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Stock Market & Financial Investment News

News Breaks
August 30, 2013
10:15 EDTCRM, ORCL, NSalesforce.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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April 23, 2015
17:48 EDTNNetSuite management says that Europe was best growth area
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
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 EDTORCL, CRMFly Watch: Wells says ServiceNow likely to unveil upbeat revenue target
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