Oracle Corporation (ORCL) is Initiated by Rosenblatt to Buy, Price Target at $48

Oracle Corporation (ORCL) was Initiated by Rosenblatt to “Buy” and the brokerage firm has set the Price Target at $48. Rosenblatt advised their investors in a research report released on Aug 8, 2016.

Many Wall Street Analysts have commented on Oracle Corporation. Company shares were Upgraded by BMO Capital Markets on Jul 12, 2016 to ” Outperform”, Firm has raised the Price Target to $ 47 from a previous price target of $45 .Oracle Corporation was Upgraded by JP Morgan to ” Neutral” on Jun 29, 2016.

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 opened for trading at $41.07 and hit $41.22 on the upside on Friday, eventually ending the session at $41.13, with a gain of 0.56% or 0.23 points. The heightened volatility saw the trading volume jump to 96,15,322 shares. Company has a market cap of $169,568 M.

In a different news, on Jul 18, 2016, Hector Garcia-molina (director) sold 3,750 shares at $41.78 per share price. According to the SEC, on Jun 24, 2016, Naomi O Seligman (director) sold 25,000 shares at $40.74 per share price. On Jun 22, 2016, Michael J Boskin (director) sold 75,000 shares at $40.00 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 Company’s 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

Oracle Corporation

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