Oracle Corporation (ORCL) was Reiterated by RBC Capital Mkts to “Outperform” while Lowering the Price Target of the company shares to $ 42 from a previous price target of $43 . RBC Capital Mkts advised their investors in a research report released on Sep 16, 2016.
Many Wall Street Analysts have commented on Oracle Corporation. Rosenblatt Initiated Oracle Corporation on Aug 8, 2016 to “Buy”, Price Target of the shares are set at $48.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 $40.02 and hit $40.555 on the upside on Wednesday, eventually ending the session at $40.25, with a gain of 0.17% or 0.07 points. The heightened volatility saw the trading volume jump to 11,626,855 shares. Company has a market cap of $165,940 M.
In a different news, on Aug 16, 2016, Hector Garcia-molina (director) sold 3,750 shares at $41.12 per share price. According to the SEC, on Aug 12, 2016, John F Fowler (EVP, Systems) sold 500,000 shares at $41.10 per share price. On Jun 24, 2016, Naomi O Seligman (director) sold 25,000 shares at $40.74 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