Stock Update (NYSE:ORCL): Scanning Application Software Equities — Oracle, salesforce.com, Mobileye, and FireEye

[Accesswire] – NEW YORK, NY / ACCESSWIRE / January 22, 2016 / Park Lane Advisor has initiated coverage on the following equities: Oracle Corporation (NYSE: ORCL), salesforce.com inc. (NYSE: CRM), Mobileye N.V. (NYSE: … Read more on this. Oracle Corporation (ORCL) , with a current market cap of $146.24B, opened this morning at $34.55. During today’s session, ORCL traded between $34.53 to $34.83 and has traded between $33.13 and $45.24 over the past year. Oracle (ORCL) shares are currently priced at 13.12x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 12.46x earnings multiple for the same period. The company pays shareholders $0.60 per share in dividend income per year, for a current yield of 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. The full-year EPS estimate is $2.60, which would be a $0.17 better than last year. 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 $44.00, which is 27.35% above where the stock opened this morning. See more in (NYSE:ORCL) Similar Articles: Market Update: Salesforce.com Inc (NYSE:CRM) – Scanning Application Software Equities — Oracle, salesforce.com, Mobileye, and FireEye Stock Update: Oracle Corporation (NYSE:ORCL) – Oracle Awards Banking Software Company Temenos ‘Exastack Partner Of The Year’ Stock Update: Oracle Corporation (NYSE:ORCL) – Why Oracle’s Software Business Saw Declines in 1Q16