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Oracle Plunges: What Wall Street's Saying

TheStreet

Updated from 9:14 a.m. to include thoughts from Sterne Agee analyst.

NEW YORK (TheStreet) -- Oracle shares plunged in premarket trading on Friday as the company missed Wall Street estimates for both earnings and revenue, despite becoming "the Second Largest Cloud SaaS Company in the World," according to the company's press release.