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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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February 26, 2015
10:19 EDTCRMHigh option volume stocks
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09:35 EDTCRMActive equity options trading on open
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09:25 EDTCRMOn The Fly: Pre-market Movers
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07:55 EDTCRMSalesforce.com price target raised to $80 from $75 at Credit Suisse
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07:43 EDTCRMSalesforce.com price target raised to $80 from $70 at Canaccord
Canaccord raised its price target on Salesforce.com to $80 from $70 following its Q4 report, citing increased guidance, margin expansion, and an increase in large deal transactions. Canaccord reiterated its Buy rating on Salesforce.com shares.
07:42 EDTCRMSalesforce.com price target raised to $79 from $70 at Stifel
Stifel increased its price target on Salesforce.com after the company reported in-line results but higher than expected billings. The firm thinks the company's margins are continuing to expand and it keeps a Buy rating on the stock.
07:06 EDTCRMSalesforce.com guidance conservative, says Pacific Crest
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07:05 EDTCRMSalesforce.com price target raised to $80 from $70 at Deutsche Bank
Deutsche Bank raised its price target for Salesforce.com shares to $80 after the company posted 37% constant currency billings growth in Q4. It reiterates a Buy rating on the stock.
06:38 EDTCRMSalesforce.com price target raised to $78 from $71 at Citigroup
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February 25, 2015
18:24 EDTCRMOn The Fly: After Hours Movers
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16:09 EDTCRMSalesforce.com FY16 EPS 67c-69c, consensus 69c
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16:07 EDTCRMSalesforce.com sees Q1 EPS 13c-14c, consensus 15c
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16:06 EDTCRMSalesforce.com reports Q4 EPS 14c, consensus 14c
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15:12 EDTCRMSalesforce.com technical notes ahead of results
Shares have been trading in a range largely bound between $55 at the low and $65 at the high for the last several months. There is a bullish bias within the range. The two extremes of the range may be helpful for understanding where price could go post-earnings. A move up to and above the high at $65 would mean a potential breakout to the 52-week high and life high at $67. That high was set nearly a year ago to date. A breakout above $67 would set up a run to $70. The $70 area would be the top of the long-term price channel, projected forward in time. If the news is not as bullish as traders appear to expect, a move down to the $55 area would be possible. Support prior to that range low is at $58.92, the 50-day moving average, which could be a downside objective on a less severe disappointment. A breakdown below $55 would see next support at $52.74.
15:05 EDTCRMNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include salesforce.com (CRM), consensus 14c... Avago Technologies (AVGO), consensus $1.94... L Brands (LB), consensus $1.80... Workday (WDAY), consensus (6c)... BioMarin (BMRN), consensus (59c)... Concho Resources (CXO), consensus 84c... Antero Resources (AR), consensus 28c... Medivation (MDVN), consensus $1.34... Transocean (RIG), consensus 77c... Sprouts Farmers Market (SFM), consensus 9c... SINA Corporation (SINA), consensus 18c.
14:52 EDTCRMSalesforce.com February weekly 62 straddle priced for 7.2% movement into Q4
07:12 EDTCRMSalesforce.com February weekly volatility elevated into Q4 and outlook
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February 23, 2015
06:20 EDTCRMSalesforce.com February weekly volatility elevated into Q4 and outlook
Salesforce.com February weekly call option implied volatility is at 76, March is at 35, April is at 33, May is at 30; compared to its 26-week average of 33 according to Track Data, suggesting larger near term price movement into the expected release of Q4 results after the market close on February 25.
February 19, 2015
17:42 EDTCRMSalesforce.com CEO sold 125K shares for $7.39M, Barron's says
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February 18, 2015
07:53 EDTCRMSalesforce.com Q4 closed well, says Oppenheimer
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