Looking Ahead Of Wall Street: Arrowhead Research Corp, Oracle Corporation, And BlackBerry Ltd.

Holiday shopping and festivities are in full swing, but several companies are slated to report earnings this week ahead of the holidays. Here’s what to watch for in reports from Arrowhead Research Corp (NASDAQ: ARWR), Oracle Corporation (NYSE: ORCL), and BlackBerry Ltd (NASDAQ: BBRY):

Arrowhead Research Corp is set to release its Q4 2015 earnings on Monday, December 14 after market close. For this quarter, analysts estimate revenues of $0.15 million compared to last quarter’s revenue of $0.1 million, and a loss of ($0.39) per share, compared to last quarter’s loss of ($0.27) per share. One main highlight from this past quarter was the release of positive data regarding ARC-520, a drug developed to treat Hepatitis B. During clinical trials, the company reported that the drug reduced HBV’s viral antigens in the DNA of chimpanzees. According to the company, “These data strongly support advancement of ARC-520, and Arrowhead has initiated multiple studies aimed at producing a functional cure of HBV.”

According to TipRanks’ statistics, 2 analysts have rated ARWR in the last 3 months with a Buy rating. The average 12-month price target for the stock is $17.50, marking a 210% upside from where shares last closed.

ARWR Consensus

Oracle Corporation is set to report its Q2 2016 earnings on Wednesday, December 16 after market close. Analysts expect non-GAAP revenues of $9.1 billion for this quarter, compared to last quarter’s non-GAAP revenues of $8.45 billion. Furthermore, analysts estimate non-GAAP earnings of $0.61 per share, compared to last quarter’s non-GAAP earnings of $0.53 per share. The company has been in the news this quarter due to its court case with Google over its Java platform, though analysts are more interested in the company’s recent gains in the cloud industry.

Analyst Heather Bellini of Goldman Sachs believes Oracle’s cloud computing profits will increase this quarter due to old contracts expiring. She states, “It is understandable that investors have concerns around ORCL’s ability to meet its FY16 cloud revenue target given the steep ramp required. That said, there is a unique dynamic at play here with promotional periods ending on deals signed 6-18 months ago which we believe will help to drive a cloud revenue acceleration in F2H16.”

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