Tag Archives: crm

Zendesk IPO Shows Investors Still Fly To The Cloud

Investors still have an appetite for the cloud, even in a widespread technology stock sell off. Shares of Zendesk (ZEN), a maker of cloud-based customer-service software, jumped by more than 44% in its IPO offering on the stock market today. Investors jumped on board the fast-growing Zendesk in spite of the company’s increasing losses and stiff competition from much larger rivals including Oracle (ORCL), Salesforce.com (CRM) and Microsoft (MSFT).

Pacific Crest Upbeat On Salesforce.com Q1, Outlook

Salesforce.com (CRM), which reports Q1 results next week, likely will raise fiscal 2015 guidance above expectations, posits Pacific Crest Securities in a report published Tuesday. Analysts polled by Thomson Reuters predict that Salesforce.com will report fiscal Q1 profit of 10 cents, the same as a year earlier, with revenue growing 35% to $1.2 billion including acquisitions. For the full-year, analysts model EPS of 50 cents and revenue of $5.3

Cloud, Big Data firms causing ‘big-time disruption’ in IT

The tectonic shift in the information technology industry caused by cloud computing is paving the way for a few years of “big-time disruption” among systems and infrastructure software companies, says Canaccord Genuity analyst Richard Davis. That disruption will create long-term investment opportunities and likely will see the emergence of another company or two the size of Salesforce.com (CRM) and Workday (WDAY), he said in a 31-page report Monday. The report profiled 16 private companies that have implications for investors, including online data storage companies Box and Dropbox and Big Data firms Cloudera and Actian. These companies are potential IPO candidates or acquisition targets, he said. Public market valuations for tech companies recently have begun to resemble a “big upfront/hope for execution later” paradigm, Davis wrote. That’s created some “Are you kidding me?” valuations like the $19 billion Facebook (FB) is paying for WhatsApp, he said. “We’re in a market in …