Jefferies Slightly Adjusts PT and Estimates on Oracle (ORCL); In-line Good Enough Given Sentiment
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Price: $34.12 -2.79%
Rating Summary:
18 Buy, 10 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
18 Buy, 10 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade ORCL Now!
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.
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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.
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