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Kirk Materne, Evercore Partners, says the odds of a buyer for Salesforce.com are low, and explains why he raised the price target on the stock.
Samad Samana, vice president at FBR Capital Markets, talks about the Salesforce earnings report.
The "Fast Money" traders give their final trades of the day.
May 20- Salesforce.com Inc, the subject of takeover speculation for the past few weeks, raised its revenue forecast for the full year, after the cloud software company reported a profit for the first time in seven quarters. "I think what investors will be very enthusiastic about tomorrow is how much margin upside there was," FBR Capital Markets analyst Samad Samana...
Check out the companies making headlines after the bell Wednesday: Williams-Sonoma, Salesforce, NetApp & more.
May 20- Salesforce.com Inc, the subject of takeover speculation for the past few weeks, raised its revenue forecast for the full year, after the cloud software company reported a profit for the first time in seven quarters. Bloomberg reported last month that Salesforce had been approached by a potential buyer. SAP, along with Microsoft Corp, Oracle Corp and IBM,...
SAN FRANCISCO _ Salesforce.com Inc. on Wednesday reported fiscal first-quarter net income of $4.1 million, after reporting a loss in the same period a year earlier. Seventeen analysts surveyed by Zacks expected $1.5 billion. For the current quarter ending in July, Salesforce.com expects its per-share earnings to range from 17 cents to 18 cents.
May 20- Cloud software company Salesforce.com Inc, the subject of takeover speculation for the past few weeks, reported a 23 percent jump in quarterly revenue, helped by an increase in demand for its web-based sales and marketing software. The company reported net income of $4.1 million, or 1 cent per share, in the first quarter ended April 30, compared with a loss of...
The cloud computing company—which has been the recent focus of takeover rumors—saw revenue rise 23 percent year over year.
There has been a lot of speculation about Salesforce as an acquisition target but bulls say to stick with the stock.
Salesforce.com reports earnings after the bell on Wednesday, and some are betting the stock will rise, well, to the clouds.
*Yahoo up after sharp selloff on Tuesday. *Pep Boys up after report of takeover approach. May 20- Wall Street was set to open little changed on Wednesday with investors cautious ahead of the release of minutes from last month's Federal Reserve meeting, which is expected to shed light on when interest rates will be hiked.
Some of the names on the move ahead of the open.
May 20- U.S. stock index futures were slightly higher on Wednesday, a day after the Dow closed at a record high for the second straight day and ahead of the release of minutes from last month's Federal Reserve meeting. The minutes are expected to be released at 2:00 p.m. ET. *A rate hike is not likely to be appropriate until early 2016, Chicago Fed President Charles...
MANNHEIM, Germany, May 20- German software company SAP's chief executive once again ruled out any move to acquire Salesforce.com, then went further by saying that its richly valued rival is unlikely to be acquired by any other player in the industry. Microsoft, Oracle, IBM and SAP have all been touted as potentional buyers of Salesforce, which last month said it had...
Investors bought upside calls in Salesforce.com for June. Insight, with "Fast Money" trader Dan Nathan.
The investment marks another way enterprise software companies aim to capture the nearly $600 billion market that this sector of tech offers.
Wednesday's Fed minutes along with housing data might cause turbulence.
Next week's Fed minutes along with housing data might cause turbulence.
“Mad Money” host Jim Cramer streamlines his take on this hot stock.