Buy RIM and Oracle Ahead of Earnings: Tech Analyst
Tech giants Research In Motion and Oracle are slated to report earnings after the bell Thursday. Matthew Thornton, telecom equipment analyst at Avian Securities, and Brian Marshall, senior analyst at Gleacher & Company, discussed their insights.
“Our analysts are positive on both names, and I think numbers are going to be solid for both companies tonight,” Marshall told CNBC.
In addition, Marshall expects to see a fourth-quarter corporate budget flush, which will ultimately lift the tech stocks going forward.
Marshall’s firm has a “buy” rating on both Oracle and RIM .
In the meantime, Thornton said BlackBerry maker RIM continues to be a big player in the smartphone sector—but may stay sideways for a while.
“[But] job growth has been fairly tepid, so I don’t think you’re going to see a big uptick from RIM, driven by the enterprise side of things,” he warned.
Scorecard—What They Said:
- Marshall's Previous Appearance on CNBC (Sept. 1, 2010)
- Thornton's Previous Appearance on CNBC (Jun. 24,2010)
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CNBC Data Pages:
Major Earnings Next Week:
No immediate information was available for Marshall or Thornton.