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Stock Market & Financial Investment News

News Breaks
June 26, 2014
05:25 EDTCRM, PHGPhilips, Salesforce.com announce healthcare strategic alliance
Philips (PHG) and Salesforce.com (CRM) announced a strategic alliance to deliver an open, cloud-based healthcare platform. "The platform will enable medical device and data interoperability – the collection of data and subsequent analysis to enhance clinical decision making by professionals and enabling patients to take a more active role in managing their personal health," the companies stated.
News For CRM;PHG From The Last 14 Days
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July 7, 2015
13:57 EDTCRMWorkday rises after being called 'better' buyout target for Microsoft
Workday (WDAY) shares are inching higher this afternoon after The Information said the company is "the better [acquisition] choice" for Microsoft (MSFT), were the tech giant to pursue an entry into customer and employee tracking software. WHAT'S NEW: The Information's Steve Nellis today said that while both "Salesforce (CRM) and Workday have enough revenue momentum to help Microsoft become a major seller" in the customer relationship/human capital management space, Workday is the "better choice for several reasons, including the fact that Salesforce’s products feel dated." WHAT'S NOTABLE: Today's report from The Information comes after Salesforce was upgraded to Buy from Hold at Brean Capital. Among other factors, Brean identifies Salesforce's product improvements as a positive for the company. Steve Nellis does not appear convinced, saying Workday has the edge in products. The upward move follows speculative reports and rumors in recent months that Microsoft has eyed a Salesforce takeover. PRICE ACTION: Shares of Workday are up about 1% to $77.41 this afternoon, while Salesforce has risen just under 0.5%.
12:14 EDTCRMWorkday should be bought by Microsoft, The Information's Nellis says
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11:19 EDTCRMBrean Capital ups Salesforce citing improved revenue outlook
Research firm Brean Capital upgraded Salesforce.com (CRM) to Buy from Hold in a note to investors today, saying that the company is poised to obtain more revenue from its marketing and services products. Additionally, Salesforce should benefit from its newer products and the increased integration of its offerings, the firm contended. WHAT'S NEW: Pent-up demand for better ad management tools will drive sales of Salesforce's marketing products, according to Brean Capital analyst Sarah Hindlian. Meanwhile, the company's service cloud offerings will generate more revenue due to changes in customer service trends, Hindlian believes. Additionally, Salesforce's new products and the increased integration of its clouds will enable it sell all of its offerings more effectively, boosting its overall revenue and margins, she contended. Following the release of its newer products, Salesforce provides better coverage of the entire customer lifecycle, increasing its ability to sell all of its systems together, the analyst explained. Hindlian raised her fiscal 2017 and fiscal 2018 estimates for the company slightly above consensus levels, and set an $85 price target on the shares. OTHERS TO WATCH: Other companies offering cloud-based digital engagement solutions include eGain (EGAN), Zendesk (ZEN) and LivePerson (LPSN). PRICE ACTION: In late morning trading, Salesforce dropped 0.7% to $68.69.
10:00 EDTCRMOn The Fly: Analyst Upgrade Summary
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05:30 EDTCRMSalesforce upgraded to Buy from Hold at Brean Capital
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June 30, 2015
12:59 EDTCRMSalesforce management to meet with UBS
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June 28, 2015
16:00 EDTCRMFormer Salesforce CFO Graham Smith to depart June 30
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12:47 EDTCRMTech sector earnings 'melt away' when accounting for stock comp, Barron's says
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