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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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July 22, 2014
15:07 EDTCRMEarnings Preview: Microsoft to report after Nadella makes big job cuts
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July 16, 2014
18:03 EDTCRMCoca-Cola Enterprises may diversify into IT applications, WSJ says
Coca-Cola Enterprises (CCE) is planning on selling information products that it has developed for its internal use, says the Wall Street Journal. Coca-Cola Enterprises is developing an application on a Salesforce.com (CRM) platform that it may begin selling this year or next, added the Wall Street Journal. Reference Link

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