Salesforce Analysts Remain Bullish Despite Guidance Cut [TheStreet.com]
Salesforce, Inc. (CRM)
Last salesforce, inc. earnings: 2/25 04:06 pm
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Source: TheStreet.com
Shares of Salesforce.com(CRMGet Reportafter the company reportedThose results topped analyst consensus estimates of revenue of $4.85 billion and earnings of 65 cents per share.However, for the July quarter, Salesforce is guiding for revenue of $4.89 billion to $4.9 billion with earnings between 66 cents and 67 cents per share. Analysts are expecting revenue of $5.04 billion and earnings of 74 cents per share. And the company cut its guidance for fiscal 2021 revenue from a range of $21 billion to $21.1 billion down to about $20 billion, and EPS from a range of $3.16 to $3.18 down to $2.93 to $2.95.Shares were falling 3.4% to $175.00 in pre-market trading.The analyst community remains undeterred, however.Deutsche Bank (Buy, $195 PT unchanged)Relative to management's strong tone and language on pipeline activity thus far, the guide appeared uninspiring, especially in comparison to the surprisingly better outlook from Workday.Although, we feel that Salesforce is de-risking the model and
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CRM
Earnings
- 2/28/24 - Beat
CRM
Sec Filings
- 4/18/24 - Form 4
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- CRM's page on the SEC website