In a report published Thursday, Cantor Fitzgerald analysts Brian White and Isabel Zhu share some thoughts about Oracle Corporation ORCL following a couple of investor meetings with CEO Mark Hurd and Ken Bond of investor relations.
Oracle's Forward View
Oracle conceives this “push of IT resources into the cloud as a ‘generational change’ that only comes along once every 20–25 years,” the analysts at Cantor explain. This is why management is working hard in expanding the cloud business.
Analysts' Input
Given that the ramp of Oracle’s SaaS portfolio started considerably ahead of PaaS, it’s the unpredictability of the PaaS ramp that worries the company. While the SaaS business is, at the time, substantially larger than the PaaS business, management expects PaaS to be bigger in the long run, “given the company's sizable database and middleware businesses,” the report explains.
Cantor maintains a Buy rating and $48.00 price target on shares of Oracle.
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