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Oracle's stock rose 7.8% on strong cloud growth and higher revenue, despite slightly missed earnings.
Oracle's stock rose 7.8% in the second quarter as institutional investors including Sage Mountain Advisors, Aspen Capital Management, and Richards Merrill & Peterson increased their stakes.
The company reported $1.47 EPS, slightly below expectations, and $14.93 billion in revenue, up 12.2% year-over-year.
With a market cap of $808.05 billion, Oracle maintains strong profitability metrics and a "Moderate Buy" analyst rating with a $323.69 target price.
The firm continues expanding its cloud software offerings and paid a $0.50 quarterly dividend.
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Las acciones de Oracle subieron un 7,8% debido al fuerte crecimiento de la nube y a mayores ingresos, a pesar de las ganancias ligeramente perdidas.