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Market Movers Today: Oracle Corporation (ORCL), Arena Pharmaceuticals, Inc. (ARNA), Mulesoft Inc (MULE), Vivint Solar Inc (VSLR), and More

Oracle Corporation (NYSE:ORCL) (CNBC)
Shares of Oracle fell as much as 10 percent Tuesday following a third-quarter earnings report that “generally underwhelmed on most relevant metrics,” according to Credit Suisse analysts. The company beat Wall Street estimates on earnings per share, reporting 83 cents compared with Thompson Reuters consensus estimates of 72 cents, but came in just below revenue estimates, dragged down by slow cloud revenue growth. The enterprise software company reported $9.77 billion in revenue compared with $9.78 billion expected by analysts.

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) (MarketWatch)
Shares of Arena Pharmaceuticals Inc. ARNA, +27.45% shot up 34% in premarket trade Tuesday, after the drugmaker reported positive results from a phase 2 trial of its treatment for ulcerative colitis. The rally comes after the stock had declined for six-straight sessions, and for 10 of the past 11 sessions, since closing at a near three-year high of $43.37 on March 2. Arena said late Monday that the OASIS trial for etrasimod achieved “statistically significant improvements versus placebo in the primary, all secondary and clinical remission endpoints.

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Mulesoft Inc (NYSE:MULE) (Reuters)
(Reuters) – Salesforce.com Inc (CRM.N) is in advanced discussions to acquire U.S. software maker MuleSoft Inc (MULE.N), people familiar with the matter told Reuters on Tuesday, as it looks to expand its offerings beyond customer relationship management software. The acquisition, which the sources said could be worth more than $6 billion, would be Salesforce’s biggest ever deal, illustrating Chief Executive Marc Benioff’s push to supplement the company’s cloud-based portfolio with new technology. MuleSoft shares jumped more than 20 percent to $39.88 after Reuters reported the talks, giving the company a market value of $5.3 billion. Salesforce shares were up 0.3 percent at $125.31.

Vivint Solar Inc (NYSE:VSLR) (Benzinga)
Vivint Solar, Inc. gained 13.4 percent to $3.80. Vivint Solar disclosed that it won four awards at the 12th annual Stevie® Awards for Sales & Customer Service.

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