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Oracle Misses Sales Estimates Again, Shares Plunge

By  +Follow June 21, 2013 10:00AM
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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


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Results for orcl
Mark Anthony
19 Apr 15 14:58:12
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Stock Battle
19 Apr 15 14:57:38
Be in there trading with us tomorrow on http://t.co/PLrw2hWPso! $aapl $tsla $baba $gpro $amzn $wmt $fb $loco $goog $googl $orcl $intc $cmg
Capital Market Labs
19 Apr 15 13:44:19
$CSCO vs. $MSI vs. $QCOM vs. $ORCL Compared Across 9 Critical Measures http://t.co/fufmlcqjUR http://t.co/jgyfpF34W5
Capital Market Labs
19 Apr 15 12:05:22
$AMAT vs. $ORCL vs. $AAPL vs. $INTC Compared Across 9 Critical Measures http://t.co/gp4Rbs6AdW http://t.co/k1w9LTgsxG
Capital Market Labs
19 Apr 15 11:56:22
$CSCO vs. $ORCL vs. $JNPR vs. $MSI Compared Across 9 Critical Measures http://t.co/9kFl9rTBl1 http://t.co/OLwug4QaI5
A.T.S.
19 Apr 15 10:54:50
$ORCL Uptrend? Check. MACD near 0 line? Check. RSI back to the 40's? Check. Support nearby? Check. http://t.co/uCM1gduxxF
royfberger
19 Apr 15 09:45:11
Where is the $DOW headed? $HPQ $BABA $CLF $AKS $TSM $KGC $ORCL $SPY $QQQ http://t.co/8mR4s08jCl http://t.co/PQaeJt1qus
Ophir Gottlieb
19 Apr 15 05:52:24
$ORCL Revenue is Expanding. Chart: http://t.co/vBYvviv4Xg
Ophir Gottlieb
19 Apr 15 05:02:26
$ORCL vs. $INTC vs. $SAP vs. $QCOM Compared Across 9 Critical Measures Chart: http://t.co/Qu9iuBaBIf
Capital Market Labs
19 Apr 15 02:09:23
$ORCL Revenue is Expanding. Here's the Chart: http://t.co/29Tyh045nX http://t.co/6oxPCXPCBX
ArkangelScrap
19 Apr 15 01:37:22
$ORCL Oracle : Mark Hurd: On Ellison, the cloud and ... http://t.co/lV9EMW7moG
royfberger
18 Apr 15 20:54:06
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Capital Market Labs
18 Apr 15 19:11:23
$MSFT vs. $GOOGL vs. $INTC vs. $ORCL Compared Across 9 Critical Measures http://t.co/S00nxQOTmw http://t.co/UJNfJqZ36n
SmallCaps
18 Apr 15 19:04:56
http://t.co/zyLRFc8QG6 <-- my new trading ebook showing how I make profits trading! $BCC $EWG $SOXL $ORCL $NCLH $CRM
Brian McCallion
18 Apr 15 18:09:51
$ORCL RAC clusters ?? https://t.co/5ny25TxZJl
Time=Best Stock
18 Apr 15 17:17:45
RT @OphirGottlieb: $MSFT vs. $ORCL vs. $INTC Compared Across 9 Critical Measures Chart: http://t.co/INhokjWtT0
Cheo Redondo
18 Apr 15 17:15:44
CNBC's Stock Pops & Drops From April 15: Delta, Oracle, Deckers, Yelp $DAL $DECK $ORCL http://t.co/i4ta2Rk36m via @benzinga
Cheo Redondo
18 Apr 15 17:13:28
Insider Selling: H Raymond Bingham Sells 35,000 Shares of Oracle Stock $ORCL http://t.co/pOeewmEeuL via @RatingsNetwork
Yoenis Cespedes
18 Apr 15 17:01:58
@JackHBarnes RT @OphirGottlieb: $MSFT vs. $ORCL vs. $INTC Compared Across 9 Critical Measures Chart: http://t.co/w9GPSkMCDh
kenr0966
18 Apr 15 16:58:51
RT @OphirGottlieb: $MSFT vs. $ORCL vs. $INTC Compared Across 9 Critical Measures Chart: http://t.co/INhokjWtT0
Ophir Gottlieb
18 Apr 15 16:57:24
$MSFT vs. $ORCL vs. $INTC Compared Across 9 Critical Measures Chart: http://t.co/INhokjWtT0
Capital Market Labs
18 Apr 15 16:04:15
$ORCL vs. $SAP vs. $QCOM Compared Across 9 Critical Measures http://t.co/8ERSCQzjG0 http://t.co/ekkGdDZHf6
Stock Forums
18 Apr 15 16:01:48
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Ophir Gottlieb
18 Apr 15 15:47:52
$CSCO vs. $ORCL vs. $JNPR vs. $AAPL Compared Across 9 Critical Measures Chart: http://t.co/mQ8iLy8nxO
Capital Market Labs
18 Apr 15 15:28:05
$CSCO vs. $AAPL vs. $ORCL vs. $JNPR Compared Across 9 Critical Measures http://t.co/LtbDwPVQFX http://t.co/LJCbp7pKe7
Rosner Stocks
18 Apr 15 15:16:34
$UNH Last Price Updated Saturday, April 18, 2015 5:59:26 PM $TEO $EBR $ORCL $CMG http://t.co/4ySsSCmd9F
Rosner Stocks
18 Apr 15 14:16:13
$ORCL Short Sales Updated Saturday, April 18, 2015 4:59:25 PM $UGAZ $RUSL $CVS $XLP http://t.co/CItQcM9xo1
Rosner Stocks
18 Apr 15 14:16:12
$SVMI News Updated Saturday, April 18, 2015 4:59:25 PM $FXE $FXI $FEYE $ORCL http://t.co/NSC1Dupsw9
Langan Stocks
18 Apr 15 13:14:10
$PBR Reviews Updated Saturday, April 18, 2015 4:03:21 PM $CELG $JNK $ORCL $HD http://t.co/v0f0Ai901u
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18 Apr 15 13:14:09
$F Company Info Updated Saturday, April 18, 2015 4:03:21 PM $HYG $ORCL $IRDM $SVMI http://t.co/yXChBxiK6k
Rosner Stocks
18 Apr 15 13:14:09
$ORCL Investor Opinions Updated Saturday, April 18, 2015 3:59:25 PM $ORCL $PMCB $EMC $UNG http://t.co/CXh25x2170
Market Parse
18 Apr 15 12:46:10
@SergioGambarell Your tweet about $ORCL had a sentiment of 5 and was featured on Market Parse. http://t.co/5WyUW68Klj
Capital Market Labs
18 Apr 15 11:35:29
$MSFT vs. $AAPL vs. $ORCL vs. $FB Compared Across 9 Critical Measures http://t.co/wsA5hWJp9y http://t.co/xR9Q2wpJkS
Ophir Gottlieb
18 Apr 15 10:51:32
$CSCO vs. $ORCL vs. $MSI vs. $JNPR Compared Across 9 Critical Measures Chart: http://t.co/m0p0fEUnwh
IH News Desk
18 Apr 15 10:47:36
$ORCL Short Sales Updated Saturday, April 18, 2015 1:11:13 PM $XLU $MAT $HBI $MCD http://t.co/tPIuytTSTl
Langan Stocks
18 Apr 15 08:08:05
$NFLX Company Info Updated Saturday, April 18, 2015 11:03:19 AM $ORCL $MTL $EBR $CNC http://t.co/NUbkNYsBM5
dailystockplays.com
18 Apr 15 07:24:31
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Rosner Stocks
18 Apr 15 07:08:46
$ORCL Stock Message Board Updated Saturday, April 18, 2015 09:59:24 AM $PFE $ILF $TBT $RIG http://t.co/uV1Vkhm3LG
PolgarStocks
18 Apr 15 07:08:37
$UUP Last Price Updated Saturday, April 18, 2015 09:07:15 AM $ORCL $HBI $VXX $RIGH http://t.co/obSzLzU0J1
royfberger
18 Apr 15 07:06:08
Where is the $DOW headed? $HPQ $BABA $CLF $AKS $TSM $KGC $ORCL $SPY $QQQ http://t.co/8mR4s08jCl http://t.co/rzUP2hMid6
IH News Desk
18 Apr 15 06:44:07
$ORCL Percent Change Updated Saturday, April 18, 2015 09:11:13 AM $SYN $MCP $VZ $QCOM http://t.co/pGF6COe8JT
IH News Desk
18 Apr 15 06:44:04
$XLU Stock Message Board Updated Saturday, April 18, 2015 09:11:13 AM $TQQQ $CURE $ORCL $AXP http://t.co/V19LjOwOxp
PolgarStocks
18 Apr 15 06:07:39
$PBR Last Price Updated Saturday, April 18, 2015 08:07:15 AM $WMT $ORCL $FNMA $AMD http://t.co/ol5y9hGzsR
Capital Market Labs
18 Apr 15 05:43:30
$ORCL vs. $INTC vs. $QCOM vs. $MSFT Compared Across 9 Critical Measures http://t.co/efns8D7nJT http://t.co/B9PJdYV3WA
Ophir Gottlieb
18 Apr 15 03:17:09
$ORCL vs. $MSFT vs. $SAP vs. $INTC Compared Across 9 Critical Measures Chart: http://t.co/Lr0bwjVpWp
Rosner Stocks
18 Apr 15 03:05:38
$CXDC Opinions Updated Saturday, April 18, 2015 05:59:21 AM $WMT $ORCL $INTC $HBI http://t.co/I6DWNXXt9s
PolgarStocks
18 Apr 15 03:05:35
$UPS Recent News Updated Saturday, April 18, 2015 05:07:15 AM $CXDC $KMI $CSCO $ORCL http://t.co/wl0cHQvDeA
PolgarStocks
18 Apr 15 02:04:35
$ORCL Stock Message Board Updated Saturday, April 18, 2015 04:07:15 AM $AXP $DIS $DGAZ $MON http://t.co/JKu527Rj19
Rosner Stocks
18 Apr 15 01:04:15
$GGAL Company Info Updated Saturday, April 18, 2015 03:59:22 AM $MU $ORCL $TWTR $CXDC http://t.co/3s1Kwz5mJF
IH News Desk
17 Apr 15 22:37:35
$GDX Filings Updated Saturday, April 18, 2015 01:11:12 AM $GILD $EWH $ORCL $SLV http://t.co/w6KfTpscxF
				
				
By  +Follow June 21, 2013 10:00AM
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