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News Breaks
July 24, 2014
12:39 EDTEGAN, EGAN, EGANeGain management to meet with Benchmark Co.
Meetings to be held in Boston on July 30 and in Philadelphia on July 31 hosted by Benchmark Co.
News For EGAN From The Last 14 Days
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July 7, 2015
11:19 EDTEGANBrean Capital ups Salesforce citing improved revenue outlook
Research firm Brean Capital upgraded (CRM) to Buy from Hold in a note to investors today, saying that the company is poised to obtain more revenue from its marketing and services products. Additionally, Salesforce should benefit from its newer products and the increased integration of its offerings, the firm contended. WHAT'S NEW: Pent-up demand for better ad management tools will drive sales of Salesforce's marketing products, according to Brean Capital analyst Sarah Hindlian. Meanwhile, the company's service cloud offerings will generate more revenue due to changes in customer service trends, Hindlian believes. Additionally, Salesforce's new products and the increased integration of its clouds will enable it sell all of its offerings more effectively, boosting its overall revenue and margins, she contended. Following the release of its newer products, Salesforce provides better coverage of the entire customer lifecycle, increasing its ability to sell all of its systems together, the analyst explained. Hindlian raised her fiscal 2017 and fiscal 2018 estimates for the company slightly above consensus levels, and set an $85 price target on the shares. OTHERS TO WATCH: Other companies offering cloud-based digital engagement solutions include eGain (EGAN), Zendesk (ZEN) and LivePerson (LPSN). PRICE ACTION: In late morning trading, Salesforce dropped 0.7% to $68.69.

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