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Stock Market & Financial Investment News

News Breaks
August 21, 2014
13:45 EDTCRM Earnings Preview: Analysts positive on Salesforce.com ahead of Q2 earnings
Salesforce.com (CRM) is expected to report second quarter earnings after the market close on Thursday, August 21 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 12c on revenue of $1.29B. The consensus range is 11c-13c for EPS, and $1.28B-$1.30B for revenue, according to First Call. LAST QUARTER: Salesforce.com reported first quarter EPS of 11c against estimates of 10c on revenue of $1.23B against estimates of $1.21B. Looking ahead, the company gave Q2 adjusted EPS guidance of 11c-12c and Q2 revenue of $1.29B. It also raised its full year 2015 EPS guidance to 49c-51c from 48c-50c, expecting 125bps-150bps of operating margin improvement during the year. Second quarter operating flow should grow approximately 10% year-over-year and FY15 operating cash flow should grow in the mid-20%. NEWS: Salesforce.com announced a strategic partnership with Microsoft to create new solutions that connect the company's customer relationship management apps and platform to Microsoft Office and Windows. Terms of the deal were not disclosed. Salesforce.com also announced a strategic alliances with Philips (PHG) and Deutsche Telekom's (DTEGY) customer unit T-Systems. In July, Salesforce.com agreed to acquire a relationship intelligence platform RelateIQ. The acquisition is expected to close in Q3 and not expected to have an impact on the company's guidance for revenue or non-GAAP EPS in FY15. STREET RESEARCH: UBS analysts said Salesforce.com remains one of its top large cap growth ideas, with international expansion opportunities and local data centers could open up pent-up demand and further accelerate growth. Ahead of the Q2 earnings, Pacific Crest believes the company's weakness is a buying opportunity after checks indicate transaction volumes are good enough to provide an uptick. BofA/Merrill analysts also recommends investors buy Salesforce.com heading into the second half given expectations for respectable billings and accelerating income growth. Oppenheimer expects the company to report good Q2 results with Q3 and second half of FY14 targets to exceed 25%. UBS, however, said Q2 results are expected to be uneventful although it sees a solid second half of the year. The firm cited its foundation for continued 20%+ revenue growth into next year with product extensions and increasing investments in Europe. PRICE ACTION: Salesforce.com shares have gained more than 4.4% since the first day of trading following the company's Q1 report. In Thursday afternoon trading ahead of the Q2 report, Salesforce.com shares are trading near the flat line at $55.38.
News For CRM From The Last 14 Days
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March 26, 2015
14:41 EDTCRMSalesforce.com volatility at low end of historic range
Salesforce.com April call option implied volatility is at 27, May is at 28, August is at 30; compared to its 26-week average of 33 according to Track Data, suggesting decreasing price movement.
March 20, 2015
11:35 EDTCRMSalesforce.com management to meet with Oppenheimer
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March 17, 2015
17:30 EDTCRMOracle says will outsell Salesforce.com in new SaaS, PaaS business this year
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17:24 EDTCRMOracle says growing faster than Salesforce.com
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10:00 EDTCRMOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Aimco (AIV) initiated with an Outperform at RW Baird... Alnylam (ALNY) initiated with a Buy at Janney Capital... American Campus (ACC) initiated with a Neutral at RW Baird... AvalonBay (AVB) initiated with a Neutral at RW Baird... BE Aerospace (BEAV) initiated with a Buy at CRT Capital... BlackRock (BLK) initiated with a Buy at Argus... Camden Property (CPT) initiated with an Outperform at RW Baird... CarMax (KMX) initiated with a Buy at Evercore ISI... Central Pacific (CPF) initiated with a Neutral at Macquarie... Cognex (CGNX) initiated with a Buy at Northcoast... Education Realty (EDR) initiated with a Neutral at RW Baird... EnerSys (ENS) initiated with an Overweight at Stephens... Equity Lifestyle (ELS) initiated with an Outperform at RW Baird... Equity Residential (EQR) initiated with a Neutral at RW Baird... Essex Property Trust (ESS) initiated with a Neutral at RW Baird... Facebook (FB) initiated with a Buy at Brean Capital... Intercept (ICPT) initiated with a Hold at MLV & Co.... Isis Pharmaceuticals (ISIS) initiated with a Neutral at Janney Capital... LinkedIn (LNKD) initiated with a Sell at Brean Capital... Mid-America Apartment (MAA) initiated with an Outperform at RW Baird... NetSuite (N) initiated with a Hold at Brean Capital... Paycom (PAYC) initiated with a Buy at Brean Capital... Platform Specialty Products (PAH) initiated with a Buy at UBS... Post Properties (PPS) initiated with a Neutral at RW Baird... Salesforce.com (CRM) initiated with a Hold at Brean Capital... ServiceNow (NOW) initiated with a Buy at Brean Capital... Snap-On (SNA) initiated with a Buy at Northcoast... Sun Communities (SUI) initiated with a Neutral at RW Baird... Twitter (TWTR) initiated with a Buy at Brean Capital... UDR, Inc. (UDR) initiated with an Outperform at RW Baird... Workday (WDAY) initiated with a Hold at Brean Capital... Xplore Technologies (XPLR) initiated with a Buy at Roth Capital... Yahoo (YHOO) initiated with a Hold at Argus.
March 16, 2015
16:26 EDTCRMSalesforce.com initiated with a Hold at Brean Capital
Target $70.

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