Oracle Corporation (ORCL): Today's Featured Computer Software & Services Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
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(
) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day down 1%. By the end of trading, Oracle Corporation fell 37 cents (-1.2%) to $30.42 on average volume. Throughout the day, 17.6 million shares of Oracle Corporation exchanged hands as compared to its average daily volume of 22 million shares. The stock ranged in price between $30.41-$30.98 after having opened the day at $30.73 as compared to the previous trading day's close of $30.79. Other companies within the Computer Software & Services industry that declined today were:
(
), down 21.6%,
Kingtone Wirelessinfo Solution
(
), down 15.9%,
(
), down 12%, and
(
), down 11.7%.
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Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, applications software, and hardware systems. Oracle Corporation has a market cap of $152.43 billion and is part of the technology sector. The company has a P/E ratio of 15.7, below the S&P 500 P/E ratio of 17.7. Shares are up 23.3% year to date as of the close of trading on Wednesday. Currently there are 21 analysts that rate Oracle Corporation a buy, no analysts rate it a sell, and 13 rate it a hold.
TheStreet Ratings rates Oracle Corporation as a
. The company's strengths can be seen in multiple areas, such as its notable return on equity, reasonable valuation levels, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full Oracle Ratings Report.
On the positive front,
(
), up 23.4%,
(
), up 22.1%,
(
), up 17.5%, and
(
), up 15.6%, were all gainers within the computer software & services industry with
(
) being today's featured computer software & services industry leader.
- Use our computer software & services section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider
iShares S&P NA Tech Software Idx
(
) while those bearish on the computer software & services industry could consider
ProShares Ultra Short Technology
(
).
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