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Wall Street Analysts Say Oracle’s Earnings ‘Checked Nearly Every Box’
Oracle shares are down about 50% in the last 12 months.Credit: Michael Nagle / Bloomberg via Getty ImagesKey TakeawaysSeveral Wall Street analysts suggested Oracle’s stock could be due for a rebound after strong quarterly results.The shares have taken a big hit in recent months amid worries about the company’s spending to finance its data center expansion.Could Oracle’s strong earnings report lead to turnaround in the stock?Oracle (ORCL) shares popped more than 8% Friday morning before paring back their early gains, a day after the cloud infrastructure provider beat analysts’ estimates with…
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