27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Jack Andrews of DA Davidson maintained a Buy rating on Oracle Corporation (NYSE: ORCL) after the company reported Q1 results on Thursday.
Andrews noted that while Oracle's reported earnings and revenue came in lower than expected, "strong" results from the cloud segment should overshadow the headline misses. Specifically, SaaS and PaaS revenue rose 80.3 percent year-over-year, which marks an acceleration from the 64.7 percent seen in the prior quarter and continues the streak of quarterly organic growth to seven.
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Related Link: Technical Take On Oracle After Q1 Report
Oracle added 776 new SaaS and 2,032 PaaS customers in the quarter, while gross margin expanded 225 basis points year-over-year to 62 percent.
Looking forward, Andrews is expecting a "big spike" in customer adoption for Oracle's next version of its flagship database software and the company is likely to communicate details next week at OpenWorld. The analyst expanded that Oracle's update uses a "flash cache" which can fit any size database in memory for much faster processing.
Oracle also believes its update will help accelerate its customers' transition to cloud offerings.
Bottom line, Oracle's current and future product offerings are well positioned to perform well in the $550 billion enterprise market by 2024.
Shares remain Buy rated with a 12-18 month price target of $52 and a 5-year price target of $61.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.