don't fight the mkt. look at TSLA, still has to make profit but as rev. grows the stock ran upto 167 in three months. CRM might restart rev. growth from next qtr. as they made steal in the deal with ORCL. even if they miss this qtr. their guidance would be pretty strong, personally they might even beat as have all soft. companies, like VMW FFIV CTXS...just a trend I feel.???
TSLA is a newer, hotshot company that will settle down someday. TSLA has a consumer product with a following. It's acceptable for new companies with big promises to not have GAAP earnings. CRM isn't a start-up. It's a 13 year old company with growing expenses and with the dilution of the extra shares issued which leach from the value of each share. TSLA is at the point of great promise. Whether it happens within the next few years is yet to be seen.
CRM extends the time and cost while diluting public stockholders in order to give company executives stock for little or no money that can be sold at market prices to the public. Of course, more shares of stock are issued periodically in order to pass out these "equity awards." Of course it's common for insiders to receive stock, but CRM executives are receiving many of these shares instead of cash pay and bonuses while there are no GAAP earnings. It's when insiders sell some (or in some cases most) of the shares, the company shows cash flow even though the only cash that flows is into the pockets of insiders.