Oracle Has 'Plethora' Of New Iaas, Paas...And Cantor Analyst Loves It

In a report published Wednesday, Cantor Fitzgerald analyst Brian J. White maintained a Buy rating on

, with a price target of $48, after the company announced the addition of 25 new cloud services. Analyst Brian J. White believes that the new additions "rounds out" the Oracle Cloud Platform, taking the company to a "unique position to more competitively deliver cloud solutions to enterprise customers relative to leading cloud players." The new services focused on Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) solutions, complementing the company's broad Software-as-a-Service (SaaS) offering. In the report Cantor Fitzgerald noted, "Oracle focused on its ability to offer services across all three layers of the cloud relative to a more IaaS-focused approach at AWS, while provisioning faster (e.g., 4x) compared to AWS, requiring less time managing (e.g., zero command-line interfaces with Oracle vs. 155 for AWS) and offering a lower cost archive cloud storage service (e.g., 10x lower cost than Amazon Glacier for a 20PB archive)." White believes that Oracle continues to be "unique in the IT world" since it is the only leading IT vendor "with a broad offering across all three layers of the cloud." Compared to a year back, Oracle's transition to the cloud is taking place "much faster than we expected," White wrote, while adding, "…we believe this foundation is setting the company up to become an even more powerful IT vendor in the future."