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Oracle Corporation Reports Q1 Earnings And Management Change; Analysts Weigh In

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Following Thursday's earnings release and top management shift, the Street has sent Oracle Corporation (NYSE: ORCL) shares down just under three percent in Friday's pre-market. Additionally, analysts have begun to weigh in on the quarter and management shift.

Credit Suisse: Outperform, $45 price target
"We continue to expect greater potential for upside to consensus revenue estimates in second half fiscal-year 2015 as compared to fiscal first quarter, as we believe that Oracle stands to benefit from several drivers later in the fiscal year and into fiscal-year 2016."

These drivers include introduction of Oracle Database 12c, increased customer adoption of Oracle Fusion Applications, and "massive market opportunity" for engineered systems.

Deutsche Bank: Hold, $42
"Our call on Oracle shares ultimately begins and ends with the health of its core database business. This business unexpectedly decelerated in 3QF14 and especially 4QF14 yet we stuck with our bullish call.. our confidence in the core database business is getting tested and we'd prefer to step to the sidelines while Oracle shares are still near their 10-year high."

D.A. Davidson Neutral, $47
Commenting on the management shift, D.A. Davidson wrote, "ORCL emphasized that no changes will be made to individual responsibilities (i.e. no new CFO), and that this represents a transition of titles, not functions." The firm continued, "We believe Co-CEO situations have had a poor track record of success longer-term in other technology companies, such as BlackBerry and SAP."

Latest Ratings for ORCL

DateFirmActionFromTo
Sep 2016MacquarieMaintainsOutperform
Sep 2016NomuraMaintainsBuy
Sep 2016RBC CapitalMaintainsOutperform

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Posted-In: Credit Suisse DA Davidson & Co Deutchse BankAnalyst Color Earnings News Management Analyst Ratings

 

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