Salesforce Announces Fiscal 2017 Second Quarter Results

BMO Capital Cuts Price Target on salesforce.com (CRM) to $86 Following 2Q Report

BMO Capital maintained an Outperform rating on salesforce.com (NYSE: CRM), and cut the price target to $86.00 (from $98.00), following the company's 2Q earnings report. Revenue and EPS were ahead of consensus estimates. However, billings came in weaker than expected.

Analyst Keith Bachman... More

Oppenheimer Reiterates Outperform on salesforce.com (CRM) Following 2Q Report

Oppenheimer reiterated an Outperform rating and $95.00 price target on salesforce.com (NYSE: CRM) following the company's 2Q earnings report. CRM reported total revenue of $2.036B was ~$16M above the consensus. EPS of $0.24 was $0.02 above consensus. Total revenue guidance is $2.11-2.12B and compares to the $2.12B consensus. PF EPS guidance is $0.20-0.21, which is... More

UBS Reiterates Buy on salesforce.com (CRM) Following 2Q Report

UBS reiterated a Buy rating and $100.00 price target on salesforce.com (NYSE: CRM) following the company's 2Q earnings report. CRM raised 2017 revenue guidance to $8.275-8.325Bn vs. prior guidance of $8.26-8.32Bn. UBS adjusted 2017 revenue estimates to $8,325 from 8,269M.

Analyst Brent Thill commented, "After 2 monster qtrs. in Q4 & Q1, a mixed FQ2 was a small... More

Cowen Remains Bullish on salesforce.com (CRM) Following 2Q

Cowen reiterated an Outperform rating and $100.00 price target on salesforce.com (NYSE: CRM) following the company's 2Q earnings report.

Analyst Derrick Wood commented, "CRM called out end-of-qtr softness in the U.S. that seemingly weighed on hitting internal bookings targets. But... More

Wedbush Reiterates Outperform on salesforce.com (CRM) Following 2Q Report

Wedbush maintained an Outperform rating on salesforce.com (NYSE: CRM), and cut the price target to $96.00 (from $98.00), following the company's 2Q earnings report. Revenue of $2.0B was $17M above consensus, and the company beat EPS estimates by $0.02. Industry and partner checks dont point... More

Jefferies Maintains Cautious Stance on Salesforce (CRM) Following Weak Qtr

Jefferies analyst John DiFucci reiterated a Hold rating and $80 price target on salesforce.com (NYSE: CRM) following a weak quarter with little clarity.

DiFucci commented, "CRM beat headline expectations but missed billings, and New Sub ACV declined modestly yoy. F3Q guidance... More

salesforce.com (CRM) Tops Q2 EPS by 2c; Issues Light Q3 Outlook

salesforce.com (NYSE: CRM) reported Q2 EPS of $0.24, $0.02 better than the analyst estimate of $0.22. Revenue for the quarter came in at $2.04 billion versus the consensus estimate of $2.02 billion.

GUIDANCE:

salesforce.com sees Q3 2017 EPS of $0.20-$0.21, versus the consensus of... More