Oracle Corporation Can’t Burn Your Long Portfolio. Option Traders are Bullish

 Oracle Corporation Can't Burn Your Long Portfolio. Option Traders are Bullish

In today’s session Oracle Corporation (ORCL) registered an unusually high (98) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious ORCL increase. With 98 contracts traded and 96494 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: ORCL161216C00041000 closed last at: $0.4 or 8.1% up. The stock last traded at $40.3 per share. It is down 0.86% since April 26, 2016 and is downtrending. It has underperformed by 6.12% the S&P500.

Analysts await Oracle Corporation (NYSE:ORCL) to report earnings on December, 21. They expect $0.56 earnings per share, down 5.08% or $0.03 from last year’s $0.59 per share. ORCL’s profit will be $2.30 billion for 17.99 P/E if the $0.56 EPS becomes a reality. After $0.49 actual earnings per share reported by Oracle Corporation for the previous quarter, Wall Street now forecasts 14.29% EPS growth.

Oracle Corporation (NYSE:ORCL) Ratings Coverage

Out of 23 analysts covering Oracle (NYSE:ORCL), 14 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 61% are positive. Oracle has been the topic of 38 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The company was downgraded on Wednesday, November 11 by Morgan Stanley. The company was maintained on Thursday, September 17 by Nomura. On Tuesday, July 19 the stock rating was downgraded by Atlantic Securities to “Neutral”. The stock of Oracle Corporation (NYSE:ORCL) has “Buy” rating given on Wednesday, March 16 by Canaccord Genuity. FBR Capital maintained Oracle Corporation (NYSE:ORCL) on Thursday, December 17 with “Mkt Perform” rating. The firm has “Market Perform” rating given on Friday, January 8 by BMO Capital Markets. SunTrust upgraded Oracle Corporation (NYSE:ORCL) on Wednesday, September 16 to “Buy” rating. Goldman Sachs upgraded it to “Conviction Buy” rating and $47 target price in Monday, November 16 report. The rating was maintained by Citigroup on Friday, June 17 with “Neutral”. The company was initiated on Saturday, October 10 by Drexel Hamilton.

According to Zacks Investment Research, “Oracle Corporation is one of the world’s leading suppliers of software for information management. The company develops, manufactures, markets and distributes computer software that helps corporations manage and grow their businesses. The company’s software products can be categorized into two broad areas: Systems software and Internet business applications software.”

Insitutional Activity: The institutional sentiment increased to 0.95 in Q2 2016. Its up 0.15, from 0.8 in 2016Q1. The ratio increased, as 84 funds sold all Oracle Corporation shares owned while 568 reduced positions. 64 funds bought stakes while 456 increased positions. They now own 2.33 billion shares or 3.19% less from 2.41 billion shares in 2016Q1.
Savant Ltd Company has invested 0.18% of its portfolio in Oracle Corporation (NYSE:ORCL). Glovista Investments Ltd Liability Com holds 7,800 shares or 0.06% of its portfolio. Prudential Inc has 9.01 million shares for 0.62% of their US portfolio. American Intl Group Inc has 0% invested in the company for 1.40 million shares. Gw Henssler And has 1.27% invested in the company for 269,791 shares. Modera Wealth Management Ltd Liability last reported 7,665 shares in the company. Beacon Financial Grp holds 0.36% or 40,137 shares in its portfolio. Dekabank Deutsche Girozentrale holds 0.54% of its portfolio in Oracle Corporation (NYSE:ORCL) for 1.17M shares. Verition Fund holds 0.04% of its portfolio in Oracle Corporation (NYSE:ORCL) for 8,480 shares. Retirement Of Alabama last reported 0.8% of its portfolio in the stock. Blume Mgmt Incorporated holds 3.73% or 85,900 shares in its portfolio. Tompkins Fincl owns 35,741 shares or 0.43% of their US portfolio. Kistler accumulated 6,850 shares or 0.14% of the stock. Commonwealth Of Pennsylvania School Empls Retrmt holds 249,202 shares or 0.19% of its portfolio. Moreover, Papp L Roy & Associate has 0.23% invested in Oracle Corporation (NYSE:ORCL) for 23,398 shares.

Oracle Corporation provides services and products that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The company has a market cap of $165.58 billion. The Company’s businesses include cloud and on-premise software, hardware and services. It has a 19.09 P/E ratio. The Company’s cloud and on-premise software business consists of three divisions, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

ORCL Company Profile

Oracle Corporation (Oracle), incorporated on October 9, 2005, provides services and products that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. The Company’s cloud and on-premise software business consists of three divisions, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support. The Company’s hardware business consists of two divisions, including hardware products and hardware support. The Company’s services business includes activities, such as consulting services, enhanced support services and education services, among others.

More important recent Oracle Corporation (NYSE:ORCL) news were published by: Nasdaq.com which released: “Better Buy: Microsoft Corporation vs. Oracle” on November 28, 2016, also Investorplace.com published article titled: “Cloud M&A: Oracle Corporation (ORCL) to Buy DNS Provider Dyn”, Profitconfidential.com published: “Oracle Corporation: ORCL Stock Overcomes a Major Hurdle” on November 08, 2016. More interesting news about Oracle Corporation (NYSE:ORCL) was released by: Fool.com and their article: “Better Buy: International Business Machines Corporation vs. Oracle” with publication date: November 09, 2016.

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