Oracle's post-earnings slide is 'one of the greatest overreactions' Cramer has seen. Here’s his advice on the stock

📆 12/09/2023 22:22:00
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The post-earnings sell-off in Oracle (ORCL) is overdone and a clear-cut buying opportunity, Jim Cramer said Tuesday.

Shares of the Club holding tumbled more than 12% Tuesday after the business software maker reported mixed fiscal first-quarter results Monday . Oracle's earnings-per-share topped expectations in the three months ended Aug. 31, but revenues came up slightly short. Management's sales growth guidance for the current quarter also was light.

Safra Catz, CEO of Oracle Corporation, rings the opening bell at the New York Stock Exchange in New York City, U.S., July 12, 2023.

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