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Fly News Breaks for December 17, 2015
ORCL
Dec 17, 2015 | 08:45 EDT
Canaccord said the Q2 results for Oracle were better than feared, as there were some numbers at the high end and some at the low end of expectations. The firm feels the company is doing better than perceived and as investor sentiment turns it should enable the stock to inch higher and into the $40's. Canaccord reiterated its Buy rating and $44 price target on Oracle shares.
News For ORCL From the Last 2 Days
ORCL
Mar 17, 2024 | 06:39 EDT
Oracle is no slouch when it comes to cloud computing and AI. But the strength of the company's position has only recently become clear to Wall Street, Eric J. Savitz writes in this week's edition of Barron's. Oracle continues to be a key provider of enterprise software applications and database software. Just this past week, the company announced new AI capabilities for some of its business apps. But the key driver for Oracle is now cloud computing-and the associated opportunity in artificial intelligence, the author notes. Despite a three-year rally in Oracle shares, the stock still looks cheaper on almost every measure than rival enterprise software companies, the publication adds. Reference Link