"Oracle's share price has seen a staggering 58% decline from its 52-week high of $345.72, now trading at $146.38, despite record-breaking revenue growth."
"The company reported its first quarter in 15 years with organic total revenue and non-GAAP EPS growing by over 20%, driven by an 84% increase in IaaS revenue."
"To fund its data center expansion, Oracle is raising up to $50 billion in new financing, resulting in a non-current debt of $124.7 billion and a trailing free cash flow deficit of $24.736 billion."
"Sentiment on Reddit shifted dramatically from a score of 88 (Very Bullish) to 22 (Bearish) in just three weeks, largely due to Oracle's decision to cut 20,000 to 30,000 roles."
Oracle's stock price has dropped 58% from its 52-week high, currently at $146.38. Despite this decline, the company reported significant growth, with organic total revenue and non-GAAP EPS increasing by over 20%. IaaS revenue surged by 84%, and the backlog of performance obligations rose by 325%. However, Oracle is under financial strain, raising up to $50 billion for data center expansion, leading to a high debt level. Sentiment on Reddit shifted from very bullish to bearish due to workforce cuts and concerns over profitability.
Read at 24/7 Wall St.
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