Cantor Maintains Buy on Oracle Ahead of 4Q14 Results

Cantor analyst Brian White came out today with his views on Oracle Corporation (NYSE:ORCL), as the company is scheduled to report its 3Q:FY15 results tomorrow, with a conference call at 5:00 PM ET. The analyst rates the stock a Buy with a $48 price target, which represents a potential upside of 12% from where the stock is currently trading.

White noted, “Given further weakness across major currencies (e.g., euro, Japanese yen) since Oracle reported 2Q:FY15 results in December, we expect the company to feel this FX impact. That said, we anticipate another strong performance from Oracle’s cloud business and we believe the 12c upgrade cycle provides a healthy tailwind for FY:16.”

Furthermore, “In recent years, Oracle has grown EPS at a faster clip per annum than the S&P 500 Index. Also, the company is expanding its reach within the IT world, positioning itself well for the cloud, leveraging its portfolio for the Big Data trend, gaining market share in the hardware world with its Engineered Systems family, and delivering major innovations around the Oracle Database 12c.”

According to, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Brian White has a total average return of 18.0% and a 66.7% success rate. White has a 4.0% average return when recommending ORCL, and is ranked #35 out of 3516 analysts.

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