salesforce.com (CRM): Earnings Preview - Mizuho

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".

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 $81.63 yesterday.

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