FBR Capital Maintains an 'Outperform' on Oracle (ORCL); Expecting a Solid Close to FY11
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Price: $115.09 +0.49%
Rating Summary:
36 Buy, 28 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Rating Summary:
36 Buy, 28 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
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FBR Capital maintains an 'Outperform' on Oracle (NASDAQ: ORCL), PT $40.
FBR analyst says, "We expect Oracle to deliver solid F4Q11 (May) results, with revenue and EPS upside likely, after the market close on June 23 (Thursday). The May quarter is typically Oracle’s seasonally strongest. Our checks tell us that Oracle continued to execute well in the field and had another strong close to the quarter. We believe Oracle’s integrated software stack, combined with its industry-specific application strategy, continues to resonate well with customers. We also believe Exadata is gaining momentum and will help drive growth and potential upside over the coming year. While some have recently felt FY12 expectations may overly optimistic, we believe expectations are properly dialed in."
For more ratings news on Oracle click here and for the rating history of Oracle click here.
Shares of Oracle closed at $31.19 yesterday.
FBR analyst says, "We expect Oracle to deliver solid F4Q11 (May) results, with revenue and EPS upside likely, after the market close on June 23 (Thursday). The May quarter is typically Oracle’s seasonally strongest. Our checks tell us that Oracle continued to execute well in the field and had another strong close to the quarter. We believe Oracle’s integrated software stack, combined with its industry-specific application strategy, continues to resonate well with customers. We also believe Exadata is gaining momentum and will help drive growth and potential upside over the coming year. While some have recently felt FY12 expectations may overly optimistic, we believe expectations are properly dialed in."
For more ratings news on Oracle click here and for the rating history of Oracle click here.
Shares of Oracle closed at $31.19 yesterday.
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