Netsuite Win Enhances Oracle's Exadata Presence

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NetSuite ( N ), which is a fast growing cloud computing player, recently chose Oracle ( ORCL ) to provide Exadata servers to support its cloud software applications. Oracle, which competes with SAP ( SAP ) in the applications software market, has started to leverage the fast growth of the cloud computing market, a topic we discussed in our earlier note titled ' SaaS Market Growth Trickles Down to Lift Oracle Stock '. Oracle's Exadata servers are faster machines that provide an infrastructure for cloud players to host their applications. Players like Amazon ( AMZN ), Salesforce.com ( CRM ), Google (GOOG) and Microsoft (MSFT) are the direct beneficiaries of the cloud computing market growth.

The NetSuite win is another feather in Oracle's cap, as the company is already a dominant player in the database software market with a market share of around 50%.

Our $37.94 price estimate for Oracle stock implies a premium to market price.

See our complete analysis of Oracle stock here



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks , US Markets

Referenced Stocks: AMZN , CRM , N , ORCL , SAP

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