FBR Sees More M&A Activity For Oracle
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.
Latest Ratings for ORCL
|Jun 2016||Cowen & Company||Initiates Coverage on||Outperform|
|Jun 2016||Deutsche Bank||Maintains||Hold|
|Jun 2016||Pacific Crest||Reiterates||Sector Weight|
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