Stock Update (NYSE:ORCL): Oracle Says Google Made $31 Billion In Revenue From Android. What Does It mean?

[at Forbes] – Oracle lawyers say they know how much Google made from Android, but the figures tell us little about Google’s Android business. Read more on this. Oracle Corporation (ORCL) , with a current market cap of $143.35B, started trading this morning at $33.91. Looking at today’s trading action, the company’s one day range from $33.59 to $34.56 and has traded between $33.13 and $45.24 over the past year. ORCL shares are currently priced at 13.05x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.46x forward p/e ratio. The company pays shareholders $0.60 per share annually in dividends, yielding 1.74%. In a review of the consensus earnings estimate this quarter, 33 sell-side analysts are looking at $0.62 per share, which would be $0.06 worse than the year-ago quarter and a $0.04 sequential decrease. Investors should also note 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 based on a consensus revenue forecast of the current quarter of $9.13 Billion. If realized, that would be a 2.14% decrease over the year-ago quarter. More recently, BMO Capital Markets Initiated ORCL at Market Perform (Jan 8, 2016). Previously, Morgan Stanley downgraded ORCL from Overweight to Equal-Weight. With the above information in mind, readers should note that the average price target is $44.00, which is 29.76% above where the stock opened this morning. See more in (NYSE:ORCL) Similar Articles: Market Update: Oracle Corporation (NYSE:ORCL) – Clear Skies For Oracle Despite Cloud Revenue Struggles Company Update: Oracle Corporation (NYSE:ORCL) – Oracle (ORCL) Stock Down on Maxymiser Acquisition Company Update (NYSE:ORCL): Oracle Expands Lawsuit in Android Battle With Google