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Oracle Corporation (ORCL) offers products and services that address enterprise information technology environments worldwide. 
Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.
The company also offers cloud-based industry solutions for various industries; Oracle application licenses; and Oracle license support services. In addition, it provides cloud and license business' infrastructure technologies, such as the Oracle Database and MySQL Database; Java, a software development language; and middleware, including development tools and others.
The company's cloud and license business' infrastructure technologies also comprise cloud-based compute, storage, and networking capabilities; and Oracle autonomous database, MySQL HeatWave, Internet-of-Things, digital assistant, and blockchain.
Further, it provides hardware products and other hardware-related software offerings, including Oracle engineered systems, enterprise servers, storage solutions, industry-specific hardware, virtualization software, operating systems, management software, and related hardware services; and consulting and customer services.
Shares have formed a bullish "double bottom" following the company's latest quarterly report. On September 11th, ORCL reported earnings of $1.19 per share on revenue of $12.45 billion for the fiscal first quarter ended August 2023. The consensus earnings estimate was $1.14 per share on revenue of $12.46 billion. Higher share prices are expected.
Entry Point: $108.30
Stop Loss: $104.00
Trading Range: $60.78 to $127.54
Target Price: $119.00
