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
OneChicago
24 Oct 14 12:29:02
$ORCL 20141121 Block Trade: 2626 trade. ~$10.1 MM notional value.
Media Sentiment
24 Oct 14 11:09:51
$ORCL received a new alert. Find out why at http://t.co/5udYd0Ofs6 #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 422
Market Int Center
24 Oct 14 11:00:32
Oracle $ORCL Showing Bearish Technicals With Resistance At $38.74 ( http://t.co/j50wOkBNVv )
HotKeyTrading
24 Oct 14 11:00:13
Unusual Options Activity: Calls: $ORCL $UA $UPS $BMY $XCO $AMZN $MSFT $V $DDD $CAT $NXPI $XLI $PRU $NUE $JNPR http://t.co/XQITF0lRKD #stock
Stockaholics
24 Oct 14 10:37:38
Our Penny Stock Alerts Gained 371% In 2 weeks! Sign Up For Free Text Alerts For Our New Pick: http://t.co/dLDRavoCi4 $MSFT $ORCL $VOD
Stockaholics
24 Oct 14 09:50:59
Our Penny Stock Alerts Gained 371% In 2 weeks! Sign Up For Free Text Alerts For Our New Pick: http://t.co/dLDRavoCi4 $ORCL $YHOO $AMZN
wininstocks2014
24 Oct 14 09:06:07
ORCL 38.665 Stock Charts $ORCL Oracle Corp. (NYSE) Last Updated: 10/24/2014 11:06:08 ORCL Stock Chart - 1 Mont http://t.co/VLFNgtPbjw
jatinam
24 Oct 14 07:26:22
RT @IBDinvestors: Microsoft's revenue growth was the best in four years http://t.co/eSjnE9z3lV $MSFT $ORCL $SAP $IBM
Michael Tannenbaum
24 Oct 14 07:13:44
.@aneelb: from on-premise to SaaS "cultural change is harder for an $ORCL or an $SAP than the technology shift is." http://t.co/bF6O2zda2h
rowdy yates
24 Oct 14 06:26:18
30 years down the road, and I have never had a successful in-place Java update on my (always current) Windows machines. #Java SUX. $ORCL
WallStreet
24 Oct 14 06:13:43
$ORCL - Oracle Corporation (NYSE:ORCL): Oregon Decides To End Ties With Oracle-Built Health Exchange - http://t.co/Cg4FBQdhYP
4-traders.com
24 Oct 14 05:50:49
Oracle : Presolicitation Notice - 70-- Oracle Perpetual License-Maintenance Renewal http://t.co/E26ojvulAG $ORCL
FonsieTrader
24 Oct 14 04:50:55
Parabolic Sar Buy Signals 2/3 $FORM $FRGI $HCBK $HPQ $IPHI $ISBC $JEC $KEY $MCD $MGNX $MSFT $MTN $NRG $NYT $ORCL http://t.co/CY9doyWDDW
Daytradeya
24 Oct 14 04:20:28
@IBDinvestors: Microsoft's revenue growth was the best in four years http://t.co/p8ciSfy9cT $MSFT $ORCL $SAP $IBM
HotKeyTrading
24 Oct 14 04:00:04
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
Henry@Futurist
23 Oct 14 18:37:58
Microsoft Bucks Negative Tech Trend With Q1 Beat http://t.co/Axklga3FwD #IBDNews via @IBDinvestors $MSFT $ORCL
LT
23 Oct 14 17:27:46
RT @IBDinvestors: Microsoft's revenue growth was the best in four years http://t.co/eSjnE9z3lV $MSFT $ORCL $SAP $IBM
Patrick Seitz
23 Oct 14 16:55:53
Microsoft Bucks Negative Tech Trend With Solid Q1 Beat. http://t.co/7L6e7ERgws $MSFT $ORCL $AMZN $NOK $AAPL $GOOGL $IBM $SAP $VMW $EMC
Patrick Seitz
23 Oct 14 16:35:11
RT @IBDinvestors: Microsoft's revenue growth was the best in four years http://t.co/eSjnE9z3lV $MSFT $ORCL $SAP $IBM
The Z
23 Oct 14 16:31:55
Microsoft Bucks Negative Tech Trend With Q1 Beat http://t.co/asdHDxWw43 #IBDNews $MSFT $ORCL $AMZN $NOK $AAPL $GOOGL $IBM $SAP $VMW $EMC
Investors.com
23 Oct 14 16:30:12
Microsoft's revenue growth was the best in four years http://t.co/eSjnE9z3lV $MSFT $ORCL $SAP $IBM
Brett Murphy
23 Oct 14 14:21:44
RT @kevinclosson: If you are an $ORCL investor you should be particularly happy Oracle HW (low margin) saves on Oracle SW (high margin) htt…
Stockaholics
23 Oct 14 13:33:34
Our Penny Stock Alerts Gained 371% In 2 weeks! Sign Up For Free Text Alerts For Our New Pick: http://t.co/dLDRavoCi4 $MSFT $ORCL $VOD
Stockaholics
23 Oct 14 12:30:49
Our Penny Stock Alerts Gained 371% In 2 weeks! Sign Up For Free Text Alerts For Our New Pick: http://t.co/dLDRavoCi4 $ORCL $YHOO $AMZN
Kevin
23 Oct 14 12:28:36
If you are an $ORCL investor you should be particularly happy Oracle HW (low margin) saves on Oracle SW (high margin) http://t.co/ust3Y69XAx
Jefferson Humber
23 Oct 14 12:22:34
@VolcanoKrunkCup @Royal_Market @mydogscool Closed the $ORCL on the #NYCebola story
Michael McEvilly
23 Oct 14 12:12:24
RT @TFMkts: @Kelly_Evans @FedDocumentary @DavidSchawel @M_C_Klein $orcl is the poster child? Flat sales/flat revs/higher eps but doubled de…
Peter Tchir
23 Oct 14 12:07:54
@Kelly_Evans @FedDocumentary @DavidSchawel @M_C_Klein $orcl is the poster child? Flat sales/flat revs/higher eps but doubled debt
WKRB News
23 Oct 14 10:22:26
Oracle Lowered to “Neutral” at Tigress Financial $ORCL http://t.co/OPRKuuI7aE
Tech Alerts
23 Oct 14 09:00:05
Who Should Buy EMC Now? http://t.co/BWYa9lqY3O $CSCO $GE $HPQ $IBM $MSFT $ORCL $RHT $VMW $EMC
Stockaholics
23 Oct 14 08:48:00
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $MSFT $ORCL $VOD
4-traders.com
23 Oct 14 08:20:06
Oracle : SAOUG conference 2014 set to deliver more to more users http://t.co/16tUeNOK6l $ORCL
StockNews
23 Oct 14 08:12:27
$ORCL - TECH STOCKS: Tech Stocks Rise Ahead Of Microsoft, Amazon Earnings http://t.co/KVufhT60S7
Solo traders
23 Oct 14 08:11:57
$ORCL - TECH STOCKS: Tech Stocks Rise Ahead Of Microsoft, Amazon Earnings http://t.co/VMp0U3IG3O
john smith
23 Oct 14 08:11:32
$ORCL - TECH STOCKS: Tech Stocks Rise Ahead Of Microsoft, Amazon Earnings http://t.co/2stNOGQCSR
Harry Walkman
23 Oct 14 07:33:18
$ORCL UPDATE: Tigress Financial Partners Downgrades Oracle http://t.co/zWVIMZvNsV
wininstocks2014
23 Oct 14 06:47:41
ORCL 38.1005 Stock Charts $ORCL Oracle Corp. (NYSE) Last Updated: 10/23/2014 08:47:40 ORCL Stock Chart - 1 Mon http://t.co/LQ26kpnSxH
Stock007
23 Oct 14 06:44:48
RT @TechStockRadar: $MKTO +6% Marketo Hits its Mark, Delivers Strong Q3 Rev Growth via @cmswire http://t.co/ZsgnQ4Swf5 $CRM $ORCL $SAP $IB…
Rob
23 Oct 14 06:43:16
$MKTO +6% Marketo Hits its Mark, Delivers Strong Q3 Rev Growth via @cmswire http://t.co/ZsgnQ4Swf5 $CRM $ORCL $SAP $IBM $TDC
ReleaseTEAM Canada
23 Oct 14 05:52:15
RT @CapitalObserver: Traditional software like $IBM $ORCL & $SAP seeing weakness. $CHKP in network security sector where cloud & open sourc…
Tsachy Mishal
23 Oct 14 05:49:52
Traditional software like $IBM $ORCL & $SAP seeing weakness. $CHKP in network security sector where cloud & open source not a threat
4-traders.com
23 Oct 14 03:25:05
Oracle : Hercules Logistics, Oracle Sign OTM Project http://t.co/BjJOjAFvXe $ORCL
Stockaholics
23 Oct 14 01:34:14
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $ORCL $YHOO $AMZN
gordon gekko is god
22 Oct 14 20:32:59
Who Should Buy EMC Now? http://t.co/dHlR7SxntX $EMC, $CSCO, $GE, $HPQ, $IBM, $MSFT, $ORCL, $RHT, $VMW
gordon gekko is god
22 Oct 14 19:57:11
Enterprise software stocks hit by VMware's numbers http://t.co/AcQzyU39bs $VMW, $ORCL, $RHT, $CTXS, $SPLK, $DATA, $QLIK, $MSTR, $N, $VEEV
gordon gekko is god
22 Oct 14 19:56:48
Enterprise software stocks hit by VMware's numbers http://t.co/AcQzyU39bs $VMW, $ORCL, $RHT, $CTXS, $SPLK, $DATA, $QLIK, $MSTR, $N,
Joshua Payne
22 Oct 14 18:49:15
RT @scalpthatstock: 6 Bearish Engulfing Candles to keep on your intra-day short list http://t.co/FnLYc1CRnG $NOK $XRX $ORCL $S $AMD $DRYS
Colin Macleod
22 Oct 14 18:41:51
6 Bearish Engulfing Candles to keep on your intra-day short list http://t.co/FnLYc1CRnG $NOK $XRX $ORCL $S $AMD $DRYS
Woll Street
22 Oct 14 15:30:30
@Yogibea98873426 @BenCBanks I don't personally care on QE care more about $GOOGL $IBM $BAC $JPM $EBAY $NFLX $ORCL $DDD $YELP earnings
glhaldeman
22 Oct 14 15:01:51
RT @barronstechblog: ServiceNow Rising: Q3 Beats, Q4 View Beats - Tech Trader Daily - Barron's $NOW $CRM $N $WDAY $ORCL $SAP http://t.co/rC…
				
				
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.