FBR Sees More M&A Activity for Oracle

FBR analyst Daniel Ives reported that

agreement to buy

is the just the beginning of merger and acquisition activity for the company. The analyst commented that the Micros acquisition for $5.3 billion is "just the start" of Oracle's surge in M&A activity. Ives noted that Oracle's "soft" fourth quarter results shows the company's need to "catalyze new revenue growth." FBR remarked that the Micros deal is a "step in the right direction" with the acquisition "spurring more software M&A, specifically in e-commerce." Ives concluded that Oracle is prepped for "massive consolidation" as vendors seek to acquire "fertile growth areas in tech." Shares of Oracle closed at $40.82 on Friday. The stock jumped 1.25 percent to $41.33 on Monday morning. Shares are currently trading at $41.08.