5 Best Data Center Stocks That Are Cheaper Than the S&P 500

4. ​Oracle Corporation (NYSE:ORCL)

Forward P/E Ratio: 22.89

Number of Hedge Fund Holders: 115

Oracle Corporation (NYSE:ORCL) is one of the Best Data Center Stocks That Are Cheaper Than the S&P 500. Recently, on June 15, Mizuho reiterated an Outperform rating on Oracle Corporation (NYSE:ORCL) with a price target of $320. The rating comes after the company reported record quarterly revenue during its fiscal Q4 2026 earnings.

​During the quarter, Oracle posted a record $19.18 billion in revenue, reflecting 21% year-over-year growth and topping the estimates of $19.09 billion. The EPS of $2.11 also topped $1.96. The performance was driven by a 93% year-over-year surge in Cloud Infrastructure revenue, which reached $5.8 billion. Management noted that the segment benefited from an unprecedented surge in AI-driven customer demand.

​Moreover, Oracle also reaffirmed its aggressive fiscal 2027 revenue guidance of $90 billion and raised its non-GAAP EPS target to $8.05. Mizuho sees the fiscal 2027 revenue guidance as conservative. It believes Oracle’s bring-your-own-cloud and prepayment model position the company to eventually self-fund its growth.

Oracle Corporation (NYSE:ORCL) provides information technology related products and services to enterprises, through its main business segments: Cloud and License, Hardware, and Services. The company is based in Austin, Texas and was founded on June 1977 by Lawrence Joseph Ellison, Robert Nimrod Miner, and Edward A. Oates.