NEW YORK (TheStreet) -- Shares of Micros Systems (MCRS) are continuing to rise in after-hours trading, up 2.71% to $68.13, as Oracle (ORCL) is said to be nearing a deal to buy the company for more than $5 billion dollars, Bloomberg reports.
Shares of Micros Systems skyrocketed 14.94% to close at $66.33 on Tuesday.
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Separately, TheStreet Ratings team rates MICROS SYSTEMS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate MICROS SYSTEMS INC (MCRS) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."