Paul Meeks looks at Oracle (ORCL) ahead of the company's earnings report. He expects them to continue to show momentum as it plays a central role in the A.I.
ORCL's NetSuite ERP drives double-digit SaaS growth, boosting cloud revenue momentum and positioning the company for stronger long-term demand.
Cloud computing giant Oracle is laying off 101 employees in Seattle, less than a month after reducing its local workforce.
Oracle is laying off more workers in Washington state. The cloud and database giant is laying off 101 employees in Seattle, according to a new filing with the Washington state Employment Security Department. This follows a separate filing from Aug. 13 which indicated that Oracle was laying off 161 workers as part of broader cuts across the company's operations. We've contacted the company about the latest cuts and will update this post if we hear back. Posts on Linkedin on Tuesday show Oracle engineers, salespeople, and others impacted by layoffs.
Last week, Oracle stock (NYSE: ORCL) fell 5%, aligning with a broader pullback in several AI-related names. The decline was driven by worries about a potential bubble in the space, especially given the substantial capital spending underway.
ORCL's cloud revenues surge, fueled by AI demand and multi-cloud expansion, with management eyeing 40% growth in fiscal 2026.
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Oracle Corporation's heavy investments in AI and data centers have increased debt, but I believe these will drive future revenue and margin growth. Strong competitive advantages stem from high customer switching costs, strategic acquisitions, and partnerships with Nvidia and Advanced Micro Devices. Oracle's global workforce and focus on R&D position it well for innovation and cost efficiency in the cloud and AI markets.
Cisco Systems and Oracle America have decided to embark on fresh rounds of layoffs that will eliminate a combined 300-plus jobs in the Bay Area, the tech titans disclosed in WARN notices they sent to the state's labor agency.
Oracle stock has jumped 40% year to date on AI-infrastructure optimism, yet stretched valuations and structural challenges leave meaningful downside risk. At 12x trailing revenues—nearly twice its four-year average—the shares face several headwinds that could catalyze a sharp pullback.
Oracle (ORCL) reached $234.62 at the closing of the latest trading day, reflecting a -5.8% change compared to its last close.