Ahead of Tuesday's second quarter earnings report from Oracle
), analysts at Jefferies believe the software company will report
in-line the Wall Street estimates.
Wall Street is expecting ORCL to report earnings of 61 cents per
share on revenues of $9.03 billion. Jefferies believes that the
company will report mostly in-line, however they are projecting
revenue to be $8.95 billion.
Jefferies analysts commented that they are encouraged with
Oracle products in engineering systems, however they have lukewarm
feelings in other product areas. Jefferies notes that Oracle is
facing growth problems in the future, however the company's stock
value was "incrementally attractive."
The firm maintains its "Hold" rating on Oracle while boosting
its price target from $32 to $34. The new valuation is a +6.4%
upside to Friday's closing price of $31.96.
Oracle shares were up 27 cents, or +0.84%, during morning
trading on Monday.
The Bottom Line
Shares of Oracle Corporation (
) have a .75% dividend yield, based on Friday's closing stock price
of $31.93. The stock has technical support in the $28-$29 price
area. If the shares can firm up, we see overhead resistance around
the $33-$35 price levels.
Oracle Corporation (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.2 out of 5 stars.
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Best Dividend Stocks
, as well as a detailed explanation of
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