Oracle Has More Employees In California Than HQ Texas, Documents Show Ahead Of Nashville Move: Report
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 30 2024
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Source: Benzinga
- Oracle's Headquarters Move: Oracle Corp. is planning to move its headquarters from Texas to Nashville, three years after relocating from California to Texas.
- Employee Distribution: Despite the headquarters shift, most office workers (6,900) are still based in California compared to 2,500 in Texas, with many classified as remote workers across the U.S.
- Previous Moves: In 2020, Oracle and other Silicon Valley tech companies moved their headquarters to Austin, Texas, indicating a diminishing economic role for California.
- Expansion and Operations: Oracle's acquisition of Cerner led to more employees in Missouri than in Texas, with major hubs in Seattle, Boston, and Denver.
- Reasons for Nashville Move: Nashville's appeal lies in its healthcare sector prominence and quality of life, with substantial incentives received from the city and state to create jobs.
Analyst Views on CLOD
Wall Street analysts forecast CLOD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CLOD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 30.252
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
