Salesforce Announces Fiscal 2016 Fourth Quarter and Full Year Results

UBS Reiterates Buy Following a Strong 4Q by salesforce.com (CRM) - PT to $92

UBS maintained a Buy rating on salesforce.com (NYSE: CRM), and cut the price target to $92.00 (from $96.00), following the company's 4Q results and guidance. CRM reported revenues of $1,809M, beating the Street's $1,791M estimate. EPS was reported in-line at $0.19, but at the high end of... More

salesforce.com (CRM): Sees No Signs of Slowdown - Piper Jaffray

Piper Jaffray analyst, Katherine Egbert, thinks that Salesforce.com (NYSE: CRM) has become the app vendor of choice because of its ability to extend its platform to mobile devices. It has essentially become the go to vendor for cloud services. The PT increases to $77 from $72 as estimates increase and there is no change to the Overweight... More

Relatively In-Line Results Have Jefferies Sidelined on salesforce.com (CRM) - PT Raised to $60

Jefferies reiterated a Hold rating on salesforce.com (NYSE: CRM), and raised the price target to $60.00 (from $54.00), following the company's 4Q earnings report. Non-GAAP EPS of $0.19 was in-line with the Street's estimate. CRM's total revenue of $1.809B and subscription of $1.683B compared to Street's... More

salesforce (CRM) PT Raised to $95 at Wedbush

Wedbush analyst Steve Koenig reiterated an Outperform rating and boosted his price target on salesforce.com (NYSE: CRM) to $95.00 (from $92.00) following strong Q4 results.

Koenig commented, "Salesforce reported 4Q16 revenue of $1,809M (+25% Y/Y and +27% in constant currency), above our estimate of $1,800M and... More

salesforce (CRM) Continues to Buck Macro Weakness - Mizuho

Mizuho analyst, Abhey Lamba, published a quarterly review of Salesforce.com (NYSE: CRM) and believes that the diversified product set will allow the company to continue to outperform.

CRM reported results above expectations on all metrics due to broad-based strength across products, geos and customer segments. Management raised its revenue outlook for FY17 and guided EPS above expectations. The company... More

salesforce.com (CRM) Reports In-Line Q4 EPS; Raises FY17 Rev Guidance

salesforce.com (NYSE: CRM) reported Q4 EPS of $0.19, in-line with the analyst estimate of $0.19. Revenue for the quarter came in at $1.81 billion versus the consensus estimate of $1.79 billion.

GUIDANCE:

salesforce.com sees FY2017 EPS of $0.99-$1.01, versus the consensus of $0.99. salesforce.com sees FY2017 revenue of... More