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 | all recent CRM news | >>
November 20, 2014
09:21 EDTCRMOn The Fly: Pre-market Movers
Subscribe for More Information
09:08 EDTCRMSalesforce guidance in-line when forex adjusted, says Stephens
Subscribe for More Information
08:06 EDTCRMSalesforce.com should be bought on weakness, says Oppenheimer
Subscribe for More Information
07:29 EDTCRMSalesforce.com price target raised to $70 from $65 at Canaccord
Subscribe for More Information
November 19, 2014
18:22 EDTCRMOn The Fly: After Hours Movers
Subscribe for More Information
17:52 EDTCRMSalesforce.com down 4.5% to $58.26 after reporting Q3 results, guidance
16:21 EDTCRMSalesforce.com COO to take leave of absence for up to 6 months
Subscribe for More Information
16:15 EDTCRMSalesforce.com sees FY16 revenue $6.45B-$6.50B , consensus $6.66B
16:09 EDTCRMSalesforce.com narrows FY15 EPS 51c-52c, consensus 52c
Subscribe for More Information
16:08 EDTCRMSalesforce.com falls after results
In the extended session the shares are down 4.3% to $58.27 following the initial release of earnings. At that price next support is at $57.45, while resistance is at $59.97.
16:07 EDTCRMSalesforce.com sees Q4 EPS 13c-14c, consensus 15c
Subscribe for More Information
16:06 EDTCRMSalesforce.com reports Q3 EPS 14c, consensus 13c
Subscribe for More Information
15:31 EDTCRMNotable companies reporting after market close
Subscribe for More Information
13:21 EDTCRMSalesforce.com November 61 straddle priced for 4.5% move into Q3
Subscribe for More Information
November 18, 2014
13:36 EDTCRMSalesforce.com November volatility elevated into Q3 and outlook
Subscribe for More Information
07:56 EDTCRMSalesforce.com remains a top large cap growth pick at BofA/Merrill
BofA/Merrill reiterates Salesforce.com as a top large cap growth pick for 2014 based on potential for accelerating operating income and TAM of $100B. Shares are Buy rated with a $73 price target.
November 14, 2014
16:26 EDTCRMNasdaq clear leader as major averages end week higher
Subscribe for More Information
November 13, 2014
12:03 EDTCRMBlackBerry announces agreement with Salesforce.com
Subscribe for More Information
08:24 EDTCRMSalesforce.com November volatility elevated into Q3 and outlook
Salesforce.com November call option implied volatility is at 50, December is at 38, January is at 33; compared to its 26-week average of 34 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on November 19.
November 12, 2014
17:02 EDTCRMSalesforce.com signs agreement to purchase 50 Fremont Street building
Subscribe for More Information
1 | 2 | all recent CRM news | >>

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