Oracle stock powers higher after 'watershed' earnings show company is a software standout

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 60 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 97%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Oracle has analysts gushing in the wake of an earnings report that showed the company is capitalizing on the AI boom and gaining ground in the cloud.

Oracle Corp. has Wall Street analysts on cloud nine in the wake of an earnings report that showed the company is capitalizing on the artificial-intelligence boom and gaining ground with its cloud-infrastructure offering.

TD Cowen analyst Derrick Wood noted that Oracle ORCL scaled its Oracle Cloud Infrastructure business, which helps companies run workloads, to a recent milestone of $5 billion in annualized revenue within seven years from starting it off, and he now calculates it will take only seven quarters for the company to double that amount.

“Oracle delivered a strong quarter, and had one of the best revenue mixes we’ve seen from Cloud transition companies recently, in line with our thesis that it should be the top pick for a recession,” he wrote. “Oracle beat where it matters most and guided to a strong Q1 while many of its peers have recently 1) had licenses outperform Cloud and 2) come out with weaker than expected updated guides in the face of macro and business issues.

“With inflation and an economic slowdown/recession in tow, in our view Oracle is one of the best investments, and this quarter continued to demonstrate how valuable the company is and how strong it will be exiting the slowdown,” he wrote.Mizuho’s Siti Panigrahi titled his note to clients, “Cloud on AI Steroids,” as his boosted his price target to $150 from $116 and kept a buy rating.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 3. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Oracle’s stock picks up an upgrade, and it’s about more than just earningsOracle Corp. could emerge as yet another beneficiary of the artificial-intelligence mania, according to a new bull.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »

Oracle stock rises on upbeat outlook, while Apple shares slip and other stocks on the moveHere are some of the biggest movers in Tuesday's trading action.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »

Stocks making the biggest moves before the bell: Nasdaq, Illumina, Oracle, Carnival & moreThese are the stocks posting the largest moves in premarket trading.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »