Oracle revenue forecast disappoints as license sales continue falling
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September 17, 2015 9:58 AM EDT
Nomura Securities reiterated a Buy rating on Oracle (NYSE: ORCL), and cut the price target to $44.00 (from $49.00), following the company's 1Q16 earnings results. ORCL reported $8.45bn in revenue, compared to $8.53bn consensus. Non-GAAP EPS of $0.53 was slightly above the Street estimate of $0.52.
Analyst... More
September 17, 2015 8:30 AM EDT
Piper Jaffray reiterated an Overweight rating and $46.00 price target on Oracle (NYSE: ORCL) following the company's 1Q16 earnings results. Results were relatively in-line, with EPS seeing $0.01 of upside relative to consensus.
Analyst Katherine Egbert commented, "While not spectacular, Q1 was... More
September 16, 2015 5:17 PM EDT
(Updated - September 16, 2015 5:24 PM EDT)
Oracle (NYSE: ORCL) sees Q2 EPS of $0.63-$0.66 vs the consensus of $0.65. Q2 revenue is seen down 2%-1%.
Oracle sees FY adjusted SAAS, PAAS revenue up 50%.
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