FBR Capital Maintains an 'Outperform' on Oracle (ORCL); Good Quarter (Could Have Been Better), Solid Outlook
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Price: $115.16 +0.06%
Rating Summary:
36 Buy, 28 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 14
Rating Summary:
36 Buy, 28 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 14
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FBR Capital maintains an 'Outperform' on Oracle (NASDAQ: ORCL), PT $40.
FBR analyst says, "Last night Oracle reported a good quarter, marked by upside to revenue, margins, and EPS. There was some softness in the hardware business, which was more than offset by the strength in software. This resulted in modest total revenue upside, but not as much as investors have become accustomed to in the company’sseasonally strong fiscal fourth quarter. This may weigh on the stock today. However, we believe the more strategic and profitable pieces of the hardware business, such as Exadata and Exalogic, are gaining momentum and doing well, while the less strategic and unprofitable hardware pieces are being phased out, causing a nearterm drag to overall hardware revenues."
"We are raising our F1Q12 (August) revenue and pro forma EPS estimates from $8.32 billion and $0.45 to $8.43 billion and $0.46. We are raising our FY12 revenue and pro forma EPS estimates from $38.8 billion and $2.38 to $39.1 billion and $2.40."
For more ratings news on Oracle click here and for the rating history of Oracle click here.
Shares of Oracle closed at $32.46 yesterday.
FBR analyst says, "Last night Oracle reported a good quarter, marked by upside to revenue, margins, and EPS. There was some softness in the hardware business, which was more than offset by the strength in software. This resulted in modest total revenue upside, but not as much as investors have become accustomed to in the company’sseasonally strong fiscal fourth quarter. This may weigh on the stock today. However, we believe the more strategic and profitable pieces of the hardware business, such as Exadata and Exalogic, are gaining momentum and doing well, while the less strategic and unprofitable hardware pieces are being phased out, causing a nearterm drag to overall hardware revenues."
"We are raising our F1Q12 (August) revenue and pro forma EPS estimates from $8.32 billion and $0.45 to $8.43 billion and $0.46. We are raising our FY12 revenue and pro forma EPS estimates from $38.8 billion and $2.38 to $39.1 billion and $2.40."
For more ratings news on Oracle click here and for the rating history of Oracle click here.
Shares of Oracle closed at $32.46 yesterday.
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