Businesses Show Deceleration in Salesforce.com (CRM) Related Performance
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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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A survey by Macquarie Equity Research shows Salesforce.com (NYSE: CRM) related business performance in the 3 months ending April was above plan for 45 percent of businesses, compared to 67 percent last quarter. Analysts were unclear how much of the deceleration was seasonal.
Additionally, 63 percent of participants believe Salesforce.com’s competitive position has strengthened in the past few months vs. 8 percent weakened and 29 percent stable.
70 percent of participants indicated greater than 15 percent year of year growth in the number of salesforce.com certified professionals within their organizations.
Macquarie Capital Research has an Outperform rating on CRM with a $170 price target.
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 $148.98 yesterday.
Additionally, 63 percent of participants believe Salesforce.com’s competitive position has strengthened in the past few months vs. 8 percent weakened and 29 percent stable.
70 percent of participants indicated greater than 15 percent year of year growth in the number of salesforce.com certified professionals within their organizations.
Macquarie Capital Research has an Outperform rating on CRM with a $170 price target.
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 $148.98 yesterday.
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