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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 2, 2015
18:05 EDTCRMSalesforce signs definitive agreement to acquire AKTA
On its website, AKTA said, "Today, we are excited to announce that Salesforce has signed a definitive agreement to acquire AKTA." Reference Link
August 27, 2015
15:56 EDTCRMSalesforce upgraded to Outperform from Neutral at Exane BNP Paribas
August 26, 2015
06:44 EDTCRMWorkday valuation contingent on competitors in cloud market, WSJ reports
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August 25, 2015
18:58 EDTCRMSalesforce paid roughly $57M for three startups this year, BI says
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14:20 EDTCRMFormer JPMorgan analyst charged in $600,000 insider trading scheme
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August 21, 2015
10:32 EDTCRMOptions with decreasing implied volatility
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10:02 EDTCRMOn The Fly: Analyst Upgrade Summary
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09:13 EDTCRMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Accuray (ARAY), up 12.7%... Brocade (BRCD), up 6%... salesforce.com (CRM), up 3.5%. DOWN AFTER EARNINGS: Intuit (INTU), down 6.7%... Deere (DE), down 5.4%... Nordson (NDSN), down 4.4%. ALSO LOWER: GigOptix (GIG), down 20% after 9.22M share Spot Secondary priced at $1.70... VirnetX Holding (VHC), down 19.8% after filing to sell 35M shares of common stock... Northwest Biotherapeutics (NWBO), down 8.7% after TheStreet's Adam Feuerstein reports, via Twitter, that CVax Phase 3 study has been temporarily halted in Germany.
08:51 EDTCRMSalesforce reported strong results, says Roth Capital
After Salesforce reported stronger than expected results, Roth thinks the company's 8.2% sequential growth was "impressive." Roth says that Salesforce has the best growth of any large-cap tech company. It reiterates an $80 price target and Buy rating on the shares.
07:31 EDTCRMSalesforce remains favorite large-cap growth stock, says Canaccord
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07:16 EDTCRMSalesforce selloff a rare buying opportunity, says Brean Capital
Brean Capital said Salesforce reported strong Q2 results with good guidance and views yesterday's market selloff as a rare opportunity to buy the shares ahead of the release of Dreamforce. The firm sees other catalysts including Marketing Cloud product launches, ongoing adoption of Wave Analytics, improving profitability, and compressed valuation. Brean Capital reiterated its Buy rating and raised its price target to $86 from $85 on Salesforce shares.
06:59 EDTCRMSalesforce reported another beat and raise, says Piper Jaffray
Piper Jaffray analyst Katherine Egbert says Salesforce "beat and raised, again." She views the company's Q2 results as "strong" and says the stock's valuation is "more reasonable" than other cloud names. The next potential catalyst for shares is DreamForce and the September 15 analyst day, Egbert tells investors in a post-earnings research note. She reiterates an Overweight rating on Salesforce with an $80 price target.
06:20 EDTCRMSalesforce upgraded to Buy from Hold at Pivotal Research
Pivotal Research upgraded Salesforce to Buy and increased its price target to $82 from $79 following the Q2 report. The firm remains positive on Salesforce's long-term opportunities and in its ability to execute, and upgraded shares given the sell-off in shares.
06:04 EDTCRMJefferies keeps sell on Salesforce despite 'respectable' quarter
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