Entering text into the input field will update the search result below

The Street shows love for Salesforce, shares up after Q2 results

Aug. 30, 2013 8:03 AM ETSalesforce, Inc. (CRM) StockCRMBy: Colin Lokey, SA News Editor1 Comment
  • Salesforce (NYSE:CRM) is a top pick at Deutsche as the bank says the shares are set to outperform the market after underperforming YTD. Price target raised to $58.
  • Macquarie also likes the quarter, noting that CRM 's "most important metric, normalized billings, grew +27% Y/Y (organic CC)." Macquarie had forecast 24% growth. FY14 non-GAAP EPS and revenue estimates raised to $0.34 (from $0.32) and $4.019B (from $4B) respectively. Outperform reiterated, price target raised to $50.
  • William Blair highlights a 16th straight decline in customer churn which "shows that the company continues to sign more enterprise customers and is becoming more critical to clients."
  • Wunderlich sees a "breakout upside."
  • Shares +9% premarket.
  • More: Earnings, Q2 highlights, CC transcript

Recommended For You

About CRM Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
CRM--
Salesforce, Inc.