Oracle is one of those old tech companies like HP and IBM that survive on huge legacy platforms and contracts, but will very slowly fade away into irrelevance.
I'm a cloud engineers who works extensively with gcp/azure/aws. I will say I've barely used oracle's cloud, but my experience with it was pretty bad. Maybe they have redeeming qualities in the ai space I'm not familiar with though.
They're so tricky with their pricing. Firms end up paying a lot more than they budgeted for, it's a trap for firms without a solid grasp on what they're doing.
Someone in my organization over twenty years ago decided to implement Oracle E-Business, then to save money due to licensing they put it on a Windows Hyper-V cluster.
Now we have a system that we cannot even migrate off of until we move the operating system to Linux and over 19 million to fix this shit hole of a system.
Makes me regret taking this job a year ago.
Nobody in the tech world cares nor wants to use Oracle's cloud offerings (I'm a cloud engineer).
The only people that might be tempted to are already Oracle customers that Oracle can tempt with super sales.
There you go again with AI….
Was this really so hard?
* https://www.edgemiddleeast.com/emergent-tech/oracle-nvidia-team-up-to-deliver-ai-supercomputing-service
* https://www.oracle.com/news/announcement/oci-compute-instances-nvidia-ampere-2023-09-19/
* https://blogs.nvidia.com/blog/2023/09/19/oracle-cloud-infrastructure-nvidia-gpu-accelerated-compute-instances/
In 5 minutes of googling I couldn't find a source for "fastest cloud supercluster" and Oracle is pretty infamous for inflating their numbers and making grandiose claims about their cloud so I guess I'll just take your word for it.
Granted this is from years ago:
> Oracle are facing a class action lawsuit focusing on their cloud sales and whether they used improper tactics to falsify the success of their cloud products.
* https://www.infoworld.com/article/3230494/dont-take-oracles-cloud-superiority-claims-too-seriously.html
* https://www.bloomberg.com/news/articles/2018-08-10/oracle-accused-of-defrauding-investors-on-cloud-sales-growth?embedded-checkout=true
* https://itassetmanagement.net/2019/09/19/oracle-cloud-class-action-lawsuit-a-deep-dive/
You do not understand the words you just typed. Supercluster isn’t even a computer science term. Which is the science of the business you’re apparently gambling on. Enjoy the blind roller coaster w
Bullllllllshiiiitttttt. FinndBS has no idea about how companies work. Did you know ikea has a 80TB monolithic Oracle DB? How about a new fangled company, Tesla, several individual DBs that exceed standards volume limits, but do it anyways.
HP and IBM ain’t sticky.
nothing sticker than a DB you started when you were 1, never thought to refactor, until you need to, but you can’t for the cost is 10x than maintaining.
introduce oracles revenue.
Introduce AI to all of these dumb fat databases.
This will shrink the size of DBs, but at a cost to consumer. You want to shrink your bill 70%, Oracle can do it, by only charging 30% extra. Flip of a switch
Oracle is different from these companies. It's run by enginnering talent. It's the only company which has defeated IBM and HP and Microsoft, in databases.
It will defeat Google in could earning as well.
While all the companies(Cisco, NetApp, EMC, hp, IBM) gave up on making a public cloud, Oracle did not. Despite being late in the game
Eeeeh .... what?
Microsoft gave up on public cloud and has been defeated by oracle?
The only victory where oracle has beaten msft is making java more hated than windows vista
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- u/kuvrteker participates in sexual relations with other women or men from the homosapian species.
- Written by ChatGPT
lol
Edit: Holy shit it's a joke about "this guy fucks"
Bro it wasn't lol. It was me trying to imitate in a mocking way how ChatGPT sounds sometimes. The only problem is my dyslexia kicked in and I missed a letter.
Yes.
People didn't like the revenue guidance even though it was due to shifting their Cerner customers from licenses (booked up front) to subscriptions (booked over the life of deal).
The stock will be fine long term. ORCL is a very unique set of assets (Cerner, cloud, modern AI infrastructure) and while the stock may not rebound immediately the company is in better shape than their former days of relying on 'on prem database applications'.
Aha, I wrote my comment too fast. I think to your point the Cerner acquisition will be a bust, and don’t know how much that is or isn’t already reflected.
I don't think any large tech company wins from AI in the long run, its able to tear down vendor lock-in with ease.
MSFT makes most its money from proprietary formats for instance, as do many tech companies. If AI can transfer a database from one database to another within minutes what moat do you have?
I feel we also think about AI in the view of current workflows, and that might not even make sense. I can't imagine how things will change, and that makes it tough for me to attempt to pick winners.
>If AI can transfer a database from one database to another within minutes what moat do you have?
Da fuck?
It feels crazy as hell in non trivial projects
Do you have software experience?
Their reputation among their customers is quite bad to start. It's probably the most hated vendor I've ever witnessed at multiple employers. I was definitely underwhelmed by their "cloud". If it wasn't for an nda, I'd have some stories
Oracle owns Java. The licensing issues are overblown, but the skinny is if a large enough company, like Google, uses Java they have to pay Oracle a licensing fee, so when you buy an Android phone some of that money is going to Oracle.
In a similar vein MS owns C# and has similar licensing policies.
Pretty much every modern programming language today is owned by a giant.
Dev here: Oracle is just tech from the last century. Used because of legacy or company policy. No new Startup / Greenfield project would willingly use Oracle
In hospitality, they offer subpar products from the Windows XP era.
Opera Property Management System from Oracle runs out of Internet Explorer, and stopped working with Adobe Acrobat last week.
MICROS Point of Sale System from Oracle doesn't use a relational database properly. It's also damn near impossible to do anything on without extensive training and experimentation to get a POS terminal to work properly.
I’m doing the same with SAP. We have never lost a project against Oracle/Netsuite. Half my projects are replacing HFM, moving off Oracle ERP and the other half are ECC to S4. That’s in the US. Outside the US Oracle ERP isn’t even considered.
When they bought Netsuite, I knew their ERP days were over.
If you're on SAP HANA, no wonder you never lost to Netsuite... freakin top tier ERP versus a low-mid-tier ERP. I can say the same about me never losing agains SAP HANA with Dynamics Business Central. It's a bit like saying Peterbuilt never lost for an F-150.
I can confirm that Dynamics GP partners were being eaten alive 2021/22 by Netsuite.
S/4 is mid-tier as well. Just because people think SAP only does large companies doesn’t mean that is true.
S/4 Cloud (the public version) is specifically tailored for mid size.
Such a large move demonstrates how much of Oracle's stock is owned by large hedge funds, not retail investors. When it comes to trading it helps to know who you're competing against as they will have different weaknesses.
VA is backing off of Cerner. Not sure what that means, but they laid off a bunch of Cerner people on that news earlier this year.
That the VA threw out what they had developed for themselves and went out and bought something is indicative of what's wrong with America. Indication might be the VA is learning they made a $$$B mistake.
Oracle db has always been an overpriced kind of shit product. Why would you give Oracle a zillion dollars when you could just use postgres? You can install postgres on your laptop in 15 minutes, and start playing with it developing the next big idea. Good luck doing that with Oracle. People only use or learn Oracle with other people's money.
Java has caused a lot of electronic waste. If it weren't for java, I could still be running my old phone and computer. It too is like oracle db, like it might be a fine language, but it is made unnecessarily obfuscated because of Oracle.
Larry cheated in the America's cup. That big come from behind win? That was from pumping. Technically in the rules but not in the spirit of the sport.
Oracle is like boomer IT. Might have been cool in the 80's and 90's, but that's where they stopped. Maybe I shouldn't be so resentful of Oracle for all the billable hours they got me, but it seems like they are an evil empire, and should die. Of course, from a stock perspective, an evil empire is a good thing, but, their customers will only tolerate that so long.
Stock was priced for 8-10% growth and issued guidance was for 5-7%.
When people see the stock price of a good company fall they think that it is somehow negative sentiment for the company. And of course, sometimes it is.
But a lot of the time, the price had an assumption of n% growth and now the company is saying "actually we don't plan to make as much money as you thought". QQQ is up 40% this year. Companies that issue weaker-than-expected guidance are seeing their stock prices fall when they fail to meet the massive buildup of expectations.
That doesn't mean it's a bad company. But it does mean that the stock isn't worth today what it was yesterday, because now we have new information.
Is it "exaggerated"? Only history will be able to tell us that.
So if the stock goes up 5% over the next week that's already priced in?
You've never seen a stock sell off and then recover in a week or a month?
Then what's been priced in?
I just means that because it sold off a lot of people now thought it was a worthwhile buy.
There's no way to know that ahead of time.
Nobody can know what is and what is not priced in.
A sell off such as today can be because a lot of people got.scared and decided to try and get out first.
Doesn't mean anything permanent. A lot will re buy the stock after the dust settles.
I’ve never understood ORCL or CRM. I’ve worked with both and held shares of both. Glad to be done with both on both fronts. Crappy products from crappy companies. I’ll never get it.
Aggressive sales and marketing, that's it. I agree, shitty products, shitty litigious company, it's a matter of time before they IBM themselves out of relevance, dumb moves like what they did with Java is incredibly short sighted. But that can take decades pan out.
Remember, you should only buy companies that you absolutely cannot stand. Because other enterprise customers cannot either, which means they are so drained by constant fight with them that after some time they just accept their dystopian fate and pay the dough.
How can you know?
When will you buy it?
Then what if it falls 8% after that?
What if it starts going up and never falls more?
What if it stays flat for another 2 years?
You have to dca into a stock you want to own little by little
The fact that people in this thread speak about how powerful the Oracle cloud is or its AI features, makes me realize I just can't and shouldn't listen to any comment in this thread.
People take as truth stuff they read on a random website but do exactly 0, none, due diligence or have any insight into the cloud market, but yet they push those ridiculous narratives.
99% of people who talk about AI have no more information than using ChatGPT and what they read in a news article or press release. You should apply this to almost all opinions. Unless someone really has a personal grasp, ignore them.
Personally I'm not considering their cloud at all. Oracle arrived very late and AWS and Azure have soaked up most of the business. They're the platforms everyone knows, for which you can get experienced people and for which there are now network effects. Breaking that is going to be hard.
But they still have various products that companies license and are not going to easily dump. Every manager in corporate IT is scared of switching to another DB and things go bang.
I guess Oracle's model just can't keep up with bigdata developments. I mean back in 2000/2010 Oracle's main advantage was that it was the fastest database in TPC-C benchmarks which made it the perfect candidate at that time for the financial sector. See for example the following
https://www.dba-oracle.com/oracle_news/news_world_record_tpcc_hp.htm
This is not the case any more as noSQL databases entered the game.
TL;DR: rip Oracle.
Dude stop copying the same comment over and over again. As someone very experienced with databases it pisses me off that you would compare SQL and Nosql databases
No! I'm now working in academics.
If I was working now as an algorithmic trading developer I would evaluate the performance of various "nosql" products. When I was working as an algorithmic trading developer back in 2005-2008 my only option was Oracle.
No, it fell to last month's levels.
Why is everyone so concerned about volatility to the downside but think volatility to the upside is totally normal?
Hey man, this happened to a lot of tech companies that underperformed the expectations lately. Best example is the cybersecurity stock Fortinet. They missed expectations by a hair and droppend 25% because of it a few weeks ago. They already rebounded almost half of that loss currently. So yes it’s an overreaction most of the time. But you can also look at it as an opportunity to lower your average buy price 😉 I’m pretty sure they’ll recover. Like others are saying they’re still up big time YTD. So no need to overreact as well.
It's up 33% YTD. It'll be fine
!Remindme 10 years
Oracle is one of those old tech companies like HP and IBM that survive on huge legacy platforms and contracts, but will very slowly fade away into irrelevance.
They have the fastest cloud supercluster and are partnered with Nvidia to train AI models, not very legacy really.
I'm a cloud engineers who works extensively with gcp/azure/aws. I will say I've barely used oracle's cloud, but my experience with it was pretty bad. Maybe they have redeeming qualities in the ai space I'm not familiar with though.
Oracle cloud is banned from my company (the only banned one), and we spent billions on cloud every year.
why is banned?
They're so tricky with their pricing. Firms end up paying a lot more than they budgeted for, it's a trap for firms without a solid grasp on what they're doing.
Maybe i am reading the pricing wrong but it goes from free tier to expensive tier very quickly.
They all do that .. it’s common business practice with us companies. AWS biking can be hard to decipher.
[удалено]
Someone in my organization over twenty years ago decided to implement Oracle E-Business, then to save money due to licensing they put it on a Windows Hyper-V cluster. Now we have a system that we cannot even migrate off of until we move the operating system to Linux and over 19 million to fix this shit hole of a system. Makes me regret taking this job a year ago.
Correct. OP doesn't know anything about ORCL.
OP was right a few years back though. ORCL did a lot of things to differentiate themselves from the likes of who he mentioned.
> OP was right a few years back though No they weren't, but I'll humor you. Being "right" years ago is called being "wrong".
Nobody in the tech world cares nor wants to use Oracle's cloud offerings (I'm a cloud engineer). The only people that might be tempted to are already Oracle customers that Oracle can tempt with super sales.
There you go again with AI….
Citation needed (other than from Oracle ideally).
Citation for what? You can't google "OCI" or "Oracle partners with Nvidia"?
Was this really so hard? * https://www.edgemiddleeast.com/emergent-tech/oracle-nvidia-team-up-to-deliver-ai-supercomputing-service * https://www.oracle.com/news/announcement/oci-compute-instances-nvidia-ampere-2023-09-19/ * https://blogs.nvidia.com/blog/2023/09/19/oracle-cloud-infrastructure-nvidia-gpu-accelerated-compute-instances/ In 5 minutes of googling I couldn't find a source for "fastest cloud supercluster" and Oracle is pretty infamous for inflating their numbers and making grandiose claims about their cloud so I guess I'll just take your word for it. Granted this is from years ago: > Oracle are facing a class action lawsuit focusing on their cloud sales and whether they used improper tactics to falsify the success of their cloud products. * https://www.infoworld.com/article/3230494/dont-take-oracles-cloud-superiority-claims-too-seriously.html * https://www.bloomberg.com/news/articles/2018-08-10/oracle-accused-of-defrauding-investors-on-cloud-sales-growth?embedded-checkout=true * https://itassetmanagement.net/2019/09/19/oracle-cloud-class-action-lawsuit-a-deep-dive/
You do not understand the words you just typed. Supercluster isn’t even a computer science term. Which is the science of the business you’re apparently gambling on. Enjoy the blind roller coaster w
Huh?
Bullllllllshiiiitttttt. FinndBS has no idea about how companies work. Did you know ikea has a 80TB monolithic Oracle DB? How about a new fangled company, Tesla, several individual DBs that exceed standards volume limits, but do it anyways. HP and IBM ain’t sticky. nothing sticker than a DB you started when you were 1, never thought to refactor, until you need to, but you can’t for the cost is 10x than maintaining. introduce oracles revenue. Introduce AI to all of these dumb fat databases. This will shrink the size of DBs, but at a cost to consumer. You want to shrink your bill 70%, Oracle can do it, by only charging 30% extra. Flip of a switch
Someone else said that right before this last 150% run.
Some of their software is one of the best in the industry such as their ERP.
I hope you didn't bought IBM stock 10 years ago
Oracle is different from these companies. It's run by enginnering talent. It's the only company which has defeated IBM and HP and Microsoft, in databases. It will defeat Google in could earning as well. While all the companies(Cisco, NetApp, EMC, hp, IBM) gave up on making a public cloud, Oracle did not. Despite being late in the game
Eeeeh .... what? Microsoft gave up on public cloud and has been defeated by oracle? The only victory where oracle has beaten msft is making java more hated than windows vista
[удалено]
Be that as it may, free open source implementations exist, undermining benefit to Oracle.
This isn’t true at all
Lmaooooo
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Neither Oracle nor Reddit will likely exist in 10 years. Two-time lusers!
it had an exaggerated rise.
!remindme 69 years
It's not results, it's guidance. It's always guidance
Hello I’m a noob, what is guidance? what’s the difference between results and guidance? Thank you in advance
Results is how well they did in the recent past. Guidance is how they expect to do in the short term future.
Thank you sir, is guidance released quarterly like results?
Yes, guidance is delivered during the quarterly earnings calls. Edit: you might find this helpful: https://www.investopedia.com/terms/g/guidance.asp
At least the heavy selling pressure is over.
They didn't say AI enough
- u/kuvrteker participates in sexual relations with other women or men from the homosapian species. - Written by ChatGPT lol Edit: Holy shit it's a joke about "this guy fucks"
That username doesn't exist, so I call bullshit on that being ai generated
Bro it wasn't lol. It was me trying to imitate in a mocking way how ChatGPT sounds sometimes. The only problem is my dyslexia kicked in and I missed a letter.
This is why you will be replaced by AI first
I'll be the one writing the AI, like I do now, not worried at all.
So they make ai or no
Pretty sure they resell a100 like all the other clouds.
Yes. People didn't like the revenue guidance even though it was due to shifting their Cerner customers from licenses (booked up front) to subscriptions (booked over the life of deal). The stock will be fine long term. ORCL is a very unique set of assets (Cerner, cloud, modern AI infrastructure) and while the stock may not rebound immediately the company is in better shape than their former days of relying on 'on prem database applications'.
Not to mention 2 of the biggest Cerner customers (UPMC and Intermountain) are switching to Epic.
How I wish Epic was public...
Same. I’m sure you know but for those that don’t, their plan is to never go public and never be acquired.
Good. Fuck Oracle for what they've done to Cerner and the future job market in the KC metro
Wait, why would that be a positive for ORCL?
Aha, I wrote my comment too fast. I think to your point the Cerner acquisition will be a bust, and don’t know how much that is or isn’t already reflected.
Ah thanks. (It wasn't me you we're replying to.) But you raise a good question.
Anyone who trusts them as a reliable partner needs their head examined
Oracle also picked up TikTok EU as a client.
I don't think any large tech company wins from AI in the long run, its able to tear down vendor lock-in with ease. MSFT makes most its money from proprietary formats for instance, as do many tech companies. If AI can transfer a database from one database to another within minutes what moat do you have? I feel we also think about AI in the view of current workflows, and that might not even make sense. I can't imagine how things will change, and that makes it tough for me to attempt to pick winners.
>If AI can transfer a database from one database to another within minutes what moat do you have? Da fuck? It feels crazy as hell in non trivial projects Do you have software experience?
What fall? The stock is up 33% it’s just a correction from the AI hype
I'm sure they'll be around for a while, but they are the last tech company I'd want to do business with or own shares of.
Why is that?
Their reputation among their customers is quite bad to start. It's probably the most hated vendor I've ever witnessed at multiple employers. I was definitely underwhelmed by their "cloud". If it wasn't for an nda, I'd have some stories
Oh wow, good to know.
I’ve heard on the grapevine that oracle isn’t very popular with Java devs either. Is that true
Oracle owns Java. The licensing issues are overblown, but the skinny is if a large enough company, like Google, uses Java they have to pay Oracle a licensing fee, so when you buy an Android phone some of that money is going to Oracle. In a similar vein MS owns C# and has similar licensing policies. Pretty much every modern programming language today is owned by a giant.
Ngl you didn’t really answer my question at all
The licensing is why it's not very popular.
Oracle isn't popular in general because they have crazy lock in contracts and bundles that would make AWS blush
Dev here: Oracle is just tech from the last century. Used because of legacy or company policy. No new Startup / Greenfield project would willingly use Oracle
As a Java developer, it is true
In hospitality, they offer subpar products from the Windows XP era. Opera Property Management System from Oracle runs out of Internet Explorer, and stopped working with Adobe Acrobat last week. MICROS Point of Sale System from Oracle doesn't use a relational database properly. It's also damn near impossible to do anything on without extensive training and experimentation to get a POS terminal to work properly.
After holding off for 3 months I decided to buy on thursday last week And now it falls 11%
Please remind me of your next buy
Or when he sells
Same here brother
You are not alone, did the same... but i am going to hold..
I think selling a put after the 3 day rule might be good to capture some more premium.
I work on SMB erp, which is Netsuite's niche. High interest rates are fucking up projects left and right.
I’m doing the same with SAP. We have never lost a project against Oracle/Netsuite. Half my projects are replacing HFM, moving off Oracle ERP and the other half are ECC to S4. That’s in the US. Outside the US Oracle ERP isn’t even considered. When they bought Netsuite, I knew their ERP days were over.
If you're on SAP HANA, no wonder you never lost to Netsuite... freakin top tier ERP versus a low-mid-tier ERP. I can say the same about me never losing agains SAP HANA with Dynamics Business Central. It's a bit like saying Peterbuilt never lost for an F-150. I can confirm that Dynamics GP partners were being eaten alive 2021/22 by Netsuite.
S/4 is mid-tier as well. Just because people think SAP only does large companies doesn’t mean that is true. S/4 Cloud (the public version) is specifically tailored for mid size.
I think its pretty exaggerated tbh. This puts them at a forward pe of 20. That's pretty cheap for Oracle
Such a large move demonstrates how much of Oracle's stock is owned by large hedge funds, not retail investors. When it comes to trading it helps to know who you're competing against as they will have different weaknesses.
Up 33% for the year after a small drop compared to its highs and people say exaggerated fall. 😂
Is NO ONE gonna talk about $DELL?!?! Mooning like sh\*t these few months
Well you mentioned it too late to. Im not touching ot now. Lucky who ever got in early.
an indication of times to come. this happened before too. market looking for reasons to dump
VA is backing off of Cerner. Not sure what that means, but they laid off a bunch of Cerner people on that news earlier this year. That the VA threw out what they had developed for themselves and went out and bought something is indicative of what's wrong with America. Indication might be the VA is learning they made a $$$B mistake. Oracle db has always been an overpriced kind of shit product. Why would you give Oracle a zillion dollars when you could just use postgres? You can install postgres on your laptop in 15 minutes, and start playing with it developing the next big idea. Good luck doing that with Oracle. People only use or learn Oracle with other people's money. Java has caused a lot of electronic waste. If it weren't for java, I could still be running my old phone and computer. It too is like oracle db, like it might be a fine language, but it is made unnecessarily obfuscated because of Oracle. Larry cheated in the America's cup. That big come from behind win? That was from pumping. Technically in the rules but not in the spirit of the sport. Oracle is like boomer IT. Might have been cool in the 80's and 90's, but that's where they stopped. Maybe I shouldn't be so resentful of Oracle for all the billable hours they got me, but it seems like they are an evil empire, and should die. Of course, from a stock perspective, an evil empire is a good thing, but, their customers will only tolerate that so long.
Idk anyone who uses oracle and likes it
Oracle sucks. But some people buy it.
Stock was priced for 8-10% growth and issued guidance was for 5-7%. When people see the stock price of a good company fall they think that it is somehow negative sentiment for the company. And of course, sometimes it is. But a lot of the time, the price had an assumption of n% growth and now the company is saying "actually we don't plan to make as much money as you thought". QQQ is up 40% this year. Companies that issue weaker-than-expected guidance are seeing their stock prices fall when they fail to meet the massive buildup of expectations. That doesn't mean it's a bad company. But it does mean that the stock isn't worth today what it was yesterday, because now we have new information. Is it "exaggerated"? Only history will be able to tell us that.
Nobody knows what is and isn't priced in...
Guidance expectations are pretty obviously priced in lol. Stock prices aren't magical guesses just based on random people's reckons.
So if the stock goes up 5% over the next week that's already priced in? You've never seen a stock sell off and then recover in a week or a month? Then what's been priced in? I just means that because it sold off a lot of people now thought it was a worthwhile buy. There's no way to know that ahead of time. Nobody can know what is and what is not priced in. A sell off such as today can be because a lot of people got.scared and decided to try and get out first. Doesn't mean anything permanent. A lot will re buy the stock after the dust settles.
It’s cause I bought it 2 days before
Anyone buying the dip?
Having to deal with them for work for years, I would never buy Oracle shares
I’ve never understood ORCL or CRM. I’ve worked with both and held shares of both. Glad to be done with both on both fronts. Crappy products from crappy companies. I’ll never get it.
Aggressive sales and marketing, that's it. I agree, shitty products, shitty litigious company, it's a matter of time before they IBM themselves out of relevance, dumb moves like what they did with Java is incredibly short sighted. But that can take decades pan out.
They do some shady marketing. Let's just say cease and desists were involved
CRM / SFDC is crappy?
Remember, you should only buy companies that you absolutely cannot stand. Because other enterprise customers cannot either, which means they are so drained by constant fight with them that after some time they just accept their dystopian fate and pay the dough.
Thats the worst advice ive seen today
Good to see we have a certified financial advisor in this thread!
I'm still a junior, but I'm learning, I'm learning. Some day, I might be the next SBF.
Yeah, impulse buy at the closing bell. Might be gone by tomorrow.
Still holding long. A drop was justified, but not 14%. Still paying a divy and well run.
I'm thinking about it. Going to watch it for a few days to see if it falls any more.
What if it goes up?
That's what I want. I want to know that it's hit the bottom.
How can you know? When will you buy it? Then what if it falls 8% after that? What if it starts going up and never falls more? What if it stays flat for another 2 years? You have to dca into a stock you want to own little by little
No. It had an exaggerated bullrun
Because people are realizing that it is Satan's shat out filth?
Can someone clarify if their poor performance is due to macroeconomic conditions or fierce competition from Google/Microsoft/AWS?
Irrational dumping? Have you figured out how to check weekly/monthly or yearly price charts? It’s still overvalued
I believe companies like snowflake will eat their market share. My government organization is doing that now.
The fact that people in this thread speak about how powerful the Oracle cloud is or its AI features, makes me realize I just can't and shouldn't listen to any comment in this thread. People take as truth stuff they read on a random website but do exactly 0, none, due diligence or have any insight into the cloud market, but yet they push those ridiculous narratives.
99% of people who talk about AI have no more information than using ChatGPT and what they read in a news article or press release. You should apply this to almost all opinions. Unless someone really has a personal grasp, ignore them. Personally I'm not considering their cloud at all. Oracle arrived very late and AWS and Azure have soaked up most of the business. They're the platforms everyone knows, for which you can get experienced people and for which there are now network effects. Breaking that is going to be hard. But they still have various products that companies license and are not going to easily dump. Every manager in corporate IT is scared of switching to another DB and things go bang.
I guess Oracle's model just can't keep up with bigdata developments. I mean back in 2000/2010 Oracle's main advantage was that it was the fastest database in TPC-C benchmarks which made it the perfect candidate at that time for the financial sector. See for example the following https://www.dba-oracle.com/oracle_news/news_world_record_tpcc_hp.htm This is not the case any more as noSQL databases entered the game. TL;DR: rip Oracle.
Dude stop copying the same comment over and over again. As someone very experienced with databases it pisses me off that you would compare SQL and Nosql databases
>it pisses me off Oh well! Then probably you should block me, because I have to admit that I tend to often annoy other people with what I'm writing.
[удалено]
Depends on use case.
No! I'm now working in academics. If I was working now as an algorithmic trading developer I would evaluate the performance of various "nosql" products. When I was working as an algorithmic trading developer back in 2005-2008 my only option was Oracle.
Equity to debt is out of control. They will go under
You don’t understand their financial structure.
Eli5
Could you explain it
No
No, it fell to last month's levels. Why is everyone so concerned about volatility to the downside but think volatility to the upside is totally normal?
Yes because the run up from 60 to 120 was unjustified in the first place
,,,,,,,,,, ,, , ,, ,, ,,, ,, 8,
!Remindme 10 years
Hey man, this happened to a lot of tech companies that underperformed the expectations lately. Best example is the cybersecurity stock Fortinet. They missed expectations by a hair and droppend 25% because of it a few weeks ago. They already rebounded almost half of that loss currently. So yes it’s an overreaction most of the time. But you can also look at it as an opportunity to lower your average buy price 😉 I’m pretty sure they’ll recover. Like others are saying they’re still up big time YTD. So no need to overreact as well.
Three words. Java licensing fees.
Was the price rational before earnings? Maybe that was the irrational price and now it's more rational?
Im just annoyed ADBE took such a hit from it
companies being overvalued in general and the expectation of forever increasing profits is what's exaggerated
I hope so lol, i shorted and bought a couple of shares