Oracle Q2: Great Cloud Performance, But Valuation Is A Little Stretched
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Oracle's Q2 results missed estimates, causing an 8% share drop. Despite strong cloud demand and partnerships, valuation concerns led to a downgrade to hold. Revenues grew 9% to $14.1B, with cloud infrastructure up 52%. Future growth potential is strong, but competition is intense.
December 10, 2024 | 4:45 pm
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Oracle's Q2 results missed estimates, causing an 8% share drop. Despite strong cloud demand and partnerships, valuation concerns led to a downgrade to hold. Revenues grew 9% to $14.1B, with cloud infrastructure up 52%.
Oracle's Q2 earnings missed estimates, leading to an 8% drop in share price. Despite strong cloud growth and partnerships, the valuation is considered stretched, resulting in a downgrade to hold. This suggests a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100