Actionable news
0
All posts from Actionable news
Actionable news in CRM: SALESFORCE.COM Inc,

What to Expect From Salesforce Earnings

Salesforce.com Inc. (NYSE: CRM) is scheduled to release its fiscal second-quarter financial results after the markets close on Wednesday. Although the stock has not kept up with markets in 2016, some analysts believe that this is only the beginning—not that this stock will continue to underperform—but really that this company stands to grow significantly in the coming years.

The consensus estimates are $0.22 in earnings per share (EPS) on $2.02 billion in revenue. The same period from last year reportedly had $0.19 in EPS on revenue of $1.63 billion.

Recently, Merrill Lynch reiterated a Buy rating with a $100 price objective for this stock. Ultimately, the brokerage firm considers Salesforce.com one of its favorite large cap growth ideas for 2016, even though there are only a few months left. Merrill Lynch is also maintaining the path to exponential upside out to 2020. Not to mention that the firm is surprised about how this...


More