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CRM

Salesforce

$152.88

-3.12 (-2.00%)

, CPCAY

Cathay Pacific

$0.00

(0.00%)

21:04
09/19/18
09/19
21:04
09/19/18
21:04

Cathay Pacific to partner with Salesforce on digital transformation

Salesforce (CRM) announced that Cathay Pacific (CPCAY) is using Salesforce to accelerate digital transformation, generate new revenue streams and improve customer experiences with personalized engagements. An existing Salesforce Sales Cloud and Service Cloud customer since 2014, Cathay Pacific is deploying Salesforce Marketing Cloud to unify sales, service and marketing, and deliver connected, personalized customer experiences across any channel, including email, social, digital advertising and more. With the addition of Marketing Cloud, Cathay Pacific will focus on three key areas: acquiring new customers, personalizing all touch-points along the traveler's journey and getting a complete 360-degree view of the members of its Marco Polo loyalty program. Cathay Pacific's digital transformation is led by a vision that recognizes and caters to the evolving needs of its customers in order to increase its competitiveness in the airline industry.

CRM

Salesforce

$152.88

-3.12 (-2.00%)

CPCAY

Cathay Pacific

$0.00

(0.00%)

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CRM Salesforce
$152.88

-3.12 (-2.00%)

08/30/18
RHCO
08/30/18
NO CHANGE
Target $170
RHCO
Buy
Salesforce price target raised to $170 from $146 at SunTrust
SunTrust analyst Terry Tillman raised his price target on Salesforce to $170 and kept his Buy rating after its reported Q2 saw "upside across every financial metric". The analyst notes that the company also raised its revenue guidance for the second half of FY19 in spite of the FX headwinds and also cites the management's positive view of operating environment as "one of the most buoyant technology investment cycles they have ever seen". Tillman expects the second half of FY19 to manifest the business strength and recommends that investors acquire the stock going into Salesforce's Dreamforce event catalyst in late September.
08/30/18
08/30/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. GUGGENHEIM UPGRADES ARLO TO BUY: Guggenheim upgraded Arlo Technologies (ARLO) to Buy from Neutral and maintained a $26 price target. Analyst Robert Cihra said the recent pullback in shares offers a compelling buying opportunity and the company has a meaningful runway to keep growing. Arlo shares are up 4% in late morning trading. JPMORGAN UPGRADES NUTANIX TO NEUTRAL: JPMorgan analyst Mark Murphy upgraded Nutanix (NTNX) to Neutral from Underweight and raised his price target for the shares to $54 from $39. The analyst's latest round of Nutanix checks and his latest VMware (VMW) survey suggest a "strong demand environment" for hyperconverged infrastructure. Nutanix is the leader in this space, Murphy said. He expects to see a "strong healthy quarter" from Nutanix, especially in terms of bookings. Murphy believes the stock offers a balanced risk/reward at current share levels. BERENBERG INITIATES PAYPAL WITH A BUY: Berenberg analyst Tammy Qiu started PayPal (PYPL) with a Buy rating and $104 price target. Innovators such as PayPal will remain competitive versus new entrants to the payments sector, Qiu said. The analyst views PayPal as a core holding in the payment and fintech space "because it is well positioned to enable financial inclusion via its wide product range." In addition, its two-sided platform, which serves merchants and consumers, makes it unique, Qiu contended. SALESFORCE DEFENDED AFTER EARNINGS, PRICE TARGET RAISED AT MULTIPLE FIRMS: Piper Jaffray analyst Alex Zukin raised his price target for Salesforce (CRM) to $180 from $165, saying the company posted a solid start to the year, with all metrics coming in ahead of consensus in spite of meaningful currency headwinds during the quarter. The analyst recommends using the post-earnings selloff as an opportunity to buy the shares. He sees near-term catalysts from Dreamforce and the company's analyst day, as well as a "strong" federal budget flush in Q3 and the "best IT spending environment in history." Zukin reiterated an Overweight rating on Salesforce shares. Additionally, Jefferies analyst John DiFucci raised his price target for Salesforce to $172 from $168 citing the company's "solid" Q2 results which he says exceeded expectations across the board. The print, however, was perhaps not as strong as the last two quarters, the analyst adds. While billings guidance implies further moderation of new subscription annual contract value in the second half of fiscal 2019, this likely reflects management's "typically prudent approach to guidance," DiFucci contends. He recommends buying Salesforce on any weakness today and keeps a Buy rating on the shares. Salesforce is off earlier lows, and is currently trading down 1.4%.
08/31/18
BMOC
08/31/18
NO CHANGE
Target $165
BMOC
Outperform
Salesforce billings hurt by seasonality, pipeline still solid, says BMO Capital
BMO Capital analyst Keith Bachman kept his Outperform rating and $165 price target on Salesforce after its Q2 results, saying the integration of its recent MuleSoft acquisition has helped to "boost" revenues with its $122M contribution, deferred revenues and margins. The analyst notes that the company's billings were slightly "disappointing", but sees its pipeline remaining solid and the issues as transitory beyond seasonality. Bachman recommends that investors continue to accumulate shares, taking advantage of any "near-term weakness".
08/31/18
ARGS
08/31/18
NO CHANGE
Target $180
ARGS
Buy
Salesforce price target raised to $180 from $141 at Argus
Argus analyst Joseph Bonner raised his price target on Salesforce to $180 and kept his Buy rating after its "strong" Q2 results and raised FY guidance for the third time. The analyst notes that while investors were disappointing by next quarter's outlook and bid the shares down, he believes that the company is "well positioned" to exploit secular trends of "software as a service cloud solutions, data analytics, and platform software services". Bonner also raises his FY19 EPS view to $2.53 from $2.31, citing Salesforce's continued market share gains and cloud CRM space innovation.
CPCAY Cathay Pacific
$0.00

(0.00%)

03/28/18
DBAB
03/28/18
UPGRADE
DBAB
Buy
Cathay Pacific upgraded to Buy from Sell at Deutsche Bank
Deutsche Bank analyst Joe Liew double upgraded Cathay Pacific to Buy from Sell with a price target of HK$16.58.
07/02/18
DBAB
07/02/18
DOWNGRADE
DBAB
Hold
China Eastern Airlines downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Joe Liew downgraded China Eastern Airlines (CEA) to Hold saying higher fuel expenses are a headwind for Asian airlines. Further, the recent yean depreciation has increased the risk premium on Chinese airline stocks, Liew tells investors in a research note. His top pick in the space is Cathay Pacific (CPCAY).

TODAY'S FREE FLY STORIES

UTX

United Technologies

$130.32

0.715 (0.55%)

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NVS

Novartis

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REGN

Regeneron

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-6.4 (-1.67%)

, SNY

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SNY

Sanofi

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PSX

Phillips 66

$107.21

-2.3 (-2.10%)

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OKE

Oneok

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-0.17 (-0.26%)

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HFC

HollyFrontier

$64.72

-1.75 (-2.63%)

05:28
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PF

Pinnacle Foods

$66.23

0.38 (0.58%)

05:26
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AMZN

Amazon.com

$1,760.99

-27.64 (-1.55%)

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Amazon invests $10M in Closed Loop Fund to increase recycling rates in U.S. »

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SHZHY

Shenzhou

$0.00

(0.00%)

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CRM

Salesforce

$141.95

-4.82 (-3.28%)

05:22
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Salesforce announces Salesforce Tower Atlanta, will create 600 new local jobs »

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AMGN

Amgen

$195.53

-1.82 (-0.92%)

05:21
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Amgen launches Amgevita in markets across Europe »

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ADBE

Adobe

$238.05

-10.84 (-4.36%)

05:20
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CME

CME Group

$173.86

-2.73 (-1.55%)

05:19
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Hot Stocks
CME Group reports Q3 Asia Pacific ADV up 4% to 726,000 contracts »

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AAL

American Airlines

$31.78

0.87 (2.81%)

05:15
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UAL

United Continental

$81.34

1.18 (1.47%)

05:11
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HOLX

Hologic

$40.14

0.07 (0.17%)

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CNVVY

ConvaTec

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CNVVY

ConvaTec

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FTCH

Farfetch

$23.17

-0.21 (-0.90%)

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  • 08

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ABUS

Arbutus Biopharma

$4.14

-0.17 (-3.94%)

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IFF

International Flavors

$131.66

0.71 (0.54%)

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  • 13

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PANW

Palo Alto Networks

$209.49

-2.51 (-1.18%)

, FTNT

Fortinet

$80.17

0.22 (0.28%)

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Conference/Events
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PANW

Palo Alto Networks

$209.49

-2.51 (-1.18%)

FTNT

Fortinet

$80.17

0.22 (0.28%)

PFPT

Proofpoint

$101.06

-0.04 (-0.04%)

CHKP

Check Point

$111.12

-0.37 (-0.33%)

SAIL

SailPoint

$27.05

-0.51 (-1.85%)

VMW

VMware

$144.13

-3.63 (-2.46%)

JNPR

Juniper

$27.78

0.47 (1.72%)

TMICY

Trend Micro

$0.00

(0.00%)

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CDAY

Ceridian

$37.06

0.83 (2.29%)

04:55
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04:55
Conference/Events
Ceridian to hold a conference »

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  • 16

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UBS technology analyst to hold an analyst/industry conference call »

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TROX

Tronox

$11.86

-0.05 (-0.42%)

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UBS basic materials analyst to hold an analyst/industry conference call »

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