salesforce.com (CRM) Tops Q2 EPS by 1c, Offers Q3 & FY Guidance
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August 21, 2015 9:47 AM EDT
Wedbush reiterated a Neutral rating on salesforce.com (NYSE: CRM), and raised the price target to $73.00 (from $72.00), following the company's 2Q16 earnings results. CRM reported 2Q16 revenue of $1,635M, above consensus of $1,598M, and above the guidance range of $1,590M - $1,600M. Non-GAAP EPS of $0.19,... More
August 21, 2015 8:34 AM EDT
UBS reiterated a Buy rating on salesforce.com (NYSE: CRM), and raised the price target to $89.00 (from $85.00), following the company's 2Q16 earnings results. Revenue of $1,635M beat the Street's $1,599M and guidance of $1,590-1,600M. EPS of $0.19 beat Street's $0.18 estimate, and guidance of $0.17-0.18.
Analyst Brent Thill commented,... More
August 21, 2015 6:54 AM EDT
Pivotal Research upgraded salesforce.com (NYSE: CRM) from Hold to Buy with a price target of $82.00 (from $79.00). Analyst Brian Wieser called salesforce.com's Q2 results "solid."
"Salesforce.com reported solid 2Q16 earnings yesterday which exceeded consensus expectations for revenues and profitability. Guidance for... More
