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.
Analysts at Wedbush said Oracle is pricing its cloud offerings aggressively and heavily tilting its sales force incentives toward cloud deals.