Market Overview

FBR Sees More M&A Activity For Oracle

Related ORCL
Oracle Conference Call Highlights
Oracle Analyst Roundup After Q2 Earnings
Dovish Fed Continues to Fuel Street Rally (Fox Business)

FBR analyst Daniel Ives reported that Oracle's (NYSE: ORCL) agreement to buy MICROS Systems (NASDAQ: MCRS) 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."

Related: Oracle Confirms Plan To Buy Micros Systems For $5.3 Billion

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.

Latest Ratings for ORCL

DateFirmActionFromTo
Dec 2014Credit SuisseMaintainsOutperform
Dec 2014BarclaysMaintainsOverweight
Dec 2014FBR CapitalMaintainsOutperform

View More Analyst Ratings for ORCL
View the Latest Analyst Ratings

Posted-In: Daniel Ives FBRAnalyst Color Analyst Ratings

 

Related Articles (MCRS + ORCL)

Around the Web, We're Loving...

Get Benzinga's Newsletters