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MKM Partners Raise Price Target on salesforce.com (CRM) Following Q1; Says '$10B Rev Goal Well in Sight'
May 21, 2015 11:15 AM EDTMKM Partners maintains a Buy rating on salesforce.com (NYSE: CRM), and raised the price target to $86.00 (from $80.00), following 1Q results. CRM reported revenue of $1,511mn, beating consensus of $1,501mn. Reported EPS of $0.16 beat consensus of $0.14. Analyst Kevin Buttigieg says that the $10B revenue goal is well in sight.
Buttigieg commented on CRM, saying, "CRM beat F1Q16 consensus for revenues, EPS, billings, and cash flows. Adjusted billings... More
Canaccord Genuity Raised Price Target on salesforce.com (CRM) Following Q1 Results
May 21, 2015 10:39 AM EDTCanaccord Genuity reiterates a Buy rating on salesforce.com (NYSE: CRM), and raised the price target to $85.00 (from $80.00), following Q1. CRM reported revenue of $1.51B ($11M ahead of estimates) and non-GAAP EPS of $0.16 ($0.02 ahead of estimates). Analyst Richard Davis said that CRM surpassed to $6B revenue run rate mark faster than any other enterprise software company, and guidance suggests that the $7B mark will... More
Wedbush Remains Neutral on salesforce.com (CRM) Following 1Q Results
May 21, 2015 8:39 AM EDTWedbush maintains a Neutral rating on salesforce.com (NYSE: CRM), and raised the price target to $72.00 (from $66.00), following 1Q results. Analyst Steve Koenig believes that the company has a lot more work to do on expanding margin, but 1Q operating margin of 200 bps was... More
Brean Capital Raises Price Target but Remains Sidelined Following salesforce.com (CRM) Strong Q1
May 21, 2015 6:59 AM EDTBrean Capital maintains a Hold rating on salesforce.com (NYSE: CRM), and raised the price target to $76.00 (from $70.00), after a "stronger-than-expected" Q1. CRM reported revenues of $1.51bn vs. the consensus of $1.50bn. Operating margins also beat consensus, coming in at 11.7% compared to estimates of 10.4%.
Analyst Sarah Hindlian commented, "Salesforce.com reported a stronger-than-expected Q1 and raised its FY16 outlook. While implied Q2 billings guidance was weaker than consensus... More
salesforce.com (CRM) Debuts Next-Gen Community Cloud
May 21, 2015 5:59 AM EDTsalesforce.com (NYSE: CRM) announced the launch of the next generation of the Community Cloud. With new innovations including Targeted Recommendations, Lightning Community Builder and Templates and Salesforce Files Connect for Google Drive, companies are empowered to connect with customers, partners and employees in a whole new way.
Comments on the News
"Communities have become the connective tissue linking customers, partners and employees to companies and each other," said Nasi Jazayeri, executive vice president of Community Cloud, Salesforce. "With the next-generation Community Cloud, companies have the intelligence, speed... More