Thursdayit raised its 2010 outlook, and now expects earnings of 60 cents to 61 cents on revenue of $1.27 billion to $1.28 billion. Analysts polled by FactSet Research currently expect earnings of 60 cents and revenue of $1.27 billion.
Piper Jaffray & Co. upgrades salesforce.com to Overweight. Price target $47 to $65.
Piper analyst says, "We are upgrading CRM because we believe that 1) a temporary period of downward revenue revisions has concluded; 2) billings growth likely bottomed last quarter at +10% y/y; 3) CRM remains the best long-term play on one of the largest-ever shifts in technology, from on-premise to Cloud-based On Demand systems; and 4) powerful uptake of Force.com and Service Cloud offerings can fuel rapid growth as the economy recovers."
The stock is currently trading at $53.31 moved up about 15.46% on over 5.41 million shares.
About Salesforce.com, Inc.
Salesforce.com, inc. is a provider of software on demand. The Company provides customer relationship management (CRM) service to businesses of all sizes and industries worldwide. The Company also provides a technology platform for customers and developers to build and run business applications. Approximately 55,400 customers worldwide use salesforce.com to manage their customer, sales and operational data.
Penny Stock Pick Report alerts its members on stocks that could generate higher than average returns. These include stocks with huge volume, penny stocks that are moving to the upside quickly, penny stocks with buy signals and companies with news. Our alerts are well known for producing incredible results in a short amount of time and our members have made outstanding profits of over 100%.
www.pennystockpickreport.com is a leading stock web site that provides free alerts on stocks that are poised to make big gains. Penny Stock Pick Report also tracks small cap penny stocks that could be on the brink of a massive breakout. To feature a company on our web site, please contact us at info@WePickPennyStocks.com
Penny Stock Pick Report is an independent electronic publication that provides information on selected publicly traded companies. Penny Stock Pick Report is not a registered investment advisor or broker-dealer. Penny Stock Pick Report affiliates, officers, directors and employees may buy and sell additional shares in any company mentioned herein and may profit in the event those shares rise in value. Please do your own Due Diligence before investing in any of the stocks mentioned above.
Thank you for your interest in Findit News. A member of the Findit News team will contact you soon to show you how you can take your marketing to the next level with press releases on Findit.
