Jefferies See Oracle (ORCL) Q2 In-Line, With Health in Engineered Systems
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Price: $116.00 -2.25%
Rating Summary:
36 Buy, 28 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Rating Summary:
36 Buy, 28 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
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Oracle (Nasdaq: ORCL) will report Q2 earnings on Tuesday, December 18th, after the market close. Wall Street estimates call EPS of $0.61 on for revenue of $9.03 billion. Analysts at Jefferies think Oracle is likely to report in line, though they are projecting revenue that is below the Street at $8.95 billion.
"Overall our field work was encouraging on the main products within engineered systems, OK for core technologies, and we think Fusion Apps remain a slow burn," said analyst Ross MacMillan.
Bigger picture, MacMillian thinks the company will continue to face growth headwinds to its business, but he said valuation was "incrementally attractive".
Jefferies maintained a Hold rating on Oracle (NASDAQ: ORCL) and raised its price target to $34.00 (from $32.00).
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 $31.96 yesterday.
"Overall our field work was encouraging on the main products within engineered systems, OK for core technologies, and we think Fusion Apps remain a slow burn," said analyst Ross MacMillan.
Bigger picture, MacMillian thinks the company will continue to face growth headwinds to its business, but he said valuation was "incrementally attractive".
Jefferies maintained a Hold rating on Oracle (NASDAQ: ORCL) and raised its price target to $34.00 (from $32.00).
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 $31.96 yesterday.
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