Barclays Q2 Preview on salesforce.com (CRM): So Far, So Good
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Price: $196.21 -2.56%
Rating Summary:
48 Buy, 20 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
48 Buy, 20 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Barclays maintains an 'Overweight' on salesforce.com (NYSE: CRM) price target of $169.00.
Analyst, Raimo Lenschow, said, "We are fairly in line with consensus for Q2 with billings, deferred revenue and subscription revenue all looking somewhat sub-seasonal with the Q3 forecast looking more in-line for billings but still sub-seasonal on revenue. We also find that the Number of Transactions grew c. 60% y/y against tough comps, which is fine, although reiterate our view that it is unclear how useful a read this is for billings growth."
CRM reports Q2 on August 23, 2012.
For an analyst ratings summary and ratings history on salesforce.com click here. For more ratings news on salesforce.com click here.
Shares of salesforce.com closed at $139.84 yesterday.
Analyst, Raimo Lenschow, said, "We are fairly in line with consensus for Q2 with billings, deferred revenue and subscription revenue all looking somewhat sub-seasonal with the Q3 forecast looking more in-line for billings but still sub-seasonal on revenue. We also find that the Number of Transactions grew c. 60% y/y against tough comps, which is fine, although reiterate our view that it is unclear how useful a read this is for billings growth."
CRM reports Q2 on August 23, 2012.
For an analyst ratings summary and ratings history on salesforce.com click here. For more ratings news on salesforce.com click here.
Shares of salesforce.com closed at $139.84 yesterday.
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