On May 22, Oracle rose 3.51% in regular trading, trading at $194.15 per share, with trading volume of $536 million. The stock extended its recovery trajectory following a period of sharp sell-offs driven by capital expenditure and debt concerns.
The upward momentum is supported by Oracle's recently reported fiscal Q3 results, which beat expectations with revenue rising 22% year-over-year to $17.19 billion. Cloud revenue (IaaS+SaaS) reached $8.9 billion, while adjusted earnings per share grew 21% to $1.79, both surpassing analyst estimates. CEO Larry Ellison rebutted the so-called SaaS doomsday narrative, asserting it does not apply to Oracle, and the company raised its revenue guidance to $90 billion by 2027, citing sustained AI-driven growth.
Within the Systems Software sector, the overall tone was mixed. Among peers, CrowdStrike rose 3.4%, ServiceNow gained 2.83%, Palo Alto Networks added 1.59%, Microsoft edged up 0.28%, while NEBIUS declined 1.66%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments