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 as a contributor and get eyeballs on your content FOR FREE!

Results for orcl
Dividend Yield
20 Sep 14 07:01:17
16 Stocks Hiked Dividends In The Past Week - http://t.co/vbe6FlcGMf $ORCL $MCD $MFST $WPC $KR
4-traders.com
20 Sep 14 05:05:02
Oracle : Primavera Unifier 10.0 Gives Project Leaders New Power to Deliver Projects on Time and on Budget http://t.co/N296P1Le71 $ORCL
4-traders.com
20 Sep 14 04:25:04
Oracle : SAAS and PAAS Cloud Revenue Up 32%, Software and Cloud Revenue Up 6% to $6.6 Billion http://t.co/lSH8rcHSBT $ORCL
Perfor Mance
20 Sep 14 03:30:28
Option Millionaires: nlightn: $ORCL,...Oracle below $40 post-earnings; database sales, cloud in focus http://t.co/otyPLnmJkW
12Stocks.com Tech
20 Sep 14 03:09:47
Oracle CEOs Combine Catz’s Dealmaking With Hurd’s Sales.. http://t.co/QolRVHBBr4 $ORCL #tech #stocks
12Stocks.com Tech
20 Sep 14 03:09:31
[$$] Larry Ellison's Retirement Job: Tackling Hadoop.. http://t.co/kDA0iwgugz $ORCL #tech #stocks
12Stocks.com Tech
20 Sep 14 03:09:14
[$$] Once Again, Oracle Must Reinvent Itself.. http://t.co/F6HW6XeM6b $ORCL #tech #stocks
Chris Bailey
20 Sep 14 02:36:07
Friday's wrap including observations on $JPY, interesting global #shadow banking stats and thoughts on $ORCL & $BABA http://t.co/rDwI2DqOAh
Gregory Gromov
20 Sep 14 02:19:22
RT @ahess247: Safra Catz: "There will be no changes whatsoever," in Oracle's day to day operations. Mark Hurd echoes. $ORCL
Eric Pramono
20 Sep 14 01:49:34
RT @ahess247: Breaking: Larry Ellison to step down as CEO of Oracle. $ORCL. Story to follow at http://t.co/fnAVZcmdod.
Senna Media
20 Sep 14 00:48:37
RT @StockSignaling: Watchlist: $NCMI $RHT $PDLI $VFC $TCBI $ACI $FRAN $GLNG $FHN $ORCL $JBLU $HIMX $MCHX $CAG $SHLD http://t.co/Vtx6dLy0Nw …
Stockaholics
20 Sep 14 00:43:01
$ELRA closed up 288.89% on over 315 MILLION Volume! Get our new penny stock picks: http://t.co/qloC4OFNEn $MSFT $ORCL $VOD
4-traders.com
20 Sep 14 00:30:02
Oracle : founder Ellison plans to step aside http://t.co/C5IDj3H35Q $ORCL
Stockaholics
20 Sep 14 00:07:38
$ELRA closed up 288.89% on over 315 MILLION Volume! Get our new penny stock picks: http://t.co/qloC4OFNEn $ORCL $YHOO $AMZN
Stock Signaling
20 Sep 14 00:01:08
Watchlist: $NCMI $RHT $PDLI $VFC $TCBI $ACI $FRAN $GLNG $FHN $ORCL $JBLU $HIMX $MCHX $CAG $SHLD http://t.co/Vtx6dLy0Nw #investors #dow #nyse
TipRanks
19 Sep 14 23:34:07
4-star analyst @JasonAder from William Blair maintained a HOLD rating on $ORCL. Jason has a +6.8% average return http://t.co/d1aDqxIz8H
TipRanks
19 Sep 14 23:04:02
5-star analyst Brian White from Cantor Fitzgerald maintained a BUY rating on $ORCL. Brian has a 72.7% success rate http://t.co/d1aDqxIz8H
TurboResearch
19 Sep 14 23:03:02
$ORCL Amazing how long it took these "Analysts" to come to this conclusion, clowns kept on saying Buy just last qtr http://t.co/Tgf82giQJc
Scott Spencer
19 Sep 14 22:01:57
RT @Flower_Power_67: #FastMoneyEspresso FINAL TRADES: Pete Najarian —> buy $EBAY Tim Seymour —> buy $ORCL Brian Kelly —> buy $ITB Guy Adami…
Stock Signaling
19 Sep 14 22:01:24
Movers and Shakers: Having Earnings Surprises: $RHT $ORCL $RAD $TIBX $CAG $PWE $FDX $GIS $LEN $PIR $ADBE $ULTA $SPWH $LULU $KR #finance
CatapultMktg
19 Sep 14 20:49:10
Hurd'n Catz indeed. Larry Ellison's lieutenants, Safra Catz and Mark Hurd, will become co-CEOs of Oracle. http://t.co/XAKa0nNYLL $ORCL
TradeLongShort
19 Sep 14 20:29:22
16 stocks in the $SPX were initiated with PPS sell signals on the daily charts including $YHOO $ORCL $AZO $AIG $GME and $BK
12Stocks.com Tech
19 Sep 14 20:07:49
Why MICROS Systems fit into Oracle’s acquisitions strategy.. http://t.co/TBeHimd641 $ORCL #tech #stocks
12Stocks.com Tech
19 Sep 14 20:07:32
Oracle Slips: As Ellison Transitioins, Street Weighs Cloud Risk, Opportunity.. http://t.co/pJGfgsh2IC $ORCL #tech #stocks
12Stocks.com Tech
19 Sep 14 20:07:15
Mark Hurd on being Oracle’s co-CEO and not looking back.. http://t.co/Aw5WVtjnsu $ORCL #tech #stocks
12Stocks.com Tech
19 Sep 14 20:06:59
Stock Pops & Drops: ORCL, WMT, TSLA, SAP.. http://t.co/3a4uBTr9y0 $ORCL #tech #stocks
12Stocks.com Tech
19 Sep 14 20:06:43
[video] Stock Pops & Drops: ORCL, WMT, TSLA, SAP.. http://t.co/QpcJ06RX8j $ORCL #tech #stocks
12Stocks.com Tech
19 Sep 14 20:06:26
Fast Money Final Trade: ORCL, EBAY, ITB, MBLY.. http://t.co/PdFxi2qkCl $ORCL #tech #stocks
12Stocks.com Tech
19 Sep 14 20:06:10
[video] Fast Money Final Trade: ORCL, EBAY, ITB, MBLY.. http://t.co/W0BF0FjYvK $ORCL #tech #stocks
12Stocks.com Tech
19 Sep 14 20:05:53
Oracle's Mark Hurd: We are not replacing Larry.. http://t.co/u0RefTi8KL $ORCL #tech #stocks
12Stocks.com Tech
19 Sep 14 20:05:36
When music stops for Oracle CEO dance, Catz may grab Ellison's chair - analysts.. http://t.co/MjPv7Y8kZq $ORCL #tech #stocks
12Stocks.com Tech
19 Sep 14 20:05:20
When music stops for Oracle CEO dance, Catz may grab Ellison's chair : analysts.. http://t.co/AHcPqAJjwF $ORCL #tech #stocks
12Stocks.com Tech
19 Sep 14 20:05:04
When music stops for Oracle CEO dance, Catz may grab Ellison's chair - Analysts.. http://t.co/CM3Wv7GtCg $ORCL #tech #stocks
12Stocks.com Tech
19 Sep 14 20:04:47
[video] Larry Ellison Will Still Be in Charge at Oracle: Kedrosky.. http://t.co/dHJG9zPsT9 $ORCL #tech #stocks
PolgarStocks
19 Sep 14 19:21:10
Stock Contest!! Pick $DDD and WIN a FREE Tablet!! Enter NOW! Click here for details: http://t.co/OxIDPtAsmU $AGU $JNJ $ORCL $HGU.TO ~
Green Lantern
19 Sep 14 19:07:43
Long $OTIV, $CONN, $BP, $TSLA. Short $ORCL.
Bidness Etc
19 Sep 14 19:00:22
Oracle announced first quarter FY15 results today after market close, with the company disappointing investors http://t.co/dJQJeKPF5h $ORCL
Matrix Ventures.
19 Sep 14 18:51:47
@MarketWatch Larry Ellison's departure is already having a profound impact on Oracle' shares. $ORCL is down.
jonathan wilson
19 Sep 14 18:41:45
$ORCL $BABA
James Billingsley
19 Sep 14 18:31:30
So is $ORCL A buy now? I don't think so! To many questions let it settle out!
Stock Signaling
19 Sep 14 18:31:03
Volume Leaders: $DRC $RHT $PDLI $HIMX $ACI $ANR $FHN $ORCL $JBLU $MCHX $PIR $MDLZ $GNC $DD $VVUS http://t.co/Vtx6dLy0Nw #stockmarket #nasdaq
Bidness Etc
19 Sep 14 18:15:03
Larry Ellison, who founded Oracle 37 years ago, has stepped down as CEO http://t.co/dpo5TpIvZ4 $ORCL
Swing Trade Alerts
19 Sep 14 18:14:43
CNBC:FINAL TRADE: Your first move for Monday, Sept. 22 http://t.co/71NFzLzYAa $ORCL $EBAY $MBLY $ITB
Benjamin Pimentel
19 Sep 14 18:07:17
RT @tpoletti: Good one by @benpimentel on $ORCL's @larryellison as tech's "bad boy" http://t.co/CN3V1rxkZF
Swing Trade Alerts
19 Sep 14 18:04:54
THEFLYNEWS:$BABA $YHOO $ORCL $CNQR $DRC $RHT $IBM $AMZN $INTC On The Fly: Closing Wrap: Full Story http://t.co/nmOdNSjkc4
TalkMarkets
19 Sep 14 17:50:28
Central Banks' Biggest Concern Should Be Market Stability $ORCL $BABA http://t.co/NWJ6agL5gX
Kay Kang
19 Sep 14 17:49:51
RT @Financial_Orbit: Oracle and SAP - big rivalry, big newsflow (part 1) http://t.co/awGlmULXMO $ORCL $SAP
TipRanks
19 Sep 14 17:33:27
2-star analyst Karl Keirstead from Deutsche Bank downgraded rating on $ORCL to HOLD. http://t.co/d1aDqxIz8H
FlowerPower
19 Sep 14 17:23:36
#FastMoneyEspresso FINAL TRADES: Pete Najarian —> buy $EBAY Tim Seymour —> buy $ORCL Brian Kelly —> buy $ITB Guy Adami —> buy $MBLY
Stock Signaling
19 Sep 14 17:01:14
After Hours Volume Leaders: $MUX $BTU $MS $FOXA $GORO $RAD $HERO $MDLZ $CRM $ORCL $WUBA $MDT $SNE $SNY $LBMH http://t.co/Vtx6dLy0Nw #nasdaq
				
				
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.