Company Update (NYSE:ORCL): Oracle asking court to reinstate $1.3B SAP verdict

Oracle Corporation (NYSE:ORCL) [AP] – Business software maker Oracle Corp. on Tuesday will ask a federal appeals court to reinstate a $1.3 billion jury verdict against its biggest rival, SAP for copyright infringement. A trial judge in 2011 …
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Oracle Corporation (ORCL), currently valued at $185.98B, began trading this morning at $42.02.
Looking at the equity, the company’s one day range is $41.68 to $42.09 and has traded between $29.86 and $42.14 over the past 12 months.
ORCL shares are currently priced at 14.10x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -5.76x forward p/e ratio.
And for those looking to make a return holding the stock, the company pays shareholders $0.48 per share annually in dividends, yielding 1.20%.
According to a consensus of 35 analysts, the earnings estimate of $0.95 per share would be $0.08 better than the year-ago quarter and a $0.01 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.91 would be a $0.23 improvement when compared to the previous year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $11.48 Billion. If reported, that would be a 4.84% increase over the year-ago quarter.
More recently, Argus downgraded ORCL from Buy to Hold (Mar 20, 2014). Previously, Deutsche Bank upgraded ORCL from Hold to Buy.
When considering if the stock is under or overvalued, the average price target is $41.92, which is 0.24% below where the stock opened this morning.
Summary (NYSE:ORCL) :  Oracle Corporation 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 business process management, business intelligence, identity and access management, data integration, Web experience management, portals, and content management and social network software, as well as development tools and Java, a software development platform; and applications software comprising human capital and talent management, customer experience and customer relationship management, financial management and governance, risk and compliance, procurement, project portfolio management, supply chain management, business analytics and enterprise performance management, and industry-specific applications software. The company also provides customers with rights to unspecified software product upgrades and maintenance releases; patches released; Internet access to technical content; and Internet and telephone access to technical support personnel. In addition, it offers servers; storage, networking, and virtualization software; operating systems, including the Oracle Solaris Operating System; management software to IT environments, such as public and private cloud computing environments; Oracle engineered systems; and hardware systems support solutions, including software updates for the software components, as well as product repair, maintenance, and technical support services. Further, the company provides consulting services in business and IT strategy alignment, enterprise architecture planning and design, initial product implementation and integration, and ongoing product enhancement and upgrade services; Oracle managed cloud services; and education services. Oracle Corporation was founded in 1977 and is headquartered in Redwood City, California.
Tag Helper ~ Stock Code: ORCL | Common Company name: Oracle | Full Company name: Oracle Corporation (NYSE:ORCL) .

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