Time to Buy the Rally in Oracle's (ORCL) Stock After Earnings?
Oracle(ORCL) ZACKS·2024-09-10 21:06
Oracle (ORCL) shares have soared over +10% in today’s trading session after the cloud provider was able to exceed top and bottom line expectations for its fiscal first quarter on Monday evening.As one of the top-performing tech stocks this year, ORCL has risen nearly +50% YTD and investors may be wondering if they should buy into the post-earnings rally.Image Source: Zacks Investment ResearchOracle’s Q1 ResultsCloud infrastructure revenue growth was the main catalyst for Oracle’s strong Q1 results. This in ...