Barclays analyst Raimo Lenschow believes Oracle shares will likely rebound in the short term from today's post-earnings selloff. The stock in premarket trading is down 4% to $44.55. The unfavorable optics, namely Q1 revenue and earnings guidance coming in below consensus, were solely caused by currency moves, Lenschow tells investors in a research note. More important for long-term investors seems to be the new segment reporting structure as it significantly reduces visibility into Oracle's cloud progress, the analyst adds. He believes investors will need a few quarters to get comfortable and that shares will unlikely start a more sustained move higher in the next few weeks. Nonetheless, Lenschow believes Oracle shares remain cheap given its long-term fundamentals. He keeps an Overweight rating on the name with a $58 price target.

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Vertex (VERX) announced that it has been selected to join the Oracle Independent Software Vendor, ISV, Accelerator for SaaS Initiative. With expertise in Oracle (ORCL) Cloud Fusion Cloud Applications integrations, Vertex continues to leverage the power of contract and tax data to optimize customer operations and outcomes. "Building on our longstanding relationship with Oracle, we are thrilled to join the Oracle ISV Accelerator," said Bradd Wildstein, Vice President, Indirect Sales at Vertex, Inc. "Through this partnership, Vertex can now enhance our customers' finance and sales processes by integrating essential tax solutions into Oracle Fusion Applications. It's more than just data integration - it's about unifying disparate functions, streamlining operations, and amplifying benefits for our mutual customers."

Oracle Chairman Larry Ellison said the company is moving its world headquarters to Nashville, Tennessee, Ashley Capoot of CNBC reports. Ellison said Oracle is moving to a "huge campus" and it is closer to "the center of the industry we're most concerned about, which is the health-care industry." Reference Link