logo  
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

Oracle Misses Sales Estimates Again, Shares Plunge

By  +Follow June 21, 2013 10:00AM
Share:
Tickers Mentioned:

OracleOracle’s (ORCL) sales numbers fell short of Wall Street’s expectations on Friday, as the company cited economic weakness in Asia and Latin America for tepid sales growth. Oracle met earnings expectations of $0.87, but reported $10.95 billion in sales while analysts were looking for $11.12 billion.

This marks the second consecutive quarter Oracle has disappointed investors, who are understandably growing impatient with Oracle’s slowing sales and inability to execute financially. However, CEO Larry Ellison says Oracle has not lost its edge.

“It was clearly an economic issue, not a product, competitive issue,” he said.

Yet, some investors fear that Oracle is starting to fall behind competitively.  Many younger, more aggressive rivals such as Salesforce.com (CRM) offer excellent software at competitive prices through the cloud.  They also have solid sales growth despite the sluggish economic, which is why Oracle investors weren’t satisfied with the economy as an excuse for poor numbers.

The silver lining in the report was that Oracle is doubling its quarterly dividend payment to 12 cents per share, which brought the stock’s yields up to around 1.6 percent.  The company also reported guidance that was in-line with estimates.                                                                                                            

Oracle also announced on Thursday that the company is moving its share-listing from the Nasdaq to the New York Stock Exchange.  The company didn’t elaborate very much on the issue, other than saying the switch is in the shareholders’ best interest.

Shares traded down 8.15 percent to $30.50 on Friday, its lowest level since November. Oracle has been one of the worst performers in the software space, as shares are down over 16 percent since March 15.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


Signup for our daily newsletter and get our best articles emailed right to you!

Results for orcl
Stockaholics
27 Jan 15 19:13:54
Our Penny Stock Alert On $QLTS Has Gained 34.62% In The Past 2 Days! Special Update: http://t.co/MNFk4FhSe1 $MSFT $ORCL $VOD
Jeff Ki
27 Jan 15 18:24:58
RT @IBDinvestors: Stock Spotlight: Paycom nears buy point in double bottom base http://t.co/ZIb3x7H23g $PAYC $ORCL http://t.co/kMg9b4suHH
TheRealAlexCurry
27 Jan 15 18:23:51
RT @IBDinvestors: Stock Spotlight: Paycom nears buy point in double bottom base http://t.co/ZIb3x7H23g $PAYC $ORCL http://t.co/kMg9b4suHH
Investing Insight
27 Jan 15 18:16:07
IBDinvestors: Stock Spotlight: Paycom nears buy point in double bottom base http://t.co/kkyAsVh0VV $PAYC $ORCL http://t.co/HbNDhdILyK
Jim Lincoln
27 Jan 15 18:08:40
RT @IBDinvestors: Stock Spotlight: Paycom nears buy point in double bottom base http://t.co/ZIb3x7H23g $PAYC $ORCL http://t.co/kMg9b4suHH
Lamp
27 Jan 15 18:04:00
RT @IBDinvestors: Stock Spotlight: Paycom nears buy point in double bottom base http://t.co/ZIb3x7H23g $PAYC $ORCL http://t.co/kMg9b4suHH
Investors.com
27 Jan 15 18:00:41
Stock Spotlight: Paycom nears buy point in double bottom base http://t.co/ZIb3x7H23g $PAYC $ORCL http://t.co/kMg9b4suHH
IBD Radio Show
27 Jan 15 18:00:40
Stock Spotlight: Paycom nears buy point in double bottom base http://t.co/aj6qXNDA7n $PAYC $ORCL http://t.co/CuTgFika6w
Stock Rocket
27 Jan 15 17:48:46
Our Penny Stock Alert On $QLTS Has Gained 34.62% In The Past 2 Days! Special Update: http://t.co/SK1yaqFkM1 $ORCL $YHOO $AMZN
Judith
27 Jan 15 16:58:54
I'm checking out $ORCL #MobileTrader http://t.co/CIdGjEgpSY
12Stocks.com Tech
27 Jan 15 16:34:35
#Tech #stocks $ORCL Oracle Daily:-1.14% Weekly:-1.14% YTD:-3.49% Trend:43 / 100 http://t.co/3IoKLUxSuq
ModernGraham
27 Jan 15 16:06:04
Oracle Corporation Quarterly Valuation - December 2014 $ORCL - #investing http://t.co/z9TMr0AYBP
HotKeyTrading
27 Jan 15 16:00:08
Stock Picks: Sector Leaders: $TK $AA $CENX $AMAG $FDX $BBBY $CF $F $NKE $BRCD $NI $BHE $HOS $ORCL $SHPG $FINL $INTC $NLY $AAPL $SYMC $LM
FinSentS SP500
27 Jan 15 15:31:42
$ORCL:US Bank Trading Ban, Santander-BOE, Oracle Pay: Compliance #ORACLE CORP http://t.co/hS2buxRTCE #SP500
Sentiquant
27 Jan 15 15:00:07
#SENTISHIFTDOWN $FB $TIME $VZ $MSFT $FCX $A $HE $ORCL $KNDI $CAT #sentiquant 20150127 18:00:08:623
ProTradersNews
27 Jan 15 14:36:03
$ADP $PAYX $ORCL $WDAY: Paycom Software Rises In Crowded Industry ADP PAYX ORCL ODAY: http://t.co/ttwIUXvSex
Stockaholics
27 Jan 15 14:28:58
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/yQwzgQ7fmA $MSFT $ORCL $VOD
Stockaholics
27 Jan 15 13:20:44
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/yQwzgQ7fmA $ORCL $YHOO $AMZN
Gur-Aryeh
27 Jan 15 13:08:22
$ORCL oh dear we may need to break up
Vlad Mazek
27 Jan 15 13:06:54
Big question of the day... can $AAPL save the stock market. Old tech has tanked, will cloud between $ADBE $ORCL, $AAPL, $FB save it all?
12Stocks.com
27 Jan 15 12:59:45
S&P100 #Stocks Trend $SBUX $DVN $CVS $UNP $HON $EXC $UTX $MO $SPG $SO $AEP $TXN $ALL $ORCL $LOW $MMM $AMZN @ http://t.co/GA0wxE19nM
ProTradersNews
27 Jan 15 12:01:04
$MSFT $ORCL: How To Buy And Hold Leveraged ETFs: The Top 7 Outperforming 3x ...: http://t.co/jBmMEDSlKT
Penny Stock Secret
27 Jan 15 11:33:05
This Guy Turned $100 into over $10,000 In Just 30 Days! http://t.co/vezCDY95do .. $ORCL $YHOO $AMZN
BP
27 Jan 15 11:09:38
@RedDogT3 on many stocks like $orcl with well defined support the buyers came with a truck and loaded up :-). selling still light only
CSCO Stock Alerts
27 Jan 15 11:00:01
New IBM, Cisco Data Center Partnership: Details, Analysis http://t.co/tmEDsRzJWd $EMC $HPQ $ORCL $IBM $CSCO
BP
27 Jan 15 10:26:58
got stopped out of several stocks +500. missed $v at 250 pivot $ma at 81. $brcm $nvda $nke $orcl $aapl http://t.co/3QZKU2tT3p
StockNewsWires
27 Jan 15 10:16:01
$ORCL: Morning Watch List - Oracle (ORCL), The Coca-Cola (KO), Merck ...: http://t.co/sV9YS7U2iF
StockNewsWires
27 Jan 15 10:01:02
$ORCL: Company Update (NYSE:ORCL): Agilent, Ross, 7-Eleven, and ...: http://t.co/XqqqsUxfQy
The Oracle
27 Jan 15 09:54:45
@mothership never. Is $ORCL spreading propaganda?
Stockaholics
27 Jan 15 09:37:45
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/yQwzgQ7fmA $ORCL $YHOO $AMZN
Jeff Frick
27 Jan 15 09:06:54
The Role of Cloud in San Francisco's Tech Vision http://t.co/FaON0ZE33j #theCUBE #Oracle #DataCenter #sfgov $ORCL
Seventeen Mile
27 Jan 15 08:44:48
Daddy loves $MSFT here and the Ballmer residue-induced skepticism. $ORCL might be cheaper, but $MSFT has the Board and catalyst potential.
Scott Lee
27 Jan 15 08:38:26
@canuck2usa $ORCL nice move off the 50 day
ProTradersNews
27 Jan 15 07:56:04
$ORCL $S $INFA: Oracle Corporation (NYSE:ORCL) on Considerable Notes With ...: http://t.co/8D26IerqMB
David Jackson
27 Jan 15 07:44:04
RT @SAlphaTech: Cloud Swallowing The Software Business http://t.co/qKOSQBpb8E $ADBE $BOX $CRM $GOOG $HPQ $IBM $MSFT $ORCL $WDAY $AMZN
FinSentS SP500
27 Jan 15 07:38:17
$ORCL:US Bank Trading Ban, Santander-BOE, Oracle Pay: Compliance #ORACLE CORP http://t.co/7aHMVNuIRd #SP500
Jeffrey Blake
27 Jan 15 07:34:32
$ORCL Oracle Corporation (ORCL) Market Share Unlikely To Deteriorate: Piper Jaffray http://t.co/OVa1ADi3bg
John Turner
27 Jan 15 07:34:30
$ORCL Oracle Corporation (ORCL) May Sell Hardware Business To Dell, Says Patrick ... http://t.co/eNSIn3ge9r
Chad Kusserow
27 Jan 15 07:20:54
Remember when $ORCL gave constant-currency guide last Q to deflect from much lower actual hit from USD. Stk was up like 8%- yeah...
Lisa Lincoln
27 Jan 15 07:20:10
QAD Cloud Adoption Earns Positive Analyst Ratings http://t.co/1fGSKUmO7W #IBDNews via @IBDinvestors $QADA $ORCL $SAP
ProVesting
27 Jan 15 07:16:04
$ORCL: Is Oracle Corporation (ORCL)'s Ellison Overpaid? Catherine ...: http://t.co/qlK7Z0YriN
Stock Rocket
27 Jan 15 07:00:49
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/wMEn6i1tkM $MSFT $ORCL $VOD
StockNewsWires
27 Jan 15 06:41:03
$ORCL: Oracle Corporation Witness Large Inflow of Money: http://t.co/TypTmEl5oO
Dakota Financial
27 Jan 15 06:35:49
Oracle Given “AA” Credit Rating by Morningstar $ORCL http://t.co/VT93WNwFAO
Catalyst Global Mkts
27 Jan 15 06:34:03
Good morning, #Traders . Here are some #stocks we're watching today: $CRUS , $ORCL , $ZGNX , .....
CSCO Stock Alerts
27 Jan 15 06:30:02
Three Reasons Why Cisco's Growth Prospects Could Be Strong Going Forward http://t.co/DxyvncaLy1 $EMC $FFIV $IBM $JNPR $NTAP $ORCL $VMW
Tech Stocks SA
27 Jan 15 06:30:00
Cloud Swallowing The Software Business http://t.co/qKOSQBpb8E $ADBE $BOX $CRM $GOOG $HPQ $IBM $MSFT $ORCL $WDAY $AMZN
Breaking News
27 Jan 15 06:26:50
$ORCL What Customers Are Saying About Oracle Exalogic Elastic Cloud http://t.co/0mndaCMbEq
Breaking News
27 Jan 15 06:26:45
$ORCL Agilent, Ross, 7-Eleven, and SriLankan Airlines Among Customers Choosing Oracle Exalogic to Move to the ... http://t.co/0mndaCMbEq
Penny Stock Secret
27 Jan 15 06:14:04
This Guy Turned $100 into over $10,000 In Just 30 Days! http://t.co/vezCDY95do .. $MSFT $ORCL $VOD
				
				
By  +Follow June 21, 2013 10:00AM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.