Dallas, Texas 05/05/2014 (FINANCIALSTRENDS) – Oracle Corporation (NYSE:ORCL) the company which is the benchmark database and back office management enterprise software provider, and now cloud-backed database management service provider, is once again back to its winning ways.
The story unfolding over the past quarter has been satisfying as Oracle’s smart number turnaround is now backed by solid fundamentals. The company had previously clocked highest prices on the stock market back in the early half of the last decade. But this time around the surge in prices is now backed growth, besides value-accreditation as well as quality.
The current rally will hopefully surge past $ 48, hopefully predict loyal investors.
The rally has not escaped analyst attention either. Many top-ranking analysts have now initiated not only coverage but many have upgraded this technology stock of the ‘old generation,’ along with other bluechip giants like Microsoft Corp and Cisco.
One of the first analysts to be backing Oracle Corporation (NYSE:ORCL)performance and perhaps initiating the stock market rally has been Societe General. Oracle has now been rated ‘buy’ over earlier rating of ‘Hold.’ The price target too has been fixed at $47 price target which means that there is a 14% upside for the technology giant.
New Growth with Cloud technology plus Big Data
Oracle Corporation (NYSE:ORCL) which is currently the dominant Relational Database software producer for enterprises holds nearly 48% of global market, with close competition coming in from the likes of Microsoft Corporation, International Business Machines Corp and a few other open source players.
The focus for Oracle was in building the market for the next generation of database management software and solutions. And it has done so rightly with its NoSql solutions and cloud-based backup solutions, by acquiring companies such as Responsys and some major names in cloud solutions and Big Data Analytics delivery segment.