Salesforce.com (CRM) Poised to Deliver Strong Q4 Revenue - Analyst
Tweet Send to a FriendGet Alerts CRM Hot Sheet
Price: $46.33 -1.45%
Rating Summary:
31 Buy, 3 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
31 Buy, 3 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade CRM Now!
Salesforce.com (Nasdaq: CRM) is scheduled to report Q4 results on Thursday, and analysts at Wedbush expected positive results, with a top line beat and EPS in-line with consensus.
"Our checks suggest several factors will drive revenue upside: (a) increasing traction in the customer service market; (b) continuing share gains in sales automation; (c) large enterprise license agreements (ELAs); and (d) growth in cross-sell and multi-product deals involving core CRM, platform, and collaboration. Our checks also indicate CRM tightened its partner program on Feb. 1 to focus on larger SIs, which we view as a positive sign for enterprise market momentum," wrote analyst Steve Koenig.
Koenig said checks showed promising initiatives were also in the works, including functions designed to complement Service Cloud and force.com.
Wedbush has an Outperform rating on Salesforce.com with a price target of $195.
For an analyst ratings summary and ratings history on salesforce.com (Nasdaq: CRM) click here. For more ratings news on salesforce.com click here.
Shares of salesforce.com closed at $170.56 yesterday, with a 52 week range of $120.18-$178.91.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
"Our checks suggest several factors will drive revenue upside: (a) increasing traction in the customer service market; (b) continuing share gains in sales automation; (c) large enterprise license agreements (ELAs); and (d) growth in cross-sell and multi-product deals involving core CRM, platform, and collaboration. Our checks also indicate CRM tightened its partner program on Feb. 1 to focus on larger SIs, which we view as a positive sign for enterprise market momentum," wrote analyst Steve Koenig.
Koenig said checks showed promising initiatives were also in the works, including functions designed to complement Service Cloud and force.com.
Wedbush has an Outperform rating on Salesforce.com with a price target of $195.
For an analyst ratings summary and ratings history on salesforce.com (Nasdaq: CRM) click here. For more ratings news on salesforce.com click here.
Shares of salesforce.com closed at $170.56 yesterday, with a 52 week range of $120.18-$178.91.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: UBS Downgrades Carnival (CCL) to Neutral; Worst May Not Be Behind
- Urban Outfitters (URBN) Added to Best Ideas List at Janney Capital on Solid Q1 Results
- First Time Cruisers Pass on Carnival (CCL); Wells Fargo Cuts to Market Perform
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewComments
CRM
are they making any money??? revenue beat and EPS in line means what exactly?
Is that NON-GAAP AS WELL????????????
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
Continued Growth
Daniel Kim on Feb 27, 2013 11:34 PMMark as Spam | Reply to this comment
Thanks for providing this information!
The empirical data displayed, solidifies the importance of utilizing/implementing social CRM in today's progressive economic environment. The strong fiscal quarter proves that SCRM still has momentum, and more businesses are adopting SCRM platforms. This is due to an increased effort to organize the flow of unique customer data, allowing employees to boost their productivity. Furthermore, both the business and client attain the ability to communicate effectively. Thus, cloud-based office suites like Greenrope, are now seen as a necessity for the continued growth of any business. Also, the ease and accessibility along with social media integration, allows SCRM to transcend new channels of communication. By identifying and targeting the current customer trends, the client/business relationship forms a strong foundation by exhibiting the flexibility of a business. Also, the immediate notification of customer inquiries allows businesses to actively engage with their clientele. Therefore, adapting to the ever changing environment and trends.