To take an old cliché of the stock market and twist it around a bit, when a small tech company misses the quarter the question is “what is wrong with the company?”). But when a company like IBM (NYSE: IBM (or, in this case, Oracle (Nasdaq:ORCL)) misses, the question can quickly turn to “what is wrong with the market?”
Taken in total with the results recently reported by Red Hat (NYSE:RHT) and TIBCO (Nasdaq:TIBX), I think it's fair to say that the enterprise and government IT markets are still pretty challenging, but that Oracle in particular also continues to see increasingly aggressive competition not from established rivals like IBM and SAP (NYSE:SAP), but also from newcomers (relatively speaking) like Workday (Nasdaq:WDAY) and Salesforce.com (NYSE:CRM). Even so, I think even relatively modest forecasts for Oracle continue to point to a meaningfully undervalued stock.
Continue here:
http://www.investopedia.com/stock-analysis/062113/it-oracle-or-it-market-orcl-sap-wday-crm.aspx
Investopedia: Is It Oracle, Or Is It The Market?
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