Market Update: Oracle Corporation (NYSE:ORCL) – In Oracle vs. Google retrial, lawyers make final pitches to jury

[Reuters] – Oracle Corp (ORCL.N) filed a multibillion-dollar copyright lawsuit against Google because Oracle failed in its own attempts to enter the smartphone market, a Google attorney said in closing arguments on Monday. In a retrial in federal court in San Francisco, Oracle Corp has claimed Google’s Android smartphone operating system violated its copyright on parts of Java, a development platform. Alphabet Inc’s (GOOGL.O) Google unit said it should be able to use Java without paying a fee under the fair-use provision of copyright law. Read more on this. Oracle Corporation (ORCL) , currently valued at $163.34B, began trading this morning at $39.31. Looking at the equity, the company’s one day range is $39.21 to $39.42 with a one year range of $33.13 to $45.24. Oracle (ORCL) shares are currently priced at 15.04x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.34x earnings multiple for the same period. And for income investors, the company pays shareholders $0.60 per share annually in dividends, yielding 1.52%. 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 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $10.47 Billion. If reported, that would be a 2.24% decrease over the year-ago quarter. More recently, Northland Capital Initiated ORCL at Outperform (Apr 20, 2016). Previously, Macquarie Initiated ORCL at to Outperform. When considering if perhaps the stock is under or overvalued, the average price target is $43.97, which is 11.85% above where the stock opened this morning. See more in (NYSE:ORCL) Similar Articles: Company Update: Oracle Corporation (NYSE:ORCL) – Schmidt Dons Sun Hat to Shield Google at Oracle-Java Trial Stock Update: Oracle Corporation (NYSE:ORCL) – Oracle’s attorney tried to get Eric Schmidt to admit that Google was creepy Company Update: Oracle Corporation (NYSE:ORCL) – Oracle and Google Set to Replay World Series of Copyright Trials