UBS AG Reaffirms Buy (N/A) Rating on Oracle (ORCL)
Shares of Oracle opened at 27.53 on Wednesday. Oracle has a 52 week low of $24.72 and a 52 week high of $34.13. The company has a market cap of $137.0 billion and a P/E ratio of 14.42.
Oracle last announced its earnings results on Tuesday, March 20th. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.06. Oracle’s revenue was up 3.4% compared to the same quarter last year. On average, analysts predict that Oracle will post $0.53 earnings per share next quarter.
ORCL has been the subject of a number of other recent research reports. Analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of Oracle in a research note to investors on Thursday, May 31st. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Oracle in a research note to investors on Thursday, May 10th. They now have a $29.00 price target on the stock. Finally, analysts at ThinkEquity downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research note to investors on Thursday, May 10th. They now have a $28.00 price target on the stock.
Oracle Corporation, incorporated in 2005, is an enterprise software company. The Company develops, manufactures, markets, distributes and services database and middleware software, applications software and hardware systems, consisting primarily of computer server and storage products.