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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%.
News For CRM From The Last 14 Days
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September 23, 2014
08:12 EDTCRMSalesforce.com, Omnicom announce alliance
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September 19, 2014
10:48 EDTCRMOracle tumbles after Q1 earnings miss estimates, Ellison steps aside as CEO
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September 15, 2014
16:32 EDTCRMSalesforce.com assumed with an Outperform at RBC Capital
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07:24 EDTCRMTech leaders concede need to address privacy, security concerns, FT says
Prominent start-up investor and Facebook (FB) director Peter Thiel said a "crescendo of concern is building up in Europe" about the U.S. tech industry's record on online privacy and security, which Silicon Valley is underestimating "badly,” though Google (GOOG) chairman Eric Schmidt tech companies "are way sensitive" to the concerns, reported Financial Times. The same report noted that Brad Smith, general counsel of Microsoft (MSFT), said some in the industry have "underestimated the degree to which people care about privacy,” while Salesforce.com (CRM) CEO Marc Benioff said consumer Internet companies have “paid a terrible price” for imposing a U.S.-centric view of their technology. Reference Link
06:23 EDTCRMCisco says Salesforce.com CEO Benioff to step down from board
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September 10, 2014
05:38 EDTCRMSalesforce.com signs agreement to establish data center in France
Salesforce.com (CRM) announced that it has signed an agreement to establish a new European Data Centre in France, selecting Interxion (INXN) as its service provider. The new data centre in France is one of three planned for Europe and will support the company's growing base of customers across the region. Salesforce.com's European Data Centre in France will be powered 100% by renewable energy sources.
September 9, 2014
11:30 EDTCRMSalesforce.com issues security alert on Dyre malware
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