UBS Maintains a 'Buy' on Oracle (ORCL); Is The Execution machine Back?
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
UBS maintains a 'Buy' on Oracle (NASDAQ: ORCL) price target raised from $34 to $36.
UBS analyst said, "After the FQ2 miss, ORCL came back more focused in FQ3 and delivered upside to our estimates for total revenue, license, operating margin, & EPS. While FQ4 revenue guidance is a bit disappointing, we think ORCL is being conservative as FQ2 miss is still fresh in recent memory, FQ4 faces a 3% FX headwind, yr ago comps are tough (license up 19% in F4Q11), and hardware continues to struggle to hit forecast. In contrast, opex control has been excellent, and FY12 EPS growth could hit double digits."
UBS raises FY12 EPS estimate from $2.35 to $2.42 and FY13 from $2.55 to $2.58. UBS lowers FY12 revenues from $37.5 bln to $37.2 bln.
For an analyst ratings summary and ratings history on Oracle click here. For more ratings news on Oracle click here.
Shares of Oracle closed at $30.10 yesterday.
UBS analyst said, "After the FQ2 miss, ORCL came back more focused in FQ3 and delivered upside to our estimates for total revenue, license, operating margin, & EPS. While FQ4 revenue guidance is a bit disappointing, we think ORCL is being conservative as FQ2 miss is still fresh in recent memory, FQ4 faces a 3% FX headwind, yr ago comps are tough (license up 19% in F4Q11), and hardware continues to struggle to hit forecast. In contrast, opex control has been excellent, and FY12 EPS growth could hit double digits."
UBS raises FY12 EPS estimate from $2.35 to $2.42 and FY13 from $2.55 to $2.58. UBS lowers FY12 revenues from $37.5 bln to $37.2 bln.
For an analyst ratings summary and ratings history on Oracle click here. For more ratings news on Oracle click here.
Shares of Oracle closed at $30.10 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
- Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
- Honasa Consumer Ltd (HONASA:IN) PT Raised to INR720 at ICICI Securities
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBSSign 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!
