Canaccord Genuity reiterates a 'Buy' on Oracle (ORCL); Solid Print Caps Off an Excellent Year, Outlook Bodes Well
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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
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Canaccord Genuity reiterates a 'Buy' on Oracle (NASDAQ: ORCL), raises PT to $38.
Canaccord analyst, Richard Davis, said, "Q1/12 outlook better than feared; estimates inch modestly higher. A Q1 (ending August) expectation for currency-boosted revenue growth of 9-12% was modestly ahead of consensus. The firm expects mid-teens software license growth versus a tough y-o-y comparison, and management issued a non-GAAP EPS range that brackets consensus. We have inched our F2012 revenue and non-GAAP EPS estimates higher by $350 million and $0.02 to $39.35B and $2.37, which represents 10% y-o-y revenue growth and 120 bps non-GAAP operating margin improvement."
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.
Canaccord analyst, Richard Davis, said, "Q1/12 outlook better than feared; estimates inch modestly higher. A Q1 (ending August) expectation for currency-boosted revenue growth of 9-12% was modestly ahead of consensus. The firm expects mid-teens software license growth versus a tough y-o-y comparison, and management issued a non-GAAP EPS range that brackets consensus. We have inched our F2012 revenue and non-GAAP EPS estimates higher by $350 million and $0.02 to $39.35B and $2.37, which represents 10% y-o-y revenue growth and 120 bps non-GAAP operating margin improvement."
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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