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Fly News Breaks for May 18, 2015
CRM
May 18, 2015 | 07:24 EDT
Susquehanna believes Salesforce.com will deliver Q1 earnings to meet or beat expectations on Wednesday and the firm suspects its billings growth trend to be near the middle of the mid 20% range. The firm feels, however, that the stock may be trading less on fundamentals and more on takeout speculation, which could put a floor on the stock price despite what may be a billings miss. Susquehanna reiterated its Positive rating and $80 price target on Salesforce.com shares.
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