Market Overview

Jefferies Reiterates Hold Rating, $35 on Oracle Corporation on Acme Packet Acquisition

Related ORCL
Workday Business Is Decelerating, New Research Shows
Workday: Best Cloud Pure Play?
Are Buybacks At Apple, Nike, Other Firms Good Or Bad? (Investor's Business Daily)

In a report published Monday, Jefferies reiterated its Hold rating and $35.00 price target on Oracle Corporation (NASDAQ: ORCL).

Jefferies noted, “This morning Oracle announced plans to acquire session border controller (SBC) maker Acme Packet (APKT) for $29.25/share in cash ($1.68B EV) and expects to close the transaction in the first half of 2013. We see the acquisition bolstering demand for Sun hardware, expanding ORCL's unified communications portfolio, and expanding ORCL's relationship with large telco service providers.”

Oracle Corporation closed on Friday at $36.21.

Latest Ratings for ORCL

Nov 2015Goldman SachsUpgradesBuyConviction Buy
Nov 2015Morgan StanleyDowngradesOverweightEqual-weight
Nov 2015FBR CapitalDowngradesOutperformMarket Perform

View More Analyst Ratings for ORCL
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Reiteration Analyst Ratings


Related Articles (APKT + ORCL)

View Comments and Join the Discussion!

Get Benzinga's Newsletters