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Oracle’s (ORCL) fiscal Q4 earnings were not what investors had hoped, analysts say, but they see a ray of sunshine in improved cloud momentum. RBC Capital Markets analysts Ross MacMillan and Matthew Hedberg said in a research report Thursday that it’s “never easy to defend a revenue and EPS miss and guide lower, but we believe it’s happening for the right reasons as cloud bookings and billings accelerate.” RBC lowered its price target on Oracle Scalper1 News
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