Oracle's Stock Surges, Leading S&P 500 Gainers with Earnings Beat
Oracle's Stock Performance
Oracle shares are leading the S&P 500 by a wide margin on Tuesday after an upbeat earnings report. The software and cloud company's stock is up 11.9% in morning action.
Analyst Commentary
“So last quarter was an RPO (remaining performance obligations) beat, but a miss on everything else and the stock went up,” Melius Research analyst Ben Reitzes wrote. “Well, it proved foretelling anyway since Oracle delivered a clean beat and raise for the fiscal first quarter, putting some credibility behind its cloud push.”
Future Outlook
He sees a growing likelihood that Oracle will boost its fiscal 2026 outlook when it holds an analyst day on Thursday.
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