ORCL stock is dirt cheap for a cloud company
This was the year Oracle (NASDAQ:ORCL) was finally recognized as a cloud player. When ORCL stock hit its all-time high on Dec. 6, investors were looking at a 67% year-to-date gain. Today, shares are up a little more than 40%, thanks in part to the omicron downdraft but also thanks to Oracle’s purchase of Cerner (NASDAQ:CERN) for $28.3 billion.
The acquisition of Cerner gives Oracle a hefty piece of the health IT market, behind only privately held Epic Systems. Oracle’s spin is that the move makes it a major player in the health cloud.
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