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Stock Market & Financial Investment News

News Breaks
December 18, 2013
13:40 EDTCRM, WDAY, N, CSOD, ULTIFirm upbeat on Salesforce.com after surveying CIOs
After surveying chief information officers, Pacific Crest reports that the executives plan to buy more software-as-a-service solutions. As a result, the firm thinks that the revenue generated by Salesforce.com's (CRM) Marketing cloud business can reach $1 billion. WHAT'S NEW: Pacific Crest's survey of 183 CIOs indicates that the executives are more interested in several SAAS applications - including marketing and social media - than they were a year ago, Pacific Crest analyst Brendan Barnicle wrote in a note to investors. The survey suggests that the CIOs plan to buy more of these solutions ,the analyst believes. Consequently, Salesforce.com's marketing business could generate $1 billion in revenue by the company's fiscal 2016, which starts in a little over a year, Barnicle forecast. As of May the company's marketing cloud business was generating $100 million in revenue, according to InformationWeek, quoting Salesforce. Moreover, the company's overall revenue could accelerate in the first half of fiscal 2015, said Barnicle. He recommends buying the stock, pointing out that it has dropped 10% since reporting its earnings on November 18. OTHERS TO WATCH: Other software-as-a-service companies include Workday (WDAY), NetSuite (N), Cornerstone on Demand (CSOD) and Ultimate Software (ULTI). PRICE ACTION: In mid-afternoon trading, Salesforce.com lost 21c, or 0.36%, to $52.03.
News For CRM;WDAY;N;CSOD;ULTI From The Last 14 Days
Check below for free stories on CRM;WDAY;N;CSOD;ULTI the last two weeks.
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April 14, 2014
10:02 EDTULTIOn The Fly: Analyst Initiation Summary
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08:28 EDTWDAYChecks positive for Workday, says Wedbush
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06:28 EDTULTIUltimate Software initiated with a Buy at Deutsche Bank
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05:49 EDTULTIUltimate Software upgraded to Outperform from Market Perform at Raymond James
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April 11, 2014
08:49 EDTCRMBoston Properties signs 714,000 square foot lease with Salesforce.com
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April 10, 2014
15:40 EDTWDAYWorkday April volatility increases to 61 on wide price movement
Workday April call option implied volatility is at 61, May is at 54, June is at 58, September is at 49; compared to its 26-week average of 40 according to Track Data, suggesting larger near term price movement.
09:09 EDTWDAYWorkday shares should be bought ahead of results, says Pacific Crest
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09:06 EDTCSODCornerstone OnDemand shares extremely cheap, says Pacific Crest
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09:01 EDTCRMSalesforce.com should be bought ahead of results, says Pacific Crest
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April 8, 2014
11:27 EDTWDAYOptions with increasing implied volatility: PBR AKAM WDAY EXPE
11:12 EDTWDAY, CSOD, CRMFirm recommends buying tech stocks after declines
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08:18 EDTCSOD, CRM, WDAYDeclines in high growth IT stocks create opportunities, says Pacific Crest
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April 7, 2014
10:10 EDTN, WDAY, CRMAnalyst sees 'golden' opportunity after software stocks decline
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08:49 EDTWDAY, N, CRMFBR sees 'golden buying opportunity' in enterprise software
FBR Capital says a "'golden buying opportunity" exists in the enterprise software space following the recent sell-off of high-growth names. The firm believes overall software results in Q1 tracked in line to slightly ahead of expectations. It recommends buying Splunk (SPLK), Salesforce.com (CRM), Workday (WDAY), FireEye (FEYE), NetSuite (N) and Palo Alto (PANW) on the recent pullbacks.
07:44 EDTCSODMarketo to hold a summit
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April 4, 2014
07:54 EDTWDAYWorkday on track to beat FY15 expectations, says FBR Capital
FBR said its recent channel checks indicate that Workday's momentum through the first two months of Q1 "has been as strong as ever." The firm believes Workday is tracking to beat current expectations for FY15 and it reiterates an Outperform rating on the stock with a $150 price target.

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