Oracle Q4 results top estimates as cloud demand bolsters performance
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/22/2026
- S&P 500, Nasdaq fall, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- CoreWeave trains DeepSeek-V3 in two minutes in MLPerf benchmark
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Spain's ex-transport minister sentenced to 24 years for corruption
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
CFRA Upgrades Oracle (ORCL) to Hold, 'We like momentum from cloud applications'
June 13, 2023 11:56 AM EDTCFRA analyst Angelo Zino upgraded Oracle (NYSE: ORCL) from Sell to Hold with a price target of $130.00 (from $71.00).
The analyst comments "We boost our 12-month target to $130 from $71, shifting to P/E of 22x our CY 24 EPS estimate of $5.93, above... More
Oracle (ORCL) earnings impress Wall Street analysts
June 13, 2023 7:57 AM EDTOracle (NYSE: ORCL) reported earnings for its latest quarter after the close Monday, topping profit and revenue expectations.
The software vendor posted Q4 earnings of $1.67 per share, $0.09 better than the analyst estimate of $1.58, while revenue for the quarter came in at $13.8 billion versus the consensus estimate of $13.74 billion.
Oracle shares are up more than 5% premarket, trading close to the $123 mark.
Here's how Wall Street analysts reacted:
Goldman Sachs analyst Kash Rangan said... More
