Oppenheimer on Oracle (ORCL); Infrastructure Products Viewed as 'Mission-Critical' and Less Sensitive to Negative IT Spending Trends
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Price: $34.12 --0%
Rating Summary:
18 Buy, 10 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 15 | Down: 15 | New: 29
Rating Summary:
18 Buy, 10 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 15 | Down: 15 | New: 29
Trade ORCL Now!
Oppenheimer reiterates an 'Outperform' on Oracle (NASDAQ: ORCL) price target of $33.00.
Analyst, Brian Schwartz, said, "Reiterate our rating on ORCL shares following a recent database technologies due-diligence session at Oracle's headquarters. While no new material information was discussed, the meeting solidified our view that Oracle's database business is likely to experience above-average industry growth over the next few years owing to its leading IT supplier positioning in two mega-trends (data center consolidation & big data) and potential for a refresh of the product suite...We believe these trends represent meaningful revenue growth drivers and margin expansion opportunities for the overall business."
Opp maintains FY13 EPS at $2.67 and revenues of $39.46B.
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 $29.72 yesterday, with a 52 week range of $24.72-$34.13.
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Analyst, Brian Schwartz, said, "Reiterate our rating on ORCL shares following a recent database technologies due-diligence session at Oracle's headquarters. While no new material information was discussed, the meeting solidified our view that Oracle's database business is likely to experience above-average industry growth over the next few years owing to its leading IT supplier positioning in two mega-trends (data center consolidation & big data) and potential for a refresh of the product suite...We believe these trends represent meaningful revenue growth drivers and margin expansion opportunities for the overall business."
Opp maintains FY13 EPS at $2.67 and revenues of $39.46B.
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 $29.72 yesterday, with a 52 week range of $24.72-$34.13.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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