Argus Downgrades Oracle (ORCL) to Hold
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March 19, 2014 7:50 AM EDT
Nomura Securities analyst Rick Sherlund reiterated a Buy rating and $44 price target on Oracle (NASDAQ: ORCL) following Q3 results, which he said were "not great, but getting better."
Sherlund commented, "Oracle's Fs Q3 (Feb) was a bit light in revenue growth of... More
March 19, 2014 7:15 AM EDT
Goldman Sachs maintained a Buy rating on Oracle (NASDAQ: ORCL) with a price target of $43.00. Comments follow Q3 results.
Analyst Heather Bellini said, "After periods of choppy execution coupled with a challenging macro environment over the past 12-18 months, we see this... More
March 19, 2014 6:39 AM EDT
Jefferies analyst Ross MacMillan bumped current quarter estimates and his price target on Oracle (NASDAQ: ORCL) from $36 to $37, although their is no change to the firm's overall view and its Hold rating was maintained.
MacMillan comments, "ORCL's F3Q14 results were largely in line... More
March 18, 2014 5:17 PM EDT
(Updated - March 18, 2014 5:19 PM EDT)
Oracle (NYSE: ORCL) sees Q4 Non-GAAP EPS of $0.92-$0.99 vs est $0.96. Company sees Non-GAAP revenue up 3%-7% vs est. up 5%. Software license and cloud revenue guidance is unchanged up 10%. Hardware product revenue guidance is unchanged up 10%.... More
March 18, 2014 4:06 PM EDT
Oracle Corp (NASDAQ: ORCL) reported Q3 EPS of $0.68, $0.02 worse than the analyst estimate of $0.70. Revenue for the quarter rose 4% to $9.3 billion versus the consensus estimate of $9.36 billion.
Part of the blame was a higher U.S. dollar. Without the impact of the US dollar strengthening compared to foreign currencies, Oracle's reported Q3 GAAP earnings per share would have been up 10% and non-GAAP earnings per share would have been up 7%. In addition, GAAP and non-GAAP earnings per share both include a non-operating $0.02 per share loss this quarter as a result of exchange... More
