From Standard & Poor’s Equity Research
MORGAN KEEGAN RAISES ESTIMATE FOR RESEARCH IN MOTION
Morgan Keegan analyst Tavis McCourt says Research In Motion’sitting (RIMM) third quarter results were at high end of pre-released ranges, with revenues rising 66% year-over-year to $2.78 billion, $0.83 non-GAAP EPS.
McCourt says fourth quarter guidance is slightly better than he anticipated by EPS at $0.87 (midpoint) forward much higher revenue growth, albeit by a great deal of lower gross margins than expected.
He raises $3.25 fiscal year fiscal year 2009 (February) operating EPS estimate to $3.37 to reflect higher-than-expected third quarter and increased fourth quarter estimate; he keeps $3.61 financial year 2010 look forward to. He notes RIMM trades (pre-open) at 11 epochs forward p-e as the company expects to expand EPS, take allotment, and begins a product upgrade cycle. He keeps outperform opinion in succession the stock.
PACIFIC CREST KEEPS OUTPERFORM ON ORACLE
Pacific Crest analyst Brendan Barnicle says Oracle’s (ORCL) second quarter maintenance revenue is adversely affected through forex; being of the class who a result, maintenance revenue down sequentially, no more than up 21% on constant-currency basis.
Barnicle finds the company’s third quarter guidance credible, but he’s vexation a more conservative approach to the fourth locality. He cuts $1.49 fiscal year 2009 (May) EPS estimate to $1.45, $1.67 fiscal year 2010 to $1.66.
He says despite the tremendously challenging economic and currency environments and results, guidance is largely in line through estimates. He says very lately that the risk of its second quarter is behind us, ORCL seems in the same manner as one of best stocks in software. He has a $30 12-month price target.
Original text: http://www.businessweek.com/investor/content/dec2008/pi20081219_529840.htm?campaign_id=rss_null
