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February 28, 2013
12:39 EDTCRMEarnings Preview: shares up over 13% since last earnings report (CRM) is expected to report Q4 earnings after the market close on Thursday, February 28 with a conference call scheduled for 5:00 pm ET. is a provider of enterprise cloud computer and social enterprise solutions... EXPECTATIONS: Analysts are looking for EPS of 40c on revenue of $830.85M. The consensus range is 38c-46c for EPS, and $825M-$840M for revenue, according to First Call... LAST QUARTER: reported Q3 EPS 33c against estimates of 32c on revenue of $788M against estimates of $776.52M. The company gave Q4 EPS guidance of 38c-40c and Q4 revenue $825M-$830M. It also gave FY13 EPS guidance of $1.50-$1.52 and FY13 revenue $3.04B-$3.05B. expected FY14 revenue to reach $3.8B-$3.85B. During the Q3 conference call, said reported Q4 deferred revenue will be lower than it was in recent quarters... STREET RESEARCH: After its Q3 earnings report, RW Baird said is a core holding, citing its strong billings growth and new growth opportunities. Morgan Stanley also said the company's fundamentals remain strong while Pacific Crest said shares should actually be bought on weakness. FBR Capital said recent channel checks indicate's robust momentum and is on track to deliver solid Q4 results. Despite facing arguably the toughest year-over-year comparisons, Oppenheimer also anticipates very good Q4 results. The analyst firm added that customers have been using the company's products as data integration solution and finds it to be a the best long-term growth investment in its SaaS/application software coverage universe... PRICE ACTION: shares have gained more than 14% since the first day of trading following the company's Q3 report. In Thursday midday trading ahead of Q4 report, shares are trading up almost 0.5%.
News For CRM From The Last 14 Days
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October 5, 2015
19:50 EDTCRMSalesforce management to meet with JMP Securities
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October 1, 2015
10:45 EDTCRMSalesforce calls active on renewed takeover chatter
Salesforce October weekly 70, 70.5, 71 and 71.5 calls are active on total call volume of 9,900 contracts (720 puts) on renewed takeover chatter. October call option implied volatility is at 43, October is at 37; compared to its 52-week range of 26 to 60. Active call volume suggests traders taking positions for upside price movement.
10:26 EDTCRMRumor: Salesforce moves up on renewed takeover chatter
05:56 EDTCRMSalesforce implied volatility of 35 at lower end of index mean range
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September 30, 2015
05:52 EDTCRMSalesforce implied volatility of 36 at lower end of index mean range
September 28, 2015
10:08 EDTCRMTableau price target lowered to $75 at Summit Research on competition concerns
Summit Research analyst Srini Nandury said the firm's channel checks indicate that Tableau's (DATA) software competition will intensify from Salesforce (CRM), Qlik (QLIK) and PowerBI. The analyst thinks Tableau's string of large "beat and raise" quarters will come to an end since most of the "low-hanging fruit" seems to have been picked and the company will need to work harder to acquire new customers. Nandury keeps a Hold rating on Tableau and cut the firm's price target on the stock to $75 from $80.
September 25, 2015
12:48 EDTCRMSalesforce says does not support CISA
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08:24 EDTCRMSalesforce checks positive, says Oppenheimer
After attending Salesforce's conference, Oppenheimer says that more enterprises were represented, indicating that the company's share of that market could be increasing, according to the firm. Oppenheimer adds that the company's platform strategy is becoming more popular with customers, and could enable it to monetize its large installed base. The firm reiterates an $80 price target and Outperform rating on the shares.
05:40 EDTCRMSalesforce implied volatility of 32 at lower end of index mean range
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