Oracle: Jefferies maintains buy rating after results

(CercleFinance.com) - This Thursday, an analyst at Jefferies confirms a "buy" rating on the Oracle share, hailing quarterly results that exceed estimates.


The broker says, "We highlight that the infrastructure segment grew at 7% cc, the highest growth it has seen in 4Y. We believe that ORCL could be seeing the early signs of a multi-year product cycle, driven by 12c R2, which is now available across Cloud and on premise environments. We expect the 12c R2 product cycle to help drive mid-single digit revenue growth and double-digit cash flow growth for years."

Meanwhile, Jefferies confirms its target price of 66 dollars for the share.


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