Macquarie Reiterates an 'Outperform' on Oracle (ORCL); Resilience
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Price: $150.52 --0%
Rating Summary:
48 Buy, 21 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
Rating Summary:
48 Buy, 21 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
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Macquarie reiterates an 'Outperform' on Oracle (NASDAQ: ORCL), price target lowered $2 to $36.
Macquarie analyst says, "Our analysis of Oracle's hardware business hinges on management's stated goal of selling 2,000 Exadata units in FY2012. Assuming this goal is achieved (and we recognize the limits of our assumption), we estimate that current Street models imply the remaining hardware business will be down 15% y/y, which we view as appropriately conservative, and partially offsets broader IT spending risks. Further, we see upside to Street hardware gross margins on the improved mix which could result in an incremental $0.02 to EPS."
For more ratings news on Oracle click here and for the rating history of Oracle click here.
Shares of Oracle closed at $26.68 yesterday.
Macquarie analyst says, "Our analysis of Oracle's hardware business hinges on management's stated goal of selling 2,000 Exadata units in FY2012. Assuming this goal is achieved (and we recognize the limits of our assumption), we estimate that current Street models imply the remaining hardware business will be down 15% y/y, which we view as appropriately conservative, and partially offsets broader IT spending risks. Further, we see upside to Street hardware gross margins on the improved mix which could result in an incremental $0.02 to EPS."
For more ratings news on Oracle click here and for the rating history of Oracle click here.
Shares of Oracle closed at $26.68 yesterday.
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