Canaccord Genuity Reiterates a 'Buy' on Oracle (ORCL); Solid May Quarter Likely, but We'd Bet on Conservative H1 Guidance
Tweet
Share
E-mailGet Alerts ORCL Hot Sheet
Price: $150.52 -3.65%
Rating Summary:
48 Buy, 21 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
48 Buy, 21 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Canaccord Genuity reiterates a 'Buy' on Oracle (NASDAQ: ORCL), PT $37.
Canaccord analyst, Richard Davis, said, "It won’t surprise us if Oracle posts another high-end-of-the-range quarter. A widely cast mosaic hints at another operating income upside for hardware, solid results for Fusion (compared to modest expectations), but an in-line database number. We expect commentary about competitive wins versus SAP (NYSE: SAP)...Oracle isn’t as cheap as firms that have a long way to catch up, but if we’ve learned anything over the past couple of decades, it is that turnaround/catch ups always take longer than you ever expect. We’ll stick with the apparent winner for now, and to us in the large cap world that is Oracle."
For more ratings news on Oracle click here and for the rating history of Oracle click here.
Shares of Oracle closed at $32.65 yesterday.
Canaccord analyst, Richard Davis, said, "It won’t surprise us if Oracle posts another high-end-of-the-range quarter. A widely cast mosaic hints at another operating income upside for hardware, solid results for Fusion (compared to modest expectations), but an in-line database number. We expect commentary about competitive wins versus SAP (NYSE: SAP)...Oracle isn’t as cheap as firms that have a long way to catch up, but if we’ve learned anything over the past couple of decades, it is that turnaround/catch ups always take longer than you ever expect. We’ll stick with the apparent winner for now, and to us in the large cap world that is Oracle."
For more ratings news on Oracle click here and for the rating history of Oracle click here.
Shares of Oracle closed at $32.65 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Freedom Broker Upgrades Serve Robotics (SERV) to Buy
- Cantor Fitzgerald Reiterates Overweight Rating on Merlin Labs (MRLN)
Create E-mail Alert Related Categories
Analyst CommentsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
