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

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

May 21, 2015 11:15 AM EDT

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

May 21, 2015 10:39 AM EDT

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

May 21, 2015 8:50 AM EDT

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

Wedbush Remains Neutral on salesforce.com (CRM) Following 1Q Results

May 21, 2015 8:39 AM EDT

Wedbush maintains a Neutral rating on salesforce.com (NYSE: CRM), and raised the price target to $72.00 (from $66.00), following 1Q results. Analyst Steve Koenig believes that the company has a lot more work to do on expanding margin, but 1Q operating margin of 200 bps was... More

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

May 21, 2015 8:08 AM EDT

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

May 21, 2015 7:58 AM EDT

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

May 21, 2015 7:27 AM EDT

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

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

May 21, 2015 6:46 AM EDT

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) Debuts Next-Gen Community Cloud

May 21, 2015 5:59 AM EDT

salesforce.com (NYSE: CRM) announced the launch of the next generation of the Community Cloud. With new innovations including Targeted Recommendations, Lightning Community Builder and Templates and Salesforce Files Connect for Google Drive, companies are empowered to connect with customers, partners and employees in a whole new way.

Comments on the News

"Communities have become the connective tissue linking customers, partners and employees to companies and each other," said Nasi Jazayeri, executive vice president of Community Cloud, Salesforce. "With the next-generation Community Cloud, companies have the intelligence, speed... More

After-Hours Stock Movers 05/20: (EGHT) (CRM) (WSM) Higher; (XNET) (NTAP) (BRKR) Lower (more...)

May 20, 2015 5:44 PM EDT

Xunlei (NASDAQ: XNET) 16% LOWER; reported Q1 EPS of $0.04, $0.03 better than the analyst estimate of $0.01. Revenue for the quarter came in at $30.2 million versus the consensus estimate of $39.7 million. Guidance for Second Quarter 2015 For the second quarter of 2015, Xunlei estimates total revenues from continuing operations to be between US$25 million to US$29 million, the midpoint of the range representing a year over year decrease of 18.9% and a quarter-over-quarter decline of 10.6%, respectively. This estimate represents management's preliminary view as of the date of this release, which is subject to change... More

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

May 20, 2015 5:27 PM EDT

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

... More

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

May 20, 2015 4:07 PM EDT

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

salesforce.com (CRM) Valuation, Outlook Caused SAP (SAP) to Stem Potential M&A Efforts

May 20, 2015 8:30 AM EDT

salesforce.com (NYSE: CRM) shares are indicated higher Wednesday amid recent commentary that the company might carry a rich valuation and wouldn't be an ideal takeover target.

SAP SE Chief Executive Officer Bill McDermott said that both valuation and the outlook for salesforce... More

UPDATE: salesforce.com (CRM) Pressured on Concerns Related to Status of M&A

May 19, 2015 12:58 PM EDT

(Updated - May 19, 2015 1:01 PM EDT)

salesforce.com (NYSE: CRM) shares were pressured on concerns about the status of M&A discussions. Previous reports suggested it hired banks to field takeover interest. According to DealReporter, talks have suddenly died down.

... More

Global CRM Software Sales Rose 13.3% in 2014 - Gartner (CRM) (SAP) (ORCL)

May 19, 2015 11:39 AM EDT

Worldwide customer relationship management (CRM) software totaled $23.2 billion in 2014, up 13.3 percent from 20.4 billion in 2013, according to Gartner, Inc.

"Large vendors leveraged their acquisitions to extend their position in new markets and to enrich the depth of their current feature sets in 2014," said Joanne Correia, research vice president at Gartner. "We saw market consolidation continue, and price wars started quickly as large vendors fought to keep their installed base from moving to other vendors and to stop the descent of their maintenance revenue."

Overall, the top 10 CRM vendors accounted for more than a 60 percent... More

Jefferies Maintain Underperform Ahead of salesforce.com's (CRM) F1Q Results

May 19, 2015 9:45 AM EDT

Jefferies maintains an Underperform rating and $49.00 price target on salesforce.com (NYSE: CRM) leading up to its F1Q report. Analysts John DiFucci, and Brad Zelnick believe that the company is likely to be at least in-line on the income statement.

DiFucci & Zelnick... More