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. Stock
€127.14
-0.620%
With 42 Buy predictions and 1 Sell predictions Oracle Corp. is one of the favorites of our community.
As a result the target price of 139 € shows a slightly positive potential of 9.33% compared to the current price of 127.14 € for Oracle Corp..
