Oppenheimer (OPY) Analysts Reiterate a "Outperform" Rating on Oracle (ORCL)
Monday, June 20, 2021 10:40 AM

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Equities research analysts at Oppenheimer (NYSE: OPY) reiterated an "outperform" rating on shares of Oracle (NASDAQ: ORCL) in a research note to investors on Monday.

Separately, analysts at Deutsche Bank (NYSE: DB) reiterated a "hold" rating on shares of Oracle in a research note to investors on Monday, June 6th. Also, analysts at ThinkEquity upgraded shares of Oracle from a "hold" rating to a "buy" rating in a research note to investors on Thursday, May 26th. They now have a $40.00 price target on the stock.

Shares of Oracle traded up 0.91% during mid-day trading on Tuesday, hitting $31.47. Oracle has a 52 week low of $21.24 and a 52 week high of $36.50. The stock's 50-day moving average is $34.43 and its 200-day moving average is $32.05. The company has a market cap of $159.3 billion and a price-to-earnings ratio of 20.67.

Oracle last announced its quarterly results on Thursday, March 24th. The company reported $0.54 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.50 EPS by $0.04. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 36.9% on a year-over-year basis. On average, analysts predict that Oracle will post $0.46 EPS next quarter.

Oracle Corporation 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. It operates in three segments: software, hardware systems and services. Its software business is consisted of two operating segments: new software licenses and software license updates and product support. Its hardware systems business consists of two operating segments: hardware systems products and hardware systems support. Its services business is consisted of three operating segments: consulting, On Demand and education. In January 2010, the Company acquired Sun Microsystems, Inc. and Silver Creek Systems, Inc.

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