Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of business software giant Oracle
So what: Last night's second-quarter report just didn't measure up to Wall Street expectations. Oracle reported $0.54 of non-GAAP earnings per share on $8.8 billion in sales, falling short of the $0.57 and $9.2 billion respective consensus targets.
Now what: At least three analysts downgraded Oracle shares or slashed price targets, noting that the company is "behind the curve" in cloud computing and waiting in vain for hardware orders to roll in. The market took this report as generally bad news for enterprise computing, giving IBM
TIBCO reports earnings tonight, and will give us more clues about the health of the software industry. Frankly, I expect TIBCO, Big Blue, and others to do well in spite of Oracle's weak mojo. The company made some questionable business decisions nearly three years ago that are coming back to haunt it today.
Interested in more info about Oracle? Click here to add it to My Watchlist.
Fool contributor Anders Bylund holds no position in any of the companies mentioned. The Motley Fool owns shares of Oracle and International Business Machines. Motley Fool newsletter services have recommended buying shares of TIBCO Software. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinion, but we all believe that considering a diverse range of insights makes us better investors. Check out Anders' holdings and bio, or follow him on Twitter and Google+. We have a disclosure policy.