Evercore and CLSA have downgraded Oracle (ORCL -8.8%) following its FQ3 miss and light top-line...

Evercore and CLSA have downgraded Oracle (ORCL -8.8%) following its FQ3 miss and light top-line guidance. The numbers have many worried about the impact of cloud apps ... and not just on application software sales. "As customers move to the cloud, you get a lot of the functionality consolidated ... so you need less hardware and less databases and middleware," says Pac Crest. UBS is still bullish: "Historically when they have a miss it’s a great time to buy." Interestingly, cloud rivals are higher - WDAY +1.4%, CRM +0.4%, N +1.2% - even as other peers follow the tech sector lower. IBM -1.6%. INFA -1.6%. RHT -1.1%. (transcript)

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Comments (4)
  • David White
    , contributor
    Comments (5090) | Send Message
    Not sure about CLSA, but Evercore is one of those HFT houses that has been pumping CRM. It doesn't matter that it has been losing money on GAAP for over two year. It doesn't matter that this downtrend is 4+ years in length. These guys are one of the HFT short squeeze experts that effectively steal from real US investors. They should be investigated thoroughly be the SEC.
    21 Mar 2013, 11:45 AM Reply Like
  • scott trader
    , contributor
    Comments (7096) | Send Message
    All these in the cloud companies do it seems is acquire...guess it is better way for then than organically hiring employees and weeding thru the non productives.....the money these CEOs bring home is amazing , Islands , boats , homes........
    21 Mar 2013, 12:31 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
    Perhaps Mark Hurd needs to be replaced and Larry ought to punch the clock a little more often.
    21 Mar 2013, 01:45 PM Reply Like
  • Apollo991
    , contributor
    Comment (1) | Send Message
    ORCL acquiring cloud companies is one thing - but - having a integrated solution portfolio and not a collection of arcane on-premise software and more modern cloud applications is not a viable solution for customers. You get a best of breed application then spend a fortune in implementation trying to tie in to to everything else....
    Money pit!
    22 Mar 2013, 12:04 PM Reply Like
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