TheStreet's Jim Cramer says Oracle did not produce a lights out quarter, but it is a very cheap stock. What investors want to make a bet on is that this is the first of many quarters where investors are going to see a lot of talk about cloud-based systems. Cloud is accounted for within subscription accounting, which doesn't allow you to show all your wins. Cramer asks if Oracle is going to be able to blunt Workday and Tableau and stop ServiceNow. Cramer thinks there is room for everybody. Cramer bought more Oracle for his Action Alerts PLUS portfolio after waiting for it to come down. Investors shouldn't run away from a downward move in the stock, they should run towards it. Cramer is not passing up on this buy when others are selling.

If you liked this article you might like

7 Essential Rules for Investing in Tech Stocks

Tax Reform Is Coming and That Means Trump Stock Rally Is Ready to Kill It Again

'Trump Stock' Rally Is Back on Track

Crazy Weak U.S. Dollar Will Make These 10 Companies Huge Winners

Dow, S&P 500 Set New Records as Fed Moves to Unwind Balance Sheet