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FBR Sees More M&A Activity For Oracle

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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
Mar 2015RBC CapitalUpgradesSector PerformOutperform
Mar 2015BarclaysMaintainsOverweight
Mar 2015Pacific CrestMaintainsOutperform

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Posted-In: Daniel Ives FBRAnalyst Color Analyst Ratings

 

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