Company Update: Oracle Corporation (NYSE:ORCL) – Salesforce.com, Workday Nip At Oracle Here; Microsoft, Amazon There

[at Investor’s Business Daily] – Enterprise software developers Workday (WDAY) and especially profitable Salesforce.com (CRM) have gotten this far without any love from software king Oracle ( ORCL), so a little verbal swagger from Oracle’s … Read more on this. Oracle Corporation (ORCL) , currently valued at $174.27B, started the session at $40.87. During the trading session, ORCL traded between $40.65 to $41.49 and has traded between $33.13 and $45.24 over the past year. Oracle (ORCL) shares are currently priced at 15.50x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.79x earnings multiple for the same period. The company pays shareholders $0.60 per share annually in dividends, yielding 1.55%. According to a consensus of 33 analysts, the earnings estimate of $0.82 per share would be $0.04 better than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.62 would be a $0.15 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $10.49 Billion. If reported, that would be a 2.05% decrease over the year-ago quarter. Recently, Macquarie Initiated ORCL at Outperform (Mar 4, 2016). Previously, BMO Capital Markets Initiated ORCL at to Market Perform. With the above information in mind, readers should note that the average price target is $43.86, which is 7.32% above where the stock opened this morning. See more in (NYSE:ORCL) Similar Articles: Company Update: Oracle Corporation (NYSE:ORCL) – Oracle (ORCL) Stock Jumps, Analysts Bullish Long Term Company Update: Oracle Corporation (NYSE:ORCL) – Are the Clouds Lifting for Oracle Stock? Market Update: Oracle Corporation (NYSE:ORCL) – Oracle (ORCL) Stock Falling on Rating Downgrade at JMP Securities