Why Oracle Stock Is Soaring Today

Despite quarterly results that missed Wall Street's expectations, investors are bullish about Oracle stock.Oracle (ORCL 13.11%) stock is surging in Wednesday's trading. The company's share price was up 12.1% as of 1:45 p.m. ET, according to data from S&P Global Market Intelligence.After the market closed yesterday, Oracle reported results for the fourth quarter of its last fiscal year -- a period that ended May 31. Both sales and earnings for the period came in below Wall Street's expectations, but the comp ...