[at TheStreet] – Oracle’s massive acquisition of Micros for $5.3 billion can revive Oracles’s growth in software and hardware. Moreover, the company could deploy its massive cash reserves for more acquisitions.
Read more on this.
Oracle Corporation (ORCL), currently valued at $182.40B, started trading this morning at $40.99.
Looking at the stock, its one day range is $40.66 to $41.39 and has traded between $29.86 and $43.19 over the past year.
Priced at 12.97x this year’s forecasted earnings, ORCL shares are relatively expensive compared to the industry’s 2.97x forward p/e ratio.
The company pays shareholders $0.48 per share annually in dividends, yielding 1.20%.
Consensus earnings for the current quarter by the 34 sell-side analysts covering the stock is an estimate of $0.64 per share, which would be $0.05 better than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $3.17 would be a $0.30 improvement when compared to the previous year’s annual results.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $8.79 Billion. If realized, that would be a 4.89% increase over the year-ago quarter.
More recently, Maxim Group Initiated ORCL at Buy (Jun 4, 2014). Previously, Argus downgraded ORCL from Buy to Hold.
Given all the information above, we should disclose to readers that the average price target is $43.81, which is 6.88% above than it 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) .