What's Going On With Oracle Stock?
Portfolio Pulse from Erica Kollmann
Oracle Corporation (NYSE:ORCL) is set to release its first-quarter earnings, with investors focusing on cloud service revenue amid AI demand and deals with OpenAI and Google. Analysts predict earnings of $1.32 per share on $13.23 billion revenue. Oracle stock has gained over 20% in the past year and is trading above its 50-day moving average. Investors can access Oracle through ETFs like Pacer Data And Digital Revolution ETF (NYSE:TRFK) and IShares Expanded Tech-Software Sector ETF (BATS:IGV).
September 09, 2024 | 5:13 pm
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IShares Expanded Tech-Software Sector ETF (BATS:IGV) includes Oracle, which is releasing its Q1 earnings. Oracle's results could impact IGV's performance.
IGV holds Oracle shares, and Oracle's earnings will influence IGV's performance. A positive earnings report from Oracle could lead to a short-term rise in IGV's price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Oracle is releasing its Q1 earnings, with a focus on cloud service revenue due to AI demand and partnerships with OpenAI and Google. Analysts expect $1.32 EPS on $13.23B revenue. The stock has gained over 20% in the last year.
Oracle's upcoming earnings report is crucial as it will reveal the impact of AI demand on its cloud services, a key growth area. Positive earnings could boost the stock, which has already seen a 20% increase over the past year.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Pacer Data And Digital Revolution ETF (NYSE:TRFK) provides exposure to Oracle, which is set to release its Q1 earnings. Oracle's performance could impact TRFK's value.
TRFK holds Oracle shares, so Oracle's earnings performance will likely affect TRFK's value. Positive results from Oracle could lead to a short-term increase in TRFK's price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 50