Another poster noted that Yahoo's Key Stats page is full of problems. For instance , the "prior period shorts" number right now for CRM says 43,000 (43K) , as of March 2005. Well true enough, March 2005 is a "prior period".
Anyhoo, one hopes the WSJ pages are better. It shows that short interest declined a good bit, 4.5%, from April 29 to May 13, whcih was a flattish period, down-then-up. The next round of figures should be interesting, since the stock price is up about 10% in a straight line since May 13. One must imagine that there was some covering since May 13.
The media are full of upgrades and positive opinions of CRM from the nabobs. (We on this board are distinctly sub-nabob.) CRM is at its all-time highs. According to GuruFocus, short interest has been dropping since Jan 2013, and it is at the lowest levels since 2005.
I expect renewed shorting after the next negative news. And the oscillators show it is in overbought territory. So I am waiting to buy back what I sold.
because CRM hit an alltime high! Thats because, and by my rules, i have to sell half and try to rebuy lower. Got 83.10 for it . Still overweight long.
Youngsters: "Had to Cry Today" is a song by Blind Faith. Blind Faith was a super-group ... oh, never mind.
You insist on using GAAP numbers, so you should say y/y earnings growth is 500% for the quarter.
Also, Salesforce has achieved the fastest growth ever for an enterprise software industry. That makes their growth exceptional, or rather, utterly unique. Trying to pooh-pooh their growth is illogical.
Sold some (including my pre-market all-in buy) at 82.40 . Still my largest holding. Didn't see the squeeze i expected though. Shorts have been covering for a while it seems; the remaining ones likely will never learn.
11.6 billion of deferred and unbilled business. Fastest growth in history of enterprise software. Do you believe yet? 11 minutes before the shorts get the squeeze of their life.
incredible rapid growth is never cheap. $83 after hours - all time highs - we could easily see a short squeeze in the AM.
Other companies can account for revenues that way. Salesforce subscriptions are prepaid, so that would be impossible. It appears that you have never purchased from Salesforce.
An amazing record of organic growth as well as successful acquisitions and successful venture investments.
Amazon Web Services doesn't have any SaaS products. Salesforce revenues are SaaS (and services), the platform mostly "comes with". So they aren't direct competitors.
Seems to be a new slogan for one of their series of industry-specific solutions. It is dizzying to track the number of new products and solutions that this company produces. Health. Government. Communications. Internet of Things. Predictive analytics. Financial services.
i remember when i used to work on Tuesdays. Picked morels yesterday (the old job was way easier than that!). Today, selling some of those new-bought shares....if i can bear to part with them.
Trend into earnings looks strong to me. I expect a repeat of last time, with a small beat over guidance and estimates, a small bump in guidance, and good news across a broad line of products. (For instance, the 600 million of government biz was mostly ignored in the press; they might mention it once or twice.) All this should yield a pop to $80.
Thank goodness they have almost no exposure to China!
i am already laughing : at the idiot who keeps posting this nonsense. Salesforce has real customers, real revenues, real money, real growth, and a rapidly growing stable of products, not a bunch of shadowy accounting tricks like Enron.
Boy, what a lot of .... naive ... questions. I doubt you are as ... lacking in knowledge .... as your post indicates. But for the newbies and students: Revenues are money received for services that has been delivered. Deferred revenue is money prepaid for service not yet delivered; it becomes revenue over time as the service is delivered.
Deals may be cancellable, the terms of the deals are not public. But, the money has been paid already, and normallly, cancellations involve penalties - which will be paid, since the money is already in the bank.
In any case, here's a fact to think about instead of your speculative questions: almost nobody cancels, and almost everybody re-subscribes to Salesforce.
Selling expense is inflated because stock is used as compensation, and the stock keeps increasing in value, which increases the "expense" under GAAP. But also, Salesforce pays people more than anyone else. And, they lease expensive office space in San Francisco instead of building their own space on cheap land like IBM does.
IMO, paying people well makes sense, but overpaying doesn't, and the rest of the their cost structure is too high. They should buy some of IBM's disused territories.
lol, that idiot has nothing to say.
MB owns more than ever, and has sold a tiny part of it steadily for many years.
Organic growth is huge and acquisitions are strategic. The recent one is so tiny it hardly matters, when revenues are $8 billion and rising 25% y/y.