Software giants Oracle (ORCL) and Red Hat (RHT) are all set to report their quarterly results this week. Can they follow industry group peer Adobe (ADBE) with earnings beats of their own? Oracle reports after the close on Wednesday. Analysts expect earnings to fall 13% while revenue drops 6%. As financial results have been lackluster for the past year or so, Oracle’s stock has underperformed. Shares are trading 20% below their high reached on
Add another analyst feeling better about Oracle (ORCL) sales after second-quarter field checks showed improvement, especially in cloud revenue. Feeling better, however, is not the same as feeling great. Oracle will let investors know how fairly Wall Street has been feeling its pain/gain when it releases fiscal Q2 results after the market closes Wednesday. The 32 analysts polled by Thomson Reuters say earnings should fall 13% from a year earlier to
An analyst upgrade from Goldman Sachs pushed Oracle (ORCL) stock up 1.5% to 37.84 by late morning on the stock market today, although it had peaked at 38.39 earlier in the morning. That followed five consecutive down days. Heather Bellini, the analyst, suggested that Oracle’s earnings may have found some footing “if Oracle is successful in attaining fiscal ’16 bookings targets,” she said in a research note issued Monday, two days before