Driven by strength in enterprise business, salesforce.com, inc.
Salesforce didn’t mention it in the call as enterprise business, especially in the United States, saw a record quarter for seven-figure deals that more than offset the mid-market softness. But, DiFucci wonders if competitive pressure in the mid-market from Microsoft Corporation
“[W]e continue to hear of increased competitive pressure in the mid-market from Microsoft who now has a product that appears ‘good enough’ and is much cheaper than salesforce.com. It’s logical that this would have a greater impact in the mid-market, which tends to be more price-sensitive,” DiFucci wrote in a note.
The company reported
DiFucci, who has a Hold rating on
At last check, shares of salesforce rose 3.98 percent to $78.18. DiFucci has a price target of $80.
|Nov 2016||OTR Global||Upgrades||Mixed||Positive|
|Oct 2016||Rosenblatt||Initiates Coverage On||Buy|
|Oct 2016||DA Davidson||Maintains||Neutral|
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