Market Update: Oracle Corporation (NYSE:ORCL) – Dell Software Launches Fully Localized Chinese Release of Toad for Oracle

Oracle Corporation (NYSE:ORCL) [Business Wire] – ROUND ROCK, Texas–(BUSINESSWIRE)– Dell Software today announced the release of a fully localized Simplified Chinese version of Toad for Oracle. The new release marks the latest milestone for Dell Software’s flagship database development and management solution. Already used by more than 2 million database professionals across the globe, the release of version 12.5 streamlines and simplifies adoption for customers in China’s growing database management market. Toad for Oracle 12.5 includes complete localization of the product installer, user interface and documentation into Simplified Chinese.
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Oracle Corporation (ORCL), with a current market cap of $181.02B, started trading this morning at $40.35.
 
During today’s session, ORCL traded between $40.35 to $40.67 with its 52-week range being $31.56 to $43.19.
 
Priced at 12.76x this year’s forecasted earnings, ORCL shares are relatively expensive compared to the industry’s -5.28x forward p/e ratio.
 
The company pays shareholders $0.48 per share in dividend income per year, for a current yield of 1.20%.
 
Consensus earnings for the current quarter by the 32 sell-side analysts covering the stock is an estimate of $0.64 per share, which would be $0.05 better than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $3.16 is a $0.29 improvement when compared to the previous year’s annual results.
 
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $8.77 Billion. If realized, that would be a 4.65% increase over the year-ago quarter.
 
More recently, Maxim Group Initiated ORCL at Buy (Jun 4, 2014). Previously, Argus downgraded ORCL from Buy to Hold.
 
Given all the information above, we should disclose to readers that the average price target is $44.70, which is 10.78% above than it opened this morning.
 
Summary (NYSE:ORCL) :  Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, application software, cloud infrastructure, hardware systems, and related services worldwide. It provides software and hardware systems, and related services to manage their cloud-based or on-premise IT environments, as well as to deploy cloud software-as-a-service, platform-as-a-service, and infrastructure-as-a-service. The company offers software for mobile computing; database and middleware software that runs and manages business applications for midsize businesses and large enterprises; and Java, a software development language. It also provides applications software, such as human capital and talent management, customer experience and customer relationship management, financial management and governance, risk and compliance, procurement, project portfolio management, supply chain management, business analytics and enterprise performance management, and industry-specific applications software; and virtual machine instance, hardware and related support, and software and hardware management and maintenance services. In addition, the company offers customers with rights to software product upgrades and maintenance releases; patches released; and Internet access to technical content, as well as Internet and telephone access to technical support personnel. Further, it provides servers, storage, networking, virtualization software, operating systems, and management software to support various IT environments; and hardware systems support solutions, such as software updates for the software components. Additionally, the company offers consulting services, such as IT strategy alignment, enterprise architecture planning and design, initial product implementation and integration, and ongoing product enhancement and upgrade; customer support services; and education services. Oracle Corporation was founded in 1977 and is headquartered in Redwood City, California.
 
Tag Helper ~ Stock Code: ORCL | Common Company name: Oracle | Full Company name: Oracle Corporation (NYSE:ORCL) .

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