TheStreet downgraded Oracle Corporation (NYSE:ORCL) to Hold in a statement released earlier today.
- Updated: September 16, 2016
Boasting a price of $38.92, Oracle Corporation (NYSE:ORCL) traded 1.52% higher on the day. The last stock price close is down 1.43% from the 200-day moving average, compared to the S&P 500 Index which has fallen -0.01% over the same period. Oracle Corporation has logged a 50-day moving average of $41.04 and two hundred day average of $40.28. 19,092,475 shares of the stock traded hands, up from ann avg. volume of 12,912,400
TheStreet has downgraded Oracle Corporation(NYSE:ORCL) to Hold in a report released 9/15/2016.
Previously on 9/16/2016, RBC Capital Markets reported about Oracle Corporation(NYSE:ORCL) dropped the target price from $43.00 to $42.00. At the time, this indicated a possible upside of 0.06%.
A total of 34 brokers have reported on ORCL. Seven analysts rate the stock a strong buy, 15 firms rate the stock a buy, 14 firms rate the stock a hold, four brokerages rate the stock to underperform, and finally one analystrate the stock as sell with a one year target of $43.91
With a market cap of $0.0, Oracle Corporation has a price-earnings of 20 with a one-year low of $33.13 and a 52 week high of $42.00.
Brief Synopsis About Oracle Corporation (NYSE:ORCL)
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. Its hardware business consists of two segments, including hardware products and hardware support. The Company’s services business includes the remainder of the Company’s segments. Its services business includes activities, such as consulting services, enhanced support services and education services, and among others.
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