Oracle Corp.’s (ORCL) Buy Rating Reaffirmed at Barclays PLC
It has twelve month low of $33.13 and twelve month high of $42.00.
Analysts on average are expecting revenue target $10,469.10M for next quarter (Quarter Ending May-16).
Wall Street is looking for Oracle to report adjusted earnings of 58 cents per share on revenue of $8.7 billion.
“We expect management will talk up cloud metrics”, Citigroup analyst Walter Pritchard said in a research report. During the same quarter in the prior year, the company earned $0.78 earnings per share. The insider owns 1,117,103,736 shares which have current market value of around $44885228112.CATZ SAFRA is another major inside shareholder in the company. The firm’s revenue for the quarter was down 1.1% compared to the same quarter past year. The disclosure for this sale can be found here. BTIG Research increased their target price on Oracle Corp. from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, July 14th.
Typically, after analysts publish an “reiterated rating” report on a stock, they will subsequently issue periodic updates, often followed by a price target change.
Oracle Corporation (NYSE:ORCL) [Trend Analysis] pretends to be active mover, stock fell about -1.69% to traded at $40.03. Finally, Credit Agricole SA reaffirmed an “underperform” rating on shares of Oracle Corp.in a research report on Monday, August 15th. The stock has market worth of $15.66B. Oracle Corp. has a consensus rating of “Buy” and a consensus price target of $44.54. The ratio is the same, as 84 funds sold all ORCL shares owned while 568 reduced positions. only 64 funds bought stakes while 456 increased positions. The forecast of 13 polled investment analysts covering the stock advises investors to Buy stake in the company. WESPAC Advisors SoCal LLC raised its stake in Oracle Corp.by 20.8% in the second quarter. TIAA CREF Investment Management LLC boosted its stake in Oracle Corp.by 8.4% in the first quarter. Oracle’s cloud revenues have grown at around 34% CAGR from around $1 billion in 2012 to around $ 2.4 billion in 2015. We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into an earnings announcement, especially when the company is seeing negative estimate revisions.
Analysts project total cloud revenue of $971.4 million, according to FactSet, with infrastructure-as-a-service sales at $169.7 million and combined software, services and platform cloud sales of $801.7 million.
Inc. Chief Executive Officer Marc Benioff called rival Oracle Corp.’s planned purchase of NetSuite Inc. a “desperation move” to bolster sales of cloud-based tools – even as acquisition activity heats up across the software industry. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
Cigna Corp. (NYSE:CI) kicked off a new advertising campaign using an ensemble of familiar TV doctors to promote annual check-ups as a way to improve an individual’s health and encourage a dialogue with his or her health care provider.
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