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Stock Market & Financial Investment News

News Breaks
August 30, 2013
10:15 EDTCRM, N, ORCLSalesforce.com reaches new 52-week high after raising outlook
Shares of enterprise cloud computing provider Salesforce.com (CRM) hit a new 52-week high after the company beat second quarter estimates and raised its full year 2014 outlook. WHAT'S NEW: Last night, Salesforce.com reported second quarter adjusted earning per share of 9c and revenue of $957M. Those compare to consensus forecasts of 7c and $939.25M, respectively. The company also raised its 2014 guidance. FY14 adjusted EPS was raised to 32c-34c from 31c-33c, against analystsí consensus of 33c. FY14 revenue was raised to $4B-$4.025B from $3.96B-$4B, versus consensus of $3.99B. ANALYST REACTON: This morning, Salesforce.comís price target was raised at three separate firms, namely UBS, Credit Suisse, and RBC Capital. All cited the companyís better than expected Q2 results. PRICE ACTION: In early morning trading, Salesforce.com rose $5.63, or 13%, to $49.32 on very heavy volume. Earlier in the session, the stock made a new 52-week high of $49.58. OTHERS TO WATCH: NetSuite (N) and Oracle (ORCL) were both up about 1% following Salesforce's report.
News For CRM;N;ORCL From The Last 14 Days
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July 22, 2014
15:07 EDTCRMEarnings Preview: Microsoft to report after Nadella makes big job cuts
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July 17, 2014
09:10 EDTNNetSuite acquires London-based Venda
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July 16, 2014
18:03 EDTCRMCoca-Cola Enterprises may diversify into IT applications, WSJ says
Coca-Cola Enterprises (CCE) is planning on selling information products that it has developed for its internal use, says the Wall Street Journal. Coca-Cola Enterprises is developing an application on a Salesforce.com (CRM) platform that it may begin selling this year or next, added the Wall Street Journal. Reference Link
08:08 EDTORCLOracle Social Cloud announces LinkedIn support for SRM platform
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July 14, 2014
12:49 EDTORCLOracle hosts an educational webcast
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July 11, 2014
09:37 EDTCRMSalesforce.com agrees to acquire RelateIQ
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July 10, 2014
16:15 EDTORCLKEYW, Oracle collaborate on advanced security solutions
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07:20 EDTORCLIridium completes implementation of Oracle's management and billing solution
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07:13 EDTNNetSuite weakness creates buying opportunity, says JMP Securities
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