Is It Too Late to Buy Oracle Stock?

Oracle (NYSE: ORCL) posted its latest earnings report on June 12. For the fourth quarter of fiscal 2023, which ended on May 31, the enterprise software company's revenue rose 17% year over year (18% in constant currency terms) to $13.8 billion and exceeded analysts' expectations by $110 million. Its adjusted earnings per share (EPS) grew 8% to $1.67 and cleared the consensus forecast by $0.09.

For the full year, Oracle's revenue rose 18% (22% in constant currency terms) to $50 billion as its adjusted EPS grew 4% to $5.12. Its top line growth was significantly boosted by its acquisition of the healthcare IT company Cerner last June.

Those growth rates look healthy, but its stock has already rallied more than 70% over the past 12 months and is trading near its all-time highs. Is it too late for investors who missed out on that rally to buy the stock today? 

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Source Fool.com