Oracle Corporation (NYSE:ORCL) is undervalued, according to Cerity Partners’ Jim Lebenthal.
Lebenthal made the comments on the latest edition of CNBC’s “Halftime Report Final Trades.”
Oracle, on March 10, reported better-than-expected third-quarter financial results and issued FY2027 sales guidance above estimates.
The Austin, Texas-based company posted third-quarter revenue of $17.19 billion. Oracle beat analyst estimates of $16.91 billion, according to Benzinga Pro. Adjusted earnings grew 21% year-over-year to $1.79 per share, beating analyst estimates of $1.71 per share.
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