Technical Reports on Application Software Equities — Oracle, CDK Global, Workday, and Red Hat

Press Releases

Nov 20, 2017

NEW YORK, Nov. 20, 2017 /PRNewswire/ — If you want a Stock Review on ORCL, CDK, WDAY, or RHT then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. DailyStockTracker.com revisits the Application Software industry, which includes companies that create, license, and sell software for a variety of uses, including personal and enterprise use. Many of these companies also sell complementary hardware. Under assessment this morning are the following equities: Oracle Corp. (NYSE: ORCL), CDK Global Inc. (NASDAQ: CDK), Workday Inc. (NASDAQ: WDAY) and Red Hat Inc. (NYSE: RHT). Learn more about these stocks by downloading their comprehensive and free reports from DailyStockTracker.com member’s area at:

http://dailystocktracker.com/register/

Oracle

California headquartered Oracle Corp.’s shares finished Friday’s session 0.53% lower at $48.94. A total volume of 9.98 million shares was traded. The stock has gained 0.08% over the previous three months and 27.28% on an YTD basis. The Company’s shares are trading above their 200-day moving average by 4.12%. Moreover, shares of Oracle have a Relative Strength Index (RSI) of 43.40.  

On November 09th, 2017, research firm UBS downgraded the Company’s stock rating from ‘Buy’ to ‘Neutral’ while revising its previous target price from $57 a share to $55 a share.

On November 16th, 2017, Oracle announced the general availability of a range of new Oracle Cloud Infrastructure compute options, providing customers with unparalleled compute performance based on the Company’s recently announced X7 hardware. Newly enhanced virtual machine and bare metal compute, and new bare metal graphical processing unit instances enable customers to run even the most infrastructure-heavy workloads, such as high-performance computing, big data and artificial intelligence, faster and more cost-effectively. ORCL complete research report is just a click away at:

http://dailystocktracker.com/registration/?symbol=ORCL

CDK Global

Shares in Illinois headquartered CDK Global Inc. ended the day 0.80% higher at $66.93 with a total trading volume of 756,733 shares. The stock has advanced 2.59% in the last month, 7.33% in the previous three months, and 12.13% since the start of this year. The Company’s shares are trading 4.66% and 4.98% above their 50-day and 200-day moving averages, respectively. Moreover, shares of CDK Global, which provides integrated IT and digital marketing solutions to the automotive retail and other industries worldwide, has an RSI of 64.05.  

On November 15th, 2017, CDK Global announced that its board of directors has approved a $0.01 increase in the quarterly cash dividend to an annual rate of $0.60 per share. The new quarterly dividend rate of $0.15 per share compares with the previous quarterly dividend rate of $0.14 per share. This increased quarterly dividend is payable on December 29th, 2017, to shareholders of record at the close of business on December 01st, 2017. The complimentary report on CDK can be downloaded at:

http://dailystocktracker.com/registration/?symbol=CDK

Workday

California headquartered Workday Inc.’s stock rose 2.14%, closing the session at $111.68. A total volume of 1.85 million shares was traded, which was above their three months average volume of 1.61 million shares. The Company’s shares have gained 4.60% in the last one month, 10.23% in the previous three months, and 68.98% on an YTD basis. The stock is trading 4.51% above its 50-day moving average and 14.87% above its 200-day moving average. Additionally, shares of Workday, which provides enterprise cloud applications for finance and human resources worldwide, have an RSI of 59.80.  

On November 09th, 2017, research firm UBS downgraded the Company’s stock rating from ‘Buy’ to ‘Sell’ while revising its previous target price from $121 a share to $95 a share.

On November 14th, 2017, Workday announced plans to report its Q3 FY18 results after market close on November 29th, 2017. The Company will host a conference call at 5:00 p.m. ET that same day to review its financial results and business outlook. A live webcast of the event will be available on the Company’s Investor Relations website. Sign up for your complimentary research report on WDAY at:

http://dailystocktracker.com/registration/?symbol=WDAY

Red Hat

On Friday, shares in North Carolina headquartered Red Hat Inc. finished the session 0.54% lower at $125.95. A total volume of 1.38 million shares was traded. The stock has gained 3.58% in the last month, 22.70% over the previous three months, and 80.70% on an YTD basis. The Company’s shares are trading above their 50-day and 200-day moving averages by 8.16% and 29.41%, respectively. Moreover, shares of Red Hat, which provides open source software solutions to develop and offer operating system, virtualization, management, middleware, cloud, mobile, and storage technologies to various enterprises worldwide, have an RSI of 73.41.  

On November 16th, 2017, Red Hat launched Red Hat OpenShift Container Platform 3.7, the latest version of the Company’s enterprise-grade Kubernetes container application platform. As application complexity and cloud incompatibility loom, Red Hat OpenShift Container Platform 3.7 helps IT organizations to build and manage applications that use services from the datacenter to the public cloud. Get free access to your research report on RHT at:

http://dailystocktracker.com/registration/?symbol=RHT

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