Previous close | 0.0100 |
Open | 0.0100 |
Bid | 0.0000 |
Ask | 0.0100 |
Strike | 113.00 |
Expiry date | 2024-06-14 |
Day's range | 0.0100 - 0.1100 |
Contract range | N/A |
Volume | |
Open interest | 1.96k |
Oracle's (ORCL) growth prospects are dampened by intense competition and stretched valuation. However, the company enjoys a strong legacy business and is making strides in the cloud market.
Oracle (ORCL) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
A number of high-profile software companies offered up weak forward-looking guidance during the last quarter’s earnings season, but Goldman Sachs has advised investors not to rule the sector out of the excitement surrounding Gen-AI. The influential investment bank noted the unusual strength in fourth-quarter results of 2023 for several software companies coinciding with expectations for rate cuts and slowing inflation. Oracle (NYSE:ORCL) and Adobe (NASDAQ:ADBE) offered up reasonably healthy numbers last week, but the likes of Snowflake (NYSE:SNOW) recently forecast disappointing first-quarter product revenue on expectations that customers would cut back on spending in an uncertain economy.