Why Oracle Stock Took a Dive Today

Shares of Oracle (NYSE: ORCL) were falling today as the company reported fiscal first-quarter results that were essentially in line with estimates, but slowing cloud growth led the stock to sell off. It had impressed the market in its prior report with accelerating cloud infrastructure growth.

As of 10:44 a.m. ET, the stock was down 11.8%.

Oracle said total revenue rose 9% to $12.45 billion, which essentially matched estimates at $12.47 billion.

Source Fool.com

Oracle Corp. Aktie

Heute muss Oracle Corp. einen kleinen Kursanstieg von 0,18 % verzeichnen.
Klare Kaufempfehlung: Oracle Corp. erhält nur Buy-Einschätzungen.
Das von der Community festgelegte Kursziel von 139 € für Oracle Corp. deutet auf ein leichtes Wachstumspotenzial im Vergleich zu 124.68 € hin.

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