Database Rebounds Improves Oracle’s Long-Term Outlook; Raising FVE to $50
Wide-moat Oracle's fourth quarter earnings report was largely in line with our expectations and slightly exceeded management guidance. The major highlight was re-acceleration of Oracle’s core database business, driven in part by customer adoption of Autonomous database. The rebound in databases confirms our belief that Oracle warrants a wide moat. We are raising our fair value estimate to $50 per share from $46, mostly due to the time value of money as we roll our valuation model. Shares appear ...Oracle provides products and services that address enterprise information technology (IT) environments. The company's products and services include applications and infrastructure offerings. The company's cloud and license business engages in the sale, marketing and delivery of its applications and infrastructure technologies through cloud and on-premise deployment models including its cloud services and license support offerings; and its cloud license and on-premise license offerings. The company's hardware business provides Oracle Engineered Systems, servers, storage, industry-specific hardware, operating systems, virtualization, management and other hardware-related software to support diverse IT environments.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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