The Redwood Shores, California based Oracle Corporation (NASDAQ:ORCL) aims to launch the first new version of its flagship database software in 5 years and an expanded line of high-end servers, as the company boosted its attempts to get more cloud-computing business.
Co-president at Oracle Mark Hurd reported in an interview on Friday that CEO of world’s leading software maker Larry Ellison will show the latest 12c database at its OpenWorld conference in San Francisco on Sept 30, designed for cloud computing, and more powerful systems to handle ballooning amounts of corporate data more efficiently.
In the previous 5 years, Oracle has doubled sales and lifted yearly profit by acquiring business-software corporations to challenge SAP AG (ADR) (NYSE:SAP).
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. CA, Inc. (NASDAQ:CA) fell -0.56% to settle at $25.76, Microsoft Corporation (NASDAQ:MSFT) moved down -1.33% to end at $29.76 while International Business Machines Corp. (NYSE:IBM) jumped +0.75% to finish at $207.45 on Thursday.
Oracle Corporation (NASDAQ:ORCL) on Sep 28, 2012 increased +0.78% to the closing price of $31.46. The overall volume in the last trading session was 27.01 million shares. Its fifty two weeks range was $24.91 – $33.81. The total market capitalization remained at $151.61 million.
ORCL is ahead of its 52-week low with 27.08% and lagging behind from its 52-week high price with -6.37%. ORCL’s last month’s stock price volatility remained 1.66%. In its share capital ORCL has 4.88 billion outstanding shares, among them 3.78 billion shares have been floated in market exchange. ORCL’s stock’s institutional ownership remained 61.38% while insider ownership included 22.64%.
The stock price of ORCL is moving down from its 20 days moving average with -2.18% and remote negatively from 50 days moving average with -0.07%. ORCL’s current year’s earnings per share experienced an addition with 17.53% while its current quarter performance remained at 6.14%. Company’s beta coefficient included 1.11. Beta factors measure the amount of market risk associated with market trade.
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