TheStreet reiterated their buy rating on shares of Oracle Corp. (NASDAQ:ORCL) in a research note released on Tuesday morning, Analyst Ratings Network reports.
“Oracle Corporation (ORCL) has been reiterated by TheStreet Ratings as a buy with a ratings score of A-. The company’s strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, notable return on equity, attractive valuation levels and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.,” TheStreet’s analyst commented.
In other Oracle Corp. news, President Mark V. Hurd unloaded 500,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $35.14, for a total transaction of $17,570,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Oracle Corp. (NASDAQ:ORCL) opened at 35.07 on Tuesday. Oracle Corp. has a 1-year low of $29.86 and a 1-year high of $36.43. The stock has a 50-day moving average of $34.03 and a 200-day moving average of $33.07. The company has a market cap of $159.8 billion and a price-to-earnings ratio of 15.07.
Oracle Corp. (NASDAQ:ORCL) last posted its quarterly earnings results on Wednesday, September 18th. The company reported $0.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.03. The company had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.48 billion. During the same quarter last year, the company posted $0.53 earnings per share. Oracle Corp.’s revenue was up 2.1% compared to the same quarter last year. On average, analysts predict that Oracle Corp. will post $2.91 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Thomson Reuters/Verus upgraded shares of Oracle Corp. from a hold rating to a buy rating in a research note to investors on Monday. Separately, analysts at Zacks reiterated a neutral rating on shares of Oracle Corp. in a research note to investors on Friday, November 29th. They now have a $37.00 price target on the stock. Finally, analysts at Standpoint Research downgraded shares of Oracle Corp. from a buy rating to a hold rating in a research note to investors on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Oracle Corp. presently has an average rating of Buy and a consensus price target of $36.65.
Oracle Corporation is a provider of enterprise software and computer hardware products and services. The Company’s software, hardware systems, and services businesses develops, manufactures, markets, hosts and supports database and middleware software, applications software, and hardware systems, with the latter consisting primarily of computer server and storage products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.