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Oracle Loses 2013 Gains Following Top-To-Bottom Losses, Guides Lower

Tyler Durden's picture




 

How quickly the mighty can fall. Once again, a leading market bellweather for how awesome everything is has missed. Missed Top-line; missed bottom-line; guided top-line lower; guided bottom-line lower. It seems, surprise surprise, currency headwinds are to blame for some of the damage.

  • *ORACLE 3Q NON-GAAP EPS 65C, EST. 66C
  • *ORACLE 3Q NON-GAAP REV. $8.97B, EST. $9.37B
  • *ORACLE SEES 4Q NON-GAAP REVENUE DOWN 1% TO UP 4%, EST. UP 5%
  • *ORACLE SEES 4Q NON-GAAP EPS 85C-91C, EST. 88C

 

And after all that, ORCL is now trading down for 2013...

 

and don't forget, ORCL is one of the Top 10 S&P 500 stocks accounting for 90% of its earnings beats last quarter...

 

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Wed, 03/20/2013 - 17:22 | 3354107 88888
88888's picture

Oh the great recovery. Just BTFD. 

Wed, 03/20/2013 - 17:24 | 3354117 FL_Conservative
FL_Conservative's picture

Most important things first: did Larry get everything sold already?

Wed, 03/20/2013 - 18:36 | 3354454 wee-weed up
wee-weed up's picture

Fuck you, Ellison! And the expensive personal jet you rode in on!

Wed, 03/20/2013 - 19:41 | 3354699 Tijuana Donkey Show
Tijuana Donkey Show's picture

Jets homey. He has his own personal fighters, no shit. It's as if the world has options over Oracle bullshit high priced databases? Could M$FT be next, coming off the wreckage of Office 360(They have lost 5 days this year...) and the super sucess of Winblows 8 and the Windblows tablet?

 

(Note, I work in tech, and I'm no fanboi of anybody. I like Apple hardware, and linux pricing..)

Wed, 03/20/2013 - 21:48 | 3355168 Say What Again
Say What Again's picture

Will there be an SEC investigation?

I wish I could post a chart, but I can't, so I'll have to describe this in words.

If you look at a chart of ORCL, there was some unusual volume on 3/15/13.  In fact by my calculations, the volume on that day exceeded 3 sigma of average volume for a 45 day avg, 90 day avg, etc.  Its also interesting to note that ORCL hit an all-time HIGH on that day.

Was someone unloading their position ahead of the earning announcement?

I doubt that the SEC will even notice -- for sure they won't do anything about it!

Wed, 03/20/2013 - 17:30 | 3354149 zorba THE GREEK
zorba THE GREEK's picture

Just the tip of the iceberg.

Wed, 03/20/2013 - 17:50 | 3354262 dtwn
dtwn's picture

 "It's very difficult trying to read the situation. And all the while you're just really wondering are we gonna get hopped up enough to make some bad decisions? Perhaps play a little game called "just the tip". Just for a second, just to see how it feels."


Wed, 03/20/2013 - 21:49 | 3355172 Say What Again
Say What Again's picture

Is that anything like; "Buy the Tip?"

Wed, 03/20/2013 - 17:39 | 3354194 McMolotov
McMolotov's picture

FORWARD!!! *

* into the wood-chipper

Wed, 03/20/2013 - 17:43 | 3354219 slaughterer
slaughterer's picture

Wait until AAPL ZH Shadenfreude when the AAPL plunges below $400.

Wed, 03/20/2013 - 19:44 | 3354714 uncle_vito
uncle_vito's picture

Market will have recovered in the morning.   End of quarter/mo window dressing and Ben is printing.

Wed, 03/20/2013 - 17:23 | 3354112 fonzannoon
fonzannoon's picture

Maria: would you put money to work right here?

Guest 1: Absolutely

Guest 2: I'd wait because I think.....(voice drowned out)

Panel yelling at guest 2: BARK BARK BARK BARK!!!!!!!

Wed, 03/20/2013 - 17:30 | 3354152 Cdad
Cdad's picture

The Cdad proprietary BlowHorn [CNBC] Unwatchable Indicator is well over the 100 mark.  Watching BlowHorn programming at this time is very dangerous, for your trading and your brain stem.  Caution.

Wed, 03/20/2013 - 17:25 | 3354126 max2205
max2205's picture

Btfd

Wed, 03/20/2013 - 18:13 | 3354360 Cdad
Cdad's picture

We've moved on now to BTFC, buddy.  Try to keep up.

Wed, 03/20/2013 - 17:27 | 3354134 RacerX
RacerX's picture

ooh, buying opportunity!

/sarc

Wed, 03/20/2013 - 17:32 | 3354154 economessed
economessed's picture

Who the hell cares about a fractional change in Oracle's performance WHEN THE MOTHER EFFIN FEDERAL RESERVE PRINTS OUT $85 BILLION A MONTH IN FREE CANDY?

Nothing matters but the ink in Ben's printer.  NOTHING.

Wed, 03/20/2013 - 17:32 | 3354158 PAWNMAN
PAWNMAN's picture

Oracle, FedEx, Catapillar all lousy earnings. Not to worry, stawks up anyways! Fed and BOJ affirm endless pump priming. Gold down!?! How can anyone trade this shit!!!!

Wed, 03/20/2013 - 17:38 | 3354190 CrashisOptimistic
CrashisOptimistic's picture

Why are you?

Within 30 miles of where you live there is some farmland you could buy and hire the people who have been farming it to continue.

Wed, 03/20/2013 - 18:03 | 3354324 Joe moneybags
Joe moneybags's picture

Farming, a great way to make a small fortune out of a much larger one.

Wed, 03/20/2013 - 19:43 | 3354704 Tijuana Donkey Show
Tijuana Donkey Show's picture

If you grow corn and soy. Look up Joel Salatin, and see how farming can be without corporate America fucking it all up.

Wed, 03/20/2013 - 18:04 | 3354326 PAWNMAN
PAWNMAN's picture

I'm in the pawn business. The only thing I'm invested in is physical Gold and Silver.

Wed, 03/20/2013 - 19:18 | 3354623 GoldRulesPaperDrools
GoldRulesPaperDrools's picture

You didn't state it, but I'm assuming you have a goodly supply of guns and ammo to go with your metals. :)

Wed, 03/20/2013 - 17:37 | 3354182 PontifexMaximus
PontifexMaximus's picture

Who cares, quarter end ahead, algos working, I couldn't care less. Could be down 50% , market would move higher. Systems have to be perverted to the max.

Wed, 03/20/2013 - 17:39 | 3354195 Cdad
Cdad's picture

I really think we need to change that whole BTFD thing to BTFC [collapse].  Anyone game for an acronym change? 

Wed, 03/20/2013 - 17:48 | 3354245 fuu
fuu's picture

TOWMINTP

Wed, 03/20/2013 - 17:47 | 3354236 Wm the Shrubber
Wm the Shrubber's picture

Yeah, but what does this have to do with Ben's magical policy tool of prestidigitation, elsewhere called the stock market?  One should not ever assume that fundamentals have any bearing on performance in this wonderful reflationary machine!

Wed, 03/20/2013 - 17:54 | 3354275 Grifter
Grifter's picture

I work in Oracle implementations & consulting, my firm is an Oracle Gold Partner; we have multiple clients who are staying put on EBusiness Suite Release 11i & instead choosing to pay the 20% Extended Support penalty this year vs. electing to upgrade to Release 12.  Next year it's another 20%, and then the year after (I think) it's 30%.

Oracle is touting Database 12c & Fusion & Exalytics and they all sound great...for $500M+ operations.  All of the sub-$500M firms are saying screw it, we'll pay the penalty vs. upgrade + implementation consulting services (as most don't have in house Oracle resources beyond the functional Super User role).

The only traction we are seeing are the state & county gov'ts running it who (think) they've got the funds to blow on an upgrade.

Also - Workday is starting to eat Oracle's lunch, killing them in the higher ed space.  I'm actually in the process of getting Workday certified, because there is a metric fuck ton of work out there with Workday implementations.

Wed, 03/20/2013 - 18:32 | 3354437 Miss Expectations
Miss Expectations's picture

Oracle made my work life a living HELL.  It absolutely sucked.  Thanks for the good Workday news.

Wed, 03/20/2013 - 17:55 | 3354281 broken87
broken87's picture

DR COPPER IS HERE TO GIVE THE S&P ITS MEDICINE, I THINK WERE RUNNING LOW ON BEN'S EX PILLS

Wed, 03/20/2013 - 18:21 | 3354394 buzzsaw99
buzzsaw99's picture

AMZN proved that earnings don't matter.

Wed, 03/20/2013 - 19:44 | 3354711 Tijuana Donkey Show
Tijuana Donkey Show's picture

Maybe. I would make an arguement that Amazon is still in a growth phase with some markets. 

Wed, 03/20/2013 - 21:18 | 3355004 earleflorida
earleflorida's picture

mr. brown[ups] will be the tell-tale sign for amazon's deflowering in their eco-rain`deforestation arbor`ation?!  a saturated wetland where the rain`forest will be a arboretum poster child for an on-line eBook... 'easter island memoir's 2013'!?

if only we had another decade or two to regrow the amazon...

Wed, 03/20/2013 - 18:31 | 3354432 Tombstone
Tombstone's picture

10 stocks out of 30 responsible for the Big Ben Blastoff...another excellent example of Wall Street manipulation and the coming sheering of the lambs after the market mysteriously climbs another 30-40% by the fall of 2014.

Wed, 03/20/2013 - 18:43 | 3354494 Kirk2NCC1701
Kirk2NCC1701's picture

So, will Mark Hurd go back to HP, now that he can add his Oracle accomplishments to his resume?

Wed, 03/20/2013 - 19:45 | 3354716 Tijuana Donkey Show
Tijuana Donkey Show's picture

Titty bar, to rub out a solution!

Wed, 03/20/2013 - 18:46 | 3354497 Kirk2NCC1701
Kirk2NCC1701's picture

? deleted duplicate.

Wed, 03/20/2013 - 19:07 | 3354587 gould's fisker
gould's fisker's picture

I thought everything--stock prices, quarterly earnings reports, the price of horsemeat--would always just keep going up no matter what happened.  I don't understand.

Wed, 03/20/2013 - 20:08 | 3354777 Downtoolong
Downtoolong's picture

Worst Oracle ever; they can't predict a damn thing.

 

Wed, 03/20/2013 - 20:53 | 3354932 williambanzai7
williambanzai7's picture

The efficient market hypothesis says this is a bull signal.

Thu, 03/21/2013 - 00:33 | 3355735 Dineroguru
Dineroguru's picture

Time for Larry to turn Chain-saw Mark Hurd loose to chop, chop, chop.  Get rid of another layer or two, R&D skinny to the bone.  These two belong together!

Thu, 03/21/2013 - 05:13 | 3356067 orangegeek
orangegeek's picture

And NASDAQ100 remains below September 2012 highs.

 

http://bullandbearmash.com/chart/nasdaq100-daily-turns-back-above-channe...

 

It's easier for the Fed to move 30 stocks (ie: Dow Jones) rather than 100 (NASDAQ100) or 500 (SP500).

 

Get your PUT orders in soon.

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