Investment analysts at Jefferies Group boosted their price objective on shares of Oracle (NASDAQ:ORCL) from $36.00 to $37.00 in a note issued to investors on Wednesday, Analyst Ratings Net reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target indicates a potential downside of 3.57% from the stock’s previous close. The analysts noted that the move was a valuation call. Oracle Corporation (NYSE:ORCL) shares after opening at $38.70 on last trade day and at the end of the day closed at $37.50. Company price to sales ratio in past twelve months was calculated as 4.53 and price to cash ratio as 4.60. Oracle Corporation (NYSE:ORCL) showed a negative weekly performance of -0.27%.
Reports of BlackBerry Ltd (NASDAQ:BBRY)’s potential ouster from the Obama White House may have been greatly exaggerated. As we reported this morning on Silicon Beat, The Wall Street Journal cited an unidentified insider who said the White House’s internal technology team and the White House Communications Agency — a military unit in charge of Obama’s communications — had a pilot program to test smartphones supplied from Samsung and LG. BlackBerry Ltd (NASDAQ:BBRY) shares moved down -2.55% in last trading session and was closed at $9.18, while trading in range of $9.13 – $9.67. BlackBerry Ltd (NASDAQ:BBRY) year to date (YTD) performance is 23.39%.
Apple Inc. (NASDAQ:AAPL)’s iTunes Radio could be just the start of the company’s streaming music plans. According to Billboard, Apple is mulling an on-demand streaming service that would let people listen to particular tracks without buying them, all as part of a subscription the likes of Spotify. Citing sources, Billboard adds that the company is also considering the creation of an iTunes app for Android phones, something that would mark a dramatic departure to the way Apple’s developed its mobile software for the past six years. Apple Inc. (NASDAQ:AAPL) shares advanced 0.79% in last trading session and ended the day on $532.87. AAPL return on equity ratio is recorded as 28.90% and its return on assets is 17.90%. Apple Inc. (NASDAQ:AAPL) yearly performance is 20.68%.
The Enterprise division of Alcatel Lucent SA (ADR) (NYSE:ALU) is introducing a new range of Premium DeskPhones that confirm communication continues to be at the center of the work process. Alcatel Lucent SA (ADR) (NYSE:ALU) weekly performance is 0.78%. On last trading day company shares ended up $3.87. Alcatel Lucent SA (ADR) (NYSE:ALU) distance from 50-day simple moving average (SMA50) is -7.11%. Analysts mean target price for the company is $5.14.
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