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GOOG

Alphabet

$786.14

3.07 (0.39%)

, GOOGL

Alphabet Class A

$811.77

2.2 (0.27%)

15:51
10/13/16
10/13
15:51
10/13/16
15:51

Google, Salesforce showcase new G Suite offerings

Alphabet's (GOOG; GOOGL) Google and Salesforce (CRM) showcased two integrations that the later built on top of G Suite: Salesforce Lightning for Gmail and Sales Cloud integration with Google Sheets. The new offerings join other existing integrations with Google Calendar, Gmail, Drive and Contacts. With Salesforce Lightning for Gmail, sales reps can now review Salesforce records relevant to their emails, add contacts from their address book into Salesforce, and create new Salesforce records, all from within Gmail. The Sales Cloud integration with Sheets, meanwhile, makes it easy for sales reps to link any Salesforce List View to a Google Sheet. Additionally, users can view, edit and delete records within Sheets and sync those changes back to Salesforce.Reference Link

GOOG

Alphabet

$786.14

3.07 (0.39%)

GOOGL

Alphabet Class A

$811.77

2.2 (0.27%)

CRM

Salesforce

$70.76

-1.47 (-2.04%)

  • 23

    Oct

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    Oct

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    Nov

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    Jan

GOOG Alphabet
$786.14

3.07 (0.39%)

10/12/16
WELS
10/12/16
NO CHANGE
WELS
Market Perform
Wells doesn't see Apple as biggest beneficiary from Samsung issues
Wells Fargo analyst Maynard Um attributes the recent rally in shares of Apple (AAPL), at least in part, to Samsung's (SSNLF) issues with its Note 7 phones. Apple gained an incremental $14B in market capitalization at its intraday peak, which the analyst believes embeds more than 3M of incremental iPhone 7 Plus units. Samsung's production halt will help Apple, but other Android vendors with 5.7 inch phones could see a bigger benefit if Android users prefer to stick with Android, Um tells investors in a research note. He points out that LG, Kyocera, and Microsoft (MFST) have 5.7 inch Android phones at U.S. carriers. Um thinks expectations for Apple into earnings "have risen materially." He keeps a Market Perform rating on the iPhone maker. Apple closed yesterday up 25c to $116.30.
10/10/16
WELS
10/10/16
NO CHANGE
WELS
Alphabet, Facebook can meet Street estimates, says Wells Fargo
Wells Fargo says that investors are concerned about the ability of Facebook (FB) and Google (GOOG,GOOGL) to meet Street estimates because forecasts continue to indicate that TV's ad share will be relatively stable over the next two years. But Wells says that Facebook and Google will continue to gain share from "non-TV media" and could see increased revenue from "non-advertising marketing services" such as sponsorships and public relations. Wells keeps Outperform ratings on both stocks.
10/06/16
SBSH
10/06/16
NO CHANGE
Target $89
SBSH
Buy
Citi says Salesforce buying Twitter 'nearly impossible' above $28/share
Citi analyst Walter Pritchard believes a Salesforce (CRM) acquisition of Twitter (TWTR) is possible financially but that such a deal would put "significant constraints" on the company for the next three-plus years. The analyst sees "very little reason" for Salesforce to own Twitter and feels the acquisition "would pose a difficult decision" for CEO Marc Benioff and the board. Salesforce closed yesterday down 6%, or $4.21, to $68.42. Recode reported last night that the company is likely the only bidder left for Twitter after Disney (DIS) and Alphabet (GOOG) opted not to pursue a deal while Apple (AAPL) is unlikely. Twitter in pre-market trading is down 14% to $21.50. In order for Salesforce to avoid a shareholder vote, it would have to borrow $7.5B to fund the transaction if Twitter were valued at $20B, or $27.50-$28 per share, Pritchard tells investors in a research note. This is a level that likely constrains the company with little additional borrowing capacity for other deals, the analyst contends. He thinks the deal is "nearly impossible to do" for Salesforce should the bidding for Twitter go above $20B or $28 per share. Pritchard has a Buy rating on Salesforce with an $89 price target.
09/28/16
09/28/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Alphabet (GOOG, GOOGL) downgraded to Underperform from Neutral at Wedbush with analyst James Dix citing concerns that the "Four Horsemen of the Search Apocalypse" -- self-identified consumers, consumer control of IP-delivered ads, payments innovation, and attention markets -- might arrive. 2. AT&T (T) downgraded to Neutral from Buy at UBS with analyst John Hodulik citing expectations for lower earnings growth. 3. Macy's (M) downgraded to Neutral from Outperform at Credit Suisse with analyst Michael Exstein saying the retailer, after outlining in August its operations and merchandising strategies, is now in an execution phase. 4. Twitter (TWTR) downgraded to Underperform from Neutral at Mizuho and to Sell from Hold at Loop Capital. 5. Galectin Therapeutics (GALT) downgraded to Sell from Buy at Roth Capital with analyst Sa'ar Yaniv citing the company's announcement that NASH-FX, GR-MD-02's Phase 2a study in NASH fibrosis, failed both primary and secondary endpoints. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
GOOGL Alphabet Class A
$811.77

2.2 (0.27%)

09/30/16
RBCM
09/30/16
NO CHANGE
RBCM
Street underestimating Google growth outlook, says RBC Capital
RBC Capital analyst Mark Mahaney expects Google to end 2016 with "up to 20% growth," versus the Street's outlook of mid teen percentage level growth. Mahaney says that Google's growth should be boosted by "ongoing Search innovations, rising Mobile CPCs, and the growing impact of YouTube, Play & Cloud." He thinks that YouTube's revenue is growing at a 30%-40% clip. Mahaney raised his price target on the stock to $1,025 from $1,000 and keeps an Outperform rating on the shares.
CRM Salesforce
$70.76

-1.47 (-2.04%)

10/10/16
JPMS
10/10/16
NO CHANGE
Target $95
JPMS
Overweight
JPMorgan sees 'opportune entry point' for Salesforce
JPMorgan analyst Mark Murphy believes shares of Salesforce (CRM) are at an "'opportune entry point" following the recent selloff. The pullback has been driven by a "slightly soft" Q2 and concerns about a potentially expensive acquisition of Twitter (TWTR), Murphy tells investors in a research note. After speaking to industry contacts at Dreamforce, the analyst sees a path for the "overhangs to fade" with a "better pace of business in Q3/Q4" as well as the eventual fading of the Twitter discussion. Murphy reiterates an Overweight rating on Salesforce with a $95 price target in a research note titled "The Most Valuable Cloud Asset Is Undeservedly Undervalued."
10/07/16
ADAM
10/07/16
NO CHANGE
Target $95
ADAM
Buy
Salesforce worthy of investor consideration at current levels, says Canaccord
Canaccord analyst Richard Davis came away from the Salesforce (CRM) Dreamforce week more enthused about the company's outlook. The analyst noted the company is growing its revenues 3.5 times faster than it legacy peers. Davis noted the company's CEO said they are very disciplined on price when it comes to acquisitions and believes that they would not be interested in Twitter (TWTR) at its rumored asking price of $28 per share. Davis reiterated his Buy rating and $95 price target on Salesforce shares.
10/07/16
PIPR
10/07/16
NO CHANGE
Target $100
PIPR
Overweight
Piper sees 'clouds parting' on Salesforce valuation
Salesforce CEO Marc Benioff mostly calmed nerves over a potential Twitter (TWTR) acquisition by saying at the company's analyst day, "While we look at everything, we pass on almost everything," Piper Jaffray analyst Alex Zukin tells investors in a research note. The comment does not completely take a deal for Twitter off the table, but the probability of a transformational acquisition is now "dramatically lower," Zukin contends. As such, the analyst feels the "clouds are parting" on Salesforce's valuation "with sunshine ahead." Zukin believes the company has a "clear line of sight" to $10B in revenue in FY17. He keeps an Overweight rating on the shares with a $100 price target. Salesforce closed yesterday up $2.84, or 4%, to $71.26.
10/06/16
BMOC
10/06/16
NO CHANGE
BMOC
Twitter acquisition would hurt Salesforce, says BMO Capital
BMO Capital analyst Keith Bachman says that an acquisition of Twitter (TWTR) by Salesforce (CRM) would " offer little strategic fit, would slow revenue growth and would be dilutive to (free cash flow) margins." Bachman thinks that the deal would cause Salesforce's stock to drop significantly,. and he says that the company's stock would be worth $65 if it pulls the trigger on Twitter. The analyst says that Salesforce's current valuation is attractive if it does not buy Twitter. He keeps an $86 price target and Outperform rating on Salesforce.

TODAY'S FREE FLY STORIES

KSS

Kohl's

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AGN

Allergan

$246.32

-0.84 (-0.34%)

08:56
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Periodicals
Allergan CEO proposes Trump lead drug price negotiations, Bloomberg reports »

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BAC

Bank of America

$24.79

0.01 (0.04%)

, TSLA

Tesla

$273.51

-3.88 (-1.40%)

08:56
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Options
Notable open interest changes for February 23rd »

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BAC

Bank of America

$24.79

0.01 (0.04%)

TSLA

Tesla

$273.51

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JCP

J.C. Penney

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FB

Facebook

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TNC

Tennant

$70.10

-1.9 (-2.64%)

08:55
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SFTBF

SoftBank

$76.90

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, VOD

Vodafone

08:55
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08:55
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Periodicals
SoftBank in talks to buy stake in Vodafone Indian unit, The Economic Times says »

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SoftBank

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Vodafone

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General news
The 6k U.S. initial claims rise to 244k »

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THG

Hanover Insurance

$91.08

0.43 (0.47%)

08:55
02/23/17
02/23
08:55
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08:55
Conference/Events
Hanover Insurance to host investor day »

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HNR

Harvest Natural

$6.68

0.04 (0.60%)

08:55
02/23/17
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08:55
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08:55
Conference/Events
Harvest Natural to host special shareholder meeting »

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TNC

Tennant

$70.10

-1.9 (-2.64%)

08:54
02/23/17
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08:54
Hot Stocks
Tennant to reduce 3% of global workforce »

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TNC

Tennant

$70.10

-1.9 (-2.64%)

08:53
02/23/17
02/23
08:53
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08:53
Earnings
Tennant sees 2017 adjusted EPS $2.50-$2.70, consensus $2.83 »

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STNG

Scorpio Tankers

$4.28

-0.01 (-0.23%)

08:53
02/23/17
02/23
08:53
02/23/17
08:53
Upgrade
Scorpio Tankers rating change  »

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KSS

Kohl's

08:52
02/23/17
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08:52
Hot Stocks
Kohl's sees significant improvement in Q1 gross margin »

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TNC

Tennant

$70.10

-1.9 (-2.64%)

08:51
02/23/17
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08:51
Earnings
Tennant reports Q4 EPS 85c, consensus 76c »

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LMRK

Landmark Infrastructure

08:50
02/23/17
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08:50
Syndicate
Breaking Syndicate news story on Landmark Infrastructure »

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KSS

Kohl's

, UA

Under Armour

$19.78

0.09 (0.46%)

08:50
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08:50
Hot Stocks
Kohl's CEO believes uncertainty in sector will continue »

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Kohl's

UA

Under Armour

$19.78

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ABBV

AbbVie

$61.36

-0.47 (-0.76%)

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Allergan

$246.32

-0.84 (-0.34%)

08:50
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Conference/Events
Piper Jaffray healthcare/pharma analyst holds analyst/industry conference call »

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ABBV

AbbVie

$61.36

-0.47 (-0.76%)

AGN

Allergan

$246.32

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BMY

Bristol-Myers

$55.35

0.57 (1.04%)

ENTA

Enanta

$28.18

-0.36 (-1.26%)

GALT

Galectin Therapeutics

$1.71

-0.23 (-11.86%)

GILD

Gilead

$68.83

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GLMD

Galmed

$4.09

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ICPT

Intercept

$122.79

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MRK

Merck

$65.29

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RGLS

Regulus

$1.08

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VKTX

Viking Therapeutics

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08:50
02/23/17
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General news
Atlanta Fed centrist Lockhart sees the pendulum swinging »

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W

Wayfair

$41.26

1 (2.48%)

08:49
02/23/17
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08:49
Hot Stocks
Breaking Hot Stocks news story on Wayfair »

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TWX

Time Warner

$96.32

-0.1 (-0.10%)

, T

AT&T

$41.59

-0.14 (-0.34%)

08:46
02/23/17
02/23
08:46
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08:46
Periodicals
Time Warner IR head to lead AT&T integration, THR reports »

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TWX

Time Warner

$96.32

-0.1 (-0.10%)

T

AT&T

$41.59

-0.14 (-0.34%)

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QQQ

NASDAQ 100 Index Tracking Stock

$130.50

0.05 (0.04%)

, ETE

Energy Transfer Equity

$18.92

-0.13 (-0.68%)

08:46
02/23/17
02/23
08:46
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08:46
Options
Largest borrow rate increases among liquid names »

Latest data shows the…

QQQ

NASDAQ 100 Index Tracking Stock

$130.50

0.05 (0.04%)

ETE

Energy Transfer Equity

$18.92

-0.13 (-0.68%)

FIT

Fitbit

$5.88

-0.16 (-2.65%)

NAK

Northern Dynasty

$1.39

-0.27 (-16.27%)

BX

Blackstone

$30.32

-0.23 (-0.75%)

PCLN

Priceline

$1,651.74

4.74 (0.29%)

TBT

ProShares UltraShort 20+ yr Trsry

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-0.14 (-0.35%)

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TNC

Tennant

$70.10

-1.9 (-2.64%)

08:45
02/23/17
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08:45
Hot Stocks
Tennant announces agreement with Ambienta to acquire IPC Group for $350M »

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08:45
02/23/17
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General news
Treasury Action: yields remained downwardly biased »

Treasury Action: yields…

08:45
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General news
FHFA House Price Index M/M change to be reported at 09:00 »

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ICON

Iconix Brand

$9.18

-0.03 (-0.33%)

08:43
02/23/17
02/23
08:43
02/23/17
08:43
Recommendations
Iconix Brand analyst commentary  »

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SHLX

Shell Midstream

$33.19

-0.75 (-2.21%)

08:43
02/23/17
02/23
08:43
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08:43
Earnings
Shell Midstream reports Q4 EPS 34c, consensus 35c »

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