Today’s Research Reports on Stocks to Watch: Cisco Systems and Oracle

NEW YORK, NY / ACCESSWIRE / March 27, 2018 / Cisco Systems moved higher in Monday trading after the company announced a big contribution to end homelessness in the Silicon Valley. Shares of Oracle also saw gains despite any catalyst and may have been riding the rally the market was seeing yesterday.

RDI Initiates Coverage on:

Cisco Systems, Inc.
https://rdinvesting.com/news/?ticker=CSCO

Oracle Corporation
https://rdinvesting.com/news/?ticker=ORCL

Cisco Systems, Inc. shares closed up 3.87% on Monday with nearly 30 million shares traded. Traders were loving the notable and grand gesture the company made this week. Cisco announced that it was making a $50 million donation to Destination: Home over the next five years in an effort to help Santa Clara’s homelessness crisis. The area, which is located in the Silicon Valley, has the third highest rate of chronic homelessness in the entire nation. CEO of Destination: Home, Jennifer Loving remarked, “Cisco has fully embraced that concept, and is stepping up in a big way to provide the type of critical private sector leadership and substantial funding that is necessary to address this crisis head on. We couldn’t be more thrilled or grateful to have Chuck Robbins and the Cisco team at the table.” CEO of Cisco Chuck Robbins wrote in a blog post, “I believe that this commitment is a smart, long-term investment in the work that Destination: Home does, allowing them to buy land and build additional housing, pioneer technology solutions around homelessness, enhance data collection capabilities, and test promising social service intervention model.”

Access RDI’s Cisco Systems, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=CSCO

Oracle Corporation shares closed up 3.77% on almost 20.8 million shares on Monday. There was no remarkable news from the company. It was last week that the company unveiled its new state of the art cloud campus in Austin, Texas. The company’s CEO Mark Hurd stated, “Oracle is expanding in Austin to attract, hire and train the best talent to support the unprecedented growth of our cloud business. This campus will help enable our customers to accelerate their Oracle Cloud adoption and drive success.” Texas Governor Greg Abbott also stated, “On behalf of the state of Texas, I want to congratulate Oracle on the opening of their new campus. Texas is a growing hub for tech jobs and innovation, and I am pleased to see Oracle grow their investment here. Together, we will elevate the Lone Star State to new heights and expand economic opportunities for all Texans.” It was on March 19th that Oracle released its third quarter financial results and revealed a YOY increase of 6% in Q3 revenues.

Access RDI’s Oracle Corporation Research Report at:
https://rdinvesting.com/news/?ticker=ORCL

Our Actionable Research on Cisco Systems, Inc. (NASDAQ: CSCO) and Oracle Corporation (NYSE: ORCL) can be downloaded free of charge at Research Driven Investing.

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