ORCL
Oracle
Updated - ago
Oracle (ORCL) shares traded modestly higher by 1.02% to $118.21, stabilizing as the market digests the aftermath of its massive capital raise and long-term financial disclosures.1 The recent offerings remove immediate supply uncertainty while investors weigh near-term free cash flow pressures against management's multi-year targets.1
Oracle Corporation is an American multinational technology company that trades on the New York Stock Exchange under the ticker symbol ORCL. Larry Ellison, Bob Miner, and Ed Oates founded the business in California in 1977, and the company now maintains its headquarters in Austin, Texas. Oracle operates through three primary business segments, which comprise Cloud and License, Hardware, and Services. The company develops relational database management software, including its flagship Oracle Database and MySQL, alongside developer platforms such as Java. Through Oracle Cloud Infrastructure, the firm provides compute, storage, networking, and automated cloud systems such as the Oracle Autonomous Database. Oracle also supplies enterprise cloud applications that support enterprise resource planning, human capital management, supply chain management, and customer relationship management. These software tools and specialized industry platforms, including healthcare records systems from Cerner, serve commercial enterprises and government agencies worldwide.