Oracle Inks 10-Year, $7 Billion Contract With DoD -- What Investors Need to Know
Oracle's big DoD contract is a reason to buy Oracle stock, not sell it.
Overview
It's not often investors take a look at a $7 billion contract and decide that's a reason to sell a stock or not buy it -- but that's kind of what happened to Oracle (NYSE: ORCL) last month. Oracle shares started July trading north of $140 per share, but by the end of the month, they were trading below $130.
In the meantime, in between time, on July 23, Oracle landed a Department of Defense contract potentially worth $7 billion.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.