Seeking Alpha

Piper has issued more bullish comments about Salesforce.com (CRM -1.6%) ahead of today's FQ2...

Piper has issued more bullish comments about Salesforce.com (CRM -1.6%) ahead of today's FQ2 report: the firm says checks indicate Salesforce's pipeline is "very solid," and that many customers are now relying on Salesforce, which has been rapidly expanding its product line, for all their front-office software needs. Wells Fargo is also positive on the richly-valued company, and believes Salesforce could produce 30% Y/Y billings growth on the back of strong North American sales. (previous)
Comments (14)
  • It's nice to have friends in this cold world, especially when you carry a $20 billion market cap and don't have any GAAP earnings.
    23 Aug 2012, 01:30 PM Reply Like
  • Touching isn't it... (or was that chaffing)
    23 Aug 2012, 01:37 PM Reply Like
  • Yes. But I do wonder why some stocks get all that friendship and others are treated like tramps. Quite often it doesn't add up.
    23 Aug 2012, 01:38 PM Reply Like
  • Take BBY, for instance. Everyone knows they're in trouble, etc, etc. But were their estimates lowered by 90% or so before they reported? No. Were AMZN's, which all the analysts love? Of course they were.

     

    It's quite inconsistent.
    23 Aug 2012, 01:40 PM Reply Like
  • It wont last forever...infact, it wont last much longer, tho the effects may
    23 Aug 2012, 01:43 PM Reply Like
  • Yes, of course. But it does seem people didn't learn much from the 2000 tech bust.

     

    One of the things that always amazes me is the ploy where the analyst pushing a buy in a given stock is also the one lowering the estimates the most. Or the analyst pushing a sell, is also the analyst with some of the highest estimates.
    23 Aug 2012, 01:44 PM Reply Like
  • Forward PE of 70+; P/S>8; P/B>11...yep, expensive. High % institutions holding this name - if they miss, what will be the downside? Good question for shorts to ask.
    23 Aug 2012, 01:35 PM Reply Like
  • I'm not going to fight in that particular war, especially when you have people promoting revenues and billings, and not increasing estimates (revenues, billings) when CRM acquires companies.
    23 Aug 2012, 01:36 PM Reply Like
  • They probably wont miss...but they may still get a haircut.
    23 Aug 2012, 01:45 PM Reply Like
  • Yep, but with all the preparation it doesn't make for an easy trade.
    23 Aug 2012, 01:46 PM Reply Like
  • Indeed. Not at all.
    23 Aug 2012, 01:48 PM Reply Like
  • They did crappy.

     

    This analyst writing this note probably also just so also happens to help their shares or other services? :)
    23 Aug 2012, 04:23 PM Reply Like
  • i wonder if CRM just pays these analysts to put out this crap?
    23 Aug 2012, 05:06 PM Reply Like
  • Great call Piper Jaffray! Actually. a normal one by most analysts buy high, sell lower
    23 Aug 2012, 05:05 PM Reply Like
DJIA (DIA) S&P 500 (SPY)