December 22, 2012- Oracle Corporation (ORCL), the world’s third largest software manufacturer has enjoyed a recent surge in the price of its stock. The value of shares, available on NASDAAQ, has increased by a healthy four percent recently, to its highest level in about nineteen months.
The increase in stock value is due, in large part, to the company’s forecast of strong sales in the upcoming year, 2013.
In fact, a significant seventeen percent increase in software sales for the most recently-reported quarter seems to highlight what Oracle Corporation is saying – strong sales are in the company’s short term future.
The good forecast and the company’s recent performance hasn’t escaped the attention of savvy investors. Oracle Corporation stock closed at $34.15 on Wednesday, another sign that this company is doing well.
The company has also announced that it intends to reward its shareholders with a sizable dividend. To that end, Oracle Corporation has set aside $800 million.
It looks as if good times are in the short and perhaps long term future of Oracle Corporation and its shareholders. However, market forces and stock prices are always susceptible to change.
Sales will have to remain brisk for the new forecast to become a reality.