Microsoft conducted a probe into co-founder Bill Gates' involvement with an employee almost 20 years ago after it was told in 2019 that he had tried to start a romantic relationship with the person, the company said on Monday.
Oracle (ORCL) has secured a cloud computing contract with Dish Wireless, the unit of DISH Network (DISH) focused on mobile services. Oracle sells business software and competes for cloud market share with Amazon (AMZN), Microsoft (MSFT), and Alphabet’s (GOOGL) Google.Dish is building a cloud-based 5G network as it works to expand its wireless business and diversify outside its legacy satellite pay-TV market. It has selected Oracle Cloud to provide the service-based architecture for the 5G network. “Oracle’s capabilities will essentially serve as the control tower of our network core, enabling our customers to consume software on demand,” said Marc Rouanne, chief network officer at Dish Wireless.The financial terms of the deal were not revealed, but it gives Oracle an important role in Dish’s 5G network build-out project. In addition to the Dish Wireless contract, Oracle also announced teaming up with Oxford University in an arrangement that involves using its cloud resources to fight the COVID-19 pandemic. The goal is to speed up genetic analysis of the coronavirus to help identify variants quickly. The outbreak of new COVID-19 strains is frustrating the efforts to bring the pandemic to an end. (See Oracle stock analysis on TipRanks)On April 23, Wolfe Research analyst Alex Zukin initiated coverage on Oracle stock with a Hold rating and a $75 price target. Zukin’s price target points to 4.93% downside potential. The analyst observed that Oracle’s business has not been growing well lately and needs to improve for the stock to rise.“We ultimately believe ORCL needs to show mid-single digit growth for shares to meaningfully re-rate and outperform other software stocks over a multi-year horizon,” noted Zukin.Consensus among analysts on Wall Street is a Moderate Buy based on 8 Buy and 14 Hold ratings. The average analyst price target of $74.42 implies 5.67% downside potential to current levels.ORCL scores an 8 out of 10 on TipRanks’ Smart Score rating system, indicating the stock is likely to outperform the market.Related News:
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A look at the shareholders of Microsoft Corporation (NASDAQ:MSFT) can tell us which group is most powerful. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. Companies that used to be publi
Better, like beauty, is in the eye of the beholder. One person's take on a better investment won't necessarily match up to another person's view. The problem is that "better" is a really subjective term.I think there are several qualities that make one stock (or other type of inv
(RTTNews) - Bill Gates, the founder, and former chairman of Microsoft Corp. left the company's board as an investigation on his alleged sexual relationship with an employee in 2000 was going on, the Wall Street Journal reported.The Board members in 2020 reportedly decided that Ga
As a new investor, it's important to consider your risk tolerance. Some people may be more comfortable with exchange-traded funds (ETFs), while others may prefer to pick stocks. If you decide on the latter, bear in mind you'll need do your homework. It's important to understand a
With the recent hack of Colonial Pipeline leading to gas shortages on the East Coast, it's clearer than ever why company executives have security as a top priority. Many are implementing an idea known as "zero trust." Just like it sounds, it's a policy of not trusting anyone. In
Hedge funds Third Point LLC and Sachem Head Capital Management, which often push for changes at corporate targets, traded in some of the same companies early this year but reached different conclusions on whether to hold or sell, regulatory filings show.
U.S. stocks rallied in a sharp rebound on Friday as investors set aside inflation worries and bought shares hammered by the week's volatility, with the shift back into riskier assets dragging on the dollar.
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Plantronics, Inc. (Symbol: PLT), where a total volume of 4,190 contracts has been traded thus far today, a contract volume which is representative of approximat
U.S. stocks extended their recovery on Friday as investors set aside inflation worries and bought shares hammered by the week's volatility, with the shift back into riskier assets dragging on the dollar.
U.S. stocks rose on Friday with broad-based gains, as investors looked at economic recovery prospects after worries about a prolonged period of inflation sparked a volatile week of trading.
U.S. stocks extended their recovery on Friday as investors set aside inflation worries and bought shares hammered by the week's volatility, with the shift back into riskier assets dragging on the dollar.
U.S. stocks rose on Friday with broad-based gains as investors looked to economic recovery prospects after worries about a prolonged period of inflation sparked a volatile week of trading.
Wall Street's main indexes were set to open higher at the end of a volatile week marred by worries about rising inflation and a subsequent tightening of monetary policy.
U.S. stock index futures firmed on Friday at the end of a volatile week marred by worries about rising inflation and a subsequent tightening of monetary policy, while investors awaited retail sales data.
Jamie Dimon is the most admired of the Fortune 500 CEOs, according to a survey of top executives in 2020. Among other accomplishments, Dimon helped navigate JPMorgan through the financial crisis in 2008, and during his 16-year tenure, the stock is up over 300%, outperforming the
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