Market Update (NYSE:ORCL): Oracle Loses to Google in Lawsuit Over Java Use

[at Investopedia] – The six-year legal battle between enterprise software provider Oracle (NYSE: ORCL) and Alphabet’s (NASDAQ: GOOGL) (NASDAQ: GOOG) Google, creator of the Android operation system, over the use of 37 Java … Read more on this. Oracle Corporation (ORCL) , with a current market cap of $166.28B, opened at $39.83. Looking at the stock, its one day range is $39.80 to $40.08 and has traded between $33.13 and $45.24 over the past year. Priced at 15.25x this year’s forecasted earnings, ORCL shares are relatively expensive compared to the industry’s 8.28x forward p/e ratio. The company pays shareholders $0.60 per share annually in dividends, yielding 1.53%. In a review of the consensus earnings estimate this quarter, 32 sell-side analysts are looking at $0.82 per share, which would be $0.04 better than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.62 is a $0.15 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $10.47 Billion. If realized, that would be a 2.24% decrease over the year-ago quarter. Recently, Northland Capital Initiated ORCL at Outperform (Apr 20, 2016). Previously, Macquarie Initiated ORCL at to Outperform. The average price target for ORCL shares by the analysts covering it is $43.86, which is 10.12% above where the stock opened. See more in (NYSE:ORCL) Similar Articles: Market Update (NYSE:ORCL): Google beats Oracle in landmark case involving use of Java APIs in Android Company Update: Oracle Corporation (NYSE:ORCL) – Schmidt Dons Sun Hat to Shield Google at Oracle-Java Trial Company Update (NYSE:ORCL): Oracle Seeks $9.3 Bil From Google Over Java Use; Trial Nears