Revenue Update on Oracle Corporation(NYSE:ORCL)

Oracle Corporation(NYSE:ORCL) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-hours on Sep 15, 2016. Company reported revenue of $8.61B. Analysts estimated a revenue of $8.70B. Earnings per share were $0.55. Analysts had estimated an EPS of $0.58.

In a different note, On Sep 8, 2016, OTR Global said it Downgrades its rating on Oracle Corporation. The shares have been rated ‘Mixed’ by the firm. On Jul 19, 2016, Atlantic Equities said it Downgrades its rating on Oracle Corporation. The shares have been rated ‘Neutral’ by the firm. On Jul 14, 2016, BTIG Research said it Maintains its rating on Oracle Corporation. In the research note, the firm Raises the price-target to $44.00 per share. The shares have been rated ‘Buy’ by the firm. 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.

Oracle Corporation (ORCL) shares turned negative on Tuesdays trading session with the shares closing down -0.16 points or -0.41% at a volume of 1,21,21,312. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $39.6. The peak price level was also seen at $39.6 while the days lowest was $39.055. Finally the shares closed at $39.07. 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 $161,075 M.

Several Insider Transactions has been reported to the SEC. On Aug 16, 2016, Hector Garcia-molina (director) sold 3,750 shares at $41.12 per share price.Also, On Aug 12, 2016, John F Fowler (EVP, Systems) sold 500,000 shares at $41.10 per share price.On Jun 24, 2016, Naomi O Seligman (director) sold 25,000 shares at $40.74 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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