Oracle (ORCL) is set to report earnings for the fourth quarter of fiscal 2024 after the bell on Tuesday, with investors watching for cloud infrastructure growth and strategy updates about sovereign artificial intelligence (AI).
Oracle's (ORCL) fourth-quarter results are likely to reflect its progress in driving cloud adoption, leveraging strategic partnerships and delivering innovative AI solutions amid stiff competition.
Oracle stock surged on March 12 the last time the software giant reported earnings. Oracle bulls are hoping for a similar reaction Tuesday.
Oracle Corp (NYSE:ORCL, ETR:ORC) is expected to report higher sales but a modest decline in profits for the fiscal fourth quarter when it hands down its latest quarterly results after the stock market closes on Tuesday, June 11. The cloud services provider is expected to report a 5.2% increase in sales to $14.56 billion from $13.84 billion in the year-ago quarter.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Oracle (ORCL), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended May 2024.
Oracle (NYSE: ORCL) stock has gained 14% YTD as compared to the 11% rise in the S&P 500 index. Notable, its peer Salesforce (NYSE: CRM) stock was up 10% over the same period.
Oracle's (ORCL) portfolio of offerings and increased adoption in the healthcare sector are expected to aid top-line growth in the near term.
Oracle (ORCL) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
As the month of June kicks off, there are several S&P 500 stocks to buy that showcase a promising future. With market sentiment shifting in response to global events, inflation data and Federal Reserve policies, investors remain keen to identify stocks with substantial growth potential.
Semiconductor stocks are outperforming software companies amid an AI arms race, leaving some SaaS firms attractively priced. Ahead of earnings next week, I am upgrading shares of Oracle from a hold to a buy, but its SaaS figures and margins will be key to watch. ORCL sports solid free cash flow and low-20s earnings multiple while its chart continues to consolidate.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
In the latest trading session, Oracle (ORCL) closed at $119.28, marking a +1.78% move from the previous day.