Tag Archives: crm

Salesforce.com Gets Buy Rating In Initiation Report

Salesforce.com (CRM) is the innovation gift that keeps giving. That is the conclusion from Robert Breza, an analyst for Sterne, Agee & Leach, who opened coverage of the enterprise software company on Friday with a buy rating and a price target of 70. Salesforce stock was up more than 3% in morning trading in the stock market today, near 58.50. Salesforce is the No. 1 maker of customer relationship management software, but is expanding into other

Oracle Earnings, CEO Change Don’t Inspire Confidence

Oracle’s lackluster first-quarter earnings and abrupt change in CEO, delivered after the market close Thursday, underscore the challenges that the company faces in transitioning its software business into the cloud to compete with smaller but fast-growing rivals such as Salesforce.com (CRM) and Workday. Workday (WDAY) last month reported better than expected Q2 earnings. Oracle (ORCL) stock was down more than 4.5% in early trading in the stock

Video: Salesforce Makes Big Bet On Mobile Technology

Salesforce.com (CRM) is placing a heavy bet on mobile technology. The leading provider of customer relationship management software said Monday that it is setting up a $100 million venture fund specifically for mobile app developers. Salesforce.com stock was up more than 1% in morning trading in the stock market today, near 60.50, and earlier nearly touched a nearly six-month high. The new VC fund, known as the Salesforce1 Fund, is part of the