Let us take a look at two well performing Software stocks, Oracle Corporation (NYSE ORCL) & Tableau Software Inc (NYSE DATA). Both have seen a lot of activity in their price levels in the recent weeks. With positive news surrounding either company, the stock prices are bound to rise for both of them. Here we take a closer look at the two stocks.
Oracle Corporation (NYSE:ORCL) announced its decision to sell notes worth $10.0 billion. The proceeds will be used for general corporate purposes, such as refinancing of debt and acquisitions including the company’s pending purchase of MICROS Systems Inc. (MCRS), stock repurchases and dividend payments.
On June 23, Tableau Software Inc (NYSE:DATA) announced that Goodwill Education Initiatives of Indiana (Goodwill Education) has selected Tableau to visualize and understand its data. Goodwill Education, a nonprofit organization focused on adult education, uses Tableau to analyze data on student performance, measure the effectiveness of its programs, and reduce the time required to fulfill compliance reporting requirements. With Tableau, Goodwill Education is instilling a data-driven culture in an industry where data analysis often goes overlooked.
Software Stocks: Oracle Corporation (NYSE ORCL) & Tableau Software Inc (NYSE DATA)
Tableau Software produces a family of interactive data visualization products focused on business intelligence. With the recent announcement by Goodwill Education, Tableau would be hoping to maximise their profits in the coming weeks. Company net profit margin stands at 2.00% whereas its Gross Margin is 91.70%. Tableau Software Inc (NYSE:DATA) is -32.46% away from its 52 week high.
Meanwhile, Oracle has been rated by various analysts as a BUY stock. Oracle net profit margin stands at 41.00% whereas its Gross Margin is 81.10%. Oracle Corporation (NYSE:ORCL) is -4.28% away from its 52 week high.
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Both the stocks, Oracle and Tableau, look set for a good time on the stock market in the coming months. With the Application Software companies finding more and more market, this should not come as a surprise. While the general consensus remains positive, only time will tell if the stocks do live up to the expectations.
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