Cramer je pozitivan na dionice Oraclea uprkos promašenju prihoda

Oracle Corporation (NYSE: ORCL) is trading down today after reporting weaker-than-expected revenue for its third financial quarter.

Oracle stock down on soft guidance

Shareholders are also disappointed because the company’s guidance for revenue came in slightly below estimates as well. Oracle is now calling for $13.62 billion to $13.85 billion in revenue for its current quarter on up to $1.60 of adjusted per-share earnings.

In comparison, analysts were at $13.75 billion and $1.47 a share, respectively. On CNBC’s “Squawk na ulici“, rekao je Jim Cramer:

The cloud stuff they’re talking about is very positive. They brought back a lot of stock. It’s very cheap. They’re working with Jensen. Oracle was mentioned with Nvidia. I like the call so much. Stock is down 4.0%, logical place to go.

Oracle Corporation lifts its quarterly dividend

On the plus side, Oracle Corporation raised its dividend to 40 cents per share – a 25% increase versus the same quarter last year. According to Cramer:

Listen to the call. What you hear is a company that bought Cerner, an okay medical health records business that’s taking the industry by storm, winning big logos. Big gross margin lifted Cerner. This is one of the better quarters.

His constructive view is in line with Guggenheim that reiterated its “buy” rating on this tehnička zaliha today. The firm’s $115 price objective suggests more than 35% upside from here.

Notable figures in Oracle’s Q3 earnings report

• Neto prihod je iznosio 1.90 milijardi dolara u odnosu na 2.32 milijardi dolara prije godinu dana
• Zarada po dionici također je opala sa 84 centi na 68 centi
• Prilagođeni EPS je iznosio 1.22 dolara prema podacima saopštenje za javnost
• Prihodi su porasli za 18% u odnosu na prethodnu godinu na 12.40 milijardu dolara
• Konsenzus FactSet-a bio je 1.20 dolara po dionici na 12.43 milijardi dolara prihoda

Other notable figures in the earnings report include a 17% increase in cloud services and license support revenue – also better than expected. Oracle stock is now roughly flat for the year.