New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
August 20, 2015
18:44 EDTCRMSalesforce CEO says will be fourth largest software company by next year
Says continues to sign record number of large deals with key customers. Says has clear trajectory to $10B in revenue and expects to go through that as well. Marc Benioff is speaking on CNBC.
18:00 EDTCRMSalesforce says Q2 'best quarter ever' for company
Subscribe for More Information
16:43 EDTCRMSalesforce reports Q2 subscription and support revenues $1.52B
Subscribe for More Information
16:42 EDTCRMSalesforce reports deferred revenue on balance sheet of $3.03B as of July 31
Deferred revenue on the balance sheet as of July 31 was $3.03B, an increase of 29% year-over-year, and 33% in constant currency. Unbilled deferred revenue, representing business that is contracted but unbilled and off balance sheet, ended the quarter at approximately $6.2B, up 24% year-over-year.
16:26 EDTCRMSalesforce up 3.5% to $70.20 after raising FY16 outlook
16:10 EDTCRMSalesforce CEO says on pace to reach $7B run rate later this year
Subscribe for More Information
16:09 EDTCRMSalesforce sees FY16 operating cash flow growth approximately 24%-25% YoY
Subscribe for More Information
16:07 EDTCRMSalesforce raises FY16 adjusted EPS view to 70c-72c from 69c-71c
Subscribe for More Information
16:06 EDTCRMSalesforce sees Q3 adjusted EPS 18c-19c, consensus 18c
Subscribe for More Information
16:05 EDTCRMSalesforce reports Q2 adjusted EPS 19c, consensus 18c
Subscribe for More Information
15:41 EDTCRMSalesforce August 69 straddle priced for 8.1% movement into Q2
Subscribe for More Information
14:42 EDTCRMNotable companies reporting after market close
Subscribe for More Information
14:17 EDTCRMSalesforce technical comments ahead of earnings
Subscribe for More Information
12:32 EDTCRMEarnings Watch: Salesforce shares up fractionally since last earnings report
Subscribe for More Information
09:25 EDTCRMSalesforce August volatility increases into Q2 and outlook
Salesforce August call option implied volatility is at 116, September is at 45; compared to its 52-week range of 25 to 59, suggesting large price movement into the expected release of Q2 results today.
August 19, 2015
08:01 EDTCRMSalesforce outlook has improved, says Oppenheimer
After conducting checks, Oppenheimer is more confident in Salesforce's business momentum. The firm thinks the company's business performed well at the end of Q2, as it closed a large number of big deals. Oppenheimer is upbeat on the outlook for Wave and says that a Fortune 500 company appears to be planning to increase its spending on the Salesforce1 platform. The firm says that the Fortune 500 company's decision has multiple positive implications for Salesforce. It reiterates an Outperform rating on the shares.
06:31 EDTCRMSalesforce commercial business momentum moderating, says Jefferies
Subscribe for More Information
August 18, 2015
10:58 EDTCRMSalesforce August volatility elevated into Q2 and outlook
Salesforce August call option implied volatility is at 96, September is at 44; compared to its 52-week range of 25 to 59, suggesting large price movement into the expected release of Q2 results on Aug 20.
08:01 EDTCRMSalesforce dip post earnings should be bought, says Canaccord
Subscribe for More Information
August 17, 2015
09:14 EDTCRMSalesforce checks decent heading into Q2 results, says Brean Capital
Brean Capital said checks look decent for Salesforce.com heading into Q2 results. The firm expects difficult foreign exchange and macro headwinds but sees ongoing demand for Service Cloud with some large deals closing during the quarter. Brean Capital expects the shares to continue to perform well in the second half of the year and reiterated its Buy rating and $85 price target on Salesforce.com shares.
1 | 2 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use