New User:

-or-
Username:
Password:
Forgot your password?

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 analysts’ 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.com’s price target was raised at three separate firms, namely UBS, Credit Suisse, and RBC Capital. All cited the company’s 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
Sign up for a free trial to see the rest of the stories you've been missing.
October 20, 2014
12:09 EDTORCLIBM hits 52 week low after earnings miss, 2015 profit target dropped
Subscribe for More Information
October 17, 2014
07:44 EDTCRMSalesforce.com moving in right direction in every way, says Canaccord
Subscribe for More Information
October 16, 2014
09:01 EDTNNetSuite, Coupa announce strategic partnership
Coupa announced a strategic partnership with NetSuite to jointly promote and market the Coupa Cloud Procurement and Expense Management SuiteApp built for NetSuite to businesses seeking to transform their procurement and expense management processes.
07:57 EDTCRMSalesforce president lays out vision for quadrupling revenue, WSJ reports
Salesforce (CRM) president and vice chairman Keith Block outlined his plan to grow the company's annual revenue to $20B at the company’s annual Dreamforce conference, said The Wall Street Journal, which noted that Block specifically said, “We want to be bigger than SAP.” Block's strategy involves expansion in new product areas, adding new packages of software tailored to a handful of high-value industries, and expanding sales efforts outside of North America, the Journal reported. Reference Link
October 13, 2014
16:33 EDTCRMMicrosoft and Salesforce.com unveil new joint solutions
Subscribe for More Information
14:35 EDTCRMSalesforce launches analytics cloud
Salesforce earlier today announced Wave, Salesforce Analytics Cloud. Wave is the first cloud analytics platform designed for every business user, making it easier than ever for anyone to explore data, uncover new insights and take action instantly from any device, the company stated. Companies can now quickly deploy sales, service and marketing analytics, or build custom mobile analytics apps, using any data source, Salesforce added.
10:43 EDTCRMSalesforce.com October volatility elevated into executive Q&A with Marc Benioff
Subscribe for More Information
07:38 EDTCRMSalesforce to hold a conference
Dreamforce 2014 is being held in San Francisco on October 13-16.
October 12, 2014
17:20 EDTCRMGE, Splunk, Cisco, others could benefit from Internet of Things, Barron's says
Subscribe for More Information
October 9, 2014
16:49 EDTORCLOracle hires former director of engineering from Google, Re/code reports
Oracle (ORCL) hired Peter Magnusson, former director of engineering at Google (GOOG) and VP of engineering at Snapchat, two weeks ago in a move to improve its cloud computing business, Re/code reports, citing sources familiar with the move. Reference Link
10:00 EDTNOn The Fly: Analyst Initiation Summary
Subscribe for More Information
07:34 EDTNNetSuite initiated with a Buy at MKM Partners
Subscribe for More Information
07:34 EDTCRMSalesforce.com coverage assumed with a Buy at MKM Partners
Subscribe for More Information
October 8, 2014
07:32 EDTNFederal Reserve Bank of Chicago President to speak on the economy
Subscribe for More Information
October 6, 2014
10:04 EDTORCLOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
07:53 EDTORCLOracle upgraded to Buy from Neutral at DA Davidson
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use