salesforce.com (CRM) Tops Q3 EPS by 2c; Boosts FY16 Outlook

salesforce.com (CRM) Reports Record Revenue; Roth Capital Reiterates Buy

Roth Capital reiterated a Buy rating on salesforce.com (NYSE: CRM), and raised the price target to $93.00 (from $80.00), following the company's 3Q earnings report. Revenues grew 24.0% y/y to a record $1.712B, and drove pro forma EPS of $0.21. These results beat Roth's estimates of $1.698B... More

Salesforce.com's (CRM) Q4 Guidance Seen as Conservative at Deutsche Bank

Deutsche Bank maintained a Buy rating on salesforce.com (NYSE: CRM) with a price target of $90. Analyst Karl Keirstead noted the company's solid Q3 print and said Q4 guidance looks conservative.

"Salesforce posted a modest 3QF16 beat that in our view should be good enough for the stock. The quarter was highlighted by DR growth of 30% in c/c (the 6th consecutive quarter in the28%-32% growth range and above... More

Nomura Securities Reiterates Buy on salesforce.com (CRM) Following Solid 3Q Results

Nomura Securities reiterated a Buy rating and $90.00 price target on salesforce.com (NYSE: CRM) following the company's 3Q earnings report. Salesforce reported billings of $1.52bn, up 21% yoy and 2% above the consensus estimate of $1.49bn. Additionally, Salesforce posted revenues of $1.71bn (+24% yoy), above consensus of $1.70bn.... More

Canaccord Genuity Says salesforce.com (CRM) is 'Structural Buy'; Raises Price Target to $95

Canaccord Genuity reiterated a Buy rating on salesforce.com (NYSE: CRM), and raised the price target to $95.00 (from $85.00), following the company's 3Q earnings report. CRM reported revenue and non-GAAP EPS of $1.71B and $0.21, which were respectively $12M and $0.02 ahead of Cannaccord's estimates.

Analyst Richard... More

salesforce.com (CRM) Reports Solid 3Q Across the Board; Needham & Company Raises Price Target to $90

Needham & Company reiterated a Buy rating on salesforce.com (NYSE: CRM), and raised the price target to $90.00 (from $85.00), following the company's 3Q earnings report. CRM reported solid results across the board. The quarter was highlighted by 21% billings growth, which suggests healthy fundamentals, the strength of Salesforce's... More

Mizuho Securities Raises Price Target Following salesforce.com (CRM) 3Q Beat

Mizuho Securities reiterated a Buy rating on salesforce.com (NYSE: CRM), and raised the price target to $90.00 (from $80.00), following the company's 3Q earnings report. The company reported revenues of $1.71bn and EPS of $0.21, which were both ahead of consensus of $1.70bn and $0.19, respectively.... More

FBR Capital Maintains Bullish View on salesforce (CRM) Following Strong Q3

salesforce.com (NYSE: CRM) revenue of $1.71B beat consensus of $1.70B. Billings of $1.52B beat consensus of $1.49B and grew 21% YOY. Billings of $1.52 billion beat consensus of $1.49 billion and grew 21% year over year. Operating margin of 13.3% beat consensus of 12.1%. Pro forma EPS of $0.21 beat consensus of $0.19.

For F4Q, the... More