Analysts were left confused on where Oracle shares could go from here after the database software giant delivered its fiscal second-quarter report . Shares of Oracle plummeted 11% after the company reported revenue of $16.06 billion, less than the $16.21 billion analysts polled by LSEG had expected. Software revenue in the quarter fell 3% and came in at $5.88 billion. This also missed the $6.06 consensus estimate. On top of that, the company's free cash flow for the November quarter was negative by about $10 billion, while the StreetAccount consensus was negative $5.2 billion. Oracle's mixed results threw analysts for a loop, with many pointing out that uncertainty and overhang could linger as investors wonder how Oracle will hit its ambitious forecasts. Morgan Stanley said its price targe
Wall Street is disappointed and confused by Oracle's report. Where they see the stock going
CNBC Investing10 hrs ago
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