Oracle suffers worst day since 2002. Here’s what the pros say to do with the stock

by | Sep 12, 2023 | Financial

Market Movers rounded up the latest reactions on Oracle from investors and analysts. The pros, including Jim Cramer , discussed the software company as its stock suffered the worst single-day drop in more than 20 years. Late Monday, Oracle reported an earnings beat, but revenue came in lighter than analysts’ estimates . A major catalyst to the sell-off was its weaker-than-expected guidance. On Tuesday, Monness Crespi Hardt downgraded Oracle to neutral from buy , saying Oracle is a high-quality company but its valuation has become less compelling. Oracle is currently held in Cramer’s Charitable Trust portfolio.

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