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August 19, 2014
07:40 August weekly volatility increases into Q2 and outlook August weekly call option implied volatility is at 79, September is at 36, October and November is at 35; compared to its 26-week average of 36 according to Track Data, suggesting large near term price movement into the expected release of Q2 results after the market close on August 21.
News For CRM From The Last 14 Days
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April 30, 2015
06:49 EDTCRMOracle has not approached Salesforce, BuzzFeed says
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06:31 EDTCRMMicrosoft would likely sell off on Salesforce acquisition, says Citigroup
Citigroup believes that should Salesforce (CRM) be up for sale as Bloomberg yesterday suggested, Microsoft (MSFT) could be the most likely the suitor. Citi thinks Microsoft shares would likely trade lower should such a deal occur, as it would signal the company is in a "more tenuous position in commercial business than investors currently think." The firm lists Oracle (ORCL), IBM (IBM) and Google (GOOG) as other potential suitors for Salesforce. With less upside now to its Saleforce price target, Citi prefers Check Point (CHKP) and VMware (VMW) for growth investors and ServiceNow (NOW) for exposure to software-as-a-service. It keeps a Buy rating on Salesforce with am unchanged price target of $78.
06:10 EDTCRMJefferies sees 'very low' probability of Salesforce takeover
Jefferies views the 12% rally in Salesforce (CRM) shares yesterday after Bloomberg reported the company is fielding takeover offers as an overreaction. The firm says the probability of a sale is "very low, especially with the stock already trading at an inflated valuation." It views Microsoft (MSFT) as the most likely suitor, with Oracle (ORCL), IBM (IBM) and Google (GOOG) potentially in the mix. Jefferies keeps an Underperform rating on Salesforce with a $49 price target. The stock closed yesterday up $7.76 to $74.65.
05:57 EDTCRMMicrosoft, IBM, Oracle rumored as potential suitors, Re/code says
Potential suitors for (CRM), which is said to have hired financial advisers to handle takeover inquiries, may include Microsoft (MSFT), IBM (IBM), Google (GOOG) and Oracle (ORCL), Re/code's Arik Hesseldahl reports. Hesseldahl notes that Salesforce CEO Marc Benioff attended a dinner with Microsoft CEO Satya Nadella on Tuesday night, ahead of Microsoft's Build conference. Reference Link
05:46 EDTCRMStocks with implied volatility movement; CRM ORCL
Stocks with implied volatility movement; Salesforce (CRM) 57, Oracle (ORCL) 21 according to iVolatility.
April 29, 2015
19:09 EDTCRMOn The Fly: After Hours Movers
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17:16 EDTCRMSalesforce could be worth $100/share in a takeover, says JPMorgan
After Bloomberg reported this afternoon that Salesforce has hired bankers to field takeover inquiries, JPMorgan analyst Mark Murphy told investors that he believes the stock could be worth $100 in a buyout. Shares closed the trading day up $7.76 to $74.65. A deal would be the largest in software history, and only a short list of companies could pull it off, Murphy wrote. Those companies are Microsoft (MSFT), Oracle (ORCL), IBM (IBM) and SAP (SAP), he believes. After pointing out JPMorgan has "no conclusive evidence to confirm or dispel the speculation," Murphy noted Salesforce CEO Marc Benioff was sitting in the front row of the Microsoft Build Conference this morning and that Oracle just raised $10B of debt. The analyst calls Salesforce a "rare asset" and the "pioneering leader of the cloud computing." He has an Overweight rating on the shares.
16:57 EDTCRMOn The Fly: Top stock stories for Wednesday
Stocks on Wall Street began the session in negative territory and remained there throughout the day. The market struggled from the outset following disappointing data that showed GDP growth was anemic in the first three months of this year. The market moved in a narrow range in the early part of the session as investors waited for the results of the FOMC meeting. The initial reaction to the FOMC rate and policy statement was a bit of buying, which brought the averages within striking distance of the flat line. There was little in the way of momentum, however, and the sellers regained control into the close. ECONOMIC EVENTS: In the U.S., GDP growth was reported to have slowed to a 0.2% rate in Q1, which was much weaker than the 1% annualized growth rate that was expected. The pending home sales index rose 1.1% to 108.6 in March, which was a tick better than forecast. As expected, the Federal Reserve announced that it would keep the target range for the federal funds rate at 0%-0.25%. The Fed said that it anticipates raising the target range when the labor market has improved further and it is reasonably confident that inflation will increase to 2% over the medium term. The central bank reiterated that it anticipates that economic conditions may warrant keeping the interest rate below normal levels for some time, even after employment and inflation reach its goals. COMPANY NEWS: Shares of (CRM) jumped $7.76, or 11.6%, to $74.65 after Bloomberg said the company has hired financial advisers to field takeover offers after the company was approached by a potential acquirer... Starwood Hotels (HOT) climbed $6.73, or 8.33%, to $87.53 after the company announced that it would explore "a full range" of strategic and financial alternatives to increase shareholder value. Starwood also reported first quarter earnings per share from continuing operations, excluding certain items, that topped consensus this morning. MAJOR MOVERS: Among the notable gainers was GoPro (GPRO), which rallied $5.94, or 12.63%, to $52.96 after the action camera maker's first quarter results and second quarter outlook widely topped analystsí consensus estimates. Also higher was XPO Logistics (XPO), which jumped $6.38, or 15.03%, to $48.83 after agreeing to acquire Norbert Dentressangle, a provider of contract logistics. Among the noteworthy losers was Stratasys (SSYS), which fell $11.37, or 22.16%, to $39.93 after the 3D printer maker reported preliminary earnings below analyst expectations and cut its fiscal year guidance. Also lower were shares of Lumber Liquidators (LL), which dropped $6.66, or 19.93%, to $26.76 after the company reported earnings, said that its CFO has left and disclosed that the DOJ indicated that it is seeking criminal charges under the Lacey Act. INDEXES: The Dow fell 74.61, or 0.41%, to 18,035.53, the Nasdaq lost 31.78, or 0.63%, to 5,023.64, and the S&P 500 declined 7.91, or 0.37%, to 2,106.85.
16:01 EDTCRMOptions Update; April 29, 2015
iPath S&P 500 VIX Short-Term Futures up 47c to 21.24 Option volume leaders: AAPL TSLA TWTR GILD FB AMZN C MCD BAC CRM BIDU WYNN according to Track Data.
15:21 says does not comment on rumors, speculation, CNBC says
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14:58 EDTCRMSalesforce hires bankers after approach by potential buyer, Bloomberg says
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14:54 calls active after report on takeover approach
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14:48 reopens, up 13% after Bloomberg report on takeover approach
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14:43 jumps 5% after Bloomberg says bankers hired to field offers
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14:41 EDTCRMSalesforce hires bankers to handle takeover inquiries, Bloomberg reports
April 23, 2015
11:31 EDTCRMOptions with increasing implied volatility
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10:53 spikes higher, levels to watch
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10:50 calls active on renewed takeover chatter April weekly 68 and 69 calls are active on total call volume of 7K contracts (1K puts) on renewed takeover speculation. April weekly option implied volatility is at 34, May is at 23, June is at 33, July is at 29; compared to its 26-week average of 33 according to Track Data. Active call volume suggests traders taking positions for large price movement.
10:45 EDTCRMRumor: active on renewed takeover speculation
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April 22, 2015
11:08 EDTCRMOptions with increasing implied volatility
Options with increasing implied volatility: CZR FMSA PSEC CSX AEO CRM BBY SPLS HPQ DTV
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