Oracle Corporation (ORCL)

NYSE: ORCL · IEX Real-Time Price · USD
123.50
+1.34 (1.10%)
At close: May 17, 2024, 4:00 PM
123.70
+0.20 (0.16%)
After-hours: May 17, 2024, 7:58 PM EDT
1.10%
Market Cap 338.99B
Revenue (ttm) 52.51B
Net Income (ttm) 10.64B
Shares Out 2.75B
EPS (ttm) 3.79
PE Ratio 32.59
Forward PE 20.80
Dividend $1.60 (1.30%)
Ex-Dividend Date Apr 9, 2024
Volume 4,180,330
Open 123.18
Previous Close 122.16
Day's Range 122.08 - 123.58
52-Week Range 97.29 - 132.77
Beta 1.02
Analysts Buy
Price Target 135.56 (+9.77%)
Earnings Date Jun 10, 2024

About ORCL

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sale... [Read more]

Sector Technology
IPO Date Mar 12, 1986
Employees 164,000
Stock Exchange NYSE
Ticker Symbol ORCL
Full Company Profile

Financial Performance

In 2023, Oracle's revenue was $49.95 billion, an increase of 17.70% compared to the previous year's $42.44 billion. Earnings were $8.50 billion, an increase of 26.59%.

Financial Statements

Analyst Forecast

According to 31 analysts, the average rating for ORCL stock is "Buy." The 12-month stock price forecast is $135.56, which is an increase of 9.77% from the latest price.

Price Target
$135.56
(9.77% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Oracle shares jump over 5% on potential $10 billion cloud deal with Elon Musk's xAI

Oracle Corp. (NYSE:ORCL) saw its shares rise by as much as 5.3% following a report from The Information that the company is nearing a $10 billion cloud contract with Elon Musk's artificial intelligenc...

3 days ago - Invezz

Elon Musk's xAI nears $10 bln deal to rent Oracle's AI servers, The Information reports

Elon Musk's artificial intelligence startup xAI has been talking to executives from Oracle about spending $10 billion to rent cloud servers from the company over a period of years, The Information rep...

4 days ago - Reuters

Oracle Named a Leader in 2024 Gartner® Magic Quadrant™ for Warehouse Management Systems

Oracle recognized based on its Ability to Execute and Completeness of Vision AUSTIN, Texas , May 14, 2024 /PRNewswire/ -- Oracle has been named a Leader in the 2024 Gartner® Magic Quadrant™ for Wareho...

4 days ago - PRNewsWire

Oracle Hospitality Hotel Merchandising Solution to be Offered to Choice Hotels International's Portfolio of Upscale Hotels

With the Oracle Nor 1 AI-powered upselling tool, properties can help increase revenue while providing tailored experiences to guests Properties using Nor1 eStandby Upgrade averaged a 17% uptick in ups...

Other symbols: CHH
4 days ago - PRNewsWire

Report: Oracle Health Facing Challenges Modernizing Outdated Systems

Oracle has reportedly encountered obstacles in its ambitious plans for electronic medical records company Cerner, which it acquired for $28 billion in December 2021.

8 days ago - PYMNTS

Oracle Increases Research and Development Investments in Morocco

More than 1,000 new employees will develop cloud and AI solutions for global export AUSTIN, Texas , May 9, 2024 /PRNewswire/ -- Oracle will expand its research and development (R&D) capabilities in Mo...

9 days ago - PRNewsWire

Oracle Named a Leader in Utilities CIS and Billing IDC MarketScape

Oracle recognized for excellence in complex billing, commercial and industrial customer management, demand response, and innovative programs for limited-income consumers AUSTIN, Texas , May 9, 2024 /P...

9 days ago - PRNewsWire

Oracle Introduces New AI-Powered Skills Solution to Help Organizations Drive Employee and Business Growth

New solution within Oracle Cloud HCM helps leadership teams maximize talent potential and align upskilling with business priorities AUSTIN, Texas , May 8, 2024 /PRNewswire/ -- Oracle today announced a...

10 days ago - PRNewsWire

Crexendo Selects Oracle Cloud Infrastructure to Support Unprecedented Company Growth

PHOENIX, AZ / ACCESSWIRE / May 7, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning premier provider of cloud communication platforms and services, video collaboration, and managed IT services de...

Other symbols: CXDO
11 days ago - Accesswire

Oracle Code Assist Can Help Developers Build Applications Faster with AI

Oracle Code Assist is intended to help developers boost velocity, enhance code consistency, and will be optimized for Java, SQL, and Oracle Cloud Infrastructure-based applications AUSTIN, Texas , May ...

11 days ago - PRNewsWire

Oracle Named a Leader in 2024 Gartner® Magic Quadrant™ for Supply Chain Planning Solutions

Oracle recognized based on its Ability to Execute and Completeness of Vision AUSTIN, Texas , May 7, 2024 /PRNewswire/ -- Oracle has been named a Leader in the 2024 Gartner® Magic Quadrant™ for Supply ...

11 days ago - PRNewsWire

Accenture and Oracle Partner on Generative AI for Finance Teams

Accenture and Oracle expanded their partnership to help clients accelerate their adoption of generative artificial intelligence in the finance organization. The new solutions offered through this coll...

Other symbols: ACN
12 days ago - PYMNTS

Red Hat OpenShift Generally Available on Oracle Cloud Infrastructure

DENVER & AUSTIN, Texas - Red Hat Summit 2024--(BUSINESS WIRE)--Red Hat, Inc., the world's leading provider of open source solutions, and Oracle today announced the general availability of Red Hat Open...

12 days ago - Business Wire

Accenture and Oracle Collaborate to Help Clients Accelerate Generative AI Adoption, Starting with the Finance Organization

NEW YORK & AUSTIN, Texas--(BUSINESS WIRE)--Accenture and Oracle are collaborating to help clients accelerate generative AI adoption.

Other symbols: ACN
12 days ago - Business Wire

Oracle Database 23ai Brings the Power of AI to Enterprise Data and Applications

Oracle AI Vector Search allows documents, images, and relational data that are stored in mission-critical databases to be easily searched based on their conceptual content Generative AI can now be use...

16 days ago - PRNewsWire

Oracle updates database technology for AI chatbots

Oracle on Thursday released an update to its database technology intended to make it more useful with artificial intelligence technology.

16 days ago - Reuters

Oracle and TIM Collaborate to Accelerate Cloud Adoption in Italy

TIM to integrate Oracle Cloud Infrastructure into its managed cloud services Agreement will enable public and private sector organizations to take advantage of OCI's high performance, built-in securit...

16 days ago - PRNewsWire

Oracle Advances Global RTSM Capabilities to Help Sponsors

Latest updates to Oracle Clinical One RTSM cloud-based solution make it easier for sponsors and CROs to configure, scale, and automate to support complex and global clinical trial studies BOSTON , May...

17 days ago - PRNewsWire

Oracle Energy and Water Awards Recognize Utilities Leading in Industry Transformation and Innovation

Exelon, JXN Water, and Portland General Electric win for their efforts to engage customers, execute meaningful grid management strategies, and drive business transformation AUSTIN, Texas , May 1, 2024...

17 days ago - PRNewsWire

CPS Energy to Power its Operations with Oracle Cloud

Nation's largest community-owned provider of electric and natural gas services standardizes on Oracle's AI-supported technology to improve efficiency and customer service AUSTIN, Texas , April 30, 202...

18 days ago - PRNewsWire

Oracle boosts its generative AI capabilities as cloud competition heats up

Oracle in March announced new generative AI features embedded across applications in finance, supply chain, HR, sales, marketing, and service.

19 days ago - CNBC

CNBC's 2024 Stock Draft: Hot dog eating champ Joey Chestnut chooses Oracle for his first-round pick

CNBC's annual stock draft is underway. Celebrities, athletes, and financial gurus join ‘Power Lunch' to make their picks.

23 days ago - CNBC Television

CNBC's 2024 Stock Draft: Comedian Druski chooses Oracle for his first-round pick

CNBC's annual stock draft is underway. Celebrities, athletes, and financial gurus join ‘Power Lunch' to make their picks.

23 days ago - CNBC Television

Why is Oracle moving to Nashville? Because this one industry is thriving there.

The town known as Music City is striking a chord as a tech hub, and Oracle Corp. is about to join the chorus.

23 days ago - Market Watch

Oracle Introduces New AI Capabilities to Help Organizations Boost Sales

New AI capabilities in Oracle Cloud CX help marketers, sellers, and service agents, improve customer satisfaction, increase productivity, and accelerate deal cycles MEXICO CITY , April 25, 2024  /PRNe...

23 days ago - PRNewsWire