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Stock Market & Financial Investment News

News Breaks
August 22, 2014
11:26 EDTCALD, ORCL, CRM, NSalesforce.com rallies following beat and raise quarter
Shares of cloud computing solutions provider Salesforce.com (CRM) are advancing after the company posted better than expected second quarter results, and raised its fiscal 2015 outlook. WHAT'S NEW: Last night, Salesforce.com reported Q2 adjusted EPS of 13c and revenue of $1.32B, topping analysts’ consensus estimates of 12c and $1.29B, respectively. Q2 operating cash flow came in at $246M, up 34% year-over-year. WHAT’S NOTABLE: For FY15, Salesforce.com raised its EPS view to 50c-52c from 49c-51c, compared to consensus of 51c. It also boosted its FY15 revenue outlook to $5.34B-$5.37B from $5.3B- $5.34B, versus consensus of $5.34B. CEO Marc Benioff said, "Salesforce.com continues to be the fastest growing top 10 software company with 38% year-over-year growth in revenue, and more than 30% year-over-year growth in deferred revenue and operating cash flow in the second quarter." On the company’s Q2 earnings conference call, Benioff noted that Europe was performing "beyond expectations," and that the company was just now beginning to realize the enormous potential of international opportunities. The company plans to introduce a "major new product" at the upcoming Dreamforce event. ANALYST REACTION: This morning, analyst commentary was decidedly positive. Deutsche Bank raised its price target for Salesforce.com shares to $70 from $65, saying the company's set-up for the second half looks better following its Q2 results. The firm reiterated its Buy rating on the stock. Another firm, UBS, also raised its price target on the shares to $76 from $73. The firm sees stronger tailwinds in the second half including its large enterprise deal pipeline, upcoming event catalysts, and deals in SMB. UBS has a Buy rating on the stock. Oppenheimer thinks the company's guidance for the remainder of the year can still rise further. The firm believes that the company's success in marketing and platform products could enable its revenue to beat expectations going forward. It kept a $71 price target and Outperform rating on the shares. PRICE ACTION: In late morning trading, Salesforce.com rose $4.60, or about 8.25%, to $60.31 on over three times its average daily trading volume. Including today’s advance, the stock has gained approximately 37% over the past twelve months. OTHERS TO WATCH: Other companies in the cloud-based solutions space include Callidus Software (CALD), NetSuite (N), and Oracle (ORCL).
News For CRM;CALD;N;ORCL From The Last 14 Days
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April 23, 2015
17:40 EDTNNetSuite sees FY15 EPS including impact from Bronto of about 21c
Sees FY15 revenue including impact from the Bronto acquisition of $730M-$743M. The company sees the Bronto transaction closing in June.
17:28 EDTNNetSuite sees FY15 EPS about 32c, consensus 33c
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17:27 EDTNNetSuite sees Q2 EPS 3c-4c, consensus 6c
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16:33 EDTNNetSuite reports Q1 adjusted EPS 11c, consensus 5c
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11:31 EDTCRMOptions with increasing implied volatility
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10:53 EDTCRMSalesforce.com spikes higher, levels to watch
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10:50 EDTCRMSalesforce.com calls active on renewed takeover chatter
Salesforce.com April weekly 68 and 69 calls are active on total call volume of 7K contracts (1K puts) on renewed takeover speculation. April weekly option implied volatility is at 34, May is at 23, June is at 33, July is at 29; compared to its 26-week average of 33 according to Track Data. Active call volume suggests traders taking positions for large price movement.
10:45 EDTCRM, ORCLRumor: Salesforce.com active on renewed takeover speculation
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09:10 EDTNNetSuite to acquire Bronto Software for $200M
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07:34 EDTNNetSuite volatility elevated into Q1 and outlook
NetSuite May call option implied volatility is at 45, June is at 34, July is at 30; compared to its 26-week average of 34 according to Track Data, suggesting large near term price movement into the expected release of Q1 results today.
April 22, 2015
11:08 EDTCRMOptions with increasing implied volatility
Options with increasing implied volatility: CZR FMSA PSEC CSX AEO CRM BBY SPLS HPQ DTV
09:04 EDTCALDCallidus Software weakness creates buying opportunity, says Roth Capital
Roth Capital predicts that Callidus will report higher than expected Q1 revenue but in-line earnings. The firm expects the company's accelerating revenue to result in upward pressure on the stock. It finds the stock attractive given the company's accelerating growth and reiterates a $22 price target and Buy rating on the shares.
07:19 EDTNNetSuite price target lowered to $108 ahead of Q1 report at Stephens
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April 21, 2015
09:32 EDTNNetSuite view changed to Mixed from Positive at OTR Global
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April 17, 2015
09:36 EDTCRMActive equity options trading on open
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April 16, 2015
17:55 EDTCRMCloud computing firms lower after ServiceNow reports Q1 results, guidance
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15:44 EDTORCLCSC holding 'loose' deal talks, not running formal process, dealReporter says
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09:07 EDTCRMSalesforce.com's chief architect Scott Hansma joins LendingClub
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April 15, 2015
11:23 EDTCRMSalesforce.com participates in a meeting with Stephens
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April 13, 2015
12:42 EDTCRM, ORCLFly Watch: Wells says ServiceNow likely to unveil upbeat revenue target
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