UBS Raises Price Target on salesforce.com (CRM) Following a Strong 1Q

MKM Partners Raises Price Target on salesforce.com (CRM) Following 1Q Earnings

MKM Partners reiterated a Buy rating on salesforce.com (NYSE: CRM), and raised the price target to $96.00 (from $86.00), following the company's 1Q earnings report. Reported billings of $1,632mn easily beat the consensus estimates of $1,458mn, and grew 31% Y/Y vs. guidance of 11-14%. Billings were likely aided by the broad price... More

Brean Capital Raises Price Target on salesforce.com (CRM) Following a Strong Billings Quarter

Brean Capital reiterated a Buy rating on salesforce.com (NYSE: CRM), and raised the price target to $110.00 (from $100.00), following the company's 1Q earnings report. SFDC beat the Street's estimates for billings, revenue and cash flow. The company's 31% y/y billings growth was driven by strength in large deal activity including one nine-figure transaction.

Analyst Yun Kim commented,... More

salesforce.com (CRM): Raymond James Ups PT to Triple Digits

Raymond James analyst, Terry Tillman reiterated the Strong Buy rating on alesforce.com (NYSE: CRM) and increased the PT to $100 (from $90) following another impressive quarter, with continued momentum on a number of key growth vectors. These include impressive progress on enterprise deals (record 1Q;... More

Pre-Open Stock Movers 05/19: (TNXP) (RPRX) (AEO) Higher; (HK) (SSI) (AAP) Lower (more...)

Today's Pre-Open Stocks Movers:

Halcon Resources Corporation (NYSE: HK) 66.9% LOWER; reached an agreement in principal on terms of a plan to restructure its balance sheet (the Restructuring Plan) with select holders of its 13.0% 3rd Lien Notes due 2022 (3L Notes), its three tranches of senior unsecured notes comprised of its 9.75% Senior Notes due 2020, its 8.875% Senior Notes due 2021, and its 9.25% Senior Notes due 2022 (together, the Unsecured Notes), its 8.0% Convertible Note due 2020 (the Convertible Note) and its 5.75% Perpetual Convertible Preferred Stock (the Preferred Equity,... More

Mizuho Securities Raises Price Target on salesforce.com (CRM) Following 1Q Beat

Mizuho Securities reiterated a Buy rating on salesforce.com (NYSE: CRM), and raised the price target to $100.00 (from $90.00), following the company's 1Q earnings report. The company posted revenues of $1.92bn vs consensus of $1.89bn with most of the upside coming from subscriptions. Management reported... More

Salesforce.com (CRM): Jefferies Looking To Upgrade

Jefferies analyst, John DiFucci, reiterated his Hold rating after CRM reported very strong results for the 2nd consecutive quarter. He believes the upside was largely driven by traction in the enterprise market to supplement consistent performance in the mid-market and below. F1Q estimates were easily exceeded, while F2Q guidance was above the Street and meaningfully raised for FY17. New Subscription ACV accelerated to 56% growth and the NPV... More

BTIG Boosts PT on salesforce (CRM) to $100; Q1 Boosted by Strong Cloud Results

BTIG lifts its price target on Buy-rated salesforce.com (NYSE: CRM) from $88 to $100 following Q1 results reported Wednesday night.

Analyst Joel Fishbien noted that salesforce continues to be a leader in cloud applications. The quarter was highlighted by acceleration in the core Sales Cloud (up +15%... More

salesforce.com (CRM) Partnership with Amazon.com (AMZN) Confirmed - Piper Jaffray

PiperJaffray analyst, Alex Zukin, believes the most important metrics in Salesforce.com's (NYSE: CRM) quarter were: billings of $1.632 billion (+31% Y/Y), the announcement of a large strategic deal with Amazon, another 9-figure deal, Sales Cloud accelerating in 1Q to 15% and accelerating backlog growth of 28%.... More

Salesforce (CRM) May volatility elevated on better than expected Q1 results and FY17 operating cash flow outlook

Salesforce (NYSE: CRM) is recently up $4.71 to $82.60 in the premarket on better than expected Q1 EPS, revenue and sees FY17 operating cash flow growth 25%-26% y/y. May call option implied volatility is at 134, June is at 45; compared to its 52-week range of... More

Stocks with Implied Volatility Movement

Baxter (NYSE: BAX) 33, Salesforce.com (NYSE: CRM) 43 implied volatility is above its IV index mean

Anacor Pharmaceuticals (NASDAQ: ANAC) 13, Office Depot (NYSE: ODP) 73 implied volatility is... More

After-Hours Stock Movers 05/18: (RPRX) (AEO) (URBN) Higher; (FLO) (LB) (TSLA) Lower (more...)

Today's After-Hours Movers:

Repros Therapeutics Inc. (Nasdaq: RPRX) 25.6% HIGHER; reported that oral administration of Proellex® at doses of both 6 and 12 mg achieved significant reduction in excessive menstrual bleeding, the key symptom of uterine fibroids.

American Eagle Outfitters (NYSE: AEO) 13.1% HIGHER; reported Q1 EPS of $0.22, $0.04 better than the analyst estimate of $0.18. Revenue for the quarter came in at $749 million versus the consensus estimate of $731.38 million. Consolidated comparable sales increased 6%, following a 7% increase last year. GUIDANCE: American Eagle Outfitters sees... More

Increasingly Likely Microsoft (MSFT) Acquires Marketo (MKTO) - Bernstein

Bernstein analyst Mark Moerdler raised his price target on Outperform-rated Marketo, Inc (NASDAQ: MKTO) to $37.00 (from $33.00), saying the Microsoft presentation at their Marketing Nation Summit could be telling.

"The most informative event in terms of Marketo's outlook and competitive positioning as an enterprise platform provider was a presentation from Microsoft representatives in which they... More

salesforce.com (CRM) Tops Q1 EPS by 1c; Bumps Outlook

salesforce.com (NYSE: CRM) reported Q1 EPS of $0.24, $0.01 better than the analyst estimate of $0.23. Revenue for the quarter came in at $1.92 billion versus the consensus estimate of $1.89 billion.

"We're thrilled that first quarter revenue growth accelerated to 28% year-over-year in constant currency," said Marc Benioff, chairman and CEO, Salesforce. "Given the... More

Straddle prices for companies reporting financial results this week

Wal-Mart (NYSE: WMT) May 63.50 straddle priced for 4.3% movement into Q1
Cisco (NASDAQ: CSCO) May 27 straddle priced for 4.4% movement into Q3
Salesforce (NYSE: CRM) May 78 straddle priced for 7.4% movement into Q1
Urban... More

Stocks with Implied Volatility Movement

Diamond Resorts (NASDAQ: DRII) 106, Salesforce.com (NYSE: CRM) 44 implied volatility is above its IV index mean

Anacor Pharmaceuticals (NASDAQ: ANAC) 16, Office Depot (NYSE: ODP) 74 implied... More

Salesforce (CRM) May volatility above 100 into Q1 and outlook

Salesforce (NYSE: CRM) May call option implied volatility is at 108, June is at 45; compared to its 52-week range of 29 to 80, into the expected release of Q1 results on May 18.

Trading Radar for 5/18: Lowe's (LOW), Cisco (CSCO), Target (TGT), Staple (SPLS), salesforce (CRM) Report

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

Before Markets Open:
Economics:
7:00am EDT

Earnings:

Affimed (Nasdaq: AFMD) - consensus loss $0.17
Analog Devices (NYSE: ADI) - consensus EPS $0.62
Booz... More

Jefferies Raises Price Target on salesforce.com (CRM) Ahead of 1Q Report

Jefferies reiterated a Hold rating on salesforce.com (NYSE: CRM), and raised the price target to $74.00 (from $60.00), ahead of the company's 1Q earnings report. Jefferies is expecting total revenue to reach $1.900B, beating the Street's $1.893B and $1.885B-$1.895B guidance. CRM is scheduled... More