|Bid||146.08 x 1100|
|Ask||146.12 x 900|
|Day's range||145.26 - 146.37|
|52-week range||104.64 - 156.29|
|Beta (5Y monthly)||0.95|
|PE ratio (TTM)||25.98|
|Forward dividend & yield||2.26 (1.56%)|
|Ex-dividend date||13 May 2021|
|1y target est||154.67|
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.
SAP SE / Key word(s): Preliminary Results/Change in ForecastSAP SE: SAP Announces Preliminary Results for Q3 202112-Oct-2021 / 23:37 CET/CESTDisclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.Cloud Momentum Accelerates SignificantlyRaises Full Year Outlook Current Cloud Backlog Up 24% (Up 22% At Constant Currencies) S/4HANA Current Clou