Stock Update: Oracle Corporation (NYSE:ORCL) – Oracle is acquiring web tracking company AddThis

[Business Insider] – Oracle announced on Tuesday it is to acquire web tracking company AddThis for an undisclosed sum… Read more on this. Oracle Corporation (ORCL) , with a current market cap of $149.66B, began trading this morning at $35.86. During the trading session, ORCL traded between $35.49 to $36.12 and has traded between $35.14 and $45.33 over the past year. ORCL shares are currently priced at 14.05x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.55x earnings multiple. And for income investors, the company pays shareholders $0.60 per share annually in dividends, yielding 1.64%. According to a consensus of 32 analysts, the earnings estimate of $0.62 per share would be $0.06 worse than the year-ago quarter and a $0.04 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.60 is a $0.17 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $9.13 Billion. If reported, that would be a 2.14% decrease over the year-ago quarter. Recently, Morgan Stanley downgraded ORCL from Overweight to Equal-Weight (Nov 11, 2015). Previously, FBR Capital downgraded ORCL from Outperform to Mkt Perform. Investors should keep in mind is that the average price target is $43.88, which is 22.36% above where the stock opened this morning. See more in (NYSE:ORCL) Similar Articles: Company Update: Oracle Corporation (NYSE:ORCL) – Are the Clouds Lifting for Oracle Stock? Company Update: Oracle Corporation (NYSE:ORCL) – What to Expect When Oracle (ORCL) Reports Earnings Tomorrow Company Update: Oracle Corporation (NYSE:ORCL) – Oracle (ORCL) Stock Down on Maxymiser Acquisition