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Oracle shares jump as long-term outlook targets $225 billion in revenue

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Oracle shares jump as long-term outlook targets $225 billion in revenue

Investing.com -- Oracle shares rose 8.6% Wednesday after the company laid out an ambitious long-term growth plan, projecting annual revenue of at least $225 billion by fiscal 2030 while promising to rein in capital spending and limit additional financing needs.

Directly affected

  • ORCL Oracle-8.8% 30d

    Named in this report.

Indirectly affected

  • XLK Technology Select Sector SPDR+9.1% 16d

    Technology Select Sector SPDR holds the technology sector that Oracle belongs to, so it often moves with news about it.

  • MSFT Microsoft+8.4% 30d

    Microsoft is a peer of Oracle in prepackaged software; rivals often move on the same news.

  • PLTR Palantir Technologies+15.2% 30d

    Palantir Technologies is a peer of Oracle in prepackaged software; rivals often move on the same news.

  • CRWD CrowdStrike Holdings+20.0% 16d

    CrowdStrike Holdings is a peer of Oracle in prepackaged software; rivals often move on the same news.

  • SHOP Shopify+27.7% 30d

    Shopify is a peer of Oracle in prepackaged software; rivals often move on the same news.

  • CRM Salesforce-3.9% 30d

    Salesforce is a peer of Oracle in prepackaged software; rivals often move on the same news.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
ORCL-1.13%-3.42%base+11.94%after closeafter closeafter close
XLKNo price data for this ticker———————
MSFTNo price data for this ticker———————
PLTRNo price data for this ticker———————
CRWDNo price data for this ticker———————
SHOPNo price data for this ticker———————
CRMNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

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Oracle shares jump as long-term outlook targets $225 billion in revenue Yahoo Finance

Source: Yahoo Finance

This story

CompanyWhenMoveStatus
ORCLthat day+11.94%final price
ORCLthree days earlier-3.42%final price
ORCLfive days earlier-1.13%final price

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This story

12 out of 100

“Oracle shares jump as long-term outlook targets $225 billion in revenue” scores 12 out of 100. The score uses 1 sources.