Oracle Faces Fresh PeopleSoft Breach as Data-Center Headwinds Weigh on the Stock
Published on 09/28/2026 at 07:20 | Editorial boerse-global.de
Oracle's enterprise software arm is back in the crosshairs of cybercriminals. Google's security unit reported on Saturday that the hacking collective ShinyHunters has resumed its broad exploitation of a vulnerability in Oracle's PeopleSoft platform — the same flaw that triggered a wave of attacks over the summer.
The renewed campaign targets a known weak point that can hand intruders access to sensitive corporate data. Because PeopleSoft underpins payroll and finance operations at countless large organizations, any compromise there carries outsized operational risk for the businesses running it. ShinyHunters intensifying its efforts piles further pressure on Oracle and its enterprise customer base.
Infrastructure Woes Pile Up Behind the Scenes
The security alert lands in an already delicate stretch for the technology group. Beyond the software troubles, attention has been fixed on multibillion-dollar infrastructure bets. According to Financial Times reporting, roughly $18 billion in loans tied to an Oracle-leased data center in New Mexico came under strain as local opposition took shape.
Fallout from "Project Jupiter," the data-center build meant to supply infrastructure for OpenAI, is still being felt as well. Reuters has reported that the venture faces a potential one-year delay after problems arose with power supply at the site. Oracle has insisted the project remains on its planned timeline, though talks about possible payment deferrals toward partner Blue Owl had already unsettled the financing of AI infrastructure.
Should investors sell immediately? Or is it worth buying Oracle?
A Proxy Filing and a Product Push
While much of the market remains fixated on those delays, Oracle is looking ahead. On Friday the company filed its official proxy statement for its annual shareholder meeting, scheduled for November 18, 2026 — the opening of a phase in which management must show investors that the underlying business is sound beyond the construction projects.
A quiet product offensive is already under way. On Thursday, Oracle announced a partnership with ID.me to embed digital identity functions directly into its Oracle Health division. A day earlier, it unveiled expanded capabilities for the Oracle Digital Assets Data Nexus, a platform slated to be available in fiscal 2027 that will offer payment processing along with controls for digital wallets and smart contracts. Oracle Health also rolled out an AI-powered electronic health record for oncology, plus new billing-management features.
Those moves highlight a strategic strength that often gets lost in the current noise: Oracle doesn't just sell computing capacity — it sells software woven deep into critical business processes. Whether in healthcare or finance, customers don't swap out such core systems overnight.
Market Skepticism and a Valuation Reset
Sentiment has nonetheless been dominated by caution. The stock closed European trading on Friday at EUR 120.26, down 1.9% on the day and off 28% since the start of the year. A key trigger for the recent weakness was reporting that Oracle invoked force majeure after potential power delays at the Jupiter data-center project for OpenAI. That such megaprojects carry logistical risk is no surprise, yet the sharp market reaction looks overdone — Oracle stressed the venture is still on schedule.
Founder Larry Ellison's decision to cancel his pre-arranged trading plan to sell Oracle shares in mid-September, without any stock having been sold beforehand, reads as a vote of confidence in the company and its shareholders. A Freedom Broker analyst reinforced that picture in mid-September: Egor Tolmachev trimmed his price target to $205 from $210 but kept his buy rating on the stock. The shares now sit 15% below their 200-day moving average — a wide technical gap that reflects how heavily infrastructure worries have weighed on the valuation.
A Fork in the Road
Oracle stands at a crossroads. The risks around physically delivering power and data-center capacity are real and demand transparent answers from management. Yet the recent product advances in cloud, Java 27 and the promising health market show the core software engine is far from sputtering. At current valuation levels, the opportunities appear to outweigh the risks. If the board uses the November 18, 2026 shareholder meeting to credibly back up its infrastructure build-out path, market skepticism is likely to fade — and the foundations for a sustained recovery are in place.
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