Canaccord Genuity Reiterates a 'Buy' on Oracle (ORCL); Green Lights Across The Board
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Price: $116.00 -2.25%
Rating Summary:
36 Buy, 28 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Rating Summary:
36 Buy, 28 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
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Canaccord Genuity reiterates a 'Buy' on Oracle (NASDAQ: ORCL), raises PT by $1 to $37.
Canaccord analyst says, "Oracle posted an upside as software revenues beat and hardware margins surged. Management’s guidance reflected our assertion that the firm’s sales momentum is improving. We believe Oracle is one of the most attractive large cap tech growth stocks in our purview. We would be buyers of the shares today."
"When you combine a very strong bookings quarter from Red Hat (NYSE: RHT) with Oracle’s results, the odds favor solid results from other systems management firms. We have followed many of the following companies in the past, but we don’t write on all today. With that caveat, it seems likely that Oracle’s results could imply solid forthcoming results from Informatica (Nasdaq: INFA), Progress Software (Nasdaq: PRGS), Tibco (Nasdaq: TIBX) and probably Compuware (Nasdaq: CPWR)."
"We have increased our F2011 revenue and non-GAAP EPS estimates to $35.77B and $2.18 (up roughly $350M and $0.11 from prior estimates.)."
For more ratings news on Oracle click here and for the rating history of Oracle click here.
Shares of Oracle closed at $32.14 yesterday.
Canaccord analyst says, "Oracle posted an upside as software revenues beat and hardware margins surged. Management’s guidance reflected our assertion that the firm’s sales momentum is improving. We believe Oracle is one of the most attractive large cap tech growth stocks in our purview. We would be buyers of the shares today."
"When you combine a very strong bookings quarter from Red Hat (NYSE: RHT) with Oracle’s results, the odds favor solid results from other systems management firms. We have followed many of the following companies in the past, but we don’t write on all today. With that caveat, it seems likely that Oracle’s results could imply solid forthcoming results from Informatica (Nasdaq: INFA), Progress Software (Nasdaq: PRGS), Tibco (Nasdaq: TIBX) and probably Compuware (Nasdaq: CPWR)."
"We have increased our F2011 revenue and non-GAAP EPS estimates to $35.77B and $2.18 (up roughly $350M and $0.11 from prior estimates.)."
For more ratings news on Oracle click here and for the rating history of Oracle click here.
Shares of Oracle closed at $32.14 yesterday.
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