BTIG Research Maintains Oracle Corporation to Buy with Price Target $47.00

Brokerage firm BTIG Research Maintains its rating on Oracle Corporation(NYSE:ORCL). In a research note issued to the investors, the brokerage major Raises the price-target to $47.00 per share. The shares have been rated Buy. The rating by BTIG Research was issued on Jul 14, 2016.

In a different note, On Jul 12, 2016, BMO Capital said it Upgrades its rating on Oracle Corporation. The shares have been rated ‘Outperform’ by the firm. On Jun 29, 2016, JP Morgan said it Upgrades its rating on Oracle Corporation. In the research note, the firm Raises the price-target to $37.00 per share. The shares have been rated ‘Neutral’ by the firm. Cowen & Company said it Initiates Coverage on Oracle Corporation, according to a research note issued on Jun 24, 2016. The shares have been rated ‘Outperform’ by the firm. On Jun 17, 2016, Deutsche Bank said it Maintains its rating on Oracle Corporation. The shares have been rated ‘Hold’ by the firm. On Jun 17, 2016, Pacific Crest said it Reiterates its rating on Oracle Corporation. The shares have been rated ‘Sector Weight’ by the firm. On Jun 17, 2016, Wunderlich said it Reiterates its rating on Oracle Corporation. The shares have been rated ‘Hold’ by the firm.

Oracle Corporation (ORCL) shares turned negative on Mondays trading session with the shares closing down -0.13 points or -0.31% at a volume of 87,38,905. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $41.835. The peak price level was also seen at $41.835 while the days lowest was $41.58. Finally the shares closed at $41.64. The 52-week high of the shares is $42 while the 52-week low is $33.13. According to the latest information available, the market cap of the company is $171,670 M.

Oracle Corporation(ORCL) last announced its earnings results on Jun 16, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $10.60B. Analysts had an estimated revenue of $10.47B. Earnings per share were $0.81. Analysts had estimated an EPS of $0.82.

Several Insider Transactions has been reported to the SEC. On Jun 24, 2016, Naomi O Seligman (director) sold 25,000 shares at $40.74 per share price.Also, On Jun 22, 2016, Michael J Boskin (director) sold 75,000 shares at $40.00 per share price.On Jun 17, 2016, Hector Garcia-molina (director) sold 3,750 shares at $38.65 per share price, according to the Form-4 filing with the securities and exchange commission.

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

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