The Raleigh, N.C.-based firm cruised past analysts' first-quarter estimates, although weak billings and second-quarter guidance sent shares plummeting in extended trading.
Shares of Micron Technology (MU) were also down in premarket trading, off 1.63% to $6.02 before market open as investors digested the company's third-quarter results. The semiconductor specialist reported a worse-than-anticipated quarterly loss after market close on Wednesday amid declining margins in its NAND Flash products.
Micron was also one of the most active Nasdaq stocks in premarket trading on share volume of 90,120.Oracle (ORCL) shares rose 0.81% to $28.72. The database giant's shares closed up 1.9% on Wednesday, boosted by strong fourth-quarter earnings earlier this week. Oracle was another active premarket Nasdaq stock on share volume of 64,172. In a filing with the Securities and Exchange Commission on Thursday, Oracle confirmed that Keith Block, the firm's executive vice president for North America sales and consulting, has decided to leave the firm "to pursue other opportunities." Apple (AAPL), which suffered an iCloud outage on Wednesday, was down 0.14% to $584.91 before market open. --Written by James Rogers in New York. Follow @jamesjrogers >To submit a news tip, send an email to: email@example.com. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV