Oracle (ORCL) has been a popular stock on Zacks.com recently, with a +8% return over the past month, outperforming the Zacks S&P 500 Composite. The Zacks Computer – Software industry, which includes Oracle, has also seen a 7.1% gain during this time. The key question now is what could influence the stock’s performance in the … Read more
Institutions hold a major stake in Oracle Corporation, with three investors owning a total of 52% of the company. Insider ownership in Oracle stands at 42%. Institutional investors saw significant gains last week as Oracle’s market capitalization reached $342 billion, resulting in a 28% one-year shareholder return. Institutional ownership can indicate credibility in the investment … Read more
Nvidia is set to release its earnings report after the closing bell on Wednesday, drawing attention from Wall Street investors. The market has seen moderate movement in benchmark averages this week, with a focus on the profit figures of the prominent artificial intelligence-driven company. Analysts anticipate a post-earnings move of around 8.5% for Nvidia, with … Read more
Dave Gwyn, the senior vice president of global channels at Nutanix, recently spoke at the Next 2024 conference to discuss upcoming developments in the company’s channel infrastructure. He highlighted two major changes in the Nutanix channel over the past year, including Broadcom’s acquisition of VMWare and the increasing prominence of artificial intelligence. Partners have expressed … Read more
In the Asian markets, the focus is on the upcoming monetary policy decisions from New Zealand and Indonesia. This comes as debate over the first US rate cut continues and stock markets consider their next moves. While Asian stocks retreated on Tuesday after a seven-day winning streak, Wall Street saw gains with the Nasdaq hitting … Read more
NVIDIA stock, symbol NVDA, is generating buzz among traders ahead of its earnings report on May 22. This report will be a crucial event for investors in the technology and artificial intelligence sectors, providing insights into the company’s performance and future outlook for 2024. The impact of NVIDIA’s earnings report will be felt on Thursday, … Read more
Nvidia is set to release its quarterly earnings report this Wednesday, with high expectations from the market. Revenue is projected to reach $24.6 billion, up from $22.1 billion in the previous quarter, and net income is expected to be $13.9 billion, compared to $12.8 billion last quarter. Despite Nvidia’s consistent strong performance, there are signs … Read more
In recent times, Broadcom Inc. (AVGO) has become one of the most closely watched stocks on Zacks.com. Investors are interested in understanding the factors that could impact the stock’s performance in the short term. Over the past month, shares of Broadcom have seen a significant increase of +15.8%, outperforming the Zacks S&P 500 composite. The … Read more
VMware, Inc. (NYSE:VMW – Get Free Report) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 3,880,000 shares, a drop of 17.3% from the August 31st total of 4,690,000 shares. Based on an average trading volume of 1,670,000 shares, the days-to-cover ratio is … Read more