Oracle Stock Slumps Despite Earnings Beat And AI Growth, Leaving Analysts 'Puzzled'
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Oracle (ORCL) stock slumped Thursday despite the company reporting fourth-quarter earnings ahead of estimates. Wall Street analysts came to the defense of the enterprise tech giant in notes to clients that followed the results. "We are puzzled by Oracle's after-hour share price reaction (down meaningfully)," Barclays analyst Raimo Lenschow wrote to clients. "True, cloud application and software — license plus…
