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Fly News Breaks for September 17, 2015
ORCL
Sep 17, 2015 | 06:17 EDT
Following Oracle's Q1 results, Jefferies analysts John DiFucci and Brad Zelnick say the company's revenue could bottom in Q2. "It appears that expenses may have peaked and revenue is near a bottom," the analysts tell investors in a research note. Oracle's Cloud revenue momentum is accelerating while a database product cycle starts in 2016, the analysts note. They keep a Buy rating on the stock with a $50 price target.
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