Oracle Corporation (ORCL) Upgraded to "Buy" at Zacks Investment Research

Bloomberg’s Cory Johnson reports on Oracle Corp.’s first-quarter performance

Beese Fulmer Investment Management Inc. lifted its holdings in shares of Oracle Corporation by 0.7% in the first quarter. FBR Capital maintained it with "Mkt Perform" rating and $41 target in Thursday, December 17 report. They noted that the move was a valuation call.

Among 2 analysts covering Saul Centers (NYSE:BFS), 0 have Buy rating, 0 Sell and 2 Hold.

Canaccord Genuity also raises its Oracle price target by $1 to $57 and maintains a Buy rating. T2 Biosystems shares tumbled 19.41 percent to $4.90 in after-hours trading. Narrowing in, the stock is at a distance of -7.91% from the 50 day high and 1.99% off of the 50 day low. Immediately after Oracle CEO Safra Catz gave the guidance, the company's stock fell more than 5 percent below the closing price of $52.79 per share.

Analysts had expected Oracle to earn 60 cents a share on an adjusted basis, on revenue of $9 billion, according to a survey of analysts by Thomson Reuters Corp. North Carolina-based Salem Investment Counselors has invested 0.06% in Oracle Corporation (NYSE:ORCL). The company had revenue of $9.21 billion during the quarter, compared to analysts' expectations of $9.03 billion.

Analysts were expecting 68 cents in earnings per share on $9.49 billion in revenue.

Though the company's total revenues were up a healthy 7%, cloud related sectors of the business went up even faster. Next quarter's EPS is expected be $0.74 with next year's EPS anticipated to be $3.19.

WARNING: This story was posted by BBNS and is the sole property of of BBNS. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & global trademark and copyright law. Goldman Sachs Group, Inc. Gam Holdg Ag holds 0% in Saul Centers Inc (NYSE:BFS) or 1,231 shares. This company shares are 5.11% off its target price of $49.59 and the current market capitalization stands at $192.84B. In the past three trading days, Oracle's shares set new record closes just ahead of earnings. The stock was sold at an average price of $38.72, for a total transaction of $1,742,400.00. Cbre Clarion Securities Llc owns 4.40 million shares or 4.38% of their United States portfolio. President-Product Development Thomas Kurian sold 750,000 shares at an average price of $50.46 on Tue the 18th.

However, subsequent to that, it is also easy to see when the shares began their descent when the conference began and Company discussions and answers were not as positive about the upcoming quarter. The disclosure for this sale can be found here. The stock has a beta value of 1.05. It is without change, as 67 investors sold ORCL shares while 585 reduced holdings. only 87 funds opened positions while 431 raised stakes. Penserra Capital Management LLC boosted its stake in Oracle Corporation by 64.4% in the third quarter. Ajo Ltd Partnership has 902,342 shares for 0.14% of their portfolio. FMR LLC grew its position in Oracle Corporation by 24.8% during the 2nd quarter. The mean rating score for this stock is at 3.00. Stockman Wealth Management Inc.'s holdings in Oracle Corporation were worth $3,444,000 at the end of the most recent reporting period. Peconic Partners Llc who had been investing in Flotek Inds Inc Del for a number of months, seems to be less bullish one the $320.99M market cap company.

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure.

Cloud is now critically important to the company so Oracle chose to only give top executives performance options if Oracle were to significantly grow the cloud business, showed a regulatory filing from earlier in September.

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