Back to News
Market Impact: 0.15
Oracle's Cloud Backlog Just Hit $664 Billion. Here's What a $1,000 Investment Could Be Worth If It Converts to Revenue on Schedule.
Source: fool.com
Analyst EstimatesCompany Fundamentals
The article says a $1,000 investment could grow substantially by 2029 if the company meets Wall Street’s earnings estimate and maintains its current price-to-earnings multiple. Its cloud backlog rose by $26 billion in the recent quarter, and customers renewed at higher prices than in prior contracts.
AllMind Terminal
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request TrialMarket Sentiment
Overall Sentiment
mildly positive
Sentiment Score
0.10
More News
- Why did CoreWeave stock get crushed this week? Look to this corner of the debt market for clues
- AI stock sell-off ramps up over debt-fueled data center spending fears: ‘Full-blown crisis of confidence'
- All the news about the iPhone Duo
- The Tesla Roadster should go into production in 2028, but don't get your hopes up
- Apple’s $1,999 iPhone Duo puts the company's status-symbol power to the test
- Trump says White House didn't order Starlink restrictions in Ukraine