Salesforce Announces Fiscal 2016 First Quarter Results

MKM Partners Raise Price Target on salesforce.com (CRM) Following Q1; Says '$10B Rev Goal Well in Sight'

MKM Partners maintains a Buy rating on salesforce.com (NYSE: CRM), and raised the price target to $86.00 (from $80.00), following 1Q results. CRM reported revenue of $1,511mn, beating consensus of $1,501mn. Reported EPS of $0.16 beat consensus of $0.14. Analyst Kevin Buttigieg says that the $10B revenue goal is well in sight.

Buttigieg commented on CRM, saying, "CRM beat F1Q16 consensus for revenues, EPS, billings, and cash flows. Adjusted billings... More

Canaccord Genuity Raised Price Target on salesforce.com (CRM) Following Q1 Results

Canaccord Genuity reiterates a Buy rating on salesforce.com (NYSE: CRM), and raised the price target to $85.00 (from $80.00), following Q1. CRM reported revenue of $1.51B ($11M ahead of estimates) and non-GAAP EPS of $0.16 ($0.02 ahead of estimates). Analyst Richard Davis said that CRM surpassed to $6B revenue run rate mark faster than any other enterprise software company, and guidance suggests that the $7B mark will... More

salesforce.com's (CRM) Price Target Raised to $90 at Deutsche Bank

Deutsche Bank maintained a Buy rating on salesforce.com (NYSE: CRM) and raised its price target to $90.00 (from $80.00). Analyst Karl Keirstead noted Q1 beat on most key metrics.

"While several 1Q15 prints across the SaaS space havent been stellar, Salesforce posted... More

salesforce.com (CRM) Results Bode Well for Peers Workday (WDAY), Veeva (VEEV) - Pacific Crest

Pacific Crest maintaind an Outperform rating on salesforce.com (NYSE: CRM) and raised its price target to $80.00 (from $77.00). Analyst Brendan Barnicle said Q1 results showed continued momentum. He also said strength at salesforce.com is positive for peers Workday, Inc. (NYSE:... More

Argus Upgrades salesforce.com (CRM) to Buy

Argus upgraded salesforce.com (NYSE: CRM) from Hold to Buy with a price target of $90.00.

The analyst commented, "While Salesforce outperformed expectations in fiscal 1Q16, our upgrade is based on what we view as the companys traction in enterprise applications software, beginning with its... More

salesforce.com (CRM) PT Raised to $82 at Nomura Post Q1; Trash Talk for SAP

Nomura Securities analyst Rick Sherlund reiterated a Buy rating and bumped his price target on salesforce.com (NYSE: CRM) to $82.00 (from $80.00) after the company reported better-than-expected results for Q1 and guided modestly higher for the full year.

Sherlund commented, "Billings growth of 21% (we estimate 23% cc) exceeded Street estimates of... More

Brean Capital Raises Price Target but Remains Sidelined Following salesforce.com (CRM) Strong Q1

Brean Capital maintains a Hold rating on salesforce.com (NYSE: CRM), and raised the price target to $76.00 (from $70.00), after a "stronger-than-expected" Q1. CRM reported revenues of $1.51bn vs. the consensus of $1.50bn. Operating margins also beat consensus, coming in at 11.7% compared to estimates of 10.4%.

Analyst Sarah Hindlian commented, "Salesforce.com reported a stronger-than-expected Q1 and raised its FY16 outlook. While implied Q2 billings guidance was weaker than consensus... More

salesforce.com (CRM) PT Raised to $90 at Credit Suisse

Credit Suisse analyst P. Winslow reiterated an Outperform rating and raised his price target on salesforce.com (NYSE: CRM) to $90.00 (from $80.00) following Q1 results. The analyst raised estimates accordingly.

For an analyst ratings summary and ratings history on salesforce.com... More

salesforce.com (CRM) plans to introduce wealth management solution this summer - Conf. Call

salesforce.com (NYSE: CRM) plans to introduce wealth management solution this summer, according to the company's quarterly conference call.

salesforce.com (CRM) Tops Q1 EPS by 2c; Guides FY16 Revenue Above Consensus

salesforce.com (NYSE: CRM) reported Q1 EPS of $0.16, $0.02 better than the analyst estimate of $0.14. Revenue for the quarter came in at $1.51 billion versus the consensus estimate of $1.5 billion.

"Salesforce has surpassed the $6 billion annual revenue run rate faster than any other enterprise... More