The track record is there. This is a stock that was trading as low as $25.33 last May. Even at $33 a share, that is an increase of more than 30%. While it is possible that Oracle is at the end of its run and the market is simply correcting itself, I think it is more likely that this is a brief downturn in an otherwise strong history. It is too soon to say whether the poor revenue from software and cloud subscriptions could be a tell-tale that the company's strategy of acquiring smaller companies just isn't working.Last week, the company purchased private cloud infrastructure management software company Nimbula. Oracle described Nimbula's products as complementary to what the company currently offers and said that such products would be integrated into its existing offerings. So, it is quite possible that Oracle has identified a need and bought Nimbula to correct the issue.
Oracle Sees Blue Skies, So Do I
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