Tag Archives: crm

Salesforce.com Gets Price Target Cuts After Earnings

At least three investment banks lowered their price targets on Salesforce.com (CRM) after the SaaS leader posted Q1 earnings late Tuesday. EPS and sales beat Wall Street views, but perhaps not as much as some investors expected. Salesforce.com’s revenue guidance for the current quarter beat views, but earnings guidance was a tad light. Canaccord cut its price target to 65 from 80, Needham to 70 from 80 and FBR to 72 from 80. Salesforce stock was

Salesforce.com Q1 Earnings, Q2 Outlook Beat Estimates

The cloud continues to be good business for Salesforce.com. The maker of business software late Tuesday reported better-than-expected Q1 results, as more companies adopt software delivered via the cloud. The company’s revenue outlook for Q2 also beat Wall Street views, and it raised its EPS and revenue forecast for the year. Salesforce.com (CRM) stock was up nearly 1% in after-hours trading after the company released its results. Its stock fell a

Salesforce.com Q1 Revenue Could Beat Expectations

Salesforce.com (CRM) might be able to deliver better-than-expected top-line results when it reports its fiscal Q1 earnings after the market close on Tuesday. The enterprise software company has become the No. 1 provider customer relationship management software, which helps companies better manage their work with customers and partners. Salesforce jumped ahead of rivals SAP (SAP), Oracle (ORCL) and others by being the first to deliver its