Loading...Loading...Oracle Corp ORCL shares were climbing on Wednesday after the company reported its quarterly results.The results came amid an exciting earnings season. Here are some key analyst takeaways.Piper Sandler On OracleAnalyst Brent Bracelin maintained an Overweight rating, while raising the price target from $140 to $150.Oracle's reported quarterly revenue miss of $242 million "takes a back seat to leading indicators like RPO metrics," given its backlog strength, especially the new contract sign ...

Key TakeawaysOracle shares rose to a record high Wednesday after the company announced cloud infrastructure deals with Microsoft, OpenAI, and Google, despite an earning miss.Analysts called Oracle's bookings growth on artificial intelligence demand "impressive" and cited higher remaining performance obligations as a good sign for Oracle.However, they also voiced concerns about Oracle's weak earnings results and rising capital expenditures to close the gap between supply and demand.Jefferies analysts noted t ...

Oracle (ORCL) reported weak fourth-quarter fiscal 2024 results, missing both earnings and revenue estimates. However, its shares rose more than 9% in after-hour market trading on strong booking and solid revenue outlook for fiscal 2025, indicating robust demand for its AI-powered cloud services.Investors seeking to tap the strength should consider ETFs having the largest exposure to this software giant. These include Pacer Data and Digital Revolution ETF (TRFK) , iShares Expanded Tech-Software Sector ETF (I ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Oracle (ORCL) has expanded its partner base by collaborating with key companies like Microsoft (MSFT) and Alphabet (GOOGL) . These key partnerships are expected to boost the company’s cloud services and license revenues in the upcoming quarters.The Zacks Consensus Estimate for ORCL’s fiscal 2024 cloud services and license revenues is pegged at $47.81 billion, indicating year-over-year growth of 35.4%. The Zacks Consensus Estimate for 2024 earnings is pegged at $5.58 per share, indicating year-over-year grow ...

Oracle chairman of the board and chief technology officer Larry Ellison delivers a keynote address during the 2019 Oracle OpenWorld on September 16, 2019 in San Francisco, California.Oracle shares jumped more than 10% on Wednesday, a day after the software company announced its fourth-quarter results and cloud deals with Microsoft-backed OpenAI and Google.The company reported $14.29 billion in revenue for the quarter, up 3% year over year and shy of the $14.55 billion expected by analysts according to LSEG. ...

Oracle (NYSE:ORCL) stock is trending on social media and across headlines this morning after reporting weaker-than-expected financial results. However, positive comments about Oracle’s artificial intelligence (AI) related business and upbeat guidance have investors excited.Alongside quarterly results, Oracle disclosed new cloud infrastructure deals with Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and OpenAI. Now, ORCL stock is advancing more than 10% as of this writing.Oracle’s Quarterly Results Miss ExpectationsO ...

Oracle is building many new data centers powered by Nvidia AI chips.In today's video, I discuss recent updates impacting Nvidia (NVDA 4.12%) and Oracle (ORCL 11.40%). Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were the after-market prices of June 11, 2024. The video was published on June 11, 2024. ...

Oracle (ORCL) reported fourth-quarter fiscal 2024 non-GAAP earnings of $1.63 per share, which missed the Zacks Consensus Estimate by 1.83% and declined 2.4% year over year. At constant currency (cc), earnings decreased 1% year over year.Revenues rose 3.3% (up 4% at cc) year over year to $14.28 billion but missed the Zacks Consensus Estimate by 0.61%.Shares of ORCL gained more than 9% in extended trading after the company gave upbeat guidance and announced cloud partnerships with OpenAI and Alphabet (GOOGL) ...

Shares of Oracle Corp (NYSE:ORCL) are up 12.3% to trade at $139.10, and earlier hit a record high of $139.90. Oracle is brushing off worse-than-expected fourth-quarter results after the company issue an upbeat revenue forecast for 2025 due to strong demand for its artificial intelligence-based cloud services. The tech concern also announced a new  partnership with ChatGPT parent OpenAI and Alphabet's (GOOGL) Google Cloud, which will extend is cloud capacity.No fewer than 12 analysts hiked their price target ...