Citi's Tyler Radke opened a positive catalyst watch on ORCL, calling its 36% year-over-year selloff a 4 to 5 standard deviation move.
Oracle's $20 billion ATM equity program caps every rally with latent supply while the company burns negative $24 billion in free cash flow.
A $638 billion backlog, 404% multi-cloud growth, and the October investor day give Radke's bull case real support but a complicated timeline.
Read More: Learn 7 secret wealth tips high net worth investors use that most investors miss (sponsor)
Oracle (NYSE:ORCL) has been the loudest cautionary tale in software this summer, which is exactly why Citi's Tyler Radke went on CNBC today to argue the selloff has gone too far. Radke, co-head of U.S. software equity research at the bank, opened a positive catalyst watch on Oracle and called the drawdown "a 4 to 5 standard deviation move" driven largely by technical factors.
#oracle
Oracle's $20 billion ATM equity program caps every rally with latent supply while the company burns negative $24 billion in free cash flow.
A $638 billion backlog, 404% multi-cloud growth, and the October investor day give Radke's bull case real support but a complicated timeline.
Read More: Learn 7 secret wealth tips high net worth investors use that most investors miss (sponsor)
Oracle (NYSE:ORCL) has been the loudest cautionary tale in software this summer, which is exactly why Citi's Tyler Radke went on CNBC today to argue the selloff has gone too far. Radke, co-head of U.S. software equity research at the bank, opened a positive catalyst watch on Oracle and called the drawdown "a 4 to 5 standard deviation move" driven largely by technical factors.
#oracle
17 days ago
