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. To read our full disclosure, please go to: http://www.equities.com/disclaimer


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
Stock Market Picks
1 Sep 15 06:21:59
$WBA $NKE $ORCL Long and short positions, the easy way to trade #stocks http://t.co/YIh32X4aoT $DIA $QQQ http://t.co/u17O30htiG
FinGraphs
1 Sep 15 06:16:29
RT @fgusequity: $ORCL http://t.co/dZWRGe19sM Pot. cont. Downtrend : LONGERTERM Wly-Dly-Hly combo chart #trading #stocks http://t.co/06hF5QT…
FinGraphs US Equity
1 Sep 15 06:16:26
$ORCL http://t.co/dZWRGe19sM Pot. cont. Downtrend : LONGERTERM Wly-Dly-Hly combo chart #trading #stocks http://t.co/06hF5QTDd7
MyAllies Trading
1 Sep 15 05:53:09
$ORCL Oracle Service Cloud Granted U.S. Department of Defense Authority to Operate http://t.co/0mndaCuAwm
Michael James
1 Sep 15 05:15:41
Subscribers Saw A 525% Gain On $GEQU & A SECRET New Pick Is Out! See The Private Info: http://t.co/RzgF9M02nG $ORCL $YHOO $AMZN
Michael Cook
1 Sep 15 05:12:23
After 3,000% Gains In The Past Year, We Have A Major New Pick Out! Big Update: http://t.co/QTGaTmzV8y $ORCL $YHOO $AMZN
Paul Henry
1 Sep 15 05:11:26
We Sent A SECRET New Penny Stock Pick To Our Platinum Members! Get Exclusive Special Access: http://t.co/sJCFystTVz $ORCL $YHOO $AMZN
Breaking News
1 Sep 15 03:28:03
$ORCL $DAL $ATML: Active Stocks in Review: Oracle Corporation (NYSE:ORCL), Delta …: http://t.co/d05n6BWRLz
EcoAhead
1 Sep 15 01:57:30
RT @InvestProfits: Oracle Corporation (ORCL) is -12% Away from 200 Day Moving Average http://t.co/MdT9M9Uwfp $ORCL #investor #stocks #i…
StockenheimerSchmidt
31 Aug 15 22:51:09
Our Stock Alert On $GEQU More Than QUINTUPLED In 2 Months! See Our Next Big Pick: http://t.co/tPsYlfGs5H $ORCL $YHOO $AMZN
Stock Dawgzz
31 Aug 15 22:50:09
MASSIVE Gains On Penny Stock Picks And The Next Major Pick Is This Week! Big News: http://t.co/hWNboSgA54 $ORCL $YHOO $AMZN
Penny Stockington
31 Aug 15 22:49:12
Our Platinum Members Have Seen $GEQU Gain 448.62% So Far! See Our Major New Pick Early: http://t.co/K8xZlOSSFL $ORCL $YHOO $AMZN
Capital Market Labs
31 Aug 15 16:39:39
Interactive Chart -> http://t.co/Wme47JcXrb $ORCL Earnings are Deteriorating. http://t.co/X9PHCSuFuV
Kym L
31 Aug 15 15:30:37
I'm only half paying attention but did JC recommend $WMT and say no-go for $ORCL ?
OptionsPlay
31 Aug 15 15:12:23
DailyPlay for Tuesday September 1st, 2015 - $ORCL is in a bearish trend with negative momentum http://t.co/JZN8pAR5zM http://t.co/eVynbXUxHA
StockNewsWires
31 Aug 15 14:57:02
$LMT $YHOO $ORCL $GOOG: Lockheed Martin just invested in this Silicon Valley trucking tech …: http://t.co/EEGi4YIoqP
Stephen Belanger
31 Aug 15 12:10:18
$ORCL crams Sparc M7 and InfiniBand into cheaper 'Sonoma' chips via @TheRegister http://t.co/2XsDFur7xA http://t.co/RHPZWM7IBR
DE Asset Management
31 Aug 15 11:01:44
RT @InvestProfits: Oracle Corporation (ORCL) is -12% Away from 200 Day Moving Average http://t.co/MdT9M9Uwfp $ORCL #investor #stocks #i…
InvestProfits
31 Aug 15 10:56:32
Oracle Corporation (ORCL) is -12% Away from 200 Day Moving Average http://t.co/MdT9M9Uwfp $ORCL #investor #stocks #investing
wsnewspublishers
31 Aug 15 08:48:23
Stocks Trending Alert – http://t.co/p2ehhPmdad $ORCL $LUV $CX
Stockmaster101
31 Aug 15 08:15:02
My Friend Made $4 Million Trading Like this! http://t.co/9Vnnw3s1D8 .. $MSFT $ORCL $VOD
iHangout
31 Aug 15 08:11:36
leahanne: Stock DD Board: Volume Alert - ORCL 37.14 Oracle Corp $ORCL Hit a http://t.co/03S2sh8u7d
leahanne
31 Aug 15 08:09:02
Volume Alert - ORCL 37.14 Oracle Corp $ORCL Hit a high today of 37.37 Closing the day 10:30 at 37.14 -0.32 -0. http://t.co/sxzSyNzvvw
stockschamp
31 Aug 15 08:01:24
Gains Over 2500% In one Trade.. Subscribe Here! http://t.co/8WvnrVmkBS .. $ORB $ORC $ORCL
Sweet Platform
31 Aug 15 07:38:23
ORCL Top news - Aug 31st, 2015 $ORCL http://t.co/ymI4DfzFEH
Market Int Center
31 Aug 15 07:38:12
Oracle $ORCL Trading Near $36.53 Support Level ( http://t.co/fLXTZCTYq2 )
Capital Market Labs
31 Aug 15 07:29:43
Interactive Chart -> http://t.co/nUgOSOoG75 $ORCL Return on Equity is Fading. http://t.co/RrQ6ZAfs1x
Capital Market Labs
31 Aug 15 07:17:24
$MSFT vs. $ORCL Head to Head http://t.co/oOwBA0hAO1 http://t.co/S8DnNozFhf
RadiclWealthCreation
31 Aug 15 06:49:32
Oracle $ORCL Facebook $FB and Boeing $BA also posted strong gains on Friday of 1.74%, 1.43%, and 1.04%, respectively. http://t.co/IbI3DEjhVh
Daily Contracts
31 Aug 15 06:47:02
Real-Time feed of company contracts, original agreements and executive updates from @oracle $ORCL http://t.co/jAd3G2otMf
GodmodeTrader.de
31 Aug 15 06:06:14
#Oracle - Der Traum eines jeden Shorties #börse #aktien $ORCL http://t.co/oKMbfC5bQ9 http://t.co/VEuARB4ylD
Large Void Bot
31 Aug 15 06:00:33
Popular: $MDCO, $EXC, $ICPT, $R, $NVO, $ORCL, $ARMH, $STE, $PBR, $IMOS, $AKRX, $LEG, $T, $BMY, $REGN
Michael James
31 Aug 15 05:55:36
Subscribers Saw A 525% Gain On $GEQU & A SECRET New Pick Is Out! See The Private Info: http://t.co/RzgF9M02nG $ORCL $YHOO $AMZN
Paul Henry
31 Aug 15 05:55:26
We Sent A SECRET New Penny Stock Pick To Our Platinum Members! Get Exclusive Special Access: http://t.co/sJCFystTVz $ORCL $YHOO $AMZN
DailyStockPicks
31 Aug 15 05:54:47
$ANFI huge bounce play like $ACI up 18% on Friday. 100%+ upside potential $ORCL $MS $NOV investors read http://t.co/L1jwUV6Bag
Investors Hangout
31 Aug 15 05:50:07
ZIV VelocityShares Daily Inverse VIX Medium Term ETN Short Sales http://t.co/xqfYtMDnQK $ZIV $ORCL $SQQQ $ETAK #ZIV #nasdaq #investing
Michael Cook
31 Aug 15 05:46:40
After 3,000% Gains In The Past Year, We Have A Major New Pick Out! Big Update: http://t.co/QTGaTmzV8y $ORCL $YHOO $AMZN
lookn4wins
31 Aug 15 05:43:32
ORCL Oracle Corp. Tick http://t.co/XSCE75Btwt $ORCL $AMBA $ETAK $MCD #ORCL #invest #share
Rosner Stocks
31 Aug 15 05:40:33
LTNC Labor Smart, Inc. Shares http://t.co/JwvhAo5XWz $LTNC $ORCL $XLF $VTL #LTNC #invest #stock
Lucky Jimmy
31 Aug 15 05:36:05
ETAK Elephant Talk Communications Inc. Stock Message Board http://t.co/4Qz8T8KUZm $ETAK $MA $AMED $ORCL #ETAK #tradeideas #share
Rosner Stocks
31 Aug 15 05:35:03
DUST Direxion Daily Gold Miners Bear 3x Shares Filings http://t.co/Ry0SUUhOvv $DUST $JNUG $ORCL $MDCA #DUST #stocks #invest
IH NASDAQ OMX
31 Aug 15 05:32:36
BIDU Baidu, Inc. Bid http://t.co/cWO3XZbBKR $BIDU $ORCL $T $MA #BIDU #finance #share
ProVesting
31 Aug 15 05:08:04
$ORCL: Active Watchful Movers- Oracle Corporation (NYSE:ORCL), The …: http://t.co/lMRABkDnbi
Stock Market Picks
31 Aug 15 05:04:42
$WBA $NKE $ORCL Long and short positions, the easy way to trade #stocks http://t.co/YIh32X4aoT $DIA $QQQ http://t.co/WFlUuT5Mji
StockNewsWires
31 Aug 15 05:00:04
$INTU $ORCL: Application Software Over 5% ROI: Intuit Inc. (NASDAQ:INTU …: http://t.co/65wu5cBsxJ
ProVesting
31 Aug 15 04:11:02
$ORCL $MSFT: Tech Stocks in Focus: Oracle Corporation (NYSE:ORCL), Microsoft …: http://t.co/xdkffAu0Fg
BreakingStocksNews
31 Aug 15 02:37:04
$MFC $SIRI $ORCL $EFOI: High Velocity Stocks: Manulife Financial (NYSE:MFC), Sirius XM …: http://t.co/ZSOCOYbJUI
Stockmaster101
31 Aug 15 02:34:58
Gains Over 2500% In one Trade.. Subscribe Here! http://t.co/9Vnnw3s1D8 .. $ORCL $YHOO $AMZN
Options Answers
30 Aug 15 23:57:00
RT @PolgarStocks: PMCB PharmaCyte Biotech, Inc. Chart http://t.co/PR5UaqhCGE $PMCB $GS $DWTI $ORCL #PMCB #nasdaq #stocks
leahanne
30 Aug 15 23:44:33
RSX Market Vectors Russia ETF Trust Short Sales http://t.co/FlmEQG82Ow $RSX $TZA $LXRX $ORCL #RSX #stockmarket #nasdaq
				
				
By  +Follow June 21, 2013 10:00AM
Share:

Comments

 

blog comments powered by Disqus

 Today's Must Reads

Welcome to Equities.com's Small-Cap Throwdown


These Analysts Called Apple's (AAPL) Collapse, Here's What They're Saying Now

7 Dow Stocks Worth Owning and a Lot that Aren't

Sprint Turnaround Has Begun


Saving the

Small-Cap Market

 

Small-cap stocks offer investors many benefits, ranging from higher growth potential to overlooked value opportuni... in Equities.com's Hangs on LockerDome

About us

Equities.com is an advanced financial data portal and social network designed to connect self-directed investors with the world’s most innovative startup and small cap companies. Through our in-depth coverage of small cap markets, comprehensive research and stock valuation reports, state of the art issuer products, and world class events, Equities.com provides the social tools and insight that drive tomorrow’s investment relationships and opportunities.

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

Login or Register

LOG IN