Wedbush Reiterates Outperform on salesforce.com (CRM) Following 2Q Report
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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
salesforce.com's (CRM) Q2 Miss Seen as "Perplexing' - Deutsche Bank
September 1, 2016 8:27 AM EDTDeutsche Bank maintained a Buy rating on salesforce.com (NYSE: CRM) but trimmed its price target to $90.00 (from $95.00). The change follows weak Q2 results. Analyst Karl Keirstead said soft results were puzzling.
"The miss is perplexing, as we haven't picked up strong... 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
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
Wall Street flat as tech offsets manufacturing data
September 1, 2016 7:21 AM EDTBy Chuck Mikolajczak
NEW YORK (Reuters) - U.S. stocks were flat on Thursday, with gains in the tech sector offseting sluggish factory activity data and lower oil prices, as investors exercised caution ahead of a key payrolls report on Friday.
A report from the Institute of Supply Management showed U.S. factory activity contracted for the first time in six months in August as new orders and production tumbled, but data on the labor market pointed to a pickup in third-quarter economic growth.
"The ISM data was, in a word, disappointing, because many investors and market... More
BTIG Affirms salesforce.com (CRM) at 'Buy'; Q2 Results May Draw Questions, but L-T Targets Remain in Focus
September 1, 2016 7:10 AM EDTBTIG affirms salesforce.com (NYSE: CRM) at Buy with a price target of $100 following the company's Q2 results on Wednesday night.
Analyst Joel Fishbein noted, While Salesforce delivered an in-line 2Q print on most metrics, investors will debate the full implications of the underwhelming billings performance and guidance. Specifically, billings grew only +15% y/y, with softness... More
salesforce.com (CRM): Billings Deceleration Forces A PT Cut - Mizuho
September 1, 2016 7:10 AM EDTMizuho Securities analyst, Abhey Lamba, reiterated his Buy rating on shares of salesforce.com (NYSE: CRM) but cut his price target to $85.00 (from $100.00) after Salesforce.com reported mixed F2Q results.
The company beat on revenue and EPS, while billings showed meaningful... More
Option volume flows
September 1, 2016 5:29 AM EDTStocks and options expected to have increasing volume: CRM BOX CTRP FIVE LULU F GM CPB CIEN
Options with increasing call volume on August 31; JNK HDP VIAV BOX ASNA VEEV LGF HIMX ISIL
Options with increasing put volume on August 31; EXPR WPX CERS PSTG BOX AG HRB XAU CHS VEEV AMAG CIEN
... MoreAfter-Hours Stock Movers 08/31: (CYNA) (OXM) (OLLI) Higher; (CRM) (SCVL) (FIVE) Lower (more...)
August 31, 2016 5:46 PM EDTAfter-Hours Movers
Cynapsus Therapeutics Inc. (NASDAQ: CYNA) 119% HIGHER; Sunovion Pharmaceuticals Inc. and Cynapsus Therapeutics Inc. (NASDAQ: CYNA) announced that the companies have signed a definitive agreement under which Sunovion will acquire Cynapsus for US$40.50 per share in cash. The transaction has received unanimous approval by the Board of Directors of both companies and values Cynapsus at approximately US$624 million (or approximately CAN$820 million). The acquisition will be funded with cash on hand. The transaction is expected to close in the fourth quarter of 2016... More
Salesforce third-quarter revenue forecast misses, shares fall
August 31, 2016 4:15 PM EDTBy Aishwarya Venugopal and Gayathree Ganesan
(Reuters) - Cloud software maker Salesforce.com Inc (NYSE: CRM) forecast third-quarter revenue below estimates as it saw some softness, primarily in the United States, sending the company's shares down by 7.7 percent in extended trading.
For the third quarter, Salesforce said it expected an adjusted profit of 20-21 cents per share and revenue of $2.11 billion-$2.12 billion.
Analysts on average were expecting an adjusted profit... More
salesforce.com (CRM) Tops Q2 EPS by 2c; Issues Light Q3 Outlook
August 31, 2016 4:06 PM EDTsalesforce.com (NYSE: CRM) reported Q2 EPS of $0.24, $0.02 better than the analyst estimate of $0.22. Revenue for the quarter came in at $2.04 billion versus the consensus estimate of $2.02 billion.
GUIDANCE:
salesforce.com sees Q3 2017 EPS of $0.20-$0.21, versus the consensus of... 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.
... MoreTrading Radar for 08/31: salesforce.com (CRM), Box (BOX), Ctrip (CTRP), Brown-Forman (BF-A) Report
August 30, 2016 2:56 PM EDTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
8:15am EDT
Earnings: