Oracle Revenue Growth Slows, and Merck Says 6 More Months of Masks
Merck CEO Kenneth Frazier told CNBC “ The Pfizer and Moderna vaccines look fantastic.” Sounds like great news coming from a man who understands the industry.
On the same dime, Mr.Frazier has also warned the public that we should expect another 6 months of social distancing and wearing masks. This is due to the amount of time it’s going to take to get the vaccines through mass-production. The end is near!
Last week, Oracle shares took a small hit after the company reported its fiscal second-quarter earnings results. Once the company released its quarterly guidance though, share prices recovered anticipating strong growth over the next few months.
Still, the company was able to clock-in 2% revenue growth compared to the year prior and this was thanks to growth from cloud services which have had a big boost in demand since the coronavirus has forced the world to work online. Are you bullish on Oracle over the coming months and years?
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.