The older the fiddle, the sweeter the tune. What about stocks?
Here’s a Thought! 19 June, 2020, by Vladimir Rojankovski, Head of analytical dept., Grand Capital
Recently Oracle (ORCL) reported quarterly financial results, where revenue fell slightly short of the consensus forecast, which the company inadvertently explained by delays in commercial deals caused by coronavirus.
For fair valuation, many analysts focused on the sales position of Oracle's autonomous database and its public cloud OCI-Gen2 (ou-see-ai generation two).
Several investors raised the target price for Oracle from $44 to $48, remaining cautious due to "more significant difficulties in promoting cloud technology" compared to Amazon (AMZN) and Microsoft (MSFT), which are more actively promoting their projects in hyperspace. At the teleconference, the company also noted that Oracle's entire annual capex for cloud technology is approximately equal to one month of Microsoft's capex.
It is true to say that the older the fiddle, the sweeter the tune. Especially given the fact that some old fiddle tunes are hardly audible.
Recently Oracle (ORCL) reported quarterly financial results, where revenue fell slightly short of the consensus forecast, which the company inadvertently explained by delays in commercial deals caused by coronavirus.
For fair valuation, many analysts focused on the sales position of Oracle's autonomous database and its public cloud OCI-Gen2 (ou-see-ai generation two).
Several investors raised the target price for Oracle from $44 to $48, remaining cautious due to "more significant difficulties in promoting cloud technology" compared to Amazon (AMZN) and Microsoft (MSFT), which are more actively promoting their projects in hyperspace. At the teleconference, the company also noted that Oracle's entire annual capex for cloud technology is approximately equal to one month of Microsoft's capex.
It is true to say that the older the fiddle, the sweeter the tune. Especially given the fact that some old fiddle tunes are hardly audible.