NEW YORK (

TheStreet

) --

Oracle Corporation

(Nasdaq:

ORCL

) hit a new 52-week high Friday as it is currently trading at $35.44, above its previous 52-week high of $35.35 with 6.6 million shares traded as of 11:07 a.m. ET. Average volume has been 24.6 million shares over the past 30 days.

Oracle has a market cap of $178.4 billion and is part of the

technology

sector and

computer software & services

industry. Shares are up 12.7% year to date as of the close of trading on Thursday.

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Oracle Corporation, an enterprise software company, develops, manufactures, markets, distributes, and services database and middleware software, applications software, and hardware systems worldwide. The company has a P/E ratio of 23.3, above the average computer software & services industry P/E ratio of 23.2 and above the S&P 500 P/E ratio of 17.

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TheStreet Ratings rates Oracle as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

Oracle Ratings Report

.

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