NEW YORK (TheStreet) -- Shares of Oracle (ORCL) are higher by 0.46% to $41.30 in late morning trading Tuesday, one day ahead of its scheduled fiscal second quarter earnings report on Wednesday after the market close.
Analysts expect the software maker to post earnings of 68 cents a share on $9.52 billion in revenue for the period.
In the same quarter a year ago, Oracle reported earnings of 69 cents per share on revenue of $9.28 billion.
Yesterday, analysts at Morgan Stanley upgraded shares of Oracle to to "overweight" from "equal weight" with a higher price target of $50 from $45, citing the combination of "improving results in secularly important portions of the business against very low expectations and weak sentiment."
Morgan Stanley noted that the upgrade is not a call on Oracle's second quarter earnings, and does not claim to have any real visibility into quarterly results.
Redwood City, CA-based Oracle is a provider of enterprise software and computer hardware products and services.
Separately, TheStreet Ratings team rates ORACLE CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate ORACLE CORP (ORCL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, reasonable valuation levels, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income."