Tickertv Blog | Salesforce | $CRM Stock | The “Force” Was In The Earnings Report | Talkmarkets
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Date: Tuesday, November 22, 2016 11:23 AM EDT

Salesforce.com, inc. (NYSE: CRM)

Salesforce.com, the behemoth leader in cloud-based computing reported third-quarter earnings and revenue used below away analyst. Revenues were up a  huge 25%  to $2.14 billion analysts had only expected revenue of $2.1 billion.

Shares closed the regular session at $75.19 which was up $1.88. However in after-market trading after earnings were released - shares rose a whopping 5.5% to $79.33 or $4.14.  Shares have traded in a 52-week range from $52.60 Just Tires $84.

Action in the after market trading suggests that the upper range and possible 52-week highs will be tested. Many eyes I will be watching how that area holds up ($84.48).

 

Noteworthy Analyst And CEO Comments

"Our checks indicate that Salesforce still has a number of very good secular growth drivers, including selling some of their newer cloud offerings and upselling activity into large customers is robust," said Wedbush Securities analyst Steve Koenig.

"We expect to deliver our first $10 billion-year during our fiscal year 2018," Chief Executive Officer Marc Benioff said in a statement.

Benioff, who has grown increasingly active in politics and civic affairs in San Francisco, is also eager to make Salesforce a more prominent brand in the minds of consumer.-Reuters

“Salesforce delivered an exceptional quarter with year-over-year revenue growth of 25% in dollars and 27% in constant currency", said Salesforce CEO Marc Benioff.-Zacks

"I'll tell you that I really think that in my core, I'll get back to my comment about that balanced portfolio," Benioff said. "We have an integrated platform. And that integrated platform is exciting, not only is it the number one sales cloud in the world…. But it has all these other capabilities: Mobility, AI, analytics, and so forth. And so I think that, when I look at the most incredible things our customers have done, they weave these things together in really smart and creative ways." Cnbc.com

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Dale DeRoy 2 years ago Member's comment

I'm bullish on $CRM.