Oracle Corporation faces continued downside risk despite a sharp post-earnings price correction. ORCL's recent expansion is increasingly debt-fueled, with long-term debt nearing $100B and lease commitments tripling to over $20B in three years. The company has halted share buybacks and become a net issuer of equity, signaling capital allocation strain and shareholder dilution.
Oracle ( NYSE: ORCL ) shares are jumping 5% in premarket trading this morning, following news that TikTok's parent company ByteDance signed binding agreements to form a U.S.
Oracle's stock jumped after the cloud provider joined a group of investors slated to lead TikTok's U.S. operations. The deal prevents a shutdown of the app in the U.S. over national security concerns.
TikTok has agreed to form a joint venture with US and Gulf investors in a bid to resolve longstanding national security concerns and avoid a ban in the United States, five years after then-president Donald Trump first threatened to block the video-sharing app. Under the terms of the deal, TikTok's Chinese parent ByteDance will retain a minority stake, while operational control of the platform's...
For a reading of Wall Street's shifting mood on the artificial intelligence investment boom, take a look at the daily fluctuations of Oracle stock, analysts say.
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