February 11, 2018

Morning Briefing : Oracle Corporation (NYSE:ORCL),USD Partners LP (NYSE:USDP), Enterprise Products Partners L.P. (NYSE:EPD),

Oracle Corporation (NYSE:ORCL) in order  keep pace with its growing customer base in the region, of  Middle East, Abu Dhabi,  and in Africa, is set to open its first cloud data centre between May and August, according to the top official said.

The president of product development, Thomas Kurian, who worked at Oracle, told the Gulf News in an exclusive interview that the Abu Dhabi cloud data centre will be the company’s 29th centre globally.

The US baese software giant announced the Abu Dhabi plan in January 2016 but the roll-out was delayed due to modernization and some legal issues.

 

“Even though we don’t have a data centre here, many customers from the region run cloud solutions. The Dubai Airport, Landmark Group, DP World, for example. DP World has adopted Oracle cloud for end-to-end solutions globally,” he said.

He said that one of the key barriers to cloud adoption for many countries is due to the lack of data centre availability in that country. Today, many countries have data residency requirements which means that data has to reside in that country. Some popular global vendors such as SAP and Alibaba Cloud have data centres in Dubai while Amazon has it in Bahrain.

Huawei is planning to formally launch its end-to-end cloud portfolio soon.

Oracle Corporation (NYSE:ORCL)‘s stock on Friday traded at beginning with a price of $47.58 and when day-trade ended the stock finally gained 1.90% to reach at $47.73. Analyst’s mean target price for ORCL is $56.02 while analysts mean recommendation is 2.00. Stock value has moved between $40.11 – 53.03 in last one year.

Analyst’s ratings determines the future of any company. Stock has got OUTPERFORM rating from 16 analyst(s) whereas last month 15 analyst(s) have given outperform rating. SELL rating has been given by 0 analyst(s) and 11 analyst(s) given BUY rating to the stock. Company fiscal year is ending in May and analysts’ consensus recommendation is Outperform for ORCL and estimated EPS for next quarter is 0.68.

Oracle Corporation (NYSE:ORCL) yearly performance is 18.64% and net profit margin is 25.50%. Annual EPS Growth of past 5 years is 2.50%. The current share price indicates that stock is -10.18% away from its one year high and is moving 19.18% ahead of its 52-week low.

On 09 February 2018, USD Partners LP (NYSE:USDP) stock price started the day at $11.35 and moved between $ 10.20 – 11.35 to finally close at $10.81. USDP’s distance from 20 day simple moving average is -6.42% and distance from 50-Day simple moving average is -2.16%. In last 4 months performance of USDP was 1.46% while its price to sale ratio is 2.50 and price to book ratio is 3.50.

Analysts expect USD Partners LP (NYSE:USDP) to report 0.92 EPS and has got OUTPERFORM rating from 0 of Thomson Reuters analysts and 0 analyst(s) given UNDERPERFORM rating. Analyst’s mean target price for USDP is $11.25 while analysts mean recommendation is 3.30.

Enterprise Products Partners L.P. (NYSE:EPD)‘s stock on Friday traded at beginning with a price of $26.24 and when day-trade ended the stock finally plummeted -0.08% to reach at $25.98. Analyst’s mean target price for EPD is $31.81 while analysts mean recommendation is 1.60. Stock value has moved between $23.62 – 29.52 in last one year.

Stock has got OUTPERFORM rating from 12 analyst(s) whereas last month 11 analyst(s) have given outperform rating. SELL rating has been given by 0 analyst(s) and 14 analyst(s) given BUY rating to the stock. Company fiscal year is ending in December and analysts’ consensus recommendation is Outperform for EPD and estimated EPS for next quarter is 0.37.

Enterprise Products Partners L.P. (NYSE:EPD) yearly performance is -8.75% and net profit margin is 9.90%. Annual EPS Growth of past 5 years is -3.27%. The current share price indicates that stock is -11.96% away from its one year high and is moving 10.13% ahead of its 52-week low.

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