Salesforce third-quarter revenue forecast misses, shares fall
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BMO Capital Cuts Price Target on salesforce.com (CRM) to $86 Following 2Q Report
September 1, 2016 10:02 AM EDTBMO 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
September 1, 2016 9:51 AM EDTOppenheimer 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
September 1, 2016 9:40 AM EDTUBS 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
September 1, 2016 8:10 AM EDTCowen 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
September 1, 2016 8:00 AM EDTWedbush 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
