Market Update (NYSE:ORCL): Oracle Q2 Cloud Lifts As Earnings Beat Expectations

[at Investor’s Business Daily] – Oracle stock seesawed in after-hours trading Wednesday after the largest Silicon Valley-based software maker posted fiscal Q2 earnings that beat but sales that fell and missed Wall Street views. On the … Read more on this. Oracle Corporation (ORCL) , with a current value of $165.94B, started trading this morning at $38.67. Looking at today’s trading action, the company’s one day range from $38.35 to $39.14 with a trailing 52-week range being $35.14 to $46.71. ORCL shares are currently priced at 14.70x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.45x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $0.60 per share annually in dividends, yielding 1.59%. In a review of the consensus earnings estimate this quarter, 33 sell-side analysts are looking at $0.60 per share, which would be $0.09 worse than the year-ago quarter and a $0.01 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.60, which would be a $0.17 setback when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $9.06 Billion. If realized, that would be a 5.72% decrease over the year-ago quarter. Recently, Jefferies upgraded ORCL from Hold to Buy (Jul 30, 2015). Previously, Wunderlich Initiated ORCL at to Hold. When considering if the stock is under or overvalued, the average price target is $44.15, which is 14.17% above where the stock opened this morning. See more in (NYSE:ORCL) Similar Articles: Company Update: Oracle Corporation (NYSE:ORCL) – What to Expect When Oracle (ORCL) Reports Earnings Tomorrow Market Update (NYSE:ORCL): Oracle Helps Organizations Power Customer Experiences With Latest Releases of Oracle Service Cloud and Oracle Social Cloud Market Update: Oracle Corporation (NYSE:ORCL) – Partners Rapidly Pivot to the Cloud With Oracle