Pacific Crest Rates Oracle (NASDAQ: ORCL) As Outperform, Remains Cautious On FQ3 Expectations

Analysts at Pacific Crest rate Oracle (NASDAQ: ORCL) as Outperform, but note a lack of meaningful improvement in business. They determine that “most of the reason for the delay in the Sun business has been due (to) Oracle’s move to more direct Sun sales, and the overall Oracle integration.”

The analysts go on to say that this may be creating FQ3 expectations that are too high. “We are concerned that Oracle may fall short of revenue expectations of $6.36 billion. However, we are fairly confident that Oracle can post upside to EPS expectations of $0.375.”

Analysts maintain their positive overall outlook by concluding, “We would own ORCL for FQ4.”