返回信息流Oracle Seen With Strong Q1 Results
Scott Reeves, 09.15.06, 6:07 PM ET
Look for a solid fiscal first quarter when Oracle reports Tuesday after the market close, but long-term strength will be needed to produce another pop at current levels, according to a Banc of America analyst.
Oracle (nasdaq: ORCL - news - people ) is likely to deliver revenues in-line with estimates, said the research firm, but activity in the applications sector may be up over a year ago levels and could generate a modest rise in the stock.
"The move in the stock over the past few weeks could cap some of the upside potential should Oracle deliver solid, but unspectacular first quarter results," Kirk Materne, an analyst at Banc of America, said in a research report. "However, we would continue to overweight the stock as we believe the momentum in its new offerings, pick up in activity around applications and potential for some margin lift in fiscal year 2007 continue to make the risk/reward attractive at current levels for those with patience."
Banc of America restated its "buy" rating for the stock and maintained its $18 price target.
Oracle develops a range of software tools to manage data, support business operations and make collaboration more productive. It acquired PeopleSoft in 2005 and Siebel Systems a year later.
Competitors include IBM (nyse: IBM - news - people ), Microsoft (nasdaq: MSFT - news - people ) and SAP (nyse: SAP - news - people ).
Oracle's stock recently traded at $16.26, down 21 cents or 1.28%. The 52-week range is $11.74 to $16.49.
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[Forbes News] Oracle Seen With Strong Q1 Results
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