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Fly News Breaks for December 17, 2015
ORCL
Dec 17, 2015 | 07:59 EDT
Jefferies analyst John DiFucci says 2016 should be a break-out year for shares of Oracle. The company's FY16 will be a trough year that will improve in the second half, the analyst contends. Oracle's Q3 guidance met consensus expectations and management also issued an outlook for Q4 for the first time in many years, DiFucci tells investors in a post-earnings research note. He keeps a Buy rating on Oracle with a $50 price target.
News For ORCL From the Last 2 Days
ORCL
Mar 17, 2024 | 06:39 EDT
Oracle is no slouch when it comes to cloud computing and AI. But the strength of the company's position has only recently become clear to Wall Street, Eric J. Savitz writes in this week's edition of Barron's. Oracle continues to be a key provider of enterprise software applications and database software. Just this past week, the company announced new AI capabilities for some of its business apps. But the key driver for Oracle is now cloud computing-and the associated opportunity in artificial intelligence, the author notes. Despite a three-year rally in Oracle shares, the stock still looks cheaper on almost every measure than rival enterprise software companies, the publication adds. Reference Link