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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.
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September 15, 2014
16:32 EDTCRMSalesforce.com assumed with an Outperform at RBC Capital
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07:24 EDTCRMTech leaders concede need to address privacy, security concerns, FT says
Prominent start-up investor and Facebook (FB) director Peter Thiel said a "crescendo of concern is building up in Europe" about the U.S. tech industry's record on online privacy and security, which Silicon Valley is underestimating "badly,” though Google (GOOG) chairman Eric Schmidt tech companies "are way sensitive" to the concerns, reported Financial Times. The same report noted that Brad Smith, general counsel of Microsoft (MSFT), said some in the industry have "underestimated the degree to which people care about privacy,” while Salesforce.com (CRM) CEO Marc Benioff said consumer Internet companies have “paid a terrible price” for imposing a U.S.-centric view of their technology. Reference Link
06:23 EDTCRMCisco says Salesforce.com CEO Benioff to step down from board
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September 10, 2014
05:38 EDTCRMSalesforce.com signs agreement to establish data center in France
Salesforce.com (CRM) announced that it has signed an agreement to establish a new European Data Centre in France, selecting Interxion (INXN) as its service provider. The new data centre in France is one of three planned for Europe and will support the company's growing base of customers across the region. Salesforce.com's European Data Centre in France will be powered 100% by renewable energy sources.
September 9, 2014
11:30 EDTCRMSalesforce.com issues security alert on Dyre malware
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September 8, 2014
08:10 EDTCRMSalesforce.com allocates $100M to venture capital fund for app builders
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September 5, 2014
07:17 EDTCRMSalesforce.com management to meet with UBS
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September 3, 2014
13:03 EDTCRMConcur advances after report says acquisition being explored
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