Revenue Update on Oracle Corporation(NYSE:ORCL)

Oracle Corporation(NYSE:ORCL) announced the earnings results for Fiscal Year 2017 and Q3. The results came in during After-Market on Mar 15, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $9.274B. Analysts estimated a revenue of $9.250B. The revenues were 0.26% above the estimates. Earnings per share were $0.69. The reported EPS was above estimates by 11.29%. Analysts had estimated an EPS of $0.62.

In a different note, Wells Fargo said it Initiates Coverage On Oracle Corporation, according to a research note issued on Jan 11, 2017. The shares have been rated ‘Outperform’ by the firm.

Oracle Corporation (ORCL) shares turned negative on Fridays trading session with the shares closing down -0.07 points or -0.15% at a volume of 3,16,88,720. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $45.98. The peak price level was also seen at $45.98 while the days lowest was $45.11. Finally the shares closed at $45.66. The 52-week high of the shares is $46.99 while the 52-week low is $37.62. According to the latest information available, the market cap of the company is $187,313 M.

Several Insider Transactions has been reported to the SEC. On Feb 16, 2017, Hector Garcia-molina (director) sold 3,750 shares at $40.95 per share price.Also, On Dec 22, 2016, Naomi O Seligman (director) sold 45,000 shares at $38.72 per share price.On Sep 23, 2016, Dorian Daley (EVP, Gen’l Counsel, Secretary) sold 16,065 shares at $39.61 per share price, according to the Form-4 filing with the securities and exchange commission.

Oracle Corporation (Oracle) is a provider of enterprise software and computer hardware products and services. The Company’s offerings include Oracle database and middleware software application software cloud infrastructure hardware systems including computer server storage and networking products and related services. It operates through various segments including new software licenses and cloud software subscriptions which include software licenses and Oracle Cloud offerings; cloud infrastructure-as-a-service which provides deployment and management offerings; software license updates and product support which includes support enhancements and upgrades for Oracle software products; hardware systems products which includes servers storage networking virtualization software operating systems and management software; hardware systems support which provides software updates for software components and services business which offers consulting services

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