Morgan Stanley Still Sees Uncertainty on Cloud Strategy for Oracle Corporation

In a report published Thursday, Morgan Stanley analyst Keith Weiss reiterated an Equal-Weight rating on Oracle Corporation ORCL. In the report, Morgan Stanley noted, “While clearly determined to be #1 in SaaS and PaaS, how Oracle expects to avoid the traditional pitfalls of legacy vendors in trying to adapt to a new paradigm remains cloudier. At 12.7X CY15 EPS for 8-10% earnings growth, we're willing to ‘just let this play out a bit'.” Oracle Corporation closed on Wednesday at $40.46.