.......back to square one.....wish it was a fake news...
https://www.thestreet.com/story/14527735/1/oracle-slumps-after-disappointing-q3-cloud-sales-tech-sector-weakness.html?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
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Still more of a down side to the Stock due declining Cloud Revenues.
What's worse is that co-CEO Safra Catz predicted in the earnings call with analysts that the cloud growth could dive even further next quarter. "Cloud revenues including SaaS, PaaS and IaaS [all cloud business combined] are expected to grow 19% to 23% in USD, 17% to 21% in constant currency," she told analysts this week.
Oracle gets a mention on ZH
https://www.zerohedge.com/news/2018-03-20/dollar-bitcoin-bond-yields-pop-stocks-get-zuckerbergd-again
ORCL starting to bounce back - outperforming the market. Only a fool would not have jumped into ORCL this AM.
"Time to short the stock! "
The time to do that was yesterday.
Time to short the stock!
47.02 USD −4.93 (9.49%)
Stock down 10%. It'll bounce so I'm buying $100k worth of ORCL stock.
Was comical on the earnings call listening to the 3 stooges tap dancing around questions from the analysts and trying to make dogshit results seem great.
I suspect then, more layoffs to come. I would think they will continue next year.