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

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

February 25, 2016 7:56 AM EST

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

February 25, 2016 7:53 AM EST

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

Wall Street rallies as battered investors eye support

February 25, 2016 7:30 AM EST

By Noel Randewich

(Reuters) - Wall Street posted solid gains on Thursday as higher oil prices reduced fears that banks could be hit by debt defaults and investors saw opportunities after weeks of volatility.

The second uptick in two days for stocks was helped by a 3-percent jump in oil, which has been a major influence on markets this year as investors view weak energy demand as a sign of sluggish global growth.

The S&P 500 has recovered 6 percent in the past nine sessions but remains down almost 5 percent in 2016 as oil hovers near decade lows.... More

salesforce (CRM) PT Raised to $95 at Wedbush

February 25, 2016 7:31 AM EST

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

February 25, 2016 7:21 AM EST

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

After-Hours Stock Movers 02/24: (POWR) (DRII) (CRM) Higher; (RH) (RLYP) (IMAX) Lower (more...)

February 24, 2016 6:16 PM EST

PowerSecure International, Inc. (NYSE: POWR) 77.4% HIGHER; Southern Company (NYSE: SO) and PowerSecure International, Inc. (NYSE: POWR) today announced that the boards of directors of both companies have approved a definitive merger agreement through which Southern Company will acquire PowerSecure, with PowerSecure becoming a wholly owned subsidiary of Southern Company. Under the terms of the agreement, PowerSecure's stockholders will be entitled to receive $18.75 in cash for each share of PowerSecure common stock in a transaction with a purchase price of approximately $431... More

Salesforce quarterly revenue beats Wall St expectations

February 24, 2016 6:00 PM EST

(Reuters) - Salesforce.com Inc (NYSE: CRM) reported higher-than-expected quarterly revenue and raised its full-year revenue forecast, saying customers were stepping up purchases of its web-based sales and marketing software despite economic uncertainty.

Shares of the world's largest maker of online sales software rose 7.2 percent to $67 in after-hours trading.

Salesforce, seen as a barometer for the cloud-computing sector, has benefited as more businesses choose cheaper and easier cloud-software services. Salesforce's earnings were of particular interest to investors in the technology sector because the quarter goes through January, a month when other... More

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

February 24, 2016 4:06 PM EST

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

Salesforce.com faces scrutiny as Wall St frets over cloud spending

February 24, 2016 1:16 PM EST

By Noel Randewich

SAN FRANCISCO (Reuters) - Salesforce.com's (NYSE: CRM) quarterly report will be under the microscope after the bell on Wednesday as Wall Street searches for new signs of trouble in spending on cloud software.

The world's largest maker of online sales software is seen as a barometer for the cloud-computing sector, where valuations took a major hit earlier this month after a dismal sales outlook from Tableau Software (NYSE:... More

Bulls chalk one up after late-day surge on Wall St.

February 24, 2016 7:34 AM EST

By Noel Randewich

(Reuters) - U.S. stocks mounted a late-session rally to close higher on Wednesday after an increase in oil prices helped reduce investors' fears about banks' vulnerability to energy companies struggling to pay their debts.

Nine of the 10 major S&P sectors rose, with the materials index up 0.99 percent.

The S&P energy sector gained 0.9 percent, trimming its loss in 2016 to 27 percent after U.S. crude futures settled nearly 1 percent higher.

Crude prices near 2003 lows have hammered the earnings of U.S. energy companies, exacerbated fears of a slowing... More

Trading Radar for 2/24: Lowe's (LOW), salesforce (CRM), Target (TGT), MobilEye (MBLY), Rubicon Tech (RBCN) Report

February 23, 2016 2:43 PM EST

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

Before Markets Open:
Economics:
7:00am EST

MBA Mortgage Index - no Street consensus

Earnings:

500.com Ltd. (NYSE: WBAI) - no Street consensus
AES Corp (NYSE: AES) - consensus EPS $0.33
Adeptus Health (Nasdaq: ADPT) - consensus EPS $0.36
Ares Capital (Nasdaq: ARCC) - consensus EPS $0.39
Avista Corp. (NYSE: AVA) -... More