Salesforce.com CRM, is the market and technology leader in on-demand business services. Salesforce is benefiting from strong growth across its product portfolio. Rapid adoption of its diverse cloud offerings given the growing demand for digital transformation remains the key catalyst. Acquisitions have always been one of Salesforce’s key growth strategies. Over the last two years, the company has closed a number of takeovers worth a combined deal value of over $4 billion.Estimates have been stable ahead of the company's Q4 earnings release. The company has positive record of earnings surprises in recent quarters.
Cree, Inc. CREE, is a market-leading innovator and manufacturer of semiconductors that enhance the value of solid-state lighting, power and communications products. Over the past three months, the Zacks Consensus Estimate for CREE's full-year earnings has moved solidly higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.Our latest available data shows that CREE has returned about 22.03% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 10.98% on average. As we can see, Cree is performing better than its sector in the calendar year. Investors with an interest in Computer and Technology stocks should continue to track CREE.
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