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Fly News Breaks for August 19, 2016
CRM
Aug 19, 2016 | 07:03 EDT
Jefferies analyst John DiFucci says his field checks and partner survey indicate that while Salesforce's Q2 results are likely to be fine, its new subscription annualized contract value growth has likely slowed. Enterprise momentum has seemed to moderate from the "stellar" performance in the last two quarters, DiFucci tells investors in a pre-earnings research note. He keeps a Hold rating on Salesforce with an $80 price target.
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