Oracle Q4 Preview: 73% Datapoints Are Positive, Says This Analyst
Portfolio Pulse from Priya Nigam
Oracle Corp (NYSE:ORCL) is set to report its Q4 results, with 73% of datapoints being positive according to JMP Securities. Analyst Patrick Walravens maintained a Market Perform rating, highlighting the importance of Oracle's Cloud Infrastructure. Oracle's Gen2 Infrastructure Services saw a 52% YoY revenue increase last quarter. The stock has risen 18% YTD.
June 11, 2024 | 2:48 pm
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Oracle is expected to report its Q4 results with 73% positive datapoints. Analyst Patrick Walravens maintained a Market Perform rating, emphasizing the importance of Oracle's Cloud Infrastructure. The company's Gen2 Infrastructure Services saw a 52% YoY revenue increase last quarter. Oracle's stock has risen 18% YTD.
The positive datapoints and strong performance in Oracle's Cloud Infrastructure suggest a favorable earnings report. The stock's 18% YTD rise indicates strong market confidence, likely leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100