Oracle Has More Employees In California Than HQ Texas, Documents Show Ahead Of Nashville Move: Report
Portfolio Pulse from Shivani Kumaresan
Oracle Corp. (NYSE:ORCL) has more employees in California than in its Texas headquarters, despite moving there three years ago. Chairman Larry Ellison announced another move to Nashville, citing the city's healthcare sector prominence and quality of life. Despite the headquarters shift, Oracle maintains significant operations in California and has more employees in Missouri following the acquisition of Cerner in 2022. Oracle's stock has gained over 22% in the last 12 months, with exposure through Themes Cloud Computing ETF (NASDAQ:CLOD) and IShares Expanded Tech-Software Sector ETF (BATS:IGV).
April 30, 2024 | 9:52 am
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POSITIVE IMPACT
Themes Cloud Computing ETF offers exposure to Oracle, which has shown a strong performance with a 22% gain in the last 12 months.
Given Oracle's significant role in the cloud computing sector and its recent performance, CLOD ETF, which includes Oracle, may see positive short-term impacts. Oracle's strategic moves and stock performance contribute to the attractiveness of CLOD for investors seeking exposure to the tech sector.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
IShares Expanded Tech-Software Sector ETF, including Oracle, benefits from Oracle's 22% stock gain over the past year.
Oracle's positive performance and strategic positioning in the software sector enhance the appeal of IGV ETF for investors. The ETF's exposure to Oracle, coupled with the company's recent gains, suggests a favorable short-term outlook for IGV.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Oracle maintains a significant presence in California and plans to move to Nashville, with a notable stock gain over the past year.
Oracle's continued growth and strategic moves, including the acquisition of Cerner and the planned move to Nashville, signal positive momentum. The company's significant employee base in strategic locations and the stock's performance over the past year suggest a positive outlook, potentially attracting investor interest.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90