Oracle's fiscal Q1 results were bolstered by a jump in cloud revenue. However, it is losing a big customer and earnings were boosted by an accounting change.
Oracle shares got a big bump after Monday's earnings and look set to rise nicely again, as the company blew estimates out of the water with its fiscal 2029 outlook
Oracle now sees at least $66 billion in fiscal 2026 revenue, around $1.5 billion more than analysts had expected. Capital spending also will increase.
The database king held an event for professional analysts. At least one of those pundits was sufficiently encouraged to reiterate his buy recommendation on the stock.
Oracle late Thursday posted an upbeat revenue forecast, capping a positive week. Shares jumped in after-hours trading.
AMZN's retail segment faces growth and profit uncertainties. However, its recently announced partnership with Oracle highlights AWS' leading position and AI opportunities. Its AWS segment features far higher margin than retail (~35% vs. ~4.5% in my estimate).
If you are an investor in database and cloud computing major Oracle and have benefited from the stock's 11% jump on Tuesday following better-than-expected Q1 FY'25 earnings, it may be time to look elsewhere. As of this moment, we find that Fiserv - a financial technology company - and Barrick Gold - a major gold and copper mining company - appear to be more attractive than Oracle stock.
AI chip stocks have pulled back a lot over the summer. Is this a healthy pullback, or the start of a bubble bursting?
Oracle Corporation's FY Q1 performance and 21% YoY cloud revenue growth underscore its strong momentum in AI and cloud infrastructure, making it a strong buy. Oracle's cloud services, particularly in AI, are crucial to companies like OpenAI, AWS, and Google Cloud, highlighting its foundational role in AI development. The company's strategic partnerships and expanding database market position Oracle as essential for future AI projects, with immense upside potential.
Oracle shares soared 11% on Tuesday and rose again on Wednesday to another record, following the company's better-than-expected earnings report. Among large-cap tech stocks, Oracle is now behind only chipmaker Nvidia this year.
Investors seeking to tap Oracle's strength post earnings should consider ETFs having the largest exposure to this software giant.
Does Oracle (ORCL) have what it takes to be a top stock pick for momentum investors? Let's find out.