Oracle Cloud Earnings Dissapoint Sending $ORCL Lower

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ThePitBoss
Participant

Jefferies maintained $ORCL Buy rating on the stock and its $61 price target.

We understand investor frustration with the uncertainty and inconsistent dynamics of this [bring your own licensing, or BYOL] model as it evolves, but we also believe that we have never witnesse[d] such an aggressive model transition at such scale and at such velocity. Regardless of the coal this represents for some investors at the end of the year (stock was down 6% after hours), we believe the technology will win in this case (specifically, the 12c R2 database cycle, in addition to the Cloud math).