|Bid||144.86 x 1100|
|Ask||145.31 x 1000|
|Day's Range||144.86 - 145.55|
|52 Week Range||104.64 - 156.29|
|Beta (5Y Monthly)||0.95|
|PE Ratio (TTM)||25.86|
|Forward Dividend & Yield||2.26 (1.55%)|
|Ex-Dividend Date||May 13, 2021|
|1y Target Est||N/A|
Long-term Oracle (NYSE: ORCL) shareholders will be the first to tell you that the company's pivot into cloud-based ERP solutions wasn't always the clear way forward for the company -- though it has become that, today. Shareholders have had to watch Oracle play second fiddle to on-premise ERP Solutions like SAP (NYSE: SAP) for years while the cloud-based ERP Market developed fully. On-premise ERP options initially gained popularity because they ran on a company's internal servers and were implemented like your old-fashioned software installation.
ADRs of SAP (NYSE:SAP) were trading higher by more than 5% in Wednesday’s premarket as the company raised its annual outlook for the third time - albeit modestly - on the back of sustained strength in its subscription business. In a preliminary update ahead of its full quarterly results, the enterprise software-maker now expects 2021 Cloud and software revenue at 24 billion euros ($27.84 billion) at center of the guidance range, up 3% from its previous estimate of 23.8 billion euro. Order backlogs for its Cloud services were up 24% at 8.17 billion euro, while backlogs for its flagship S/4HANA service were up 60% to 1.28 billion.
After a hot start early in the year, shares of Qualtrics (NASDAQ: XM) are currently sitting on a 4% decline since making their publicly traded debut in January 2021, compared to a 14% gain for the S&P 500 over that same span of time. Such underperformance isn't out of the ordinary for IPO stocks, but it is hiding a noteworthy growth story at Qualtrics. The digital experience management software firm is riding a wave of activity as organizations scramble to get their operations upgraded for the cloud era.