(CRM): Earnings Preview - Mizuho

August 15, 2016 6:33 AM EDT
Get Alerts CRM Hot Sheet
Price: $74.95 --0%

Rating Summary:
    50 Buy, 8 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 20 | New: 8
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Mizuho Securities analyst, Abhey Lamba, reiterated his Outperform rating on shares of (NYSE: CRM) and expects another beat and raise quarter. 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".

For an analyst ratings summary and ratings history on click here. For more ratings news on click here.

Shares of closed at $81.63 yesterday.

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