Can Oracle (ORCL) avoid delivering an unpleasant surprise to Wall Street when it reports first-quarter earnings next week? The leader in database software has left investors with a bad taste in their mouths for the last two quarters and five out of the last six when it comes to living up to earnings and revenue expectations, falling short on both sets of numbers for most of the last 18 months. During the last quarter, Oracle’s miss was most
The talk of possibly putting itself on the market, which propelled Salesforce.com’s (CRM) stock to a record high above 78 in April, has subsided, and the cloud computing pioneer has stayed roughly flat ever since. As rumors swirled that Salesforce might be the object of desire for such suitors/rivals as Oracle (ORCL), Microsoft (MSFT) and SAP (SAP), Salesforce has been able to beat Wall Street earnings estimates. That’s been the case for each of
Oracle (ORCL) has struggled in transitioning to cloud computing, but investment bank Jefferies says the company is doing better and gave the enterprise software giant a rare upgrade. Analysts John DiFucci and Brad Zelnick, in a research report Thursday, raised their rating on Oracle stock to buy from hold and hiked their price target to 50 from 41. Oracle stock was flat in afternoon trading in the stock market today, near 40. “While changes to the