Oracle (ORCL) Sales to Regain Momentum - Analyst
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Price: $125.84 -0.95%
Rating Summary:
48 Buy, 21 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 14 | New: 29
Rating Summary:
48 Buy, 21 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 14 | New: 29
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Analyst at MKM Partners today reiterated at Buy rating on Oracle Corporation (Nasdaq: ORCL) and raise their price target to on the stock to $36 (from $34).
Analysts said they expect 2013 new software and hardware sales to regain momentum on product cycle contributions and easier comps. They also think margin expansion and buybacks should support further positive earnings revisions.
We look for $0.01-$0.02 EPS upside, and inline revenue, said analyst Israel Hernandz, who is forecasting 1QFY13 total revenue of $8.39 billion and non-GAAP EPS of $0.53 (consensus: $8.43 billion/$0.53).
Software license sales and hardware systems product revenue should be key drivers for the stock.
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 $32.95 yesterday.
Analysts said they expect 2013 new software and hardware sales to regain momentum on product cycle contributions and easier comps. They also think margin expansion and buybacks should support further positive earnings revisions.
We look for $0.01-$0.02 EPS upside, and inline revenue, said analyst Israel Hernandz, who is forecasting 1QFY13 total revenue of $8.39 billion and non-GAAP EPS of $0.53 (consensus: $8.43 billion/$0.53).
Software license sales and hardware systems product revenue should be key drivers for the stock.
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 $32.95 yesterday.
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