From Nasdaq: 2024-09-16 10:12:50

The technology industry is embracing AI integration into cloud services, with Oracle leading the charge. Following strong fiscal Q1 results, Oracle’s stock surged over 14%. Valued at $444.7 billion, Oracle specializes in enterprise software and cloud solutions. Cloud services revenue rose 21%, showcasing Oracle’s market dominance and growth potential.

With a record high stock price and impressive financials, Oracle is a key player in the tech sector. The company reported $13.3 billion in revenue and $1.39 non-GAAP EPS for Q1, driven by strong cloud services growth. Operating cash flow hit $19.12 billion, with $10.9 billion in cash and marketable securities.

Oracle’s strategic partnership with Amazon Web Services enhances its cloud capabilities. The company expects 8-10% revenue growth for fiscal Q2, with cloud revenue projected to soar 24-26%. Analysts predict a profit of $5.03 per share for fiscal 2025, signaling continued growth and performance.

After strong Q1 earnings, numerous analysts raised their price targets for Oracle. With a consensus rating of “Moderate Buy,” it’s clear analysts have confidence in Oracle’s growth prospects. While the stock may be overbought in the short term, long-term investors could benefit from Oracle’s AI-driven innovations and expanding cloud infrastructure.



Read more at Nasdaq: Is Oracle Stock a Buy or Sell After Earnings?