Why Shares of Oracle Have Soared 32% So Far This Year
Shares of database giant Oracle (NYSE: ORCL) have soared 31.7% since the beginning of the year, according to data provided by S&P Global Market Intelligence. The gain was driven by two solid quarterly reports featuring revenue, earnings, and cloud growth. Oracle announced its second-generation cloud infrastructure offering late last year in an effort to compete directly against Amazon Web Services (AWS).
Oracle's fiscal third-quarter report in March led to a jump in the stock price, and its fourth-quarter report provided an encore. Total revenue grew by 2% year over year during the third quarter, and by 3% during the fourth quarter. Software-license and hardware sales declined in both cases, but that weakness was more than offset by strong cloud growth.
Image source: Getty Images.
Source: Fool.com
Oracle Corp. Aktie
Die Oracle Corp. Aktie in der Gunst der Community: Nur Buy-Einschätzungen, keine Sell-Einschätzungen.
Das Kursziel von 139 € für Oracle Corp. zeigt eine leichte Steigerung gegenüber dem aktuellen Kurs von 124.68 € an.
