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June 23, 2014
15:18 EDTSAP, MCRS, CRM, ORCLOracle deal for MICROS a near-term strategic positive, says Maxim
Maxim views Oracle's (ORCL) deal for MICROS (MCRS) as a near-term strategic positive that gives the company a more comprehensive solution in the verticals of food and beverage, hotels and retail than competitors SAP (SAP) and (CRM). Maxim keeps its Buy rating and $48 price target on Oracle.
News For ORCL;MCRS;SAP;CRM From The Last 14 Days
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November 18, 2015
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.
14:05 EDTORCLOracle continues to believe Cloud will become bigger part of software offering
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13:47 EDTCRMSalesforce November 77 straddle priced for 7% movement into Q3
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10:29 EDTORCLOptions with increasing implied volatility
Options with increasing implied volatility: TERP CSC SGMS RH BBRY ULTA SNDK ORCL NKE VNET
08:16 EDTCRMSalesforce volatility increases into Q3 and outlook
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07:59 EDTSAPUBS 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
15:43 EDTCRMStutz leaving Microsoft to join Salesforce, Re/code reports
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05:24 EDTCRMStocks with implied volatility above IV index mean; CRM HD
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November 16, 2015
10:00 EDTORCLOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alliant Energy (LNT) upgraded to Outperform from Market Perform at Wells Fargo... AmerisourceBergen (ABC) upgraded to Equal Weight from Underweight at Morgan Stanley... Amphenol (APH) upgraded to Buy from Neutral at Goldman... CA Technologies (CA) upgraded to Neutral from Sell at Citi... Cempra (CEMP) upgraded to Overweight from Equal Weight at Morgan Stanley... Edgewell Personal Care (EPC) upgraded to Neutral from Sell at Goldman... Eli Lilly (LLY) upgraded on improved growth outlook at BMO Capital... MiMedx (MDXG) upgraded to Strong Buy from Buy at Needham... NVIDIA (NVDA) upgraded to Buy from Hold at Canaccord... New York REIT (NYRT) upgraded to Buy from Hold at Evercore ISI... Oracle (ORCL) upgraded to Conviction Buy from Buy at Goldman... Perrigo (PRGO) upgraded to Buy from Neutral at UBS... Semtech (SMTC) upgraded to Buy from Neutral at B. Riley... Tullow Oil (TUWOY) upgraded to Buy from Neutral at UBS... Wabtec (WAB) upgraded to Outperform on valuatoin at Raymond James.
09:53 EDTORCLOracle rallies, levels to watch
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09:37 EDTORCLActive equity options trading on open
Active equity options trading on open: AAPL FB ORCL BAC SUNE FDX FCX EXPE NFLX MU AMZN INTC TSLA
07:23 EDTORCLOracle upgraded to Conviction Buy from Buy at Goldman
Goldman added Oracle to the Conviction Buy List and increased its price target to $47 from $45 on shares following checks that indicate cloud revenue growth will accelerate in second half 2016. Analyst Heather Bellini said investors continue to have concerns about management's cloud guidance but field work provides increasing confidence Oracle will be successful in achieving 2016 bookings targets and expects management to guide towards accelerating revenue growth and gross margin expansion in 2017. Bellini sees 2016 as a bottom in non-GAAP operating margins and expects the Street's focus to shift towards cloud execution, leading to multiple expansion.
05:30 EDTCRMStocks with implied volatility above IV index mean; ODP CRM
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November 13, 2015
08:37 EDTCRMSalesforce volatility elevated into Q3 and outlook
Salesforce November call option implied volatility is at 74, December is at 45, January is at 40; compared to its 52-week range of 27 to 60, suggesting large near term price movement into the expected release of Q3 results on November 18.
05:24 EDTCRMStocks with implied volatility above IV index mean; ODP CRM
Stocks with implied volatility above IV index mean; Office Depot (ODP) 108, Salesforce (CRM) 48 according to iVolatility.
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