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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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November 20, 2014
16:11 EDTCRMSalesforce.com initiated with an Underperform at Jefferies
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11:37 EDTCRMSalesforce.com weakness a buying opportunity, says FBN Securities
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09:36 EDTCRMActive equity options trading
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09:21 EDTCRMOn The Fly: Pre-market Movers
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09:08 EDTCRMSalesforce guidance in-line when forex adjusted, says Stephens
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08:06 EDTCRMSalesforce.com should be bought on weakness, says Oppenheimer
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07:29 EDTCRMSalesforce.com price target raised to $70 from $65 at Canaccord
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November 19, 2014
18:22 EDTCRMOn The Fly: After Hours Movers
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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
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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
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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
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16:06 EDTCRMSalesforce.com reports Q3 EPS 14c, consensus 13c
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15:31 EDTCRMNotable companies reporting after market close
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13:21 EDTCRMSalesforce.com November 61 straddle priced for 4.5% move into Q3
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November 18, 2014
13:36 EDTCRMSalesforce.com November volatility elevated into Q3 and outlook
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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
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