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salesforce.com, inc. (CRM)

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  • Dec. 5, 2011, 9:10 AM
    Premarket gainers: SFSF +51%. AFFY +27%. TLEO +16%. FRO +15%. AGO +13%. LYG +13%. ING +7%. STD +5%. IL +5%. RDN +4%. RIG +4%. IRE +4%. CMVT +4%. MT +4%. CPST +3%. BAC +4%. BCS +4%. JEF +4%. CS +4%. CLF +4%. MS +3%. RTK +3%. RF +3%. AKS +3%. C +3%. SD +3%. X +3%. CRM +3%. S +3%. AMR +3%. VE +3%. JPM +3%. PHG +3%. MGM +3%. SINA +3%.
    Losers: REGN -8%. FSIN -6%.
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  • Dec. 5, 2011, 8:29 AM
    Salesforce.com (CRM) is up 2.8%, joining Taleo (TLEO) and NetSuite (N) in rising premarket in the wake of SAP/SFSF, even though its size (current market cap of $16.3B) makes it tougher for a would-be acquirer to swallow. Also higher: ULTI +1.6%. LPSN +3%. Other names haven't yet seen premarket activity, but could move once markets open.
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  • Dec. 1, 2011, 2:13 PM
    Todd Sullivan takes a look at Salesforce.com's (CRM) latest 10-Q, and doesn't like what he sees. In addition to the deferred revenue weakness noted by others (I, II), Sullivan is critical of stock compensation expenses that continue to eclipse Salesforce's guidance, partly due to strong insider selling, and the presence of ~$130M in CMOs and mortgage-backed securities on its balance sheet.
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  • Nov. 30, 2011, 8:13 AM
    Salesforce.com (CRM) is rolling out its Social Marketing Cloud product, which provides major brands with tools to manage their social media activity. The product, which is the result of Salesforce's $326M March acquisition of Radian6, appears to be a rival to Constant Contact's (CTCT) Social Campaigns solution. (yesterday)
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  • Nov. 29, 2011, 4:48 PM
    Salesforce.com's (CRM) Mark Benioff has talked about wanting his company to be the next Microsoft (MSFT). That might prove a tall order, but thanks to its Force.com and AppExchange offerings, Salesforce does have a shot at being the Microsoft of cloud business software - not merely a leading app developer, but also the top platform for developing and selling third-party apps. Interestingly, Microsoft's Azure might stand in the way.
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  • Nov. 28, 2011, 8:13 AM
    Salesforce.com (CRM) is up 4.3% following an upgrade to Buy from Needham. The firm cites an improved risk/reward profile following Salesforce's recent correction (shares had fallen 17% since the company's Nov. 17 FQ3 report), and believes the company's CloudForce event on Wednesday will ease investor concerns.
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  • Nov. 21, 2011, 1:21 PM
    Raymond James' Terry Tillman is upgrading Salesforce.com (CRM -3.2%) to Buy following Friday's post-earnings drubbing. While many are concerned about the soft deferred revenue and billings figures found in Salesforce's FQ3 report, Tillman thinks investors should focus on the company's healthy FY12 revenue guidance, and its record number of large deal signings.
    | 4 Comments
  • Nov. 18, 2011, 5:19 PM
    Several cloud software names moved lower today in the wake of industry leader's Salesforce.com (CRM -10%) FQ3 report. CTCT -6.3%. TNGO -4.2%. N -3.7%. SFSF -4.4%. TLEO -2.5%. (more on CRM)
    | 1 Comment
  • Nov. 18, 2011, 3:43 PM
    Though many analysts are defending Salesforce.com (CRM -10.9%) following yesterday's FQ3 report (I, II), JPMorgan's John DiFucci isn't one of them, lowering his PT to $115 in a report titled "Slowing Business Momentum." DiFucci, who asked a pointed question during Salesforce's earnings call, is concerned about the fact new subscription billings growth dropped to just 12% Y/Y, well below a 34% consensus.
    | 2 Comments
  • Nov. 18, 2011, 9:51 AM
    Salesforce.com (CRM -9.6%) remains sharply lower post-earnings, as its FQ3 beat and healthy revenue guidance get offset by so-so EPS guidance (the result of aggressive spending) and soft billings and deferred revenue figures. Goldman, Deutsche, and Jefferies are staying bullish, with Jefferies noting management's CC comments about expecting strong deferred revenue growth in FQ4.
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  • Nov. 17, 2011, 4:20 PM
    More on Salesforce.com's FQ3: Deferred revenue (a closely-watched figure) was $918M, up 38% Y/Y but down 2% Q/Q. Free cash flow was $94M, up 77% Y/Y.  Company expects FY13 revenue of $2.88B-$2.92B, above $2.79B consensus. Says it will provide FY13 EPS guidance in February. CRM -10.4% AH. (PR)
    | 2 Comments
  • Nov. 17, 2011, 4:11 PM
    Salesforce.com (CRM): Q3 EPS of $0.34 beats by $0.03. Revenue of $584M (+36% Y/Y) beats by $13M. Sees FQ4 Revenue at $620-$624M ($609.8M consensus), EPS at $0.39-$0.40 ($0.40 consensus). Raises FY12 guidance: revenue at $2.255B-$2.259B, EPS at $1.32-$1.39. Shares -10.1% AH. (PR)
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  • Nov. 17, 2011, 12:10 AM
    Notable earnings after Thursday's close: ARUN, CRM, FL, FMCN, GPS, MRVL
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  • Nov. 16, 2011, 8:31 AM
    Piper becomes the latest firm to make bullish remarks about Salesforce.com (CRM) ahead of tomorrow's FQ3 report, claiming a survey of 47 of the company's partners indicates strong sales. Bullish sentiment on fast-growing Salesforce abounds within the analyst community (I, II), though others are concerned about a high valuation and aggressive accounting (I, II).
    | 1 Comment
  • Nov. 15, 2011, 3:13 PM
    Todd Sullivan is shorting Salesforce.com (CRM +2.5%), convinced it's the next Netflix or Green Mountain Coffee. His main concerns: the company loses money on a GAAP basis, insiders are selling heavily, and the stock is too richly priced. Most commentary on CRM ahead of its upcoming FQ3 report has been bullish (I, II).
    | 12 Comments
  • Nov. 15, 2011, 8:03 AM
    Salesforce.com (CRM) receives more bullish commentary (previously) ahead of Thursday's FQ3 report. Jefferies claims its checks indicate plenty of "large deal activity," with more deals involving secondary products such as Service Cloud, Force.com, and Chatter. Meanwhile, Salesforce is announcing the acquisition of Model Metrics, a "mobile and social cloud consulting" provider.
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Company Description
Salesforce.com Inc provides enterprise cloud computing solutions, offering social and mobile cloud apps and platform services, as well as professional services to facilitate the adoption of its solutions.
Sector: Technology
Country: United States