Oracle: Q4 Vindicated Our Stance, Expecting 50% Returns [Seeking Alpha]
Oracle Corporation (ORCL)
Last oracle corporation earnings: 3/12 04:02 pm
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Source: Seeking Alpha
Oracle: Q4 Vindicated Our Stance, Expecting 50% Returns In the last part ORCL Source: Masters Of Cloud, Part 3: The Dark Horses Oracle had been in the news for its antics in the cloud market, which ranged from comparing its Gen2 cloud to Amazon (NASDAQ: AMZN However, the markets appear to have overlooked what the last few earnings had been suggesting – Oracle’s cloud business might have actually turned a new leaf. Q4 came in much stronger in a period where many public cloud companies have seen a hint of softness in revenues. We also derived confidence from Oracle’s higher capex guidance (which typically signals strong demand). Overall, we now feel comfortable expecting the stock to return 50% on the back of some fairly robust underlying fundamentals. What Q4 earnings seems to suggest Per Larry Ellison’s expectation Source: Company filings, Author calculations. Note: Oracle stopped reporting its cloud revenues separately after Nov 2017 Even just looking at the reported numbers, it is e
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ORCL
Earnings
- 3/11/24 - Beat
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Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- 3/27/24 - Form 4
- ORCL's page on the SEC website