Overall, the company reported a loss of $25.2 million, or four cents a share, compared with a year-earlier loss of $38.9 million, or six cents a share, a year earlier.
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Analysts had forecast earnings of 19 cents per share on sales of $1.7 billion. The higher price target estimate for the stock has been calculated at $95 while the lower price target estimate is at $51. The stock is now up 2.43 after the bell.
The San Francisco-based cloud solutions provider posted revenue of $1.71 billion versus analysts’ estimate of $1.70 billion. The sale was disclosed in a legal filing with the SEC, which is available through this link. Brean Capital reiterated a buy rating and set a $86.00 target price on shares of salesforce.com, inc.in a research report on Monday, September 14th. Shares are up roughly 3% after hours.
Back in the first quarter of this year Salesforce.com was at the epicenter of M&A speculation, with reports that several of the technology sector’s elite was willing to dish out $50 billion for the company. Bank of America restated a buy rating and issued a $90.00 price objective on shares of salesforce.com, inc.in a research note on Tuesday. The rating is an average of the various different ratings given by analysts and brokers to SALESFORCE.COM Incorporated, and then averaged into one rating by a team of analysts at Zacks in Chicago, Illinois. The ratio improved, as 47 funds sold all salesforce.com, inc. shares owned while 203 reduced positions. Forbes J M & Co Llp was also a notable follower of the California-based company, possessing 106,929 shares. Also, CEO Marc Benioff sold 37,500 shares of the stock in a transaction dated Wednesday, November 18th. The shares were sold at an average price of $76.68, for a total transaction of $2,875,500.00.
Inc. provided more proof that cloud computing can drive a solid business, posting a 24% jump in revenue and issuing upbeat projections for the current and coming fiscal years.
“Salesforce delivered yet another exceptional quarter with 27% constant currency growth in revenue and 30% constant currency growth in deferred revenue”, company CEO Marc Benioff said in the earnings release. The disclosure for this sale can be found here.
Azimuth Capital Management Llc is the most positive institutional investor on Salesforce Com Inc, with ownership of 4,000 shares as of Q2 2015 for 0.03% of the fund’s portfolio.
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In a report released today, James Kisner from Jefferies maintained a Hold rating on NetApp (NASDAQ: NTAP), with a price target of $31. The company’s market capitalization is $51.05 billion. The business’s revenue was up 23.7% compared to the same quarter past year. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. The company’s Salesforce suite of on-demand CRM applications allows customers to manage and share all of their sales, support, marketing and partner information on-demand. The organization offers integration, deployment, training, implementation and consulting services to its customers to ease the adoption of its own cloud solutions.
