Stock Update (NYSE:ORCL): Will Oracle (ORCL) Stock Be Helped by Integration Services Expansion?

Oracle Corporation (NYSE:ORCL) [at TheStreet] – Oracle (ORCL) today announced two new cloud services, additions to Oracle Cloud Platform for Integration, a suite of integration services.
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Oracle Corporation (ORCL), valued at $151.14B, opened at $35.72.
 
Shares have traded today between $35.40 and $36.14 per share with a trailing 52-week range being $35.14 to $46.71.
 
ORCL shares are currently priced at 13.71x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.57x earnings multiple.
 
And for passive income investors, the company pays shareholders $0.60 per share annually in dividends, yielding 1.66%.
 
In a review of the consensus earnings estimate this quarter, 32 sell-side analysts are looking at $0.61 per share, which would be $0.08 worse than the year-ago quarter and a $0.05 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.63, which would be a $0.14 worse when compared to the last year’s annual results.
 
The quarterly earnings estimate is predicated on a consensus revenue forecast of $9.14 Billion. If reported, that would be a 4.89% decrease over the year-ago quarter.
 
Recently, Jefferies upgraded ORCL from Hold to Buy (Jul 30, 2015). Previously, Wunderlich Initiated ORCL at to Hold.
 
When considering if perhaps the stock is under or overvalued, the average price target is $44.79, which is 25.39% above where the stock opened this morning.
 
Summary (NYSE:ORCL):  Oracle Corporation develops, manufactures, markets, sells, hosts, and supports database and middleware software, application software, cloud infrastructure, hardware systems, and related services worldwide. The company licenses its Oracle Database software to customers, which is designed to enable reliable and secure storage, retrieval, and manipulation of various forms of data; and Oracle Fusion Middleware software to build, deploy, secure, access, and integrate business applications, as well as automate their business processes. It offers a range of software for mobile computing to address the development needs of businesses; and Java, a software development language. Its hardware systems products comprise Oracle Engineered Systems, servers, storage, networking, industry specific hardware, virtualization software, operating systems, management software, and related hardware services. The company also provides a range of services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service. In addition, it provides 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, 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.
 


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Tom Hames

JG Staff

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