We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Oracle Grabs San Francisco Ballpark's Naming Rights for 20 Years
Read MoreHide Full Article
Oracle (ORCL - Free Report) has reportedly acquired the naming rights for San Francisco, CA-based waterfront baseball stadium. Per Bloomberg, the deal is worth more than $200 million. Other reports anticipate that the company is spending around $200-$350 million. The ballpark is home to the San Francisco Giants.
According to the terms of the agreement, the gaming arena will be renamed as Oracle Park for the next two decades. An official announcement is anticipated on Jan 10, 2019.
Notably, AT&T (T - Free Report) opted out early of this naming pact, which was set to expire in 2019, paving the way for the baseball stadium to be rechristened Oracle Park from the former name of AT&T Park.
The Giants’ baseball stadium boasts a capacity of 41,915 seats and is doing well of late. With the naming agreement, Oracle is expected to enhance its brand image in the San Francisco Bay Area.
The contract comes at a time when Oracle’s naming deal with Oakland arena is ending, now that the Golden State Warriors (aka the "Dubs") are shifting their home base to San Francisco.
The Dubs have inked a deal with J.P. Morgan Chase & Co. (JPM - Free Report) spanning more than 20 years, which is reportedly worth $15-$20 million a year. Notably, the Warriors, the defending NBA Championship franchise, will reportedly start playing in the 18,080-seater “Chase Center” in October.
Key Takeaways
Backed by this latest deal with the Giants, Oracle also attempts to drive innovation in the sports domain, riding on automation capabilities to improve fan experience. Further, initiatives to boost ticket sales with ordering concessions and other methods might favor the company’s prospects in the new development.
Oracle is benefiting from a strong adoption of its cloud-based solutions comprising Fusion ERP and Fusion HCM among others.
In fact, Fanatics, a leading e-commerce vendor furnishing sports merchandise, selected Oracle Customer Experience (“CX”) Cloud suite to provide its customers, primarily sports enthusiasts, with a customized “Fan Experience.”
Notably, sturdy demand for the company’s next-generation autonomous database, supported by machine learning, bodes well for the company’s top-line improvement.
Nonetheless, escalating expenses are also a headwind. Importantly, in second-quarter fiscal 2019, non-GAAP operating expenses, as percentage of revenues, increased 70 basis points (bps) to 57.3%.
Long-term earnings growth rate for SS&C is currently pegged at 13.5%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Oracle Grabs San Francisco Ballpark's Naming Rights for 20 Years
Oracle (ORCL - Free Report) has reportedly acquired the naming rights for San Francisco, CA-based waterfront baseball stadium. Per Bloomberg, the deal is worth more than $200 million. Other reports anticipate that the company is spending around $200-$350 million. The ballpark is home to the San Francisco Giants.
According to the terms of the agreement, the gaming arena will be renamed as Oracle Park for the next two decades. An official announcement is anticipated on Jan 10, 2019.
Notably, AT&T (T - Free Report) opted out early of this naming pact, which was set to expire in 2019, paving the way for the baseball stadium to be rechristened Oracle Park from the former name of AT&T Park.
The Giants’ baseball stadium boasts a capacity of 41,915 seats and is doing well of late. With the naming agreement, Oracle is expected to enhance its brand image in the San Francisco Bay Area.
The contract comes at a time when Oracle’s naming deal with Oakland arena is ending, now that the Golden State Warriors (aka the "Dubs") are shifting their home base to San Francisco.
The Dubs have inked a deal with J.P. Morgan Chase & Co. (JPM - Free Report) spanning more than 20 years, which is reportedly worth $15-$20 million a year. Notably, the Warriors, the defending NBA Championship franchise, will reportedly start playing in the 18,080-seater “Chase Center” in October.
Key Takeaways
Backed by this latest deal with the Giants, Oracle also attempts to drive innovation in the sports domain, riding on automation capabilities to improve fan experience. Further, initiatives to boost ticket sales with ordering concessions and other methods might favor the company’s prospects in the new development.
Oracle is benefiting from a strong adoption of its cloud-based solutions comprising Fusion ERP and Fusion HCM among others.
In fact, Fanatics, a leading e-commerce vendor furnishing sports merchandise, selected Oracle Customer Experience (“CX”) Cloud suite to provide its customers, primarily sports enthusiasts, with a customized “Fan Experience.”
Notably, sturdy demand for the company’s next-generation autonomous database, supported by machine learning, bodes well for the company’s top-line improvement.
Oracle Corporation Revenue (TTM)
Oracle Corporation Revenue (TTM) | Oracle Corporation Quote
Nonetheless, escalating expenses are also a headwind. Importantly, in second-quarter fiscal 2019, non-GAAP operating expenses, as percentage of revenues, increased 70 basis points (bps) to 57.3%.
Zacks Rank & Key Pick
Oracle carries a Zacks Rank #3 (Hold). SS&C Technologies Holdings, Inc. (SSNC - Free Report) , which sports a Zacks Rank #1 (Strong Buy), is a stock worth considering in the same industry. You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for SS&C is currently pegged at 13.5%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>