Dallas, Texas 07/11/2013 (Financialstrend) – Oracle Corporation (NASDAQ:ORCL) has consecutively missed the second quarter estimates of Wall Street. The shares of Oracle Corporation (NASDAQ:ORCL) were sold heavily, and the stock was down throughout the year, despite market hikes. CEO Larry Ellison mentioned that the major reason for the shortfall is the weakening economies prevailing in the world, however Wall Street analysts have always maintained that that Oracle Corporation (NASDAQ:ORCL) is moving too slowly into new markets.
With various technology shifts taking place, Oracle Corporation (NASDAQ:ORCL) and Workda Inc. (NYSE:WDAY) have been nimble by joining in cloud computing. Oracle Corporation (NASDAQ:ORCL) was removed from the NASDAQ 100 index, as Tesla Motors, Inc. (NASDAQ:TSL) took its place.
Oracle recently announced that it will begin trading ex-dividend on July 10, 2013 and informed that $0.12 per share will be paid as cash dividend to its shareholders who purchased Oracle Corporation (NASDAQ:ORCL) stock prior to the ex-dividend date. The Oracle Corporation’s (NASDAQ:ORCL) quarterly results represent a decrease from the prior quarter by around 33.33%.
Oracle Corporation (NASDAQ:ORCL) is a leading company in the technology sector. The stock of Oracle Corporation (NASDAQ:ORCL) declined by 0.53% to close at $31.23 in the last trading session. The stock opened at $31.36 and made an intraday high of $31.44 and an intraday low of $31.05.
In last trading session the share price of Oracle Corporation (NASDAQ:ORCL) had a 52-week high of $36.43 and a 52-week low of $28.61 per share. Over 28.46 million shares were traded in the last session, which is definitely low when compared to the average volume of 31.55 million shares per day. With 62% of institutional ownership, Oracle Corporation (NASDAQ:ORCL) has a market cap of $147.11 billion and total outstanding shares of 4.71 billion.
