Oracle reported a strong quarter, surpassing revenue and earnings per share expectations driven by accelerating cloud infrastructure growth and strong AI demand. Despite a 770 basis point year-over-year gross margin decline and negative free cash flow, these are seen as temporary due to capital expenditure not rising with $30 billion in new cloud bookings. The analyst maintains a Strong Buy rating and raises the price target to $215, suggesting a 40% upside. Key upcoming catalyst is the October 28 investor day, where new AI technologies will be introduced to boost adoption and efficiency further.
Oracle founder Larry Ellison has set up a trading plan allowing him to sell up to 50 million shares, worth about $7.5 billion, by October 24. This is unusual as Ellison has rarely sold large amounts of Oracle stock before, holding over 40% of the com...
Stocks rebounded on Friday as oil prices fell, helping major indexes recover after several down sessions. Jim Cramer highlighted that the upcoming Federal Reserve meeting will be crucial, with investors watching how Treasury yields react to a potenti...
Oracle reported strong growth in its cloud business and raised its revenue outlook, but overall revenue growth was minimal due to a sharp decline in on-premises software sales. The company's shift from high-margin software to capital-intensive cloud ...
Oracle reported strong Q1 FY2027 results with 29.61% revenue growth and a $664 billion backlog, driven by a surge in AI cloud contracts. Despite a 20.77% year-to-date stock decline, analysts see nearly 50% upside as Oracle's cloud infrastructure util...
Oracle reported a strong fiscal quarter with over $30 billion in new AI cloud contracts and a $664 billion backlog, reducing reliance on a single customer, OpenAI. Cloud infrastructure revenue surged 121%, and total revenue rose nearly 30%, beating e...
