Nomura Securities Maintains a 'Buy' on Oracle (ORCL); Q4 Review: In-line to Slightly Better Results
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Price: $34.05 -0.53%
Rating Summary:
18 Buy, 10 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
18 Buy, 10 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
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Nomura Securities maintains a 'Buy' on Oracle (NASDAQ: ORCL) price target of $32.00.
Analyst, Rick Sherlund, said, "Oracle reported constant-currency license growth of 11% (about 8% on an organic basis) for fiscal Q4 (May), about 1%-3% ahead of our and Street estimates. EPS of $0.82 beat our and Street expectations of $0.78. The 1Q (Aug) license revenue guide of 0% to +10% (including a 5% FX headwind), is 1% below prior consensus estimates. EPS was guided in line with consensus of $0.53 at the mid-point. F13E/F14E EPS from $2.59/$2.79 to $2.64/$2.88. Oracle shares are selling at 9.9x our calendar 2013 EPS estimate of $2.75 per share, or at 8.3x EV/uFCF."
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.
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Analyst, Rick Sherlund, said, "Oracle reported constant-currency license growth of 11% (about 8% on an organic basis) for fiscal Q4 (May), about 1%-3% ahead of our and Street estimates. EPS of $0.82 beat our and Street expectations of $0.78. The 1Q (Aug) license revenue guide of 0% to +10% (including a 5% FX headwind), is 1% below prior consensus estimates. EPS was guided in line with consensus of $0.53 at the mid-point. F13E/F14E EPS from $2.59/$2.79 to $2.64/$2.88. Oracle shares are selling at 9.9x our calendar 2013 EPS estimate of $2.75 per share, or at 8.3x EV/uFCF."
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.
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