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.
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.”
On February 27, 2018, Lowe's (LOW) announced that it won't continue to sell PPG Industries' (PPG) OLYMPIC brand paints and stains in its stores.
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 […]
Broadcom (AVGO) stock fell ~8.5% after markets closed yesterday following the semiconductor giant's fiscal 2019 second-quarter earnings release. It missed analysts' revenue estimate and cut its fiscal 2019 revenue guidance by $2 billion to $22.5 billion due to sluggishness in its semiconductor solutions business.
The SPDR Gold Shares ETF (GLD), which tracks physical gold prices, has underperformed the broader markets year-to-date, rising just 4.4% compared to the S&P 500’s (SPY) gain of 15.9% as of June 14. The sentiment for gold, however, has been turning around.
Safe havens such as Treasuries and gold were back in favor on June 14 as stocks fell due to rising tensions in the Middle East, concerns over growth, and the looming threat of the US-China trade war. The tech-heavy Nasdaq Composite Index fell 0.67% in the first hour of trading.
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.
As of 4:40 AM Eastern Time today, US crude oil active futures were at $51.83, ~4% below their closing level in the previous week. If US crude oil prices stay at those levels today, they'll mark their third week of decline in five weeks.
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.