Managing Director John Rizzuto of SunTrust Robinson Humphrey says Oracle Corporation (ORCL) is one of his top picks. He says the mega-vendor is very broad in where it competes, and he is optimistic on its transition to the cloud.
“In the large-cap world, Oracle is playing in this [data analytics] space aggressively,” Rizzuto says.
John Rizzuto
“It is important to note that everything starts from the infrastructure that enables it. We need an infrastructure to move and store the data, and an infrastructure to host the applications. Oracle too has infrastructure solutions in addition to applications; this is increasingly common among the mega-vendors,” he adds.
Rizzuto says the top 10 software vendors, which includes Oracle, control a massive amount of the market and play across many segments of the software industry. He believes that investors’ concerns about the company moving to the cloud are misplaced.
“Oracle is one of the companies that we just upgraded and that we like going forward as it transitions to the cloud. As Oracle moves toward the cloud, many investors are viewing it as a threat. We believe that at some point within the next 12 months, people will start to realize it’s not a threat at all, but an opportunity. It is because we expect Oracle to manage the transition very well,” Rizzuto says.
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