salesforce.com (CRM) Tops Q2 EPS by 2c; Issues Light Q3 Outlook
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BMO Capital Cuts Price Target on salesforce.com (CRM) to $86 Following 2Q Report
September 1, 2016 10:02 AM EDTBMO Capital maintained an Outperform rating on salesforce.com (NYSE: CRM), and cut the price target to $86.00 (from $98.00), following the company's 2Q earnings report. Revenue and EPS were ahead of consensus estimates. However, billings came in weaker than expected.
Analyst Keith Bachman... More
Oppenheimer Reiterates Outperform on salesforce.com (CRM) Following 2Q Report
September 1, 2016 9:51 AM EDTOppenheimer reiterated an Outperform rating and $95.00 price target on salesforce.com (NYSE: CRM) following the company's 2Q earnings report. CRM reported total revenue of $2.036B was ~$16M above the consensus. EPS of $0.24 was $0.02 above consensus. Total revenue guidance is $2.11-2.12B and compares to the $2.12B consensus. PF EPS guidance is $0.20-0.21, which is... More
UBS Reiterates Buy on salesforce.com (CRM) Following 2Q Report
September 1, 2016 9:40 AM EDTUBS reiterated a Buy rating and $100.00 price target on salesforce.com (NYSE: CRM) following the company's 2Q earnings report. CRM raised 2017 revenue guidance to $8.275-8.325Bn vs. prior guidance of $8.26-8.32Bn. UBS adjusted 2017 revenue estimates to $8,325 from 8,269M.
Analyst Brent Thill commented, "After 2 monster qtrs. in Q4 & Q1, a mixed FQ2 was a small... More
Cowen Remains Bullish on salesforce.com (CRM) Following 2Q
September 1, 2016 8:10 AM EDTCowen reiterated an Outperform rating and $100.00 price target on salesforce.com (NYSE: CRM) following the company's 2Q earnings report.
Analyst Derrick Wood commented, "CRM called out end-of-qtr softness in the U.S. that seemingly weighed on hitting internal bookings targets. But... More
Wedbush Reiterates Outperform on salesforce.com (CRM) Following 2Q Report
September 1, 2016 8:00 AM EDTWedbush maintained an Outperform rating on salesforce.com (NYSE: CRM), and cut the price target to $96.00 (from $98.00), following the company's 2Q earnings report. Revenue of $2.0B was $17M above consensus, and the company beat EPS estimates by $0.02. Industry and partner checks dont point... More
Jefferies Maintains Cautious Stance on Salesforce (CRM) Following Weak Qtr
September 1, 2016 7:38 AM EDTJefferies analyst John DiFucci reiterated a Hold rating and $80 price target on salesforce.com (NYSE: CRM) following a weak quarter with little clarity.
DiFucci commented, "CRM beat headline expectations but missed billings, and New Sub ACV declined modestly yoy. F3Q guidance... More
Salesforce.com (CRM) September implied volatility elevated into Q2 and outlook
August 31, 2016 1:57 PM EDTsalesforce.com (NYSE: CRM) September weekly call option implied volatility is at 93, September is at 41, October is at 32; compared to its 52-week range of 34 to 79 into the expected release of Q2 results today after the market close.
... More