NEW YORK (TheStreet) -- Shares of computer technology company Oracle Corp. (ORCL) continued to rise, up more than 1.5% on Friday to a 52-week high of $46.08, after the company reported better-than-expected second-quarter earnings earlier this week.
The company reported adjusted earnings of 69 cents a share on revenue of $9.6 billion. Analysts had expected adjusted earnings of 68 cents a share on revenue of $9.5 billion, according to Bloomberg.
Oracle expects profit in the range of 65 cents to 70 cents for the third quarter and anticipates revenue would be flat to 4% higher year-over-year. Analysts expect profit of 73 cents and a revenue increase of 4% to $9.68 billion.
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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 revenue growth, reasonable valuation levels, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow."