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Zacks Analyst Blog Highlights: Oracle Corp., SAP AG, Sun Microsystems, International Business Machines Corporation and Microsoft Corporation

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December 21, 2009 | Comment(s): 0
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ORCL | SAP | JAVA | IBM | MSFT

For Immediate Release

Chicago, IL – December 21, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Oracle Corp. (ORCL - Analyst Report), SAP AG (SAP - Analyst Report), Sun Microsystems (JAVA), International Business Machines Corporation (IBM - Analyst Report) and Microsoft Corporation (MSFT - Analyst Report).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Friday’s Analyst Blog:

Oracle Impresses the Market

Oracle Corp. (ORCL - Analyst Report) rose 4.02% after market yesterday following the company’s second-quarter of fiscal 2010 earnings announcement.

The market reacted positively to the company’s better-than-expected earnings and growing market share. The company said that for the fourth consecutive quarter, it captured market share from SAP AG (SAP - Analyst Report). Moreover, positive expectations regarding the European Commission’s approval of the $7.4 billion Sun Microsystems (JAVA) acquisition in January also boosted the company’s share price.

For the third quarter, Oracle expects earnings to range between 26 and 28 cents a share, with non-GAAP earnings per share ranging between 36 and 38 cents a share. This surpassed the Zacks Consensus Estimate of 35 cents.

Total revenue is expected to rise between 3% and 6% in the third quarter, at the current exchange rates. The guidance assumes a non-GAAP tax rate of 28% versus 26.6% last year. The guidance does not include the impact of the Sun acquisition. Upon closing, the acquisition is expected to contribute $1.5 billion in non-GAAP operating income.

Oracle’s results and guidance demonstrate that enterprise spending is on the mend. We are highly positive on the company’s longer term growth prospects and believe that the Sun acquisition will further boost shares. We believe the investors will benefit from the company’s growing software business over the long term.

However, competition is expected to remain intense, as Oracle has strong competitors in the form of International Business Machines Corporation (IBM - Analyst Report) and Microsoft Corporation (MSFT - Analyst Report).

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About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Contact:
Mark Vickery
Web Content Editor
312-265-9380
Visit: www.zacks.com

 

 

Read the full analyst report on ORCL

Read the full analyst report on SAP

Read the full analyst report on JAVA

Read the full analyst report on IBM

Read the full analyst report on MSFT

 

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