Company Update: Oracle Corporation (NYSE:ORCL) – Here’s Why Oracle (ORCL) Stock is Down Today

[at TheStreet] – Oracle (ORCL) stock is falling after the company sued Hewlett Packard Enterprise (HPE) over software copyrights. Read more on this. Oracle Corporation (ORCL) , valued at $171.20B, opened this morning at $41.30. During the trading session, ORCL traded between $40.57 to $41.35 with the price of the stock fluctuating between $33.13 to $45.24 over the last 52 weeks. ORCL shares are currently priced at 15.79x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.55x forward p/e ratio. And for dividend hunters, the company pays shareholders $0.60 per share annually in dividends, yielding 1.44%. In a review of the consensus earnings estimate this quarter, 32 sell-side analysts are looking at $0.82 per share, which would be $0.04 better than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.62 is a $0.15 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $10.46 Billion. If realized, that would be a 2.33% decrease over the year-ago quarter. Recently, Macquarie Initiated ORCL at Outperform (Mar 4, 2016). Previously, BMO Capital Markets Initiated ORCL at to Market Perform. When considering if the stock is under or overvalued, the average price target is $43.56, which is 5.47% above where the stock opened this morning. See more in (NYSE:ORCL) Similar Articles: Company Update: Oracle Corporation (NYSE:ORCL) – Oracle (ORCL) Stock Jumps, Analysts Bullish Long Term Company Update: Oracle Corporation (NYSE:ORCL) – Are the Clouds Lifting for Oracle Stock? Market Update: Oracle Corporation (NYSE:ORCL) – Oracle (ORCL) Stock Falling on Rating Downgrade at JMP Securities
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