Oracle (ORCL): Growth Inflection Pushed Out Until F18 - Cowen

September 16, 2016 6:49 AM EDT
Get Alerts ORCL Hot Sheet
Price: $38.97 --0%

Rating Summary:
    32 Buy, 19 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 14 | New: 15
Trade ORCL Now!
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

Cowen analyst, Derrick Wood, reiterated his Outperform rating on shares of Oracle (NYSE: ORCL) but recognized that there are several new factors pressuring EPS. Software growth was solid and came in at the high-end of guidance & GM expansion elements are well intact; but the combination of weakening hardware and transitory factors below the operating line (higher tax rates, new debt burden w/o N closure) are spoiling the EPS growth recovery.

Confidence in cloud traction remains high & EPS growth is expected to continue in FY17, but an inflection is not likely to happen till FY18. No change to the price target of $46 which represents a ~16x P/E multiple.

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 $40.86 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Earnings

Related Entities

Cowen & Co

Add Your Comment