Site icon VMVirtualMachine.com

Oracle stock ends the day in negative territory, breaking a week-long winning streak on the NYSE with symbol ORCL

Oracle stock ends the day in negative territory, breaking a week-long winning streak on the NYSE with symbol ORCL
Spread the love



Oracle (NYSE:ORCL) stocks closed lower on Tuesday, marking the end of a seven-day winning streak that saw the tech giant’s shares rise by 3.5%. The stock closed down 3.01% at $140.67, coming closer to its 52-week high of $145.79. Over the past 12 months, Oracle’s shares have gained 22.98% in value. In July, Oracle closed in the red on a trading day, and in June, out of 19 sessions, it closed in the red for 9 of them.

According to Seeking Alpha Quantitative Ratings, Oracle has a Hold rating of 3.44 out of 5. The company received an A+ for profitability but a D for growth prospects. Its valuation has also decreased, earning an F compared to a D six months ago. In the Wall Street community, out of 34 analysts surveyed in the past 90 days, 19 recommended Buy or better, 14 recommended Hold, and 1 recommended Sell. Seeking Alpha analysts are optimistic about the stock and view it as a buy, predicting that cloud applications and infrastructure will drive fiscal year 2025-2026 revenue.

Vinay Utham’s analysis of Oracle’s fourth-quarter earnings report noted missed revenue and EPS estimates but highlighted strong growth in cloud infrastructure and operating margins. Despite high capital spending projections for 2025, Oracle’s free cash flow generation and AI partnerships position the company for future growth.

Article Source
https://seekingalpha.com/news/4123089-oracle-stock-closes-in-red-and-snaps-a-seven-day-winning-streak

Exit mobile version