Morgan Stanley analyst Keith Weiss downgraded Oracle to Equal Weight from Overweight as he does not see the catalysts for a positive inflection in revenue growth coming in 2019. The prospects of a strong database cycle have been pushed further out, added Weiss, who thinks limited operating income growth thru calendar 2019 will not be enough to drive its multiple higher. Based on current multiples applied to his calendar 2020 EPS estimate, Weiss cut his price target for Oracle shares to $53 from $57.

Oracle Corporation Japan "announced that it plans to invest more than $8B over the next 10 years to meet the growing demand for cloud computing and AI infrastructure in Japan. The investment will grow Oracle Cloud Infrastructure's footprint across Japan. In addition, to help customers and partners address the digital sovereignty requirements in Japan, Oracle will significantly expand its operations and support engineering teams with Japan-based personnel. Oracle plans to increase local customer support of its public cloud regions in Tokyo and Osaka and its local operations teams for Oracle Alloy and OCI Dedicated Region. This will enable governments and businesses across Japan to continue to move their mission-critical workloads to the Oracle Cloud and embrace sovereign AI solutions."