Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Oracle (NYSE: ORCL) reported its fiscal first-quarter earnings on Monday, falling short on revenue.
The software firm reported its earnings per share at $1.03, above the expected $0.97 per share. However, revenue missed expectations, coming in at $9.73 billion compared to the $9.77 billion forecasted.
Oracle shares are down 3.36% at $85.90 premarket, following the report.
Despite the revenue miss, several analysts have upgraded price forecasts for the stock, although Barclays analyst Raimo Lenschow expects the company's shares “to trade range bound from here,” defining the results as “more of a mixed bag.”
Lenschow kept an Equal Weight rating on Oracle with an $85 price target.
However, several other analysts have upgraded Oracle price targets:
Tech stocks offer some of the best growth potential, but time and time again, traders and investors ask us “what are the best tech stocks to buy?” You've probably seen shares of companies such as Amazon and Netflix achieve monumental rises in the past few years, but there are still several tech stocks with room for significant gains. Here is our analysts view on the best tech stocks to buy right now
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