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CRM

Salesforce

$75.54

1.56 (2.11%)

14:01
01/11/17
01/11
14:01
01/11/17
14:01

Salesforce calls outpace puts 5:1 as shares rally

Salesforce calls outpace puts 5:1 as shares rally. The stock is up $1.50 to $75.48 in active trading of 5.2M shares after Wells Fargo initiated the stock with Outperform. In options action, the largest trade is a 2.5K block of Mar 85 calls for 97c on ISE. 5.6K traded at that strike. Mar 82.5 calls and Jan 13th 76 calls are next most active. Total volume is 26K calls and 5.1K puts. Earnings estimated late-Feb.

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CRM Salesforce
$75.54

1.56 (2.11%)

01/05/17
01/05/17
NO CHANGE

Pacific Crest names top cloud stocks for 2017
Pacific Crest analyst Brent Bracelin remains upbeat on cloud application pure plays, citing his belief that public cloud spending is poised to triple by 2020. He identifies the following cloud application software stocks as having the best risk/reward ratio and the best chances of success: Microsoft (MSFT), Adobe (ADBE), Salesforce (CRM), Veeva (VEEV), Ellie Mae (ELLI), Twilio (TWLO), and HubSpot (HUBS).
01/06/17
WEDB
01/06/17
NO CHANGE
WEDB
Wedbush more positive on 2017 software spending trends
Wedbush analyst Steve Koenig says his firm's 2017 IT Spending Survey should soothe fears that macro uncertainty caused by the U.S. presidential election will negatively impact IT budgets. The analyst thinks recent disappointments from Workday (WDAY), Oracle (ORCL), Red Hat (RHT), and other software vendors were more company-specific than the management teams were willing to admit. As a result of the survey, Koenig has a more positive view of 2017 software spending trends, and thinks beneficiaries will include well-positioned cybersecurity vendors and cloud vendors. He notes that Proofpoint (PFPT) is a Wedbush Best Idea and his top software pick for 2017 along with salesforce.com (CRM).
01/09/17
UBSW
01/09/17
NO CHANGE
Target $105
UBSW
Buy
Salesforce could be top turnaround story of 2017, says UBS
UBS analyst Brent Thill noted Salesforce was one of the worst performing large cap software stocks of 2017 and said it could be the top turnaround story of 2017 with the right management actions.He believes management should address M&A concerns by taking any potential mega-deals off the table and focus on re-accelerating organic growth, especially in the Marketing Cloud. Thill reiterated his Buy rating and $105 price target on Salesforce shares.
01/10/17
WELS
01/10/17
INITIATION
WELS
Outperform
Salesforce initiated with an Outperform at Wells Fargo
Wells Fargo analyst Philip Winslow started Salesforce with an Outperform rating and $100-$105 price target range.

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