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News Breaks | | | | December 18, 2012 | | 15:05 EDT |  | ORCL | Earnings Preview: Analysts divided on forecasts for Oracle Q2 results
Oracle (ORCL) is expected to report Q2 earnings after the bell on Tuesday, December 18, with a conference call scheduled for 5:00 pm ET. Analysts are looking for a profit of 61c on revenue of $9.03B. The consensus range is 59c-63c for EPS and $8.84B-$9.32B for revenue, according to First Call. During its Q1 earnings conference call, Oracle said it expects Q2 EPS to be between 59c-63c, which matches First Call's current analyst range. The company guided Q2 non-GAAP revenue to be somewhere between flat to up 4%, with Q2 hardware revenue forecast to decline 8%-18% and Q2 new software license and cloud subscription revenue seen up 5-15%. Within the last week, a number of research firms have offered their opinions on Oracle's stock and their expectations for the company's Q2 results. On the bullish side, Credit Suisse said last Wednesday that it expects Oracle to meet or beat its license sales target for the quarter and reiterated an Outperform rating and $40 price target on shares. Also last week, Janney Capital initiated Oracle with a Buy rating and similar $40 price target. Conversely, Jefferies wrote in a note to investors yesterday that its channel checks point to in-line Q2 results for Oracle. Jefferies raised its price target on the stock to $34 from $32, but kept a Hold rating on Oracle. Also, in a note earlier today, JMP Securities said a former Taleo executive may be leaving Oracle, raising questions about whether the company is integrating its cloud acquisitions effectively. JMP maintained a Market Perform rating on the stock. In afternoon trading, Oracle is outperforming the Nasdaq composite index with an advance of over 1.6% to $32.84. | |
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News For ORCL From The Last 14 Days Check below for free stories on ORCL the last two weeks. |
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| May 15, 2013 | | 11:48 EDT |  | ORCL | Appaloosa reports new stakes in Comcast, Ashland, sells Oracle
David Tepper's Appaloosa in its quarterly filing report new positions in Comcast (CMCSA), Prudential (PRU), Hess Corp. (HES), Check Point (CHKP), KBR (KBR) and Ashland (ASH). The fund sold its stakes in Oracle (ORCL) and Noble Corp. (NE). Appaloosa's top position is in Citigroup (C), with a stake worth over $376.9M. | | | 11:28 EDT | | ORCL | David Tepper's Appaloosa liquidates stake in Oracle
 Subscribe for More Information | | | May 13, 2013 | | 07:31 EDT |  | ORCL | Brightcover to host a conference
3rd Annual Brightcove PLAY Global Customer Conference is being held in Boston on May 13-15. | | | May 10, 2013 | | 14:52 EDT |  | ORCL | Market poised to end week higher as tech helps lead advance
Subscribe for More Information | | | 09:03 EDT |  | ORCL | BroadSoft could be acquired by Oracle, says Pacific Crest
Pacific Crest believes that Oracle's (ORCL) interest in SMX servers could lead that company to buy Broadsoft (BSFT), which integrates IMS applications with SMX technology, according to the firm. Pacific Crest thinks that BroadSoft could be worth up to $42.50 per share in a takeover deal, and it keeps an Outperform rating on the shares. | | | May 8, 2013 | | 06:53 EDT | | ORCL | Oracle estimates raised at Credit Suisse
Credit Suisse raised Oracle estimates due to expectations for hardware product revenue growth in FY14, potential upgrades to the recently released T5 and M5 processors, and revenue growth for Engineered Systems. Shares are Outperform rated with a $40 price target. | |
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