• 
• See all for Dividend.com
• View Print Version

• Best Dividend Stocks
• High-Yield Dividend Stocks
• Ex-Dividend Calendar

• ORCL 88% Rate It

Enterprise software giant Oracle Corporation ( ORCL ) on Thursday caught some continued bullish support from analysts at Nomura Securities.

The firm backed its "Buy" rating on ORCL as well as its $32 price target, which suggests a 22% upside to the stock's Wednesday closing price of $26.17.

A Nomura analyst commented, "On Wednesday, June 6, CEO Larry Ellison and President Mark Hurd will hold an event that will likely discuss Oracle's movement to the cloud with both its apps and infrastructure product lines. This should be a strategically positive event in positioning Oracle for stronger growth over time; although much of the stock sentiment near term will likely be 4Q (May) results in June. No change to our FY12E/FY13E $2.42/$2.59 vs. Street $2.42/$2.64, respectively. Valuation at 9.7x CY'12 earnings ex-cash is below 2-yr and 5-yr averages, close to trough levels."

Oracle shares were mostly flat in premarket trading Thursday.

The Bottom Line
Shares of Oracle Corporation ( ORCL ) have a .92% dividend yield, based on last night's closing stock price of $26.17. The stock has technical support in the $24-$25 price area. If the shares can firm up, we see overhead resistance around the $28-$29 price levels.

Oracle Corporation ( ORCL ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

Related Stocks Articles

• 
  Glacier Bancorp Hits New 52-Week High - Analyst Blog
  6/18/2013 07:30 PM
• 
  Himax Hikes Annual Dividend - Analyst Blog
  6/18/2013 07:30 PM
• 
  Las Vegas Sands Kept at Neutral - Analyst Blog
  6/18/2013 07:30 PM