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Stock Market & Financial Investment News

News Breaks
May 21, 2014
10:01 EDTCRMSalesforce.com slides after results, levels to watch
The company reported earnings last night after the close and shares are down 3% to $51.23. At that price, next support is at $50.15. Resistance is at $51.88.
News For CRM From The Last 14 Days
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July 7, 2015
11:19 EDTCRMBrean Capital ups Salesforce citing improved revenue outlook
Research firm Brean Capital upgraded Salesforce.com (CRM) to Buy from Hold in a note to investors today, saying that the company is poised to obtain more revenue from its marketing and services products. Additionally, Salesforce should benefit from its newer products and the increased integration of its offerings, the firm contended. WHAT'S NEW: Pent-up demand for better ad management tools will drive sales of Salesforce's marketing products, according to Brean Capital analyst Sarah Hindlian. Meanwhile, the company's service cloud offerings will generate more revenue due to changes in customer service trends, Hindlian believes. Additionally, Salesforce's new products and the increased integration of its clouds will enable it sell all of its offerings more effectively, boosting its overall revenue and margins, she contended. Following the release of its newer products, Salesforce provides better coverage of the entire customer lifecycle, increasing its ability to sell all of its systems together, the analyst explained. Hindlian raised her fiscal 2017 and fiscal 2018 estimates for the company slightly above consensus levels, and set an $85 price target on the shares. OTHERS TO WATCH: Other companies offering cloud-based digital engagement solutions include eGain (EGAN), Zendesk (ZEN) and LivePerson (LPSN). PRICE ACTION: In late morning trading, Salesforce dropped 0.7% to $68.69.
10:00 EDTCRMOn The Fly: Analyst Upgrade Summary
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05:30 EDTCRMSalesforce upgraded to Buy from Hold at Brean Capital
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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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