salesforce.com (CRM): Earnings Preview - Mizuho
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Mizuho Securities analyst, Abhey Lamba, reiterated his Outperform rating on shares of salesforce.com (NYSE: CRM) and expects another beat and raise quarter.
Salesforce.com reports F2Q17 results on August 29 after market close. His checks suggest a robust pipeline of large deals. He also expects revenues, billings & CFFO to come in above estimates while EPS could be in-line due to recent acquisition-related costs. For guidance, management could modestly raise its FY17 revenue forecast while reiterating EPS range.
No change to the $100 PT but the analyst is expecting "potential upside to estimates while valuation seems reasonable given FCF growth prospects".
Shares of salesforce.com closed at $81.63 yesterday.
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