Oracle Corporation (ORCL) PT Raised By Sterne Agee Ahead Of Q4 Earnings

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Oracle Corporation (ORCL) PT Raised By Sterne Agee Ahead Of Q4 Earnings
By Sanatan2014 (Own work) [CC BY-SA 4.0], via Wikimedia Commons

Oracle Corporation (NYSE:ORCL) will report its fiscal fourth quarter results on Thursday, June 19, 2014 after the bell. Shares of the software giant have gained about 11% this year so far, which suggests that investors expect a strong Q4 and more robust outlook. Ahead of its Q4 earnings release, Oracle got a big boost on Monday when Sterne Agee analysts Robert Breza and Jean-Baptiste Jouve raised their price target from $40 to $41. The research firm still has a Neutral rating on the stock.

Oracle set to report solid Q4 results

Analysts polled by Thomson Reuters expect Oracle Corporation (NYSE:ORCL)’s Q4 earnings to rise 9.2% YoY to $0.95 per share. Revenues are expected to jump 4.8% to $11.48 billion. For the full-year 2014, Wall Street forecasts $38.44 billion in revenues and $2.91 in EPS. The company management guided Q4 revenue to be in the range of $11.29-$11.72 billion. Sterne Agee’s checks with resellers, partners and integrators point to a solid Q4. The research firm expects fourth quarter revenues to come in at $11.50 billion.

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