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CRM

Salesforce

$92.50

0.74 (0.81%)

, MSFT

Microsoft

$72.15

-0.34 (-0.47%)

11:56
08/22/17
08/22
11:56
08/22/17
11:56

On The Fly: What to watch in Salesforce earnings report

Salesforce (CRM) is scheduled to report results of its second fiscal quarter after the market close on Tuesday, August 22, with a conference call scheduled for 5:00 pm ET. What to watch for: 1. GUIDANCE: Along with its Q1 report in May, Salesforce raised its fiscal year 2018 revenue view to $10.25B-$10.3B from $10.15B-$10.2B and its FY18 adjusted EPS view to $1.28-$1.30 from $1.27-$1.29. Consensus, which stood at $10.19B and $1.29 for revenue and earnings at that time has edged up to $10.19B and $1.30, respectively, per share. 2. MICROSOFT COMPETITION: On April 24, Microsoft (MSFT) announced new integrations between its "Dynamics 365" CRM and ERP business software and LinkedIn, which it said "will help salespeople deliver better outcomes using insights from LinkedIn Sales Navigator and LinkedIn's 500M professionals." According to Reuters, the improvements to Microsoft's Dynamics 365 are a challenge to market leader Salesforce and are the first major product initiative to spring from the former's acquisition of LinkedIn. 3. WALL STREET CONFIDENCE: Over the last week, several Wall Street analysts have made bullish comments about Salesforce ahead of the company's quarterly report. Piper Jaffray analyst Alex Zukin said his channel checks indicate Salesforce had another solid quarter and he expects to see low 20% billings growth and a "typical conservative" implied low teens billings guidance for Q3. Similarly, RBC Capital analyst Ross MacMillan said he believes that Salesforce's Q2 billings growth will beat expectations, and he predicts that it will raise its full-year revenue growth guidance. He said he is upbeat on the company's fundamentals. SunTrust analyst Terry Tillman also said he expects Salesforce's Q2 results to beat expectations "based on well-balanced growth across (its) Sales, Service, Marketing and Platform businesses." Tillman thinks the company will perform well in the second half of 2018 due to seasonal billings strength, a number of "Event driven catalysts" including its Dreamforce conference, and the increased monetization of its "newer cloud products." In addition, BTIG analyst Joel Fishbein, Jr said his checks with Salesforce's partners have convinced him that the company's Q2 results will beat expectations. The analyst said checks indicate that the company has a strong pipeline and stable pricing, and is benefiting from more "multi-cloud deployments and deeper penetration of the installed base."

CRM

Salesforce

$92.50

0.74 (0.81%)

MSFT

Microsoft

$72.15

-0.34 (-0.47%)

  • 22

    Aug

  • 05

    Sep

CRM Salesforce
$92.50

0.74 (0.81%)

08/18/17
RBCM
08/18/17
NO CHANGE
RBCM
Salesforce billings growth can beat expectations, says RBC Capital
RBC Capital analyst Ross MacMillan believes that Salesforce's Q2 billings growth will beat expectations, and he preidtcs that it will raise its full-year revenue growth guidance. The analyst is upbeat on the company's fundamentals and keeps an Outperform rating.
08/21/17
RHCO
08/21/17
NO CHANGE
RHCO
Salesforce Q2 results likely to beat expectations, says SunTrust
SunTrust analyst Terry Tillman expects Salesforce's Q2 results to beat expectations "based on well-balanced growth across (its) Sales, Service, Marketing and Platform businesses." Tillman thinks that the company will perform well in 2H18 due to seasonal billings strength, a number of "Event driven catalysts" including its Dreamforce conference, and the increased monetization of its "newer cloud products." He expects the company's fiscal 2019 results to significantly beat expectations and expects the stock to perform well in the second half of this year. He keeps a $110 price target and a Buy rating on the shares.
08/22/17
BTIG
08/22/17
NO CHANGE
BTIG
Salesforce Q2 results likely to beat expectations, says BTIG
BTIG analyst Joel Fishbein, Jr says his checks with Salesforce's partners have convinced him that the company's Q2 results will beat expectations. The analyst says checks indicate that the company has a strong pipeline and stable pricing, and is benefiting from more "multi-cloud deployments and deeper penetration of the installed base." The analyst says the all of the company's "segments continue to show strength," while its ARPU continues to rise. He keeps a $100 price target and a Buy rating on the shares.
08/22/17
ROTH
08/22/17
NO CHANGE
Target $112
ROTH
Buy
Salesforce price target raised to $112 from $103 at Roth Capital
Roth Capital analyst Richard Baldry raised his price target for Salesforce to $112 from $103 saying earnings comparisons are set to improve materially in Q2 and 2H18. The analyst reiterates a Buy rating on the shares.
MSFT Microsoft
$72.15

-0.34 (-0.47%)

07/21/17
STFL
07/21/17
NO CHANGE
STFL
Microsoft should be bought on any weakness, says Stifel
Stifel analyst Brad Reback says that Microsoft reported "strong" Q4 results, as he noted that the growth of its cloud business, Azure, accelerated to 98% year-over-year, while its commercial bookings surged 30% year-over-year. He expects the company's operating profit and free cash flow to accelerate in coming quarters and raised his price target to $80 from $73 while keeping a Buy rating. .
07/21/17
RAJA
07/21/17
NO CHANGE
Target $84
RAJA
Strong Buy
Microsoft price target raised to $84 from $77 at Raymond James
Raymond James analyst Michael Turits raised Microsoft's price target to $84 and reiterated his Strong Buy rating following the across-the-board Q4 beat on strong commercial bookings and cloud results. The analyst trimmed FY18 and FY19 earnings on the down margin guidance and higher taxes but expects margin expansion in FY19 as cloud margins continue to rise.
07/28/17
DBAB
07/28/17
DOWNGRADE
Target $180
DBAB
Hold
MicroStrategy downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Karl Keirstead downgraded MicroStrategy (MSTR) to Hold and cut his price target for the shares to $180 from $220 citing the "disappointing" Q2 results as well as the company's strategy shift. Last night's results marked the third consecutive quarter of license revenue declines, Keirstead tells investors in post-earnings research note. MicroStrategy is now pivoting to a "much more aggressive" spending strategy in response to competition from Tableau (DATA) and Microsoft (MSFT), the analyst adds. He believes the stock has more downside risk.
08/07/17
FBCO
08/07/17
NO CHANGE
Target $84
FBCO
Outperform
Microsoft new accounting standards to have little impact, says Credit Suisse
Credit Suisse analyst Michael Nemeroff notes that Microsoft recently hosted a conference call to discuss its new reporting standards to reflect ASC 606 and ASC 842, which will be in effect starting with Q1 results. The analyst estimates little to no impact to his 2018 and 2019 estimates given this accounting update. However, there is higher volatility in quarterly revenue with different seasonality patterns throughout the year versus the prior standard, he adds. Nemeroff reiterates an Outperform rating and $84 price target on the shares.

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CBOE

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Bitcoin

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BTC

Bitcoin

BITCOIN

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GWRE

Guidewire

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AAPL

Apple

$179.10

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Obsidian Energy

$1.21

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  • 15

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Sanchez Energy

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0.16 (2.83%)

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  • 15

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NTDOY

Nintendo

$51.53

1.55 (3.10%)

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  • 17

    Jan

PTC

PTC

$66.70

1.41 (2.16%)

, ESIO

Electro Scientific

$22.01

1.91 (9.50%)

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PTC

PTC

$66.70

1.41 (2.16%)

ESIO

Electro Scientific

$22.01

1.91 (9.50%)

NEOT

Neothetics

$1.92

0.0793 (4.31%)

PLXS

Plexus

$64.36

0.59 (0.93%)

AA

Alcoa

$56.99

0.75 (1.33%)

SLM

Sallie Mae

$11.49

0.02 (0.17%)

ARWR

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$5.72

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PRTK

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IIPR

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ECC

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$19.13

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AGIO

Agios Pharmaceuticals

$70.33

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BTU

Peabody Energy

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MLNX

Mellanox

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APHB

AmpliPhi

$1.12

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JNJ

Johnson & Johnson

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EVEP

EV Energy

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HBM

Hudbay Minerals

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SFE

Safeguard Scientifics

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-0.15 (-1.36%)

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MSI

Motorola Solutions

$97.28

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ERIE

Erie Indemnity

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AAPL

Apple

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2.91 (1.65%)

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  • 01

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SLM

Sallie Mae

$11.49

0.02 (0.17%)

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