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Oracle’s Shares Have Performed Fantastically

publication date: Sep 11, 2023
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Image: Oracle’s shares may have sold off aggressively during the trading session September 11, but they have done quite well as a component of the Dividend Growth Newsletter portfolio. 

On September 11, Dividend Growth Newsletter portfolio holding Oracle Corp. reported first-quarter fiscal 2024 results that missed expectations modestly on the top line. Shares tumbled aggressively on the trading session September 12, but we think most of the sell-off is just profit taking. Prior to the report, Oracle’s shares were up more than 50%, while they are up over 64% during the past year. The high end of our fair value estimate stands at $136, while the firm yields ~1.3% on a forward estimated basis.


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