Oracle (ORCL) Slips Following Better Than Expected Q1 EPS, But Miss on Revenues
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September 14, 2021 8:51 AM EDT
Global Equities Research analyst Trip Chowdhry raised the price target on Oracle (NYSE: ORCL) to $125.00 while maintaining an Overweight rating. The analyst highlighted:
1. ORCL beats FY1Q22 Revenues by $100 million on Constant Currency basis
2. ORCL smashes FY1Q22 EPS by $0.08 on... More
September 14, 2021 6:43 AM EDT
Stifel analyst Brad Reback raised the price target on Oracle (NYSE: ORCL) to $77.00 (from $65.00) while maintaining a Hold rating following earnings.
The analyst commented, "On Monday, Oracle delivered a mixed quarter, with a top-line miss and EPS beat. While management spoke... More
September 14, 2021 6:33 AM EDT
Cowen analyst Derrick Wood raised the price target on Oracle (NYSE: ORCL) to $96.00 (from $93.00) while maintaining an Outperform rating following earnings.
The analyst commented, "ORCL posted a solid 1Q w/ 2% cc rev growth in-line w/ Street. 2Q guide of +3-5% was slightly... More
September 14, 2021 5:12 AM EDT
Shares of Oracle (NYSE: ORCL) are down almost 2% in pre-open after the company delivered mixed FQ1 results.
EPS came in at $1.03 to top the analyst estimates of $0.97 while revenue was reported at $9.73 billion to miss on the analyst consensus of $9.73 billion.
"Q1 results were excellent as constant currency revenue beat guidance by $100 million with all revenue segments exceeding forecast, and Non-GAAP earnings per share beating guidance by $0.08," said Oracle CEO, Safra Catz.
"Oracle's two new cloud businesses, IaaS and... More
