Jefferies Lowers Numbers on Oracle (ORCL) Ahead of Q4 Results

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Jefferies trimmed estimates and its price target on Hold-rated Oracle (NASDAQ: ORCL) from $32 to $31 ahead of Q4 results after the close on Thursday, June 21st.

The firm comments, "Our recent channel work suggests biz trends in F4Q12 were mixed, w/ software ok while hardware was weak. We have adjusted our model to reflect acquisition contribution and have lowered our hardware rev forecast given ongoing biz challenges."

Q4 EPS goes down form $0.80 to $0.79 and FY12 EPS goes down from $2.44 to $2.43. FY13 EPS goes from $2.59 to $2.60.

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

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