Larry Ellison Cancels $7.5 Billion Oracle Stock Sale Amid Market Volatility
Oracle's Larry Ellison canceled a planned $7.5 billion stock sale of up to 50 million shares under Rule 10b5-1, signaling his belief that the company’s stock is undervalued after it fell nearly 22% year-to-date. The decision removes an overhang from the market and suggests confidence in Oracle's long-term prospects, particularly its AI cloud business which saw a 121% annual growth rate to $7.388 billion in revenue for Q1 fiscal 2027. Oracle reported strong financial results with total revenue reaching $19.345 billion—up nearly 30% year-over-year—and adjusted earnings per share exceeding expectations by a wide margin. The company also raised its full-year revenue guidance to $90 billion, driven largely by robust performance in cloud infrastructure and rising remaining performance obligations now at $664 billion. Despite the positive fundamentals, Oracle shares fell 1.82% on the day of the cancellation announcement and have declined over 50% from their peak a year ago. However, long-term investors note that ORCL is still up significantly over five- and ten-year horizons.
Tickers: $ORCL
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