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.


Liked What You Read? Join Equities.com and Connect With Your Favorite Financial Experts FOR FREE! Members of Equities.com gain access to our leading financial news and content, active social investment community, proprietary research tools including the 2014 Small-Cap Stars, E.V.A. reports and more.

Results for orcl
Rosner Stocks
21 Dec 14 06:48:39
$ESRX Financials Updated Sunday, December 21, 2014 08:59:22 AM $JCP $ADMD $FB $ORCL http://t.co/axNTVhw0P4
Langan Stocks
21 Dec 14 06:48:35
$XLB Stock Message Board Updated Sunday, December 21, 2014 09:03:20 AM $PLKD $ORCL $CHK $JBLU http://t.co/tlE2aSCcS4
HotKeyTrading
21 Dec 14 06:30:03
Top Stock Picks: $FOX $CERS $BBRY $YHOO $KMX $CVS $ESV $BAS $ORCL $ISIS http://t.co/Vv2VEnpBuv #dow #swingtrading #wallstreet #markets #mkt
PennyStock Zone
21 Dec 14 06:15:02
http://t.co/X5RWmIYKd4 Use coupon code PROFITMAS on any Profitly newsletter 50%+ discount! OVAS $PIR $ORCL $RAD
Russell Barbour
21 Dec 14 05:55:41
http://t.co/MTBJqkovRA Use coupon code PROFITMAS on any Profitly newsletter 50%+ discount! OVAS $PIR $ORCL $RAD
Rosner Stocks
21 Dec 14 05:48:25
$MNST Opinions Updated Sunday, December 21, 2014 07:59:26 AM $KO $CTAS $ORCL $CTIX http://t.co/dCvkSD8iyt
Maleah
21 Dec 14 05:08:06
http://t.co/IQr4K3PgzM Use coupon code PROFITMAS on any Profitly newsletter 50%+ discount! OVAS $PIR $ORCL $RAD
HotKeyTrading
21 Dec 14 04:30:03
Top Stock Picks: $FOX $CERS $BBRY $YHOO $KMX $CVS $ESV $BAS $ORCL $ISIS http://t.co/Vv2VEnpBuv #stocks #swingtrading #nyse #trader #dow
HotKeyTrading
21 Dec 14 04:00:07
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
Langan Stocks
21 Dec 14 03:45:30
$AGIO Investor Opinions Updated Sunday, December 21, 2014 06:03:19 AM $INTC $X $URI $ORCL http://t.co/SDccslQpNU
Langan Stocks
21 Dec 14 03:45:29
$DIS Stock Message Board Updated Sunday, December 21, 2014 06:03:19 AM $URI $ORCL $LUV $XIV http://t.co/fkUR1FJwtW
IH News Desk
21 Dec 14 03:02:04
$BOLT News Updated Sunday, December 21, 2014 05:11:12 AM $FXI $BABA $GIS $ORCL http://t.co/YID1jd1NQD
PolgarStocks
21 Dec 14 02:48:28
$FMD Stock Message Board Updated Sunday, December 21, 2014 05:07:15 AM $BIB $RAD $C $ORCL http://t.co/IODWjGtWT0
blisslogix
21 Dec 14 01:38:49
RT @ForTraders: #ORACLE CORPORATION : ex-dividend day http://t.co/jNNsgHQRSV $ORCL
Maleah
21 Dec 14 01:09:00
http://t.co/IQr4K3PgzM Use coupon code PROFITMAS on any Profitly newsletter 50%+ discount! OVAS $PIR $ORCL $RAD
4-traders.com
21 Dec 14 01:00:30
#ORACLE CORPORATION : ex-dividend day http://t.co/jNNsgHQRSV $ORCL
PolgarStocks
21 Dec 14 00:46:37
$DISCA Reviews Updated Sunday, December 21, 2014 03:07:18 AM $AGIO $AVGO $UGL $ORCL http://t.co/L0wgzw87Jg
SmallCaps
21 Dec 14 00:23:49
http://t.co/hqmRmOT1rK Use coupon code PROFITMAS on any Profitly newsletter 50%+ discount! OVAS $PIR $ORCL $RAD
Tweed
20 Dec 14 23:00:01
I'm checking out $.ORCL150117C44 #MobileTrader Specific Strike option chart for $ORCL vs underlying comparison. http://t.co/NWG7XnCf1Y
Rosner Stocks
20 Dec 14 22:40:40
$ORCL Recent News Updated Sunday, December 21, 2014 00:59:24 AM $BITA $EEM $DBA $TQQQ http://t.co/GfXew1FfJb
Stock Signaling
20 Dec 14 22:01:32
Movers and Shakers: Having Earnings Surprises: $CCL $BBRY $NQ $RHT $CAG $PIR $NKE $RAD $ACN $JBL $FDX $ORCL $NAV $DRI $PAY #mkt #nasdaq
IH News Desk
20 Dec 14 21:56:06
$ORCL Company Info Updated Sunday, December 21, 2014 00:11:23 AM $CENX $CSCO $CHK $CRK http://t.co/yy4dfrmwsW
ProTradersNews
20 Dec 14 20:48:07
$ORCL: Software Subscriptions Surge http://t.co/ltN2MFGesh http://t.co/WwQmOxIQde
Rosner Stocks
20 Dec 14 19:38:12
$ORCL Stock Price Updated Saturday, December 20, 2014 9:59:23 PM $C $BEAV $SCTY $TQQQ http://t.co/Mw4QpvAUA3
Rosner Stocks
20 Dec 14 19:38:11
$EEM Percent Change Updated Saturday, December 20, 2014 9:59:23 PM $ORCL $UCO $GDX $EA http://t.co/DZZnPnWMBa
PolgarStocks
20 Dec 14 18:39:14
$ABT Filings Updated Saturday, December 20, 2014 9:07:19 PM $SLTD $AVGO $ORCL $XLK http://t.co/0g9DP8OKy6
Rosner Stocks
20 Dec 14 18:37:33
$ORCL Investor Opinions Updated Saturday, December 20, 2014 8:59:24 PM $VXX $ADMD $T $BIDU http://t.co/Zc87RHh4Tk
HotKeyTrading
20 Dec 14 18:30:04
Top Stock Picks: $FOX $HD $BBRY $YHOO $ORCL $CVS $ESV $BAS $KMX $ISIS http://t.co/TRx9EnjwT5 #trading #analyst #nyse #finance #daytrader
PennyStock Zone
20 Dec 14 18:13:30
http://t.co/X5RWmIYKd4 Use coupon code PROFITMAS on any Profitly newsletter 50%+ discount! OVAS $PIR $ORCL $RAD
Stockaholics
20 Dec 14 17:53:27
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $ORCL $YHOO $AMZN
Rosner Stocks
20 Dec 14 16:36:24
$ORCL Stock Price Updated Saturday, December 20, 2014 6:59:26 PM $FXB $AKS $HYG $XLI http://t.co/L5Yv5jxTED
Maleah
20 Dec 14 16:35:39
http://t.co/IQr4K3PgzM Use coupon code PROFITMAS on any Profitly newsletter 50%+ discount! OVAS $PIR $ORCL $RAD
HotKeyTrading
20 Dec 14 16:30:03
Top Stock Picks: $FOX $HD $BBRY $YHOO $ORCL $CVS $ESV $BAS $KMX $ISIS http://t.co/Vv2VEnpBuv #stock #wallstreet #swingtrading #watchlist
HotKeyTrading
20 Dec 14 16:00:07
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
PennyStock Zone
20 Dec 14 15:13:54
http://t.co/X5RWmIYKd4 Use coupon code PROFITMAS on any Profitly newsletter 50%+ discount! OVAS $PIR $ORCL $RAD
Maleah
20 Dec 14 15:11:56
http://t.co/IQr4K3PgzM Use coupon code PROFITMAS on any Profitly newsletter 50%+ discount! OVAS $PIR $ORCL $RAD
シ Jimmy Cox
20 Dec 14 14:56:48
RT @BrandonRCard: @GuyAdami - $ORCL earnings prove $IBM is way undervalued (PE=9) $IBM cloud is growing faster than anyone knows but not as…
IH News Desk
20 Dec 14 14:51:21
$ORCL Stock Forum Updated Saturday, December 20, 2014 5:11:24 PM $SLW $RSP $ITB $SLTD http://t.co/qXLRoLX5ik
Stockaholics
20 Dec 14 13:52:19
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $ORCL $YHOO $AMZN
IH News Desk
20 Dec 14 13:51:28
$DOW Stock Forum Updated Saturday, December 20, 2014 4:11:20 PM $LNKD $ORCL $SLV $DISCA http://t.co/LAmXCNPnGq
Gordon Metze
20 Dec 14 13:38:50
RT @StockTwits: Something incredible is about to happen in the tech sector. Look at Oracle http://t.co/NVtumGrgSa $ORCL http://t.co/v2LeDH…
Maleah
20 Dec 14 13:34:22
http://t.co/IQr4K3PgzM Use coupon code PROFITMAS on any Profitly newsletter 50%+ discount! OVAS $PIR $ORCL $RAD
Langan Stocks
20 Dec 14 13:33:11
$GILD Percent Change Updated Saturday, December 20, 2014 4:03:27 PM $BABA $SSO $ORCL $PLUG http://t.co/T7rC6ytlLo
Rosner Stocks
20 Dec 14 12:32:15
$ORCL Financials Updated Saturday, December 20, 2014 2:59:24 PM $USO $BIDU $IMSC $NEM http://t.co/tH8l3SEn7K
TheEquitiesRoom
20 Dec 14 12:15:08
Earnings Winners for the Week of 12/15: $PLAY $ORCL $RAD $ACN $AKS $KMX $RHT and more http://t.co/4KzfSK3jab
TheEquitiesRoom
20 Dec 14 12:13:23
Heat Checklist for Week of 12/15: $CUBA $OVAS $INGN $ORCL $XNCR $ASPX $TTPH $SRNE $ISIS and more http://t.co/daqIbXBK0f
Maleah
20 Dec 14 11:11:43
http://t.co/IQr4K3PgzM Use coupon code PROFITMAS on any Profitly newsletter 50%+ discount! OVAS $PIR $ORCL $RAD
ProVesting
20 Dec 14 10:33:02
$CSCO $ORCL: Can Cisco Systems, Inc. (CSCO) Make A Move Up In 2015? http://t.co/n9gfwpoATt http://t.co/s8yML7a49f
PolgarStocks
20 Dec 14 10:31:09
$KO Company Info Updated Saturday, December 20, 2014 1:07:25 PM $ORCL $YUM $X $EPI http://t.co/iRuQwt3xqY
SmallCaps
20 Dec 14 10:15:29
http://t.co/hqmRmOT1rK Use coupon code PROFITMAS on any Profitly newsletter 50%+ discount! OVAS $PIR $ORCL $RAD
				
				
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.