Oracle Another Legacy IT Vendor In Trouble: FBR

By | November 5, 2015

Scalper1 News

Lacking firmer footing in the cloud “until it can prove otherwise,” Oracle (ORCL) stock was downgraded Thursday by FBR & Co. to market perform from outperform, though FBR kept its price target at 44. Oracle stock, up 14% since late September, was down a fraction, near 40, in afternoon trading on the stock market today. “Although we have patiently awaited a turnaround story at Oracle, and the company has talked a great talk, the lack of consistent Scalper1 News

Scalper1 News