Oppenheimer Comments on Management at Oracle

Oppenheimer has published a report on Oracle Corporation ORCL covering management's performance over the last ninety days. In the report, Oppenheimer wrote, "We reiterate our positive stance on ORCL following recent mgmt meetings. While the company did not break any new ground, they solidified our view that Oracle has several meaningful revenue growth drivers in front of it and continued margin expansion remains a top priority. We believe recent weakness in the stock is due to an overreaction from the weaker than expected 4Q hardware result and the fact Oracle is entering its seasonally weakest period. We would take advantage of this lull to build positions, as we believe Oracle remains extremely well positioned to take advantage of the ongoing shift to cloud-based computing (Exa product franchise, Fusion Apps, etc.) and should continue to gain enterprise wallet share in coming years." Oppenheimer rated Oracle an Outperform with a price target of $38.00. Oracle closed Friday at $30.58.