Trader Guy Adami added that Oracle could flirt with a 52-week high, just below $47 per share, which it hit in late December.
Oracle competitor Salesforce.com provides "a more direct way" to buy into the cloud space, trader Steve Grasso said. The stock closed nearly 2 percent higher on Tuesday.
"[Salesforce] definitely sets up technically to be bought," Grasso said.
Adobe Systems, another tech name reporting quarterly results on Tuesday, slid nearly 4 percent lower in extended trading on weaker-than-expected subscription growth.
Read MoreAfter-hours buzz: Oracle, Adobe, Quicksilver & more
Investors can shed the stock at its current price as it flirted with a 52-week high heading into earnings, Seymour said.
Tim Seymour is long T, BAC, C, DIS, XOM, F, GE, GM, GOOGL, INTC and SUNE. Tim's firm is long BABA, BIDU, MCD, NKE, NOK, SINA, SBUX, SUNE and WB.
Steve Grasso is long BA, CLVS, EVGN, FB, GDX, GOOGL, IMMR, KBH, KDUS, MHY, MJNA, PFE, POT, SO, T, TMUS and TWTR. His firm is long IBM, NE, NEM, OXY, RIG, VALE, AVP and AMZN. His kids are long EFG, EFA, EWJ, IJR and SPY.
Karen Finerman is long BABA, BAC, C, FINL, FL, GOOG, GOOGL, JPM, M and KORS. She is short DIA. Her firm is long AAPL, BAC, C, CMLS, DIS, FINL, FBT, FL, GOOG, GOOGL, IBB, JPM, M, KORS, XBI, SUNE and URI. Her firm is long calls URI. Her firm is short MOY, IWM, SPY and USO. Karen Finerman is on the board of GrafTech International.
Guy Adami is long CELG, EXAS and INTC. Guy Adami's wife, Linda Snow, works at Merck.