What Analysts Want To See When Oracle Reports Quarterly Earnings [Investor's Business Daily]
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Source: Investors Business Daily
Related news Oracle ( ORCL ) is set to report quarterly earnings after the market close Monday, with analysts increasingly anxious to see if the database software giant can provide a more optimistic report on its cloud-computing transition. X "We want to see more walk and less talk from the company, and based on our conversations with investors, we think the buy-side does, too," Nomura analyst Christopher Eberle said in a report to clients. "Investor frustration has manifested itself via increased short interest and underweight positioning by mutual fund managers, leaving Oracle as the only name in our large-cap universe with negative share performance year-to-date," he said. Oracle stock was near 47, down 0.5%, during morning trading on the stock market today. That's about where Oracle stock was trading at the start of this year. Eberle has a buy rating on Oracle stock and price target of 53. Analysts predict adjusted earnings of 78 cents per share, up 11% from the year-ag
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