Barclays Maintains an 'Overweight' on Oracle (ORCL); Expecting In-line Q4 as Risks Are Balanced

June 11, 2012 2:34 PM EDT
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Barclays maintains an 'Overweight' on Oracle (NASDAQ: ORCL) price target of $37.00.

Analyst, Raimo Lenschow, said, "In our view, numbers are likely to be in line. On the one hand, Q4 consensus is well below normal seasonality, while Q1 FY13 consensus appears to be seasonally normal. However, there are good reasons to be cautious. 1) Q4 and Q1 comparables are relatively tough; 2) macroeconomic data have been uninspiring; 3) recent USD strength presents a FX headwind; and 4) sentiment at the end of May was particularly negative."

Barclays slightly lowers FY12 EPS estimate from $2.42 to $2.40 and FY13 from $2.69 to $2.67.

For an analyst ratings summary and ratings history on Oracle click here. For more ratings news on Oracle click here.

Shares of Oracle closed at $27.16 yesterday.

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