What Analysts Are Saying About Oracle After Earnings

By Chris Lange Updated Jan 11, 5:40PM EST · Published Sep 19, 9:50AM EDT

What Analysts Are Saying About Oracle After Earnings — © Wikimedia Commons

Oracle Corp. (NYSE: ORCL) released its fiscal first-quarter financial results after markets closed on Monday. While the report was not that great, it wasn’t half bad either. Analysts seemed to take a cue from this and their responses to the report were not uniform, with some taking a positive perspective and others still on the fence.

Here, 24/7 Wall St. has included some brief highlights from the report, as well as what analysts said about the tech giant after the fact.

The company posted $0.71 in earnings per share (EPS) and $9.2 billion in revenue, which compares with consensus estimates of $0.69 in EPS and revenue of $9.31 billion. The same period of last year reportedly had EPS of $0.62 on $9.21 billion in revenue.

Short-term deferred revenues were up 2% to $10.3 billion compared to a year ago. Operating cash flow was up 5% to $15.5 billion during the trailing 12 months.

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In terms of its segments, the company reported:

Cloud Services and License Support revenues increased 3% year over year to $6.61 billion.
Cloud License and On-Premise License revenues decreased 3% to $867 million.
Hardware revenues decreased 4% to $904 million.
Services revenues decreased 5% to $813 million.

Here’s what analysts had to say:

Merrill Lynch reiterated a Neutral rating and raised its price target to $55 from $51.
Citigroup reiterated a Neutral rating and lowered its price target from $51 to $49.
Wells Fargo reiterated an Outperform rating and lowered its target to $60 from $62.50.
Nomura reiterated a Buy rating and lowered its price target to $58 from $59.
RBC reiterated a Sector Perform rating and raised its target from $52 to $53.
Credit Suisse reiterated a Buy rating with a $60 price target.
Wedbush reiterated a Neutral rating with a $49 price target.
Stifel reiterated a Hold rating and lowered its target to $49 from $50.
JPMorgan reiterated a Neutral rating with a $53 price target.
Goldman Sachs reiterated a Buy rating with a $55 price target.

Shares of Oracle were last seen trading at $49.03, with a consensus analyst price target of $53.07 and a 52-week range of $42.57 to $53.48.

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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.