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Stock Market & Financial Investment News

News Breaks
February 25, 2014
07:34 EDTCRMSalesforce.com checks upbeat as activity levels rose, says Oppenheimer
Oppenheimer reports that its Q4 checks on Salesforce.com were bullish, as sources reported that activity levels rose, while the pipeline expanded strongly over the past three months. The firm thinks the company has both near-term and longer term positive catalysts, and it increased its price target on the stock to $71 from $60. It reiterates an Outperform rating on the shares.
News For CRM From The Last 14 Days
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October 28, 2014
07:23 EDTCRMSalesforce.com added to Best Ideas List at Morgan Stanley
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October 26, 2014
15:53 EDTCRMSalesforce looks to establish presence in healthcare, Reuters says
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October 21, 2014
07:45 EDTCRMMicrosoft CEO touts cloud revenue run-rate over $4B, BI reports
At a press event yesterday, Microsoft (MSFT) CEO Satya Nadella provided a number of figures about the strong performance of the company's Azure cloud business, including a revenue run rate of nearly $4.4B and that Azure is adding 10,000 new customers every week to its 350M active directory user base, reported Business Insider, which noted that Amazon Web Services (AMZN) is estimated to have roughly $4B in annual sales and that Salesforce.com (CRM) had a little over $4B in revenues last year. Reference Link
06:40 EDTCRMForrester: Adobe becomes marketing cloud leader, VentureBeat reports
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October 17, 2014
07:44 EDTCRMSalesforce.com moving in right direction in every way, says Canaccord
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October 16, 2014
07:57 EDTCRMSalesforce president lays out vision for quadrupling revenue, WSJ reports
Salesforce (CRM) president and vice chairman Keith Block outlined his plan to grow the company's annual revenue to $20B at the company’s annual Dreamforce conference, said The Wall Street Journal, which noted that Block specifically said, “We want to be bigger than SAP.” Block's strategy involves expansion in new product areas, adding new packages of software tailored to a handful of high-value industries, and expanding sales efforts outside of North America, the Journal reported. Reference Link

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