Oracle (ORCL) Guides Q3 EPS Inline with Views
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December 17, 2015 8:58 AM EST
Drexel Hamilton reiterated a Buy rating and $46.00 price target on Oracle (NYSE: ORCL) following the company's 2Q16 earnings report. Oracle reported non-GAAP sales of $9.0 billion, compared to the Street's $9.06 billion estimates. EPS of $0.63 exceeded consensus of $0.60, due in part to a lower tax... More
December 17, 2015 8:50 AM EST
FBR Capital maintained a Market Perform rating on Oracle (NYSE: ORCL), and cut the price target to $41.00 (from $44.00), following the company's in-line 2Q report. Total revenue of $9.0B came in essentially in line with consensus of $9.06B and FBR's estimate of $9.09B and was down 6% YOY. Pro forma EPS of $0.63 were above the consensus of $0.60 on an apples-to-apples basis, above the companys guidance range of $0.63 $0.66 on a constant... More
December 17, 2015 7:39 AM EST
Jefferies analyst Brent Thill reiterated a Buy rating but trimmed his price target on Oracle (NYSE: ORCL) to $45.00 (from $46.00) following mixed Q2 results.
Thill commented, "Mixed F2Q results were characterized by a $60M total miss relative to consensus with hardware the main culprit ($87M downside to Street), though higher-margin rev areas, namely new... More
December 16, 2015 4:29 PM EST
Oracle (NYSE: ORCL) reported Q2 EPS of $0.63, $0.03 better than the analyst estimate of $0.60. Revenue for the quarter came in at $9 billion versus the consensus estimate of $9.07 billion.
Revenue Highlights:
Total Cloud Revenues were $649 million, up 26% in U.S. dollars and up 31% in constant currency.Cloud software as a service (SaaS) and platform as a service (PaaS) revenues were $484 million, up 34% in U.S. dollars and up 39% in constant currency.Cloud infrastructure as a service...
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