Analyst: Sell-off May Be Overdone but Outlook Remains Worrisome, Oracle Still in a Dangerous Position

Glonghui, February 9th｜D.A. Davidson analyst Gil Luria stated that the market's sell-off of Oracle (ORCL.N) may have been excessive, but this does not mean investors have nothing to worry about regarding the company's outlook. "The company has put itself in a very dangerous position and must perform exceptionally well to get out of trouble. The $130 billion debt and $248 billion in operating lease commitments will weigh on the company for years to come," Luria pointed out. He also mentioned that the company's planned stock issuance could create selling pressure over the next 10 weeks.