Oracle Forecasts $30B Cash Flow by FY29 as Shares Rally 11%
Oracle executives unveiled a net cash-flow-positive outlook, and ORCL shares closed up about 11% on Wednesday, their best day since May.
Oracle Corp. (ORCL) share price rallied about 11% on Wednesday, closing its best day since May this year, after executives unveiled a net cash-flow-positive outlook, helping alleviate capex concerns.ORCL stock has been under pressure so far this year amid mounting concerns that ballooning debt load…