Company Update (NYSE:ORCL): Oracle Seeks $9.3 Bil From Google Over Java Use; Trial Nears

[at Investor’s Business Daily] – Oracle (ORCL) stock slipped nearly 1% and Alphabet (GOOGL) stalled flat following a report that Oracle will seek as much as $9.3 billion in damages from Google Android’s use of Oracle’s iconic Java software. … Read more on this. Oracle Corporation (ORCL) , valued at $168.57B, opened at $41.11. Today, shares have traded between $40.56 and $41.11 per share with a one year range of $33.13 to $45.24. Oracle (ORCL) shares are currently priced at 15.64x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 17.40x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $0.60 per share annually in dividends, yielding 1.46%. According to a consensus of 31 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. Investors should also note that the full-year EPS estimate of $2.62 is 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 $10.46 Billion. If reported, that would be a 2.33% decrease over the year-ago quarter. In terms of ratings, Macquarie Initiated ORCL at Outperform (Mar 4, 2016). Previously, BMO Capital Markets Initiated ORCL at to Market Perform. When considering if perhaps the stock is under or overvalued, the average price target is $43.45, which is 5.69% above where the stock opened this morning. See more in (NYSE:ORCL) Similar Articles: Company Update: Oracle Corporation (NYSE:ORCL) – Here’s Why Oracle (ORCL) Stock is Down Today Company Update: Oracle Corporation (NYSE:ORCL) – Oracle (ORCL) Stock Jumps, Analysts Bullish Long Term Company Update (NYSE:ORCL): Will Oracle (ORCL) Stock Be Helped by Ravello Systems Acquisition?