Company Update (NYSE:ORCL): Traders bet Oracle is on solid ground

[optionMONSTER] – Traders are betting that downside potential will be limited in Oracle before its next earnings report. optionMONSTER’s market scanners show that 10,000 February 32 puts were sold mostly for $0.28 and $0.29 … Read more on this. Oracle Corporation (ORCL) , currently valued at $145.80B, opened this morning at $34.19. During today’s session, ORCL traded between $34.01 to $34.78 and has traded between $33.87 and $45.33 over the past year. Oracle (ORCL) shares are currently priced at 13.11x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 13.42x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $0.60 per share annually in dividends, yielding 1.73%. According to a consensus of 33 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 worse 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. In terms of ratings, BMO Capital Markets Initiated ORCL at Market Perform (Jan 8, 2016). Previously, Morgan Stanley downgraded ORCL from Overweight to Equal-Weight. When considering if the stock is under or overvalued, the average price target is $43.81, which is 28.14% 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 Company Update: Oracle Corporation (NYSE:ORCL) – Oracle (ORCL) Stock Down on Maxymiser Acquisition Company Update: Oracle Corporation (NYSE:ORCL) – Oracle Gets Docker in the Zone With Oracle Solaris