Macquarie Maintains an 'Outperform' on Oracle (ORCL); F3Q Results Reinforce Top Pick for 2011
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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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Macquarie maintains an 'Outperform' on Oracle (NASDAQ: ORCL), raises PT by $1 to $38.
Macquarie analyst says, "Oracle reported impressive F3Q results last night, beating expectations on most metrics, with particularly strong software license revenue growth. Guidance for F4Q exceeded consensus expectations and much of the overall strength was attributed to company-specific factors including engineered systems."
"Our F4Q revenue increases to US$10.76bn from US$10.75bn and non-GAAP EPS goes to US$0.71 from US$0.70. Our FY12 revenue and non-GAAP EPS estimates increase to US$38.8bn and US$2.41 from US$38.7bn and US$2.40, respectively."
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.
Macquarie analyst says, "Oracle reported impressive F3Q results last night, beating expectations on most metrics, with particularly strong software license revenue growth. Guidance for F4Q exceeded consensus expectations and much of the overall strength was attributed to company-specific factors including engineered systems."
"Our F4Q revenue increases to US$10.76bn from US$10.75bn and non-GAAP EPS goes to US$0.71 from US$0.70. Our FY12 revenue and non-GAAP EPS estimates increase to US$38.8bn and US$2.41 from US$38.7bn and US$2.40, respectively."
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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