NEW YORK (
(ORCL - Get Report) $1.9 billion
acquistiion of talent management software company
(TLEO) helped boost cloud stocks on Thursday.
The acquisition is Oracle's biggest play in the cloud computing space, which lets businesses store their data on remote servers on the Web. It also comes on the heels of
(SAP - Get Report) $3.4 billion acquisition of
(SSF) in December.
Here's how other cloud-based stocks are faring.
(CRM - Get Report) saw shares rise to 2% in late trading Thursday to $126.23.
Shares of virtualization software company
(VMW - Get Report)
increased 0.9% to $95.05.
(RAX - Get Report)
shares jumped 1.2% to $49.62.
Shares of cloud-based software company
, meanwhile, are down 0.2% to $46.39
Written by Olivia Oran in New York.
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