Seeking Alpha

Seeking Alpha Portfolio App for iPad

6,357 people get CRM articles and Market Currents by email alert.

Get email alerts on CRM »

CRM

salesforce.com, inc.

5/25/2013, 6:09 AM ET

Quote & Headlines Market Currents StockTalk

All
| Earnings
| Dividends
| M&A
| On the move

Friday, May 24, 10:32 AM Salesforce.com (CRM -7.8%) is cut to Hold with price target reduced $9 to $42 at Wedbush post-earnings. Analyst Steve Koenig views "deferred commission expenditures" as the best indicator of new sales activity, and they fell 46% Y/Y. Asked about it on the CC (transcript), CFO Graham Smith suggests a tough comp as the reason for the big dip. Needham's Mike Huang reiterates his Buy and $50 PT: "We don't detect any meaningful deterioration of sales cycles or close rates." 6 Comments [Tech, On the Move]
Friday, May 24, 9:10 AM Premarket gainers: BLOX +17%. IOC +15%. YGE +13%. P +11%. MRVL +5%.
Losers: DF -52%. SHLD -16%. AVEO -15%. RSOL -13%. TITN -11%. APPY -7%. ANF -7%. CRM -5%. 2 Comments [On the Move]
Thursday, May 23, 4:27 PM More on Salesforce.com (CRM) 2014 FQ1 earnings: FQ2 revenue guidance of $931M-$936M and EPS of $0.11-$0.12 vs. consensus of $935M and $0.12. Deferred revenue balance of $1.73B up 30% Y/Y. Unbilled deferred revenue balance - business contracted but not yet billed - of $3.6B up 33% Y/Y. CC at 5 ET. Shares -5.9% AH. (PR) 2 Comments [Earnings, Tech, On the Move]
Thursday, May 23, 4:06 PM Salesforce.com (CRM): Q1 EPS of $0.10 in-line. Revenue of $893M (+28% Y/Y) beats by $5.92M. Shares -4.2% AH. (PR) 5 Comments [Earnings, Breaking News, Tech, On the Move]
Thursday, May 23, 12:10 AM Notable earnings after Thursday ’s close: ARO, BLOX, CRM, GPS, MENT, MRVL, P, ROST, SHLD, SVM, WSM, ZUMZ Comment!
Wednesday, May 22, 5:35 PM Notable earnings after Thursday ’s close: ARO, BLOX, CRM, GPS, MENT, MRVL, P, ROST, SHLD, SVM, WSM, ZUMZ Comment!
Thursday, May 16, 7:05 PM Integrator checks suggest demand for Salesforce's (CRM +3%) Service Cloud customer support platform is "picking up significantly," and that Force.com and the mainstay Sales Cloud continue to see "good growth," writes Wedbush's Steve Koenig ahead of next Thursday's FQ1 report. Koenig also thinks Salesforce has "plenty of running room" to sell to additional divisions within large accounts. He has heard "anecdotal reports" of discounts, but thinks they're "limited to the low-end." FBR estimated in January Service Cloud now accounts for 30% of Salesforce's new deal activity. 1 Comment [Tech]
Thursday, May 16, 12:16 PM Cisco JV partner EMC (EMC +4.5%) joins the list of companies rallying in response to Cisco's FQ3 beat and guidance. Cisco mentioned on its earnings call integrated hardware solutions such as Vblock (offered by the Cisco/EMC VCE JV) are driving demand for its UCS servers - Cisco's UCS unit saw 77% Y/Y rev. growth. All in all, it's a good day for enterprise IT names, who are happy to receive some good earnings news after getting plenty of bad news (I, II, III, IV). HPQ +1.7%. IBM +1.3%. ORCL +1.3%. VMW +2.6%. TIBX +4.1%. CTXS +3.9%. CRM +3.8%. JIVE +4.1%. NTGR +2.7%. CVLT +2.6%. INFA +3%. (others rallying: I, II) 1 Comment [Tech, On the Move]
Thursday, May 9, 6:39 PM Salesforce (CRM) has bought Clipboard, a startup that (as its name suggests) allows users to save/store a variety of Web content in a central location. A source tells AllThingsD the deal's price was in the $10M-$20M range. The standalone Clipboard service will be shut down; look for Salesforce to integrate the underlying tech into its Chatter enterprise social networking platform, which Marc Benioff recently declared would become the primary UI for all of Salesforce's software. Comment! [Tech, M&A]
Tuesday, April 23, 12:04 PM Salesforce (CRM +2.5%) integrates its offerings a little more by launching Social.com, an app for its Marketing Cloud platform for creating/managing social media ad campaigns. The product, which Salesforce claims is the first solution to integrate social media advertising and monitoring, complements the monitoring tools acquired from Radian6, and the publishing tools it acquired from Buddy Media. Salesforce, which competes with ORCL and CTCT in this space, also promises integration with its flagship CRM software. The announcement comes after Marc Benioff outlined plans to integrate Chatter with Salesforce's CRM software. Comment! [Tech]
Monday, March 25, 6:27 PM Going forward, Salesforce's (CRM) Chatter enterprise social networking platform will serve as the primary UI for Salesforce's software, says Marc Benioff. The announcement comes shortly after Salesforce announced a mobile-centric refresh for Chatter, and 6 months after Benioff (with typical modesty) predicted tools such as Chatter would foster an enterprise "trust revolution." Industry analyst Michael Krigsman sees the UI change as a risky move, given Chatter relies on a Facebook/Twitter-like activity stream. Comment! [Tech]
Thursday, March 21, 4:33 PM Salesforce (CRM) officially announces a 4-for-1 stock split; shares are expected to begin trading on a split-adjusted basis on April 18. The move had been widely expected after Salesforce asked shareholders to support it in a January proxy. They gave their approval at yesterday's annual meeting (transcript). Nonetheless, CRM +0.5% AH. (PR) 2 Comments [Tech]
Thursday, March 21, 11:39 AM Evercore and CLSA have downgraded Oracle (ORCL -8.8%) following its FQ3 miss and light top-line guidance. The numbers have many worried about the impact of cloud apps ... and not just on application software sales. "As customers move to the cloud, you get a lot of the functionality consolidated ... so you need less hardware and less databases and middleware," says Pac Crest. UBS is still bullish: "Historically when they have a miss it’s a great time to buy." Interestingly, cloud rivals are higher - WDAY +1.4%, CRM +0.4%, N +1.2% - even as other peers follow the tech sector lower. IBM -1.6%. INFA -1.6%. RHT -1.1%. (transcript) 4 Comments [Tech, On the Move]
Wednesday, March 20, 1:26 PM H-P's (HPQ +0.8%) internal processes are being overhauled left and right, says tech/operations chief John Hinshaw ahead of today's shareholder meeting. The changes, which cover sales, procurement, and much else, may have contributed to H-P's FQ1 EPS beat. A lot of the changes involve the use of cloud software: Hinshaw claims H-P has the world's largest Salesforce (CRM) and Workday (WDAY) implementations (ORCL software was replaced) and that using Salesforce has led to huge improvements in sales efficiency and job satisfaction. 3 Comments [Tech]
Wednesday, March 20, 12:34 PM FBN launches coverage on a slew of enterprise/cloud software and Web hosting/CDN service plays. Akamai (AKAM +1.9%), Equinix (EQIX +0.6%), VMware (VMW +1.3%), Citrix (CTXS +1.3%), Salesforce (CRM +0.7%), and NetSuite (N +1.7%) have been started at Outperform, while Rackspace (RAX +2.6%), Workday (WDAY), and Concur (CNQR -1.3%) have been started at Sector Perform. Comment! [Tech]
Monday, March 11, 4:49 PM Salesforce (CRM) announces a $1B offering of convertible senior notes due 2018. The company says it will use the proceeds for "general corporate purposes," possibly including acquisition. The announcement comes less than 2 weeks after Marc Benioff promised Salesforce will be aggressive on the M&A front. Salesforce had $521M in convertible debt as of Jan. 31, and $1.77B in cash and investments. 8 Comments [Tech]

1
2
3
4
5
6
...
19
Next Page