Market Update (NYSE:ORCL): The FTC says Oracle ‘deceived consumers’ and left software on 850 million PCs vulnerable to hackers

[Business Insider] – The FTC just issued a press release that took Oracle to task for what it says is the… Read more on this. Oracle Corporation (ORCL) , currently valued at $153.03B, opened at $36.72. Looking at the stock, its one day range is $36.10 to $36.84 with the price of the stock fluctuating between $35.14 to $46.71 over the last 52 weeks. ORCL shares are currently priced at 13.98x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 9.64x earnings multiple. And for income investors, the company pays shareholders $0.60 per share annually in dividends, yielding 1.65%. Consensus earnings for the current quarter by the 33 sell-side analysts covering the stock is an estimate of $0.62 per share, which would be $0.06 worse than the year-ago quarter and a $0.04 sequential decrease. The full-year EPS estimate is $2.60 which would be a $0.17 setback than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $9.14 Billion. If reported, that would be a 2.04% decrease over the year-ago quarter. More recently, Jefferies upgraded ORCL from Hold to Buy (Jul 30, 2015). Previously, Wunderlich Initiated ORCL at to Hold. When considering if perhaps the stock is under or overvalued, the average price target is $43.97, which is 19.74% above where the stock opened this morning. See more in (NYSE:ORCL) Similar Articles: Stock Update: Oracle Corporation (NYSE:ORCL) – Oracle Awards Banking Software Company Temenos ‘Exastack Partner Of The Year’ Market Update: Oracle Corporation (NYSE:ORCL) – Oracle (ORCL) Stock Falling on Rating Downgrade at JMP Securities Stock Update: Oracle Corporation (NYSE:ORCL) – Why Oracle’s Software Business Saw Declines in 1Q16