Jefferies Reiterates Hold Following Oracle (ORCL) F4Q Miss
Jefferies maintains a Hold rating and $41.00 price target on Oracle (NYSE: ORCL) following F4Q results. Reported Non-GAAP EPS of $0.78 was below consensus of $0.87. ORCL reported revenues of $10.706B, compared to $10.972B consensus.
Analyst John DiFucci commented, "ORCL reported F4Q results that were light of estimates and guidance, even if consensus numbers were a bit high relative to cc guidance. License was the only revenue line item that was meaningfully below estimates, though management attributed this to the strength in Cloud bookings, which are recognized as revenue over time, versus the upfront recognition of license. EPS was also below estimates."
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Shares of Oracle closed at $44.91 yesterday.