Company Update (NYSE:ORCL): Oracle to Buy Cloud Services Niche Player Opower

[at Investopedia] – Less than a week removed from its acquisition of cloud-based construction and engineering firm Textura for $663 million, Oracle has announced another purchase to expand its cloud offerings. Oracle said … Read more on this. Oracle Corporation (ORCL) , valued at $164.67B, began trading this morning at $40.03. Looking at today’s market, ORCL one day range is $39.53 to $40.11 with a one year range of $33.13 to $45.24. ORCL shares are currently priced at 15.38x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.35x earnings multiple. The company pays shareholders $0.60 per share annually in dividends, yielding 1.51%. Consensus earnings for the current quarter by the 32 sell-side analysts covering the stock is an estimate of $0.82 per share, which would be $0.04 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $2.62 which would be a $0.15 worse than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $10.46 Billion. If reported, that would be a 2.33% decrease over the year-ago quarter. More recently, Northland Capital Initiated ORCL at Outperform (Apr 20, 2016). Previously, Macquarie Initiated ORCL at to Outperform. The average price target for ORCL shares by the analysts covering it is $43.97, which is 9.84% above where the stock opened. See more in (NYSE:ORCL) Similar Articles: Stock Update (NYSE:ORCL): Tech giant Oracle to buy Opower in $532M deal Company Update (NYSE:ORCL): Oracle Unveils Suite of Breakthrough Services to Help Simplify Cloud Adoption by Global Corporations Stock Update: Oracle Corporation (NYSE:ORCL) – Oracle Enhances Retail Suite, Adds New Retail Cloud Services to Largest Portfolio of Enterprise SaaS Applications