Stock Update: Oracle Corporation (NYSE:ORCL) – Oracle Mounts Challenge to AWS in Massive IT Industry Shakeup

[at Forbes] – Video In an exclusive interview, Mark Hurd, CEO of Oracle Corp, details Oracle’s cloud strategy and how it’s mounting an aggressive challenge to public cloud service providers such as Amazon Web Services (AWS), Salesforce and Workday, while its legacy enterprise competitors such as EMC and SAP scramble for survival in a Read more on this. Oracle Corporation (ORCL) , valued at $145.80B, opened at $34.58. During the trading session, ORCL traded between $34.50 to $34.94 with a trailing 52-week range being $33.13 to $45.24. ORCL shares are currently priced at 13.38x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 12.46x forward p/e ratio. And for income investors, the company pays shareholders $0.60 per share annually in dividends, yielding 1.72%. 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 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. 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. Investors should keep in mind is that the average price target is $44.00, which is 27.24% above where the stock opened this morning. See more in (NYSE:ORCL) Similar Articles: Stock Update: Oracle Corporation (NYSE:ORCL) – TCR Selects Oracle Hospitality for Industry-Leading Functionality and Efficiency Market Update: Oracle Corporation (NYSE:ORCL) – Oracle (ORCL) Stock Falling on Rating Downgrade at JMP Securities Company Update: Oracle Corporation (NYSE:ORCL) – Oracle (ORCL) Stock Down on Maxymiser Acquisition