Oracle (ORCL) Guides Q3 EPS Below Views
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December 18, 2017 8:18 AM EST
Wedbush lowered its price target on Oracle (NYSE: ORCL) to $55.00 (from $58.00) while maintaining a Outperform rating following the company's 2Q earnings report. Cloud revenue grew 39% Y/Y in constant currency, at the low end of guidance, as PaaS/IaaS revenue decelerated for a second consecutive quarter. More... More
December 15, 2017 4:39 AM EST
Morgan Stanley raised its price target on Oracle (NYSE: ORCL) to $50.00 (from $47.00) while maintaining a Equalweight rating.
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December 15, 2017 4:37 AM EST
BMO Capital lowered its price target on Oracle (NYSE: ORCL) to $55.00 (from $57.00) while maintaining a Outperform rating.
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December 15, 2017 4:12 AM EST
RBC Capital downgraded Oracle (NYSE: ORCL) from Outperform to Sector Perform with a price target of $51.00 (from $53.00).
Analyst Ross MacMillan fails to recognize an argument to favor a multiple expansion noting competitive threats to the technology and database business remain intense.... More
December 14, 2017 4:00 PM EST
Oracle (NYSE: ORCL) reported Q2 EPS of $0.70, $0.02 better than the analyst estimate of $0.68. Revenue for the quarter came in at $9.63 billion versus the consensus estimate of $9.57 billion.
"Overall cloud revenue growth of 44% drove our quarterly revenue and earnings higher," said Oracle CEO, Safra Catz. "With non-GAAP Cloud SaaS Applications growth of 49% leading the way, Oracle delivered 14% non-GAAP earnings per share growth... More
