Market Update: Oracle Corporation (NYSE:ORCL) – Cloud Hogged the Limelight in Oracle’s Fiscal 3Q16 Results

[Market Realist] – The cloud was at the center of attention in Oracle’s results, standing strong next to the absence of growth in overall revenues. Read more on this. Oracle Corporation (ORCL) , with a current value of $175.30B, started the session at $41.42. Shares have traded today between $41.37 and $42.00 per share with its 52-week range being $33.13 to $45.24. ORCL shares are currently priced at 15.83x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 20.60x earnings multiple for the same period. The company pays shareholders $0.60 per share in dividend income per year, for a current yield of 1.45%. Consensus earnings for the current quarter by the 33 sell-side analysts covering the stock is an estimate of $0.82 per share, which would be $0.04 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $2.62 which would be a $0.15 worse than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $10.48 Billion. If reported, that would be a 2.15% decrease over the year-ago quarter. In terms of ratings, Macquarie Initiated ORCL at Outperform (Mar 4, 2016). Previously, BMO Capital Markets Initiated ORCL at to Market Perform. The average price target for ORCL shares by the analysts covering the stock is $43.86, which is 5.89% above where the stock opened this morning. See more in (NYSE:ORCL) Similar Articles: Company Update: Oracle Corporation (NYSE:ORCL) – Oracle Cloud Platform Powers Real-Time Marketing Intelligence for Surdell & Partners Market Update: Oracle Corporation (NYSE:ORCL) – New Oracle PartnerNetwork Program Drives Partner Success in the Cloud Market Update: Oracle Corporation (NYSE:ORCL) – Clear Skies For Oracle Despite Cloud Revenue Struggles