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Stock Market & Financial Investment News

News Breaks
February 28, 2013
12:39 EDTCRMEarnings Preview: Salesforce.com shares up over 13% since last earnings report
Salesforce.com (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. Salesforce.com 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: Salesforce.com 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. Salesforce.com expected FY14 revenue to reach $3.8B-$3.85B. During the Q3 conference call, Salesforce.com said reported Q4 deferred revenue will be lower than it was in recent quarters... STREET RESEARCH: After its Q3 earnings report, RW Baird said Salesforce.com 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 Salesforce.com'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: Salesforce.com 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, Salesforce.com shares are trading up almost 0.5%.
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April 22, 2014
12:18 EDTCRMBofA/Merrill's software analysts hold an analyst/industry conference call
Software Analysts, along with Ray Wang, Principal Analyst & CEO at Constellation Research, provide their perspectives on pertinent topics in the software industry and how disruptive technologies impact cross channel commerce and technology optimization on an Analyst/Industry conference call to be held on April 25 at 11 am.
08:54 EDTCRMSaaS fundamentals remain strong, buy pullback, says Morgan Stanley
Morgan Stanley said SaaS fundamentals remain strong and corporate spending and secular drivers remain strong. The analyst would use the pullback to buy favorite names that include ServiceNow (NOW), Salesforce.com (CRM), Veeva (VEEV) and Workday (WDAY).
05:47 EDTCRMStocks with implied volatility movement; JCP CRM
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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
09:01 EDTCRMSalesforce.com should be bought ahead of results, says Pacific Crest
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