Oracle needs to reach for the cloud: Analyst

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Oracle's main headwinds

After missing earning estimates for three straight quarters, Oracle needs to prove it can grow in the cloud, Nomura Securities analyst Rick Sherlund told CNBC on Wednesday.

The tech company reports fiscal second-quarter results after the bell on Wednesday. Sherlund advised investors to pay close attention to what Oracle officials say about growth in the cloud computing space during the conference call Wednesday evening.