Jim Cramer Put These 16 Stocks Under a Microscope

6. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 105

A caller asked if it was a good time to buy Oracle Corporation (NYSE:ORCL), and Cramer replied:

“Oracle is way beaten down. It’s another one of those stocks that’s being hurt because it’s gotten into the data center. Look, it’s up four today. I never counsel buying a stock up four, but I will say this, Oracle has multiple…. compressed to the point where it’s now an inexpensive stock, and that’s what matters.”

Oracle (NYSE:ORCL) is a technology company that delivers a broad mix of IT solutions designed to support business operations. In early April, Cramer said:

“Oracle and Salesforce peaked back in December; they’re now down almost 30% from their highs. […] The Department of Defence said it would cancel an Oracle contract to modernize the Pentagon’s HR system. There’s some hope that Oracle could recover the contract, but that could be roughly $100 million in annual recurring revenue down the drain. Sure, that’s a rounding error for Oracle, a company that’s expected to bring in more than $57 billion in revenue this year, but it’s a warning sign for the industry.”