Breaking Analysis with Dave Vellante

Unpacking Oracle’s Autonomous Data Warehouse Announcement

March 18, 2021 SiliconANGLE Season 1 Episode 83
Breaking Analysis with Dave Vellante
Unpacking Oracle’s Autonomous Data Warehouse Announcement
Show Notes

On February 19th of this year, Barron’s dropped an article declaring Oracle a cloud giant and explained why the stock was a buy. Investors took notice and the stock ran up 18% over the next 9 trading days and peaked on March 9th, the day before the company announced its latest earnings. The company beat consensus earnings on both top line and EPS last quarter. But Investors didn’t like Oracle’s tepid guidance and the stock pulled back..but is still well above its pre-Barron’s article price.