Oracle Corporation (NYSE:ORCL) – STXNEWS LATAM-Gol swaps Oracle for SAP in cost-cutting push

Oracle Corporation (NYSE:ORCL) [Reuters] – Brazilian airline Gol Linhas Aereas has begun changing over its business software to provider SAP this week, as its intense cost-cutting campaign reaches an information technology budget consuming 1.3 …
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Oracle Corporation (ORCL), valued at $158.60B, opened at $34.99.
During the trading session, ORCL traded between $34.63 to $34.99 with its 52-week range being $29.78 to $36.43.
Priced at 11.86x this year’s forecasted earnings, ORCL shares are relatively expensive compared to the industry’s -21.67x forward p/e ratio.
The company pays shareholders $0.48 per share annually in dividends, yielding 1.40%.
According to a consensus of 34 analysts, the earnings estimate of $0.67 per share 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 improvement than last year’s full-year earnings.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $9.18 Billion. If realized, that would be a 0.77% increase over the year-ago quarter.
In terms of ratings, Standpoint Research Initiated ORCL at Buy (Jun 24, 2013). Previously, BMO Capital Markets upgraded ORCL from Market Perform to Outperform.
Investors should keep in mind is that the average price target is $36.31, which is 3.77% 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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