Oracle

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We keep our 12-month target at $130, on P/E of 19.8x our CY 25 EPS estimate of $6.57, above historical but below peers. We hold our FY 24 (May) EPS at $5.54 and FY 25 at $6.29. ORCL posts Nov-Q EPS of $1.34 vs. $1.21, beating the $1.33 consensus. Sales rose 5%, missing expectations, as growth from cloud services and license support (+12% a slight miss; 74% of revenue) was partly offset by declines from cloud and on-premises licenses (-18%), Services (-2%), and hardware (-11%). We positively view cloud growth of 25%, with infrastructure (IaaS) +52% and SaaS +15%. We believe OCI (Oracle Cloud Infrastructure) is poised to see demand surge from greater GenAI adoption, with plans to build 100 additional cloud data centers (also expanding 66 […]

Oracle reaffirms its forecast of $65 billion in revenue by FY 2026 Projected 8% revenue growth for fiscal 2024 excluding Cerner, or 7% including Cerner Non-GAAP operating margin for FY 2024 expected to reach 43% Oracle CEO sees stock selloff as an opportunity to repurchase shares Demand for capacity in the company’s cloud computing business remains strong Oracle has multiple billion-dollar customers and offers AI training at lower prices than competitors There is a shortage of GPU chips for Oracle’s cloud computing expansion

Oracle (NYSE:ORCL) reported fiscal Q1 non-GAAP earnings  of $1.19 per diluted share, up from $1.03 a year earlier. Analysts polled by Capital IQ expected $1.15. Revenue for the quarter ended Aug. 31 was $12.45 billion, up from $11.45 billion a year earlier. Analysts surveyed by Capital IQ expected $12.47 billion. The company retained its quarterly dividend at $0.40 per share, payable Oct. 12 to shareholders of record on Oct. 26.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We keep our 12-month target at $130, on P/E of 21.7x our CY 24 EPS estimate of $5.99, above historical but below peers. We hold our FY 24 (Mar.) EPS at $5.54 and adjust FY 25 to $6.29 from $6.56. ORCL posts Aug-Q EPS of $1.19 vs. $1.03, beating the $1.15 consensus. Sales rose 9%, near expectations, as cloud services and license support growth (+13%) more than offset declines in cloud/on-premise licensing (-10%) and hardware (-6%). We are encouraged by cloud services contribution, up 30% and now 37% of revenue, as we see significant scale potential from generative AI (over $4B of signed contract for AI training capacity; doubling in 3 months). Cloud infrastructure grew 66% while cloud application (SaaS) rose 17%, with NetSuite and Fusion bright