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Oracle, Facebook, Cisco: Tech Pre-Market

NEW YORK ( TheStreet) -- Oracle (ORCL - Get Report) shares tumbled 8.04% to $30.54 before market open on Friday as investors responded to the database giant's fourth-quarter results, released late on Thursday.

Despite meeting analysts' earnings expectations, announcing a dividend hike and an extension to its share buyback program, Oracle reported disappointing and revenue growth. Oracle was also the most active pre-market Nasdaq stock on share volume of 3,335,828.

Facebook (FB - Get Report), however, was a gainer, rising 2.09% to $24.40 just a day after the social networker announced that its Instagram platform will be getting a video component.

The Menlo Park, Calif.-based firm was another active pre-market Nasdaq stock on share volume of 654,554.

Micron Technology (MU - Get Report) was another pre-market riser, adding 1.74% to reach $13.77, while Sirius XM (SIRI - Get Report) rose 1.25% to $3.31.

Shares of Cisco, which announced a deal to acquire data virtualization Composite Software on Thursday, dipped 0.68% to $24.27.

--Written by James Rogers in New York.

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FB $81.59 -1.00%
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