CDS Spiking, Stock Crashing: Can Oracle Recover on 12/10?
Oracle will report earnings on December 10. In the last earnings call, the company issued an ambitious long-term outlook—projecting revenue to reach $600 billion by 2030—which pushed the stock to around $325. But since then, the share price has fallen nearly 35%.
Now, the surge in five-year CDS prices has sparked concerns reminiscent of the 2008 financial crisis. In just one quarter, ORCL has dropped almost 40%.
Will this earnings report save the stock—or deepen the sell-off?
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