Oracle Corporation (ORCL) Latest Earnings Release Tops EPS By $0.07

Oracle Corporation (ORCL) announced its most recent quarterly financial results on Wednesday, Mar-15-2017. ORCL said it had a profit of $0.69 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.62. The company posted revenue of $9274.00 million in the period, compared to analysts expectations of $9250.48 million. ORCL’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

Based on several research reports , Company shares were Reiterated by UBS on Mar 16, 2017 to “Buy”, Firm has raised the Price Target to $ 48 from a previous price target of $45 .Company shares were Reiterated by Canaccord Genuity on Mar 16, 2017 to “Buy”, Firm has raised the Price Target to $ 49 from a previous price target of $45 .Company shares were Reiterated by RBC Capital Mkts on Mar 16, 2017 to “Outperform”, Firm has raised the Price Target to $ 47 from a previous price target of $46 .Company shares were Reiterated by Barclays on Mar 16, 2017 to “Overweight”, Firm has raised the Price Target to $ 51 from a previous price target of $47 .Company shares were Reiterated by BMO Capital Markets on Mar 16, 2017 to “Outperform”, Firm has raised the Price Target to $ 48 from a previous price target of $45 .

Several company insiders have filed Insider transactions , on Feb 16, 2017, Hector Garcia-molina (director) sold 3,750 shares at $40.95 per share price. According to the SEC, on Dec 22, 2016, Naomi O Seligman (director) sold 45,000 shares at $38.72 per share price. On Sep 23, 2016, Dorian Daley (EVP, Gen’l Counsel, Secretary) sold 16,065 shares at $39.61 per share price, according to the Form-4 filing with the securities and exchange commission.

Oracle Corporation opened for trading at $42.9 and hit $43.2 on the upside on Wednesday, eventually ending the session at $43.05, with a gain of 0.61% or 0.26 points. The heightened volatility saw the trading volume jump to 1,83,93,223 shares. Company has a market cap of $176,606 M.

Oracle Corporation (Oracle) is a provider of enterprise software and computer hardware products and services. The Company’s 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

Oracle Corporation

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