Oracle's NYSE: ORCL stock has had a great two weeks and an impressive overall return in 2024. Shares are up 20% since Sept.
Could Oracle (ORCL) be this year's next big AI-fueled hypergrowth story?
Oracle's 1Q FY2025 earnings exceeded revenue and non-GAAP EPS estimates, with the company also providing a strong 2Q outlook driven by robust cloud demand and backlog growth. Its total RPO grew 53% YoY in 1Q FY2025, with 38% of current RPO, indicating a multi-year growth acceleration in revenue. The company is expected to achieve double-digit revenue growth in FY2025, indicating that its revenue growth momentum is accelerating.
Nvidia stock has slipped by about 7% over the past month. The stock still makes a solid long-term buy, but another tech sector player is cheaper and may have stronger momentum right now.
Jim Lebenthal, chief equity strategist at Cerity Partners, joins CNBC's 'Halftime Report' to explain why he's trimming these two tech names.
Oracle's latest results indicate that the company is getting a boost thanks to the growing demand for cloud AI services. The company's massive revenue pipeline explains why its growth is expected to accelerate.
Bill Baruch, founder and president Blue Line Capital, joins CNBC's “Halftime Report” to explain his latest portfolio moves.
Tech stocks have delivered remarkable returns in 2024, with investors regularly clamoring for exposure. One of those stocks in particular, Oracle ORCL, recently delivered quarterly results that caused shares to melt higher post-earnings.
Stefan Slowinski, Global Head of Software Research at BNP Paribas, believes Salesforce's Dreamforce event, despite its significance, won't significantly impact the stock due to ongoing uncertainty in its AI strategy and leadership changes.
Oracle (ORCL) shares will likely remain in focus on Tuesday after jumping more than 5% to a new record high yesterday following recent bullish coverage from several investment firms.
Oracle (ORCL) shares jumped to a record high on Monday, after a pair of investment firms commended the software giant's advancements and opportunities for growth in the cloud computing market.
Melius Research upgraded Oracle to a buy on accelerating revenue growth. Jefferies also raised its price target on Oracle.