When a technology company misses analyst estimates
and disappoints based on its own guidance, the stock usually gets
punished severely. However, in the case of Oracle the market was much more forgiving, with the stock down barely a
percentage point on the day. Investors' reaction to the news is telling
you a lot of what you need to know about the stock: Oracle remains one
of the most attractive investing ideas in technology.
Oracle disappoints, again
First things first, aside from its hardware product sales, it wasn't a great set of results:
First things first, aside from its hardware product sales, it wasn't a great set of results:
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