Oracle (ORCL) is one of the leading computer tech corporations in the United States. It is also one of the key players in the multibillion dollar computer systems industry in the globe. Although Oracle comes third after both Microsoft (MSFT) and IBM (IBM) in terms of revenue generated from software sales, it has been slowly trying to close this gap over the years. It still ranks ahead of industry heavyweights such as Adobe (ADBE) and business software developers Intuit (INTU), and as such, deserves to be taken seriously on its own terms.
Oracle has been involved in the production of a number of computer-based products that have seen it grow exponentially since its inception in the late 1970s. It has since then evolved into a giant corporation that has customers on a global scale and approximately 112,000 employees as of last year. As an investor, I have been keen on following the trends that will most likely affect Oracle’s performance on the stock market, as highlighted in this article.
Currently Oracle’s stock price is trading at about $29, which is similar to its previous closing. Along with its main competitors, Microsoft, which stands at about $31, IBM at around $207 and finally SAP AG (SAP) at around $65, all stock prices seem to have maintained its standings from previous closings. This is a clear message to all investors in the computing industry that the market is stabilizing, which has been a motivating factor, especially for me.To continue reading, click here.