Jim Cramer: Oracle Is Very Inexpensive
Jim Cramer says Oracle is trading at a bargain.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said Oracle (ORCL) is trading at a bargain. The company releases quarterly earnings on Thursday, after the markets close. 'It would be hard for them to surprise on the downside,' Cramer said, adding that he thinks the company will criticize Salesforce (CRM) and Workday (WDAY) . Cramer said he doesn't want to short Oracle because it's so inexpensive. Analysts expect Oracle to report earnings of $0.82 a share on sales of roughly $10.5 billion. During the same quarter a year ago, Oracle reported earnings of $0.78 a share.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
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