Oracle (ORCL) Slammed on Speculation of Executive Departure
Tweet
Share
E-mail
Get Alerts ORCL Hot Sheet
Price: $126.41 +1.77%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.7%
EPS Growth %: +17.7%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.7%
EPS Growth %: +17.7%
Join SI Premium – FREE
Shares of Oracle (Nasdaq: ORCL) are under pressure today and are down 3.3 percent. Nomura analyst Rick Sherlund says Oracle's EVP of North American sales Keith Block may have left the co. on Friday, citing one "industry source." Reasons for possible departure are unclear, but could be related to recent performance or perhaps a strained relationship with Mr. Hurd.
Sherlund commented today that industry checks for Q4 indicate that the environment was a bit worse, but they still expect the company to report in-line because of large deals early in the quarter. They also think ORCL is selling at near trough valuation levels.
The technology company will be reporting forth quarter earnings on Thursday, June 21st after the market closes.
Sherlund commented today that industry checks for Q4 indicate that the environment was a bit worse, but they still expect the company to report in-line because of large deals early in the quarter. They also think ORCL is selling at near trough valuation levels.
The technology company will be reporting forth quarter earnings on Thursday, June 21st after the market closes.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- The tech crown switches hands: Apple dethrones Nvidia as $4 trillion king
- Netflix, Intuitive Surgical tumble premarket
- Oppenheimer upgrades Ecolab to Outperform, sees AI growth driving upside
Create E-mail Alert Related Categories
Rumors, Trader TalkRelated Entities
Nomura, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
