Jefferies Slightly Adjusts PT and Estimates on Oracle (ORCL); In-line Good Enough Given Sentiment

Article Stock Quotes (1) Comments (0)

Jefferies maintains a 'Hold' on Oracle (NASDAQ: ORCL) price target of $32.00 (from $31.00).

Analyst, Ross MacMillan, said, "ORCL reported in-line F4Q12 revs and slightly better NG EPS (due to lower tax/FDS). F1Q13 guide was below consensus on NG revenue, but in-line on NG EPS; that is likely good enough given sentiment."

MacMillan raised FY12 EPS estimate from $2.43 to $2.46, FY13 from $2.60 to $2.62 and FY14 from $2.82 to $2.86.

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.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Jefferies Bumps Zumiez (ZUMZ) Numbers Up, But Remains on Sidelines
• Needham & Company Lifts Numbers on Marvell (MRVL) on Solid Results
• UPDATE: MKM Partners Downgrades Alkermes (ALKS) to Sell

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Jefferies & Co

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?