USG Corporation (NYSE:USG) Market Cap To Touch $4.13B

Larry Ellison keynoting Oracle Open World

Update: Oracle's revenue outlook missed estimates. The Beta for the stock stands at 1.05. Meeder Asset Mngmt Incorporated holds 0.01% of its portfolio in KeyCorp (NYSE:KEY) for 7,868 shares.

However, new software license revenue for on-premises systems again fell back, slipping 6 percent for the quarter. Finally, Howe & Rusling Inc. lifted its holdings in shares of Oracle Corporation by 2.1% in the first quarter. Following the completion of the sale, the executive vice president now owns 177,988 shares of the company's stock, valued at $9,146,803.32. The company had a trading volume of 37,653,961 shares.

On a historical basis, Oracle is trading at overvalued levels, with a forward PE of about 16.5 and a current PE of roughly 18.

The above price chart shows the daily price action going back to about the beginning of March of this year.

U.S. software group Oracle announced on Thursday that it expected revenues in its second quarter to grow by just 2% to 4%, compared to the market consensus of 4.7%, amid analysts' concerns over the firm's ability to defend its margins. They expect $1.60 earnings per share, down 1.84% or $0.03 from last year's $1.63 per share. North Carolina-based Salem Investment Counselors has invested 0.06% in Oracle Corporation (NYSE:ORCL).

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The best performing sector in terms of rate of growth was cloud software as a service, which went up 62% in revenues compared with the same quarter in the previous year to $1.1 billion.

Oracle's cloud business, including infrastructure as a service (IaaS), came to $1.5 billion, up 51 percent. Cloud-based sales jumped 51 percent during the quarter ended August 31, the company said Thursday in a statement. The company also recently declared a dividend that was paid on Wed Aug 2, 2017.

Oracle pays a dividend of $0.76. The dividend yield was $1.44. The ex-dividend date was set for Monday the 17th of July 2017.

A total of 34 analysts have reported on the stock. Company insiders own 29.00% of the company's stock. The stock was sold at an average price of $50.30, for a total value of $188,625.00. The Greenhaven Associates Inc holds 3.29 million shares with $95.08 million value, down from 3.55M last quarter.

WARNING: This news story was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and global trademark and copyright laws. Harris Assocs LP invested 3.07% of its portfolio in Oracle Corporation (NYSE:ORCL). The stock's average target of $110.50 is 12.94% above today's ($97.84) share price.

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Barrow Hanley Mewhinney & Strauss Llc increased its stake in Oracle Corp (ORCL) by 9.23% based on its latest 2016Q4 regulatory filing with the SEC.

RBC Capital Markets analyst Ross MacMillan maintained an outperform rating on Oracle and a price target of 56. Zacks Investment Research lowered Oracle Corporation from a "buy" rating to a "hold" rating in a research report on Tuesday, May 23rd.

Among 10 analysts covering RWE AG (OTCMKTS:RWEOY), 6 have Buy rating, 1 Sell and 3 Hold. Canaccord Genuity reaffirmed a "buy" rating and issued a $49.00 target price on shares of Oracle Corporation in a research report on Friday, May 26th.

In the cloud platform-as-a-service and software-as-a-service markets, Oracle trails such established providers as Amazon (AWS), Microsoft (Azure) and Alphabet (Google Cloud). It provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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