Barclays Says Oracle's (ORCL) Q2 Should Be More Interesting: To Sell Or Not To Sell, That Is The Question

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Barclays call Oracle's (NASDAQ: ORCL) pre-announcement positive, highlighted by Software licenses and Hardware product revenues. Oracle's guidance for Q1 was in line to slightly better than, which will probably ease macro economic concerns. In afternoon trading, shares of Oracle are up 3.76% to $28.14

Analyst, Raimo Lenschow, taking the news with a 'grain of salt', said, "We prefer to maintain our focus on the 2QFY13 results as being more potentially interesting, as that should be the quarter when easier y/y comps coincide with higher sales force (Oracle has grown sales headcount fairly aggressively in past few qtrs) productivity and further evidence of a turnaround in the Hardware business."

Barclays raises FY13 EPS estimate from $2.67 to $2.74 and starts FY14 at $3.10. The firm maintains an 'Overweight' rating and $37 price target.

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 $27.12 yesterday, with a 52 week range of $24.72-$34.13.

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