Oracle forecasts upbeat third quarter as IT spending rebounds

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Go back to Oracle forecasts upbeat third quarter as IT spending rebounds

Oracle (ORCL) PT Raised to $115 at Cowen

December 10, 2021 6:44 AM EST

Cowen analyst Derrick Wood raised the price target on Oracle (NYSE: ORCL) to $115.00 (from $96.00) while maintaining an Outperform rating.

The analyst commented, "ORCL posted a strong 2Q w/ 6% cc rev growth above our +4%, the fastest growth in 4 yrs. Bookings commentary was... More

Oracle (ORCL) Stock Gains 6% on Strong Q2 Results

December 9, 2021 4:24 PM EST

Oracle (NYSE: ORCL) shares were trading more than 6% higher after-hours following the companys reported Q2 results, with EPS coming in at $1.21, beating the consensus estimate of $1.11.

Quarterly revenue grew 6% year-over-year to $10.4 billion, compared to the consensus estimate of $10.21 billion. Cloud services and license... More