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March 3, 2014
1st Annual JMP Technology Conference is being held in San Francisco on March 3-4.
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November 18, 2015
16:11 EDTCRMSalesforce reports Q3 deferred revenue up 28% to $2.85B
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16:09 EDTCRMSalesforce sees FY17 revenue $8B-$8.1B, consensus $7.99B
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16:08 EDTCRMSalesforce sees FY16 adjusted EPS 74c-75c, consensus 73c
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16:07 EDTCRMSalesforce sees Q4 adjusted EPS 18c-19c, consensus 19c
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16:06 EDTCRMSalesforce reports Q3 adjusted EPS 21c, consensus 19c
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14:49 EDTCRMEarnings Watch: Salesforce shares up 14% since last earnings report
Salesforce (CRM) is scheduled to report third quarter results after the market close on Wednesday, November 18, with a conference call scheduled for 5:00 pm ET. Salesforce is a provider of enterprise cloud computing solutions that include apps and platform services. EXPECTATIONS: Analysts are looking for earnings per share of 19c on revenue of $1.7B, according to First Call. The consensus range for EPS is 17c-20c on revenue of $1.68B-$1.72B. On its last earnings conference call, Salesforce gave Q3 EPS guidance of 18c-19c and revenue guidance of $1.69B-$1.7B. It also gave FY16 EPS guidance of 70c-72c and FY16 revenue of $6.6B-$6.63B. The company expects FY16 operating cash flow growth of approximately 34%-35%. Salesforce said it is now on pace to reach $7B run rate later this year. LAST QUARTER: On August 20, Salesforce reported second quarter EPS of 19c, beating the consensus analyst forecast of 18c. The company's revenue came in at $1.63B, topping the consensus estimate of $1.60B. It reported deferred revenue on balance of $3.03B as of July 31 and Q2 subscription and support revenue of $1.52B. Salesforce added that Q2 was the "best quarter ever" for the company due to momentum in Europe and growth in the adoption of its core platform. NEWS: Salesforce and Western Union (WU) announced an agreement for Western Union to use Sales Cloud, Community Cloud, Analytics Cloud and App Cloud to automate previously paper-based processes. Salesforce also announced plans to extend its strategic partnership with Microsoft (MSFT). The company said it would double its workforce in the Seattle area. STREET RESEARCH: Brean Capital said Salesforce should be a core holding due its new cloud targets, operating margin expansion and revenue growth in the 20%-30% range year over year. Jeffries said it was impressed with the company's DreamForce conference, but kept an Underperform rating on the stock because the net present value of new business may be negative for Salesforce at this time. In late September, Oppenheimer said that the company's checks were positive. It added that Salesforce's share of the market could be increasing and adds that Salesforce's platform strategy is becoming more popular with customers. PRICE ACTION: Salesforce shares are up over 14% since the company's Q2 report. In afternoon trading ahead of Thursday's report, Salesforce shares are up fractionally.
14:38 EDTCRMNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Salesforce (CRM), consensus 19c... L Brands (LB), consensus 52c... (CTRP), consensus 9c... NetApp (NTAP), consensus 57c... Keurig Green Mountain (GMCR), consensus 71c.
14:23 EDTCRMSalesforce technical comments ahead of earnings
The stock is trading relatively close to lifetime highs ahead of earnings. The trend has been strongly bullish since January 2012, with price having recently tested near the $80 area, the life high is at $79.82. If the news is a positive surprise, a breakout above the $80 area seems probable, opening up a run to the $85 level. If the news is a bearish disappointment, there is significant support at the $75 area. If that breaks, next support below would be at $73.08 and then at $71.05.
13:47 EDTCRMSalesforce November 77 straddle priced for 7% movement into Q3
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08:16 EDTCRMSalesforce volatility increases into Q3 and outlook
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07:59 EDTCSCOUBS to hold a conference
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05:37 EDTCRMStocks with implied volatility above IV index mean; CRM BBY
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November 17, 2015
16:01 EDTCSCOOptions Update; November 17, 2015
iPath S&P 500 VIX Short-Term Futures up 1.32 to 21.07. Option volume leaders: GE BAC AAPL FB NFLX SYF WMT CSCO MU SUNE VRX BABA AMZN HD FCX
15:43 EDTCRMStutz leaving Microsoft to join Salesforce, Re/code reports
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15:22 EDTSGISilicon Graphics to hold financial analyst day
Financial Analyst Day is being held in Austin, Texas on November 18 at 3:30 pm. Webcast Link
11:40 EDTSGISilicon Graphics to host annual investor day
Annual Investor Day, held in conjunction with the International Conference for High Performance Computing, Networking, Storage and Analysis, will be held in Austin, TX on November 18 at 3:30 pm. Webcast Link
08:16 EDTQLYSBTIG to hold a summit
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05:24 EDTCRMStocks with implied volatility above IV index mean; CRM HD
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November 16, 2015
05:30 EDTCRMStocks with implied volatility above IV index mean; ODP CRM
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05:26 EDTCSCOEricsson CEO says no talks with Cisco about merger or acquisition
Ericsson (ERIC) has noted the recent speculation in the press and financial markets regarding an interest by Cisco (CSCO) to acquire Ericsson. On November 9, the two companies announced a global business and technology partnership to create the networks of the future. The partnership announcement was supported by multiple agreements that include commitments to network transformation through reference architectures and joint development, systems-based management and control, a broad reseller agreement, and collaboration in key emerging market segments. President, CEO and member of the board, Hans Vestberg says: "We note that there are rumors in the market regarding an acquisition of Ericsson by Cisco possibly spurred by the recent announcement of a partnership between our two companies. The talks leading up to the partnership announcement have been ongoing for a year and there have not been any discussions whatsoever on a merger or an acquisition."
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