• Wed, Jan. 18, 5:29 PM
    • To be located in Bellevue, where Salesforce (NYSE:CRM) intends to double its workforce to 500 in coming months.
    • The site is planned for work in areas including artificial intelligence, productivity, mobility, app development and connected devices.
    • Press release
    Wed, Jan. 18, 5:29 PM | 6 Comments
  • Mon, Jan. 9, 4:22 PM
    • Citing appealing valuation and the potential for a strong 2017 on various suggested actions (remove large-sized M&A from equation for next year thereby addressing associated concerns, focus on re-escalating organic growth particularly in Marketing Cloud, repurchase shares, emphasize comprehensive product lineup), analyst Brent Thill remains bullish on Salesforce (NYSE:CRM) into the new year, retaining $105 target (current price $73.90) for its shares.
    Mon, Jan. 9, 4:22 PM
  • Thu, Jan. 5, 3:54 PM
    • Noting a sell-off across coverage in Q4 2016, analyst Brent Bracelin suggests Microsoft (MSFT +0.1%), Adobe Systems (ADBE +1.7%), Salesforce (CRM +0.2%), Twilio (TWLO +2%), Veeva Systems (VEEV -0.6%), Ellie Mae (ELLI -3.5%) and HubSpot (HUBS +3.3%) represent high-quality cloud opportunities entering the new year.
    • Further cites public cloud spending at roughly $58B per year currently, expectation for growth in the category to grow to $205B by 2020, and projection for 20% yearly growth in SaaS alone to $129B by the same period.
    • Rates shares of each Overweight.
    Thu, Jan. 5, 3:54 PM | 6 Comments
  • Dec. 30, 2016, 2:19 PM
    • Morningstar points to expanding profit margins as it makes Salesforce.com (CRM -0.9%) one of its top picks for 2017.
    • "As Salesforce.com's billing mix tilts more toward renewals vs. new business, it should generate significant operating leverage via sales and marketing and research-and-development spending, yielding consistent margin expansion for several years," the firm says.
    • Also among top picks: America Movil (AMX -0.6%), set to play in a "rational three-player market" in Mexico, and Cognizant Technology Solutions (CTSH -0.4%).
    • Shares of Salesforce.com are down 12.6% on the year (and about 19% below May's all-time high), but are still up 30% from a 52-week low hit on Feb. 8.
    Dec. 30, 2016, 2:19 PM | 3 Comments
  • Dec. 20, 2016, 9:28 AM
    • Analyst Brian White sets target on Twilio (NYSE:TWLO), citing the company's impressive client list and share price undervaluation, at $45 (current price $28.92). Models $345M in revenue and $0.15 loss per share for next year, and $453M revenue and $0.01 loss per share for 2018.
    • For Salesforce (NYSE:CRM), notes a general move to cloud remains in early stages of development, and suggests the company is still young relative to legacy names (compares Salesforce 12 years out from IPO to Oracle on the same relative basis, pointing out their nearly identical sizes) and warrants a premium valuation. Calculates $10.17B in revenue and $1.30 EPS for 2018, and $12B in revenue and $1.61 EPS for 2019.
    • Premarket – Twilio -0.99%, Salesforce +0.68%
    Dec. 20, 2016, 9:28 AM | 11 Comments
  • Dec. 15, 2016, 4:34 PM
    • Results – revenue $9.07B (+0.8% Y/Y, $50M below estimates), EPS $0.61 ($0.01 above estimates), operating income $3.8B, operating margin 42%, net income $2.6B, short-term deferred revenue $7.4B (+6% Y/Y), operating cash flow on trailing twelve-month basis $14.2B (+9% Y/Y)
    • Segment revenues – Cloud software as a service and platform as a service $878M (+81% Y/Y), Cloud infrastructure as a service $175M (+6% Y/Y), Total cloud $1.053B (+62% Y/Y), New software licenses $1.347B (-20% Y/Y), Software license updates and product support $4.777B (+2% Y/Y), Total on-premise software $6.124B (-4% Y/Y), Total cloud and on-premise software $7.177B (+2% Y/Y), Hardware products $497M (-13% Y/Y), Hardware support $517M (-6% Y/Y), Total hardware $1.014B (-10% Y/Y), Total services $844M (-2% Y/Y)
    • Oracle chairman (NASDAQ:ORCL) and CTO Larry Ellison and co-CEOs Mark Hurd and Safra Catz each single out Salesforce (NYSE:CRM) in their respective quarterly report commentaries, strongly emphasizing Oracle's SaaS and PaaS growth rates relative to the competitor.
    • Conference call
    • Press release
    Dec. 15, 2016, 4:34 PM | 14 Comments
  • Dec. 8, 2016, 7:30 AM
    • Philip van Doorn and team at Marketwatch put together a list of 18 S&P 500 names with consensus sell-side price targets at least 30% above the current price.
    • Ten of the 18 stocks are in healthcare, which has been roughed up by a combination of Obamacare, Clinton's talk about drug pricing (back when all thought she would be the next POTUS), and now Trump joining in the bashing.
    • The list (in order of possible upside): Mallinckrodt PLC (NYSE:MNK) - 56% potential upside, Endo International PLC (NASDAQ:ENDP) - 52% upside, Hanesbrands (NYSE:HBI) - 45% upside, Edwards Lifesciences (NYSE:EW) - 44% upside, Mylan (NASDAQ:MYL) - 42% upside, Allergan (NYSE:AGN) - 39% upside, Alexion (NASDAQ:ALXN) - 37% upside, Activision Blizzard (NASDAQ:ATVI) - 35% upside, Salesforce.com (NYSE:CRM) 34% upside, NRG Energy (NYSE:NRG) - 34% upside, Centene (NYSE:CNC) 34% upside, Gilead (NASDAQ:GILD) 33% upside, Facebook (NASDAQ:FB) 32% upside, Boston Scientific (NYSE:BSX) - 32% upside, Pitney owes (NYSE:PBI) - 32% upside, Molson Coors (NYSE:TAP) - 30% upside, Newell Brands (NYSE:NWL) - 30% upside, Zimmer Bioment (NYSE:ZBH) - 30% upside.
    Dec. 8, 2016, 7:30 AM | 33 Comments
  • Dec. 2, 2016, 11:29 AM
    Dec. 2, 2016, 11:29 AM | 10 Comments
  • Dec. 1, 2016, 10:55 AM
    • Notable early (2%+ losses): Alphabet (GOOGL -2.25%GOOG-2%) Facebook (FB -3.4%), Twitter (TWTR -3.9%), Oracle (ORCL -3.3%), Salesforce (CRM -4.2%), VMware (VMW -3.5%), Alibaba (BABA -2.7%)
    • 5%+: Qualcomm (QCOM -4.9%), Nvidia (NVDA -7%), Advanced Micro Devices (AMD -7.1%), Micron Technology (MU -5.5%)
    • 8%+: Cirrus Logic (CRUS -8.8%), Gigamon (GIMO -9.5%)
    Dec. 1, 2016, 10:55 AM | 138 Comments
  • Nov. 18, 2016, 10:38 AM
    Nov. 18, 2016, 10:38 AM | 3 Comments
  • Nov. 18, 2016, 9:15 AM
    Nov. 18, 2016, 9:15 AM | 1 Comment
  • Nov. 17, 2016, 5:35 PM
    Nov. 17, 2016, 5:35 PM
  • Nov. 17, 2016, 4:40 PM
    • Results – revenue $2.14B (+25.1% Y/Y, $20M above estimates), EPS $0.24 ($0.03 above estimates), deferred revenue $3.5B (+23% Y/Y), unbilled deferred revenue $8.6B (+28% Y/Y), cash generated from operations $154M (-5% Y/Y), cash, cash equivalents and marketable securities $1.75B
    • Segment revenues – Subscription and support $1.98B (+24% Y/Y), Professional services and other $161M (+39% Y/Y)
    • Q4 projections – revenue $2.267B-$2.277B (+25%-26% Y/Y) [consensus $2.24B], EPS $0.24-$0.25 (consensus $0.25), deferred revenue growth Y/Y 22%-23%
    • FY 2017 projections – revenue $8.365B-$8.375B (+25%-26% Y/Y) [consensus $8.31B], EPS $0.97-$0.98 (consensus $0.95), operating cash flow growth Y/Y 20%-21%
    • FY 2018 projections – revenue $10.1B-$10.15B (+21% Y/Y)
    • Salesforce (NYSE:CRM) chairman and CEO Marc Benioff: "I'm delighted to announce that we expect to deliver our first $10 billion year during our fiscal year 2018, which puts us well on the path to reach $20 billion faster than any other enterprise software company."
    • Prior quarters overview
    • Quarterly summary deck
    • Conference call
    • Press release
    Nov. 17, 2016, 4:40 PM | 2 Comments
  • Nov. 17, 2016, 4:08 PM
    • Salesforce.com (NYSE:CRM): Q3 EPS of $0.24 beats by $0.03.
    • Revenue of $2.14B (+25.1% Y/Y) beats by $20M.
    • Shares +5.7%.
    • Press Release
    Nov. 17, 2016, 4:08 PM | 10 Comments
  • Nov. 16, 2016, 5:35 PM
  • Nov. 2, 2016, 12:04 PM
    Nov. 2, 2016, 12:04 PM | 14 Comments