Oracle Hits ALL Time High Ahead of Earnings

The year is 2014 and after 37 years as CEO of Oracle Larry Ellison has decided to relinquish his role but stay on as chairman. Today Ellison owns over a third of shares with a total stake of 35.4% boasting his personal net worth to over $94 billion. As Ellisons personal stake has grown so has the stock price which reached an all time intraday high of $72.94 earlier this afternoon. The stock is really showing some crazy fuckin strength in a market that has not favored tech or cloud stocks, in the last month $ORCL is up 14% while the Nasdaq is down 9% in the same period. Earnings Wednesday after the bell and analyst are licking their chops for the release, Barclays upgraded the stock last week and raised their price target to $80 after the cloud giant announced revenue would be higher than forecasted by 2-4% in late December. If the bump is true Oracle would be looking at their 3rd straight quarter of sales growth after 2 years of declining revenue and trading cheap compared to other tech stocks at only 5x sales and 14.5x this years sales. Eps is slated to come in at $1.11 on revenue of $10.07 Billion while the options market is implying a 5% move for the security. Itll be interesting to see if Oracle mentions crypto at all in their earnings call, big names like Chainlink and Maker run on decentralized oracle networks and a number of the coins have exploded for huge gains. Oracle is trying to cement theirselves as the leading blockchain data provider. PRO TIP: Earnings are extremely dangerous and should be traded with max risk measures in place.