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.
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. Follow @jamesjrogers >To submit a news tip, send an email to: firstname.lastname@example.org.