Investors Cheer Oracle’s $30B Cloud Deal as ORCL Stock Soars 40% in June
Oracle Corporation (NASDAQ: ORCL) delivered another eye-catching surge in early trading, showcasing the power of its cloud transformation...
Quick overview
- Oracle Corporation experienced a significant pre-market surge, opening at $227.26 after a close of $210, marking an 8.5% gain at its peak.
- The surge was driven by a major cloud services deal projected to generate over $30 billion annually starting in FY28, alongside impressive growth in its MultiCloud database business.
- Oracle's recent fiscal Q4 earnings showed adjusted earnings of $1.70 per share and revenue of $15.90 billion, beating estimates and contributing to a 60% return over the past year.
- Investors remain optimistic about Oracle's long-term potential, with expectations for continued growth in cloud revenue and successful deal integration.
Oracle Corporation (NASDAQ: ORCL) demonstrated the strength of its cloud transformation story with yet another striking early trading jump.
Pre-Market Surge Highlights Investor Optimism
Oracle Corporation (NASDAQ: ORCL) kicked off the week with a dramatic pre-market surge, opening at $227.26 after Friday’s close of $210. The stock peaked at $228.22 before settling slightly lower to $220, marking a one-day gain of +8.5% at its high.
This move capped a stunning run of around 40% gains in June, rewarding investors who have bet on the company’s aggressive shift to cloud services. Far from an isolated spike, today’s surge represents the latest chapter in Oracle’s ongoing story of transformation, growth, and renewed investor confidence.
Massive $30 Billion Cloud Deal Sparks Buying
Fueling today’s enthusiasm was the revelation of a game-changing cloud agreement. According to an SEC filing and remarks by CEO Safra Catz during a corporate meeting on Monday, Oracle has signed multiple significant cloud services deals—including one projected to generate over $30 billion annually starting in FY28.
The company also highlighted that its MultiCloud database business continues to expand at over 100% annual growth, underlining Oracle’s competitive strength in the booming cloud infrastructure space.
Q4 Blowout Results Reinforce the Bullish Case
Today’s momentum follows the company’s blockbuster fiscal Q4 earnings released two weeks ago. Oracle delivered adjusted earnings of $1.70 per share and revenue of $15.90 billion, reflecting an 11% year-over-year increase and beating Visible Alpha consensus estimates.
These results ignited strong buying, sending Oracle’s stock to new all-time highs last week, where it closed at $215.36, up 25% over the previous week’s finish. The market has been cheering Oracle’s execution of its long-term vision to become a dominant force in cloud infrastructure and enterprise services.
Strong Long-Term Performance
Investor returns underscore Oracle’s transformation story:
- 60% return over the past 12 months, showing consistent growth.
- Stunning 310% gain over five years, solidifying its place as a top-tier performer among large-cap tech names.
Oracle’s ability to maintain strong demand for its cloud services, execute large-scale deals, and deliver impressive earnings growth continues to fuel confidence in its long-term potential.
Outlook: Can the Rally Continue?
As Oracle breaks out to new highs, investors will watch for continued momentum in cloud revenue and successful integration of new deals. While short-term profit-taking is likely after such a strong move, the company’s clear strategy and massive market opportunities suggest further upside if it delivers on execution.
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