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Stock Market & Financial Investment News

News Breaks
August 30, 2013
10:15 EDTORCL, N, CRMSalesforce.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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February 26, 2015
07:06 EDTCRMSalesforce.com guidance conservative, says Pacific Crest
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07:05 EDTCRMSalesforce.com price target raised to $80 from $70 at Deutsche Bank
Deutsche Bank raised its price target for Salesforce.com shares to $80 after the company posted 37% constant currency billings growth in Q4. It reiterates a Buy rating on the stock.
06:38 EDTCRMSalesforce.com price target raised to $78 from $71 at Citigroup
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February 25, 2015
18:24 EDTCRMOn The Fly: After Hours Movers
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16:09 EDTCRMSalesforce.com FY16 EPS 67c-69c, consensus 69c
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16:07 EDTCRMSalesforce.com sees Q1 EPS 13c-14c, consensus 15c
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16:06 EDTCRMSalesforce.com reports Q4 EPS 14c, consensus 14c
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15:12 EDTCRMSalesforce.com technical notes ahead of results
Shares have been trading in a range largely bound between $55 at the low and $65 at the high for the last several months. There is a bullish bias within the range. The two extremes of the range may be helpful for understanding where price could go post-earnings. A move up to and above the high at $65 would mean a potential breakout to the 52-week high and life high at $67. That high was set nearly a year ago to date. A breakout above $67 would set up a run to $70. The $70 area would be the top of the long-term price channel, projected forward in time. If the news is not as bullish as traders appear to expect, a move down to the $55 area would be possible. Support prior to that range low is at $58.92, the 50-day moving average, which could be a downside objective on a less severe disappointment. A breakdown below $55 would see next support at $52.74.
15:05 EDTCRMNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include salesforce.com (CRM), consensus 14c... Avago Technologies (AVGO), consensus $1.94... L Brands (LB), consensus $1.80... Workday (WDAY), consensus (6c)... BioMarin (BMRN), consensus (59c)... Concho Resources (CXO), consensus 84c... Antero Resources (AR), consensus 28c... Medivation (MDVN), consensus $1.34... Transocean (RIG), consensus 77c... Sprouts Farmers Market (SFM), consensus 9c... SINA Corporation (SINA), consensus 18c.
14:52 EDTCRMSalesforce.com February weekly 62 straddle priced for 7.2% movement into Q4
07:12 EDTCRMSalesforce.com February weekly volatility elevated into Q4 and outlook
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February 23, 2015
06:20 EDTCRMSalesforce.com February weekly volatility elevated into Q4 and outlook
Salesforce.com February weekly call option implied volatility is at 76, March is at 35, April is at 33, May is at 30; compared to its 26-week average of 33 according to Track Data, suggesting larger near term price movement into the expected release of Q4 results after the market close on February 25.
February 19, 2015
17:42 EDTCRMSalesforce.com CEO sold 125K shares for $7.39M, Barron's says
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11:04 EDTORCLOracle unveils new big data solutions
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February 18, 2015
07:53 EDTCRMSalesforce.com Q4 closed well, says Oppenheimer
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04:55 EDTORCLStocks with implied volatility movement; MO ORCL
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03:20 EDTNOn The Fly: Analyst Initiation Summary
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February 17, 2015
10:00 EDTNOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Box, Inc. (BOX) initiated with a Hold at Canaccord... Euronav NV (EURN) initiated with an Overweight at Morgan Stanley... GoPro (GPRO) initiated with an Outperform at Northland... M/A-COM (MTSI) initiated with a Neutral at BofA/Merrill... Macy's (M) initiated with an Underweight at Barclays... NetSuite (N) initiated with an Underperform at Exane BNP Paribas... Omega Healthcare (OHI) initiated with a Neutral at BofA/Merrill... Pandora (P) initiated with a Neutral at Macquarie... Pattern Energy (PEGI) coverage resumed with an Outperform at BMO Capital... Regeneron (REGN) initiated with an Outperform at Bernstein... Trovagene (TROV) initiated with an Overweight at Piper Jaffray... Vista Outdoor (VSTO) initiated with a Market Perform at Cowen.
05:35 EDTNNetSuite initiated with an Underperform at Exane BNP Paribas
Target $87.
February 16, 2015
17:24 EDTORCLFIS, Oracle among those exploring Monitise bid, Sky News reports
FIS (FIS) is among the U.S. companies considering a takeover bid for Monitise, the UK mobile banking software manufacturer which put itself up for sale last month, Mark Kleinman of Sky News reports. Other possible bidders include Oracle (ORCL) and IBM (IBM), Kleinman added. He pointed out that all of the takeover discussions are said to be at an early stage. Reference Link
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