Friday, December 17, 2010

Oracle (NASDAQ:ORCL) Margins Look to Improve

Oracle (NASDAQ:ORCL) reported strong earnings again for the quarter, and looking forward, they appear to be ready to improve their margins even better, with products like Fusion Applications and Exalogic to be released soon.

EPS estimates were raised on Oracle by Jefferies (NYSE:JEF) for full year 2011 and full year 2012 from $1.97 and $2.25 to $2.08 and $2.32.

Oracle also sees themselves making inroads into Hewlett-Packard (NYSE:HPQ), giving them more forward momentum.

Oracle was trading at $31.96, up $1.69, or 5.58 percent, as of 11:49 AM EST. Jefferies bumped up their price target on them from $35 to $37, while reiterating their "Buy" rating.

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