Oracle's forecast miss overshadows cloud growth, shares fall

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Oracle (ORCL) Taps Low, Down 7%

June 20, 2018 10:59 AM EDT

Oracle (NYSE: ORCL) Taps Low, Down 7%

... More

June 20, 2018 7:34 AM EDT

RBC Capital lowered its price target on Oracle (NYSE: ORCL) to $52.00 (from $55.00) while maintaining a Sector Perform rating.

Analsyt Ross MacMillan said while modestly beating F4Q18 and guiding F1Q19 lower, they think the disclosure change is key.

The analsyt notes... More