Oracle Hits New 52-Week High at $42.56 (ORCL)
Oracle (NASDAQ:ORCL) reached a new 52-week high during mid-day trading on Friday , AR Network reports. The stock traded as high as $42.56 and last traded at $42.55, with a volume of 4,813,338 shares traded. The stock had previously closed at $42.10.
Several analysts have recently commented on the stock. Analysts at Maxim Group initiated coverage on shares of Oracle in a research note on Wednesday. They set a “buy” rating and a $48.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Oracle in a research note on Wednesday, May 21st. They now have a $44.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Oracle in a research note on Monday, May 19th. They now have a $45.00 price target on the stock, down previously from $48.00. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $41.36.
The stock’s 50-day moving average is $41.22 and its 200-day moving average is $38.45. The company has a market cap of $189.5 billion and a price-to-earnings ratio of 17.60.
Oracle (NASDAQ:ORCL) last released its earnings data on Tuesday, March 18th. The company reported $0.68 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.70 by $0.02. The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.36 billion. During the same quarter last year, the company posted $0.65 earnings per share. Oracle’s revenue was up 3.8% compared to the same quarter last year. Analysts expect that Oracle will post $2.91 EPS for the current fiscal year.
Oracle Corporation is a provider of enterprise software and computer hardware products and services. The Company provides cloud services as well as software and hardware products to other cloud service providers, both public and private.
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