Oracle (ORCL) Earning Somewhat Positive Media Coverage, Study Finds

Media coverage about Oracle (NYSE:ORCL) has been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Oracle earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the enterprise software provider an impact score of 46.6221543134429 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news stories that may have effected Accern’s analysis:

Shares of Oracle (NYSE:ORCL) traded up $1.08 during trading on Friday, hitting $49.60. 14,404,743 shares of the stock were exchanged, compared to its average volume of 12,138,436. The company has a market capitalization of $202,497.53, a PE ratio of 19.03, a PEG ratio of 1.85 and a beta of 1.05. Oracle has a 52 week low of $38.30 and a 52 week high of $53.14. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.61 and a current ratio of 3.63.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Oracle had a net margin of 25.34% and a return on equity of 20.55%. The business had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the prior year, the business posted $0.55 earnings per share. Oracle’s revenue was up 7.0% compared to the same quarter last year. equities analysts anticipate that Oracle will post 2.68 EPS for the current year.

ORCL has been the topic of a number of recent analyst reports. Drexel Hamilton restated a “buy” rating and set a $62.00 target price on shares of Oracle in a report on Thursday, September 14th. BidaskClub upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Rosenblatt Securities reiterated a “buy” rating and issued a $58.00 price objective on shares of Oracle in a report on Monday, September 11th. Moffett Nathanson assumed coverage on shares of Oracle in a report on Wednesday, September 6th. They issued a “buy” rating and a $65.00 price objective on the stock. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $53.00 price objective on shares of Oracle in a report on Sunday, August 27th. Twelve research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $55.04.

In related news, EVP Dorian Daley sold 76,703 shares of the company’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $49.00, for a total transaction of $3,758,447.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey Berg sold 45,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $48.03, for a total transaction of $2,161,350.00. The disclosure for this sale can be found here. Insiders have sold 305,776 shares of company stock valued at $14,821,999 in the last ninety days. 29.00% of the stock is currently owned by company insiders.

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About Oracle

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

Insider Buying and Selling by Quarter for Oracle (NYSE:ORCL)

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