Eh, NOW got a pop on their earnings but sold off some.
These guys probably don't report for about 3-4 weeks but with their reporting/accounting, i.e. deferred revenue they usually are in line and guide similarly so it's often how the crooks are positioned which causes the move.
Of course who knows what the market will look like by then. It seems like it's at a tipping point to either really tank or pop again. It does seem weak though.
There just isn't that much to prop up anymore. CRM has underperformed just about every stock in their space and all the indexes. Eventually performance does matter.
That is gross underperformance and at what risk? Down 8% yoy. Pretty pathetic all the while the CEO and his friends milk every little bit of cash out of the company. Call me a basher, but the statistics don't lie.
so, still haven't bought. salespeople I know do not want to spend a large part of their days & nights inputting data for analysis and report-generation by desk-sitting managers and execs...they want to do their jobs, without the incessant bullying from higher-ups who either think they are above it, don't have the personality to perform the sales job successfully, or find it entertaining to "manage the pipeline" by telephone & email vs. hitting the pavement to help out. imo, business hours are for working, not for "data gathering" in order for a software solution to be proven effective, or cost-efficient, right?
One cannot look at all the numbers that exist in the present and say anything useful about the proper value of CRM. If one ignores the future, one cannot discount value to the present.
Suppose, suppose, suppose! Suppose they slash equity awards to employees? Suppose they earn even 1 cent of real earnings? As the company operates now, might market forces and competition fuel increasing GAAP losses? It appears that some analysts ignore CRM rather than announce the results of their analysis. Is that the Wall Street way of saying "sell?" Has short covering held the stock price up to where it is? Is competition increasing?
FFIV's move after its report could be repeated by other stocks.
2019 - $15.7 billion revenue, and you think they will have 7 billion profit??? LOL
How many shares outstanding? 950 million?
That would put the share price about $74. Good luck holding on to this baby for the next 5 year.
Another stock that just hit an "air pocket" is FFIV. With FFIV, the drop didn't occur until the quarterly report.
Are IBM, FFIV, SNDK, etc.. omens of things to come for CRM?
It's in the bag like it always is. Deferred revenue gets booked and the growth curve stays on a relatively straight line, haven't you see the graph?
I think he simply looks at all the numbers and makes some assumptions and see what they spit out in addition to stating what level the company would have to grow at to be worth today's price.
In a normalized market, which we still don't have, many of the stocks he profiles will not hold up.
Fortunately for those long Momentum of former MOMO darlings we now have the ECB up in the QE money printing parade taking place around the globe. Many believe the US will be back in the QE business before the end of 2015 but we will see.
In some ways I regret not having any children because I like kids but I really wonder what the world will look like after building all the additional debt to get out of debt and spark the economy will truly look like.
I tend to think we have some ugly times in front of us.