Oracle (ORCL) stock slumped Thursday morning despite the company reporting fourth-quarter earnings ahead of estimates.
Wall Street analysts came to the defense of the enterprise tech giant in notes to clients Wednesday night. “We are puzzled by Oracle’s after-hour share price reaction (down meaningfully),” Barclays analyst Raimo Lenschow wrote to clients. “True, cloud application and software — license plus maintenance… Related news Stock Market Today: Dow Rallies 400 Points Amid U.S
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