Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

RBC Capital Upgrades Oracle to 'Outperform'

RBC Capital upgraded Oracle (ORCL) to outperform from sector perform.

Analyst Cameron Steele says despite the IT recession, he believes Oracle remains a franchise vendor in the enterprise software market, with improving product and operational characteristics, coupled with low investor expectations. He says he's encouraged by the company's wholesale upgrade of products, its improving go-to-market strategy, continuing strong operating results, and favorable valuation, all despite an extremely tough demand environment for capital expenditures. To reflect more conservatism, Steele trimmed $0.13 fourth quarter EPS estimate to $0.12, $0.45 fiscal 2003 (May) to $0.42. He trimmed the $18 12-month target to $15.

blog comments powered by Disqus