Who the fuck invests in shit company like oracle? Also 6% is not that big of a deal.
It's a good opportunity to buy. If you heard MH yesterday, he mentioned that there is a backlog for SaaS. No more space in our SaaS DCs! Overall, the numbers beat, and I expect them to continue to grow in SaaS, PaaS, IaaS in high mid double digit (30-50 YoY and QoQ). The only players with the whole package are MSFT and ORCL, and there is no reason for them to have P/E lower than 1/3 of the CRM has (not to mention positive EPS and Div).
Wake me up when it is 60%, this is tech stock and 6% is nothing.
I lost 1k though...
You work at Boeing. Literally, the poster-child of irrelevant good ‘ole boy companies surviving off ancient clientele. The 787 is as competitive in the industry as a washer with a new spin cycle. Get off your high horse. Oracle may not be a leader in new innovations, but at least we wipe the floor with you on our worst day.
Better yet, ride that high horse to go suckle on the teat of the American taxpayer, with your no-bid, billion dollar contracts to produce what China develops for a half million.
Chill. Stocks go up and down.
As someone who lost 75k in unvested stock due to the drop ... yeah, it hurts. And let me tell you we had enough space in our DCs. It's just our numbers were way too good last 2 quarters, now to beat them is impossible. 60$/share is possible, but if that happens (20% rise) FAANG will see atleast 40-50% growth.
The company is doing great. The mgmt gave non conviction guidance at the earning call. The stock was up in after hrs after reporting...now I think guidance was weak because there is an espp purchase on Sept 26th and the WANT the stock low then. Watch next quarter guidance will be confident and stock will pop. It up 37% in the last year..not too bad for an old school tech company.
I would kill to work for a company like Boeing. I wonder if they are looking for programmers... not much of a future here.
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