Oracle Corporation (ORCL) was Upgraded by BMO Capital Markets to ” Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 47 from a previous price target of $45 . Earlier the firm had a rating of “Market Perform ” on the company shares. BMO Capital Markets advised their investors in a research report released on Jul 12, 2016.
Many Wall Street Analysts have commented on Oracle Corporation. Oracle Corporation was Upgraded by JP Morgan to ” Neutral” on Jun 29, 2016. Northland Capital Initiated Oracle Corporation on Apr 20, 2016 to “Outperform”, Price Target of the shares are set at $50.
On the company’s financial health, Oracle Corporation reported $0.81 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jun 16, 2016. Analyst had a consensus of $0.82. The company had revenue of $10596.00 million for the quarter, compared to analysts expectations of $10458.54 million. The company’s revenue was down -1.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.78 EPS.
Oracle Corporation closed down -0.09 points or -0.22% at $40.78 with 1,29,11,974 shares getting traded on Monday. Post opening the session at $40.9, the shares hit an intraday low of $40.75 and an intraday high of $41.14 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Jun 24, 2016, Naomi O Seligman (director) sold 25,000 shares at $40.74 per share price. According to the SEC, on Jun 22, 2016, Michael J Boskin (director) sold 75,000 shares at $40.00 per share price. On Jun 17, 2016, Hector Garcia-molina (director) sold 3,750 shares at $38.65 per share price, according to the Form-4 filing with the securities and exchange commission.
Oracle Corporation (Oracle) is a provider of enterprise software and computer hardware products and services. The Companys offerings include Oracle database and middleware software application software cloud infrastructure hardware systems including computer server storage and networking products and related services. It operates through various segments including new software licenses and cloud software subscriptions which include software licenses and Oracle Cloud offerings; cloud infrastructure-as-a-service which provides deployment and management offerings; software license updates and product support which includes support enhancements and upgrades for Oracle software products; hardware systems products which includes servers storage networking virtualization software operating systems and management software; hardware systems support which provides software updates for software components and services business which offers consulting services