Company Update: Oracle Corporation (NYSE:ORCL) – Oracle acquires Compendium

Oracle Corporation (NYSE:ORCL)

[] – Oracle announced that it has acquired Compendium, a cloud-based content marketing provider that helps companies plan, produce and deliver engaging content across multiple channels throughout their customers’ …
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Oracle Corporation (ORCL), valued at $150.40B, started trading this morning at $32.62.

Looking at today’s market, ORCL one day range is $32.51 to $33.05 with its 52-week range being $29.52 to $36.43.

ORCL shares are currently priced at 11.29x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -11.79x forward p/e ratio.

The company pays shareholders $0.48 per share in dividend income per year, for a current yield of 1.50%.

Consensus earnings for the current quarter by the 34 sell-side analysts covering the stock is an estimate of $0.67 per share, which would be $0.03 better than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $2.90, which would be a $0.22 better than last year.

The quarterly earnings estimate is predicated on a consensus revenue forecast of $9.18 Billion. If reported, that would be a 0.77% increase over the year-ago quarter.

In terms of ratings, BMO Capital Markets upgraded ORCL from Market Perform to Outperform (Feb 1, 2013).
Previously, RBC Capital Mkts upgraded ORCL from Sector Perform to Outperform.

When considering if the stock is under or overvalued, the average price target is $36.18, which is 10.91% above where the stock opened this morning.

Oracle Corporation (NYSE:ORCL), develops, manufactures, markets, hosts and supports database and middleware software, applications software and hardware systems. It licenses database and middleware software, including database and database management, application server and cloud application, service-oriented architecture and much more.

Tag Helper ~ Stock Code: ORCL | Common Company name: Oracle | Full Company name: Oracle Corporation (NYSE:ORCL) .

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