Wedbush Raises Price Target on salesforce.com (CRM) Following EPS Beat

Pre-Open Stock Movers 08/21: (STNR) (ARAY) (BRCD) Higher; (NWBO) (TFM) (DE) Lower (more...)

August 21, 2015 9:29 AM EDT

GigOptix (NYSE: GIG) 20.9% LOWER; announced the pricing of its underwritten public offering of an aggregate of 9,218,000 newly issued shares of common stock at a price of $1.70 per share.

VirnetX Holding (NYSE: VHC) 19.6% LOWER; announced that it has filed a universal shelf registration statement on Form S-3 with the U.S. Securities and Exchange Commission ("SEC"). The universal shelf registration... More

UBS Raises Price Target on salesforce.com (CRM) to $89 Following 2Q16 Results

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

Pivotal Research Upgrades salesforce.com (CRM) to Buy

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

After Hours Stocks Movers 08/20: (ARAY) (BRCD) (CRM) HIGHER; (TFM) (ROST) (NDSN) (HPQ) LOWER (more...)

August 20, 2015 5:37 PM EDT

The Fresh Market (NASDAQ: TFM) 11% LOWER; reported Q2 EPS of $0.36, $0.04 worse than the analyst estimate of $0.40. Revenue for the quarter came in at $442.1 million versus the consensus estimate of $458.34 million. Comparable store sales decreased 1.0%. The Fresh Market sees FY2015 EPS of $1.55-$1.65, versus the consensus of $1.85.

Ross Stores (NASDAQ: ROST) 9.5% LOWER; reported Q2 EPS of $0.63, $0.01 better than the analyst estimate of $0.62. Sales for the fiscal 2015 second quarter rose 9% to $2.968 billion, with comparable store sales up 4% over the... More

Market Wrap: Existing Sales Outpace in July; Valeant Moves on Sprout Pharma; Trian Welcomed to Sysco's Board

August 20, 2015 5:21 PM EDT

Market wrap for August 20th

End of the Day: S&P 500 down 43.9 to 2,035.73; Dow Jones down 358.0 to 16,990.69; Nasdaq down 141.6 to 4,877.49

Market Brief: U.S. markets sank Thursday as investors continued taking profits.

Initial unemployment claims showed a surprise gain last week.

Valeant moved to acquire Sprout Pharma, which received approval this week from the U.S. Food and Drug Administration (FDA) on its New Drug Application (NDA) for flibanserin, which will be marketed as Addyi in the U.S. Addyi has... More

Salesforce raises full-year revenue forecast again

August 20, 2015 4:18 PM EDT

(Reuters) - Salesforce.com Inc (NYSE: CRM) reported better-than-expected quarterly revenue and profit, helped by an increase in demand for its Web-based sales and marketing software, and raised its revenue forecast for the full year for the third time.

The company's shares rose about 4 percent in extended trading after the world's biggest maker of online sales software also forecast current-quarter revenue and adjusted profit above the average analyst... More

salesforce.com (CRM) Tops Q2 EPS by 1c, Offers Q3 & FY Guidance

August 20, 2015 4:08 PM EDT

salesforce.com (NYSE: CRM) reported Q2 EPS of $0.19, $0.01 better than the analyst estimate of $0.18. Revenue for the quarter came in at $1.63 billion versus the consensus estimate of $1.6 billion.

salesforce.com sees Q3 2016 EPS of $0.18-$0.19, versus the consensus of $0.18. salesforce.com sees Q3 2016... More

Trading Radar for 8/20: HP (HPQ), salesforce.com (CRM), Sears (SHLD), JinkoSolar (JKS), Intuit (INTU) Report

August 19, 2015 2:40 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Initial Claims - Street sees 272kContinuing Claims - Street sees 2.265M

Earnings:

58.com (NYSE: WUBA) - consensus loss $0.46
Abeona Therapeutics (Nasdaq: ABEO) - no Street consensus
American Woodmark (Nasdaq: AMWD) - consensus EPS $0.70
BioLineRx (Nasdaq: BLRX) - consensus loss $0.08
Bon-Ton Stores (Nasdaq:... More