Information Provided By:
Fly News Breaks for August 23, 2017
CRM
Aug 23, 2017 | 07:33 EDT
Piper Jaffray analyst Alex Zukin said Salesforce's Q2 billings and operating cash flow beat expectations by "substantial" amounts and he attributes its below consensus Q3 billings guidance to outperformance in the quarter and increased seasonality. Stating that the company's metrics are "accelerating across the board" and calling the company's second half cash flow guidance "conservative," Zukin raised his price target on Salesforce to $115 from $110 and reiterates his Overweight rating on the shares.
News For CRM From the Last 2 Days
CRM
CRM
I agree to the thefly.com's disclaimer & terms of use
About Privacy Terms of Use

© 1996-2018 TheStreet, Inc., 14 Wall Street, 15th Fl, NY, NY 10005

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.