FBR Capital Maintains an 'Outperform' on Oracle (ORCL); Solid Quarter, Software Business Gaining Strength, Exadata Momentum Building
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Price: $146.65 -2.57%
Rating Summary:
48 Buy, 21 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
48 Buy, 21 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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FBR Capital maintains an 'Outperform' on Oracle (NASDAQ: ORCL), raises PT from $38 to $40.
FBR analyst says, "Last night, Oracle reported a solid quarter with upside to revenues, software licenses, margins, and EPS. In the quarter, Oracle’s software business was strong as software license growth accelerated impressively to 29% YOY. Software license upside was fueled by both database and middleware (DBMW) and applications. Oracle also continues to exceed operating margin expectations due to disciplined cost management and as it realizes cost synergies at Sun."
"We are raising our F4Q11 (May) revenue and pro forma EPS estimates from $10.54 billion and $0.66 to $10.82 billion and $0.72. We are raising our FY12 revenue and pro forma EPS estimates from $38.0 billion and $2.26 to $38.8 billion and $2.38."
For more ratings news on Oracle click here and for the rating history of Oracle click here.
Shares of Oracle closed at $32.14 yesterday.
FBR analyst says, "Last night, Oracle reported a solid quarter with upside to revenues, software licenses, margins, and EPS. In the quarter, Oracle’s software business was strong as software license growth accelerated impressively to 29% YOY. Software license upside was fueled by both database and middleware (DBMW) and applications. Oracle also continues to exceed operating margin expectations due to disciplined cost management and as it realizes cost synergies at Sun."
"We are raising our F4Q11 (May) revenue and pro forma EPS estimates from $10.54 billion and $0.66 to $10.82 billion and $0.72. We are raising our FY12 revenue and pro forma EPS estimates from $38.0 billion and $2.26 to $38.8 billion and $2.38."
For more ratings news on Oracle click here and for the rating history of Oracle click here.
Shares of Oracle closed at $32.14 yesterday.
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