By Rameen Kasana
Publication Date: 2026-02-19 05:42:00
Oracle Corporation (NYSE:ORCL) is one of the The Most Profitable Software Stocks You Can Buy Now. On February 11, Oracle Corporation (NYSE:ORCL) announced that the Centers for Medicare & Medicaid Services (CMS) has selected the company’s Oracle Cloud Infrastructure (OCI) to support the consolidation and migration of select on-premises workloads to the cloud. This supports the modernization initiative of the Federal Health Office. However, the company will provide infrastructure for mission-critical CMS systems using its FedRAMP High-authorized environment.
As Kim Lynch, Executive Vice President of Government, Intelligence, and Defense at Oracle Corporation (NYSE:ORCL), explained:
“CMS’ programs are critical to the well-being of many Americans, a responsibility that requires uncompromising security, reliability and stewardship.”
Previously, on February 9, Melius Research downgraded Oracle Corporation (NYSE:ORCL) from “Buy” to “Hold” and maintained a price target of $160, slightly…
