Oracle Corporation (ORCL): Could This Deal Help Oracle Stock?
- Buz Investors Help Oracle Stock (NYSE:ORCL) has been struggling to grow for quite some time, and ORCL stock has been losing ground.
- The legacy tech player is on a buying spree and has acquired companies in the cloud-computing area to compete with the likes of salesforce.com, inc. (NYSE:CRM) andAmazon.com, Inc.’s (NASDAQ:AMZN) “Amazon Web Services.”
- However, the latest deal by a rival could change the way Oracle has been playing the cloud game. As per media reports, the European Union (EU) antitrust authorities are likely to clear Microsoft Corporation’s (NASDAQ:MSFT) $26.0-billion acquisition of LinkedIn Corp (NYSE:LNKD). (Source: “EU Likely to Clear Microsoft-LinkedIn With Conditions,” The Wall Street Journal, December 1, 2016.)
Help Oracle Stock in Search of Higher Growth
Help Oracle Stock A report by Forrester Research, Inc.(NASDAQ:FORR) earlier had placed Oracle (ORCL) sixth in the list, behind Microsoft Corporation, salesforce.com, inc., International Business Machines Corp. (NYSE: IBM) andAlphabet Inc (NASDAQ:GOOG, GOOGL). Amazon Web Services was the leader in public cloud infrastructure as per the report.
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Help Oracle Stock
The tech giant understands this and is trying to grow inorganically in this segment. The company had closed its acquisition of NetSuite Inc (NYSE:N) last month. The transaction was valued at $9.3 billion. Oracle expects this acquisition to help address a wider market with an enhanced product portfolio.
In November, the company also announced its proposed acquisition of Dynamic Network Services, Inc. (also known as Dyn), the leading cloud-based Internet performance and DNS provider that monitors, controls, and optimizes Internet applications and cloud services to deliver faster access, reduced page load times, and higher end-user satisfaction. (Source: “Oracle Buys Dyn,” Oracle Corporation, November 21, 2016.)
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