News Formal

Oracle stock gets upgraded as company beats on earnings. Here's what the pros have to say

  • 📰 CNBC
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Pros on CNBC discussed what they think about Oracle as the stock hit an all-time high after fiscal fourth-quarter beats on the top and bottom line.

Market Movers rounded up the best reactions from investors and analysts on Oracle . The experts, including Jim Cramer , discussed the tech name after the stock hit a new all-time high during Tuesday's session. Oracle posted earnings beats in its fiscal fourth-quarter financial results Monday.

The company's top source of revenue came from cloud services and license support, which rose 23% to $9.37 billion. At one point, shares gained more than 2%, but later curtailed gains to close 0.2% higher. Additionally, Goldman Sachs upgraded Oracle to neutral from sell saying the company is "amongst the longest standing software companies in the market."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: MarketWatch - 🏆 3. / 97 Read more »

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.
Source: MarketWatch - 🏆 3. / 97 Read more »