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Oracle (ORCL +1.5%) makes new 52-week highs after receiving an upgrade to Outperform from BMO's...

  • Friday, February 1, 11:19 AM ET
    Oracle (ORCL +1.5%) makes new 52-week highs after receiving an upgrade to Outperform from BMO's Karl Keirstad, who cites improving top-line growth. "Enterprise data software spending is improving after a rough 2012," he argues - recent earnings reports back this up to an extent - and Exadata system sales have grown to the point where they'll "have a discernible impact" on 2013 growth. Keirstad also sees further room for margin improvement.
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    Glad to see some analysts waking up to what Oracle management has been signalling (outright stating, actually)--that the fast-growth in the exa-line will cause a crossover in hardware sales this FY as the low-margin commodity hardware (which is in decline) becomes a smaller component of total hardware sales, while the higher-margin high-growth exa products become a larger component.
    1 Feb, 11:44 AM Reply Like
  •  
    On April 13, 2011 Oracle climbed back to its Oct 30, 2000 all time high. Then for the past year and a half consolidated. Perhaps more important than the 52 week high mentioned in this article is that this week Oracle is again reaching all time highs. It remains to be seen if this will be a break-out, but if it does Oracle could go considerably higher.
    1 Feb, 03:57 PM Reply Like
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