Oracle (ORCL) Offers Q4 Guidance
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BofA/Merrill Lynch Downgrades Oracle (ORCL) to Neutral Citing Lack of NT Catalysts
March 20, 2018 6:10 AM EDTBofA/Merrill Lynch downgraded Oracle (NYSE: ORCL) from Buy to Neutral with a price target of $57.00 (from $62.00).
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 $51.95 yesterday.
... MoreOracle (ORCL) Tops Q3 EPS by 11c
March 19, 2018 4:03 PM EDTOracle (NYSE: ORCL) reported Q3 EPS of $0.83, $0.11 better than the analyst estimate of $0.72. Revenue for the quarter came in at $9.8 billion versus the consensus estimate of $9.78 billion.
Cloud and On-Premise Software Revenues were up 8% to $8.0 billion. Cloud Software as a Service (SaaS) revenues were up 33% to $1.2 billion. Cloud Platform as a Service (PaaS) plus Infrastructure as a Service (IaaS) revenues were up 28% to $415 million. Total Cloud Revenues were up 32% to $1.6... More