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Oracle (ORCL) in Focus: Stock Tumbles 5.1%

Oracle CorporationORCL saw a big move last session, as the company's shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $37.21 to $39.46 in the past one-month time frame.

On Dec 16, Oracle reported second quarter fiscal 2016 results, where-in total revenues fell 6.3% on a year-over-year basis to $9 million. In addition, earnings per share of 51 cents fell by a nickel from the year-ago quarter.

The software company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (0 increases, 1 decreases), and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

ORCL currently has a Zacks Rank #4 (Sell).

Investors interested in the Computer-Software industry may consider better-ranked stock like Aspen Technology AZPN , which sports a Zacks Rank #1 (Strong Buy).

Is ORCL going up? Or down? Predict to see what others think: Up or Down

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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