings cleared analyst targets by comfortable margins. JPMorgan upgraded the stock to overweight, from neutral, Thursday morning. Shares Wednesday traded just below fresh highs, after breaking above an eight-month consolidation in February. http://www.investors.com/market-tre...es-firmly-higher-oracle-fang-stocks-advance/?
Business software giant Oracle (ORCL) is also likely to see early strength after reporting better than expected third quarter earnings and raising its quarterly dividend.
I mean i realize this market seems to have trouble with the concept of a tech company that actually makes a measurable profit.
Watching Oracle tomorrow for breakout continuation. New 15+ year high as an earnings winner. Expecting several analyst opinions.
Let's see how it does this week, Friday's actions seem to be bullish, lots of volume and move upward.
