Opinions
Kim Bolton
Oracle
ORCL-N
HOLD
Jan 29, 2025
Stock price when the opinion was issued
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Hasn't had a chance to look closely at yesterday's earnings. Stock's at a 52-week, if not all-time, high today. Looks interesting, given the cloud space it's in. Not expensive at 2x PEG, with forward PE of 29-30x. Earnings growth rate ~16%.
Technically, meets his criteria. 200-day MA is trending higher, and price is above that. High beta, volatile.
Went into yesterday with a 6% position in his fund, now just above 8%. Probably won't trim until it gets between 9-10%. Backlog was 360% more than what was expected.
Views it same way as IBM. Both are legacy technology stocks. But then the light went on and they got into the cloud and data centres.
Premium contentOracle reported a revenue of 14.9B, which is a -6.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. A decline in revenue can be concerning, as it might indicate reduced sales or challenges in the market. It's important to investigate further to understand the underlying causes. Social media mentions are up 217.5% in the past 24h.
Taken to the woodshed this week, mainly due to Trump and Stargate last week. He's been buying this week. No one's brought their price targets down. Monday may have been difficult, but it's a great opportunity to put some cash to work.
(Analysts’ price target is $207.00)Pivoted nicely the way MSFT and IBM did years ago. Fourth main player in the cloud, which gives them recurring revenue. Best at cross-selling.