Salesforce Down 7%; Blame Oracle

Salesforce is down 7% today after Oracle reported poor earnings last night. The company is just one of many enterprise software and hardware companies that have fallen. Oracle is considered to be a bellwether of sorts for the industry, and many cloud stocks have been hit this morning However, given the future of cloud computing, many analysts predict that companies with cloud offerings could see rapid revenue growth. Salesforce is currently down $6.51 (6.24%) on the trading session.