[at TheStreet] – Oracle (ORCL) had coverage initiated at DA Davidson with a ‘neutral’ rating and a $46 price target.
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Oracle Corporation (ORCL), valued at $184.74B, opened at $41.75.
A quick look at the market, the company’s stock traded between $41.47 and $41.80 with its 52-week range being $31.56 to $43.19.
Oracle (ORCL) shares are currently priced at 13.24x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 0.94x earnings multiple for the same period.
And for passive income investors, the company pays shareholders $0.48 per share annually in dividends, yielding 1.20%.
According to a consensus of 32 analysts, the earnings estimate of $0.64 per share would be $0.05 better than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $3.16, which would be a $0.29 improvement when compared to the last year’s annual results.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $8.77 Billion. If realized, that would be a 4.65% increase over the year-ago quarter.
In terms of ratings, 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 $44.64, which is 6.92% above than it opened this morning.
Summary (NYSE:ORCL) : Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, application software, cloud infrastructure, hardware systems, and related services worldwide. It provides software and hardware systems, and related services to manage their cloud-based or on-premise IT environments, as well as to deploy cloud software-as-a-service, platform-as-a-service, and infrastructure-as-a-service. The company offers software for mobile computing; database and middleware software that runs and manages business applications for midsize businesses and large enterprises; and Java, a software development language. It also provides applications software, such as 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; and virtual machine instance, hardware and related support, and software and hardware management and maintenance services. In addition, the company offers customers with rights to software product upgrades and maintenance releases; patches released; and Internet access to technical content, as well as Internet and telephone access to technical support personnel. Further, it provides servers, storage, networking, virtualization software, operating systems, and management software to support various IT environments; and hardware systems support solutions, such as software updates for the software components. Additionally, the company offers consulting services, such as IT strategy alignment, enterprise architecture planning and design, initial product implementation and integration, and ongoing product enhancement and upgrade; customer support 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) .