Oracle results disappointing, says RBC Capital

RELATED QUOTES

SymbolPriceChange
ORCL34.05-0.18
RHT48.49-0.87
VMW72.29-0.09
INFA34.45-0.28
QLIK30.080.08

RBC Capital believes that Oracle's (ORCL) weaker than expected results were primarily caused by company specific issues. The firm reduced its price target on the shares to $37 from $39. It recommends buying the following software names on any weakness today: Red Hat (RHT), VMWare (VMW), Informatica (INFA), Qlik Technologies (QLIK), and Autodesk (ADSK).

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