What to watch for in Oracle’s earnings
Oracle Corp. ORCL, +0.88% is set to report fiscal first-quarter earnings after the market close on Wednesday.
The company is coming off a rough fourth quarter, and analysts are calling for year-over-year declines in earnings and sales.
But a group of analysts at Jefferies reiterated a buy rating and $50 target on the stock this week, citing the potential for cloud revenue to outperform.