Oracle Corporation (ORCL)

[DiscoverGold]

Oracle Stock is Ready to Surge Higher
By: MarketBeat | June 2, 2021

Enterprise information technology provider Oracle Corporation (NASDAQ: ORCL) stock has been steadily grinding to all-time highs as post-pandemic growth resumes. As workers return to offices and the reopening gets underway with the acceleration of COVID vaccinations, Oracle shares have been climbing in anticipation of the growth spurt. The Company has indicated impressive growth metrics in its recent earnings report granted the pandemic set the bar low for 2020 comps. While pundits argue that Oracle’s migration to cloud has been slow, the database giant is reaping the rewards of its acquisitions and investments. Shares still trade at a modest forward P/E of 17 with over $37 billion in cash. The Company is leading the enterprise-resource-planning (ERP) battle against rival SAP (NYSE: SAP) according to its eccentric co-founder Larry Ellison. Prudent investors seeking exposure in the enterprise software segment as the reopening takes shape can monitor for opportunistic pullback levels in Oracle shares.

Read Full Story »»»

DiscoverGold