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Stock Market & Financial Investment News

News Breaks
May 20, 2014
12:59 EDTCRMEarnings Preview: Analysts expect Salesforce.com to beat Q1 expectations
Salesforce.com (CRM) is expected to report first quarter earnings after the market close on Tuesday, May 20 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 earnings per share of 10c on revenue of $1.21B. The consensus range is 9c-12c for EPS, and $1.16B-$1.23B for revenue, according to First Call. LAST QUARTER: Salesforce.com reported fourth quarter EPS 7c against estimates of 6c on revenue of $1.15B against estimates of $1.13B. The company gave Q1 EPS guidance of 9c-10c and Q1 revenue guidance of $1.21B, as well as fiscal year 2015 EPS guidance of 48c-50c and fiscal year 2015 revenue guidance of $5.25B-$5.3B. Salesforce.com also said its CFO Graham Smith will retire in March 2015. STREET RESEARCH: In the past quarter, Salesforce.com announces new investments in Europe after posting revenue growth of 41% in the continent in FY14. It plans to add more than 500 new jobs across Europe during FY15. The company also announced a new industries strategy aimed at accelerating the company's growth. In recommendations, Pacific Crest said the company's shares should be bought ahead of its Q1 results due to strong sales for the Salesforce 1 platform. The firm added that its Q1 results and guidance are likely to beat expectations. Wedbush also said that Salesforce.com shares are not too high to attract growth-oriented buyers. The company was upgraded at Deutsche Bank, citing recent pullback in shares. Stephens and Oppenheimer said its checks were off to a strong start in FY15 and the company's results are expected to beat consensus expectations. PRICE ACTION: Salesforce.com shares have lost more than 19.5% since the first day of trading following the company's Q4 report. In Tuesday afternoon trading ahead of the Q1 report, Salesforce.com shares are trading down fractionally to $52.98.
News For CRM From The Last 14 Days
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June 30, 2015
12:59 EDTCRMSalesforce management to meet with UBS
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June 28, 2015
16:00 EDTCRMFormer Salesforce CFO Graham Smith to depart June 30
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12:47 EDTCRMTech sector earnings 'melt away' when accounting for stock comp, Barron's says
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