Oracle stock is having its worst day since 2002. What the pros say

https://www.cnbc.com/2023/09/12/oracle-stock-sees-worst-day-since-2002-what-the-pros-are-saying.html Oracle stock is having its worst day since 2002. What the pros say
Market Movers has summarized the latest investor and analyst reactions to Oracle. The pros, including Jim Cramer, discussed the software company whose stock suffered its worst daily decline in more than 20 years. Late Monday, Oracle reported a rise in profits, but revenue fell short of analysts’ estimates. A key trigger for the sell-off was the weaker than expected forecast. On Tuesday, Monness Crespi Hardt downgraded Oracle to “Neutral” from “Buy,” saying Oracle is a high-quality company but that its valuation has become less compelling. Oracle is currently in Cramer’s Charitable Trust portfolio.
https://www.cnbc.com/2023/09/12/oracle-stock-sees-worst-day-since-2002-what-the-pros-are-saying.html Oracle stock is having its worst day since 2002. What the pros say