8 Mar

How Wall Street Analysts View Oracle Stock

WRITTEN BY Anne Shields

SaaS expected to be the highest deployed cloud model until 2021

So far in this series, we’ve discussed the various factors impacting Oracle (ORCL) stock, including the effects of President Trump’s tax reform measures on corporate cash reserves. Oracle is expected to be one of the biggest beneficiaries of the reform.

If we consider Cisco Systems’ (CSCO) Global Cloud Index, SaaS[1. software-as-a-service] workloads are expected to grow at a CAGR[2. compound annual growth rate] of 23.0% and are expected to manage 75.0% of cloud workloads by 2021.

How Wall Street Analysts View Oracle Stock

This could be the most frequently deployed global cloud service. This trend helps explain tech companies’ increased inclination toward the SaaS/subscription business model. So, tech companies focused on the cloud, especially SaaS, enjoy higher valuation multiples.

Wall Street analysts’ ratings on Oracle stock

Of the 20 Wall Street analysts following Oracle stock, only one has a “sell” recommendation. Nine analysts have “buy” recommendations, and ten have “hold” recommendations. These ratings indicate that the market is viewing Oracle stock cautiously.

Cleveland Research recently announced that it has downgraded Oracle stock’s rating to “neutral” from “buy.”

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Lululemon (LULU) stock rose 2.1% on June 13 in reaction to better-than-expected first-quarter results and an upgraded outlook for fiscal 2019 overall. The company's first-quarter adjusted EPS grew 34.5% to $0.74 on revenue growth of 20.4% to $782.32 million. Analysts had expected EPS of $0.70 and revenue of $755.31 million. Here's why the outlook got an upgrade.

14 Jun

IEA Again Slashes Its Oil Demand Growth Estimate

WRITTEN BY Rabindra Samanta

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14 Jun

Why Kimberly-Clark Stock May Stop Rising

WRITTEN BY Amit Singh

Kimberly-Clark (KMB) stock has risen 20.5% this year, boosted by the company’s better-than-expected sales and earnings during its last reported quarter. However, its stock could stop climbing. Here's why.

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