It's down because they missed and the stock is very overbought. It was overbought when it spiked to 34 back in December. It has not corrected that move. The miss is the excuse the market needs to correct that over bought condition. Remember, all over bought conditions eventually get corrected. Where the market takes ORCL in a correction? Who knows?
i am surprised by this sell off. Revenues are down as much as the shavings from foreign currency adjustments...and net income increase...sales forecast is 3 to 11% increase next Q. It will rock back on to 36 levels soon..