168.43 -0.10 (-0.06%)
After hours: 4:21PM EDT
|Bid||168.44 x 800|
|Ask||169.38 x 800|
|Day's Range||164.47 - 168.81|
|52 Week Range||92.01 - 173.37|
|Beta (3Y Monthly)||0.92|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Tableau Software Inc NYSE:DATAView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for DATA with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding DATA are favorable, with net inflows of $2.03 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
As the arms race among the software and cloud-computing giants accelerates, Citigroup outlines the next seven most likely M&A targets.
The deal comes as competitors such as Amazon, Google, and Microsoft are bundling programs to offer corporate clients broader services.
A prominent research firm came out today and cut numbers for FedEx, and lowered its price target. To me that's a file away -- meaning that the worst may at least be over at FedEx, and the stock's now able to bounce on bad news.
Tableau agreed to sell itself to Salesforce for more than $15 billion, and its engineers can't "wait to pop the hood" to discover what it can start selling to its customer base, Selipsky said during Cramer's "Mad Money" show Tuesday. Once Salesforce's acquisition of Tableau is finalized, it will create "magic" with a "ton of possibilities," Selipsky said.
Hibbett, Texas Roadhouse, Salesforce, Tableau and Google highlighted as Zacks Bull and Bear of the Day
Oracle (ORCL) updates Retail suite of cloud-based services with Size Profile Science, in a bid to expand retail customer base.
Two hefty acquisitions by Google parent Alphabet and Salesforce in the exploding arena of Big Data appear to be expensive moves to shore up their competitive stances against an older but wiser software behemoth.
(Bloomberg) -- Salesforce.com Inc., which makes America’s dominant sales-tracking software, agreed to buy Tableau Software Inc. in an all-stock deal valued at $15.3 billion that it said will help give customers more ways to analyze data.The takeover will mark Salesforce’s largest deal to date, according to data compiled by Bloomberg. Co-Chief Executive Officers Marc Benioff and Keith Block have been chasing new markets to reach an annual revenue goal of as much as $28 billion by fiscal 2023. Benioff has helped Salesforce increase revenue at a rapid clip by acquiring more than 60 companies in 20 years.The deal, if approved, would be "absolutely transformative" for Salesforce, Wedbush Securities analyst Steve Koenig said. The acquisition further intensifies Salesforce’s rivalry with Microsoft Corp., Koenig said. "This adds more urgency for public cloud vendors to lead the analytics market into a new era."Read more about Benioff’s unique approach to acquisitions.Tableau will remain headquartered in Seattle and will continue to be led by CEO Adam Selipsky, a former Amazon.com Inc. executive who has been transitioning Tableau’s software tools to cloud-based subscriptions. With Tableau, Salesforce will be able to help companies tap into data they have, make smarter decisions and boost innovation. IDC projects worldwide spending on technologies and services that enable digital transformation to reach almost $2 trillion in 2022, according to a statement from the companies Monday.Tableau software quickly turns raw data into easily understandable dashboards and charts. The company has been broadening its product line to include data cleanup and machine learning tools, enabling it to compete in the wider data-warehousing business. It has more than 86,000 customers, including Verizon Communications Inc. and Netflix Inc.“Tableau helps people see and understand data, and Salesforce helps people engage and understand customers,” Benioff said. “It’s truly the best of both worlds for our customers.”The deal comes after Alphabet Inc.’s Google agreed to buy Looker Data Sciences Inc. for $2.6 billion last week, a move to expand Google’s offerings for managing data in the cloud.Each share of Tableau Class A and Class B common stock will be exchanged for 1.103 shares of Salesforce common stock, the companies said. The deal price represents premium of 42% to Tableau’s closing price on Friday. Salesforce shares were down 4% at 9:56 a.m. in New York while Tableau gained 37%.Salesforce shares are lower on the news because the deal likely stokes concern that the company can no longer sustain growth on its own and is having to buy it, said Wedbush’s Koenig. He rates the stock outperform.San Francisco-based Salesforce sees the deal cutting its full-year adjusted earnings per share outlook by 20 cents to 22 cents to $2.68 to $2.70 a share. The company revised those figures in an updated filing published Wednesday. Bank of America Merrill Lynch is serving as exclusive financial adviser to Salesforce and Goldman Sachs is serving as exclusive financial adviser to Tableau. The deal is expected to close during Salesforce’s fiscal third quarter ending Oct. 31.(Company corrects guidance numbers in last paragraph, according to an updated filing.)\--With assistance from Olivia Carville.To contact the reporters on this story: Giles Turner in London at email@example.com;Yueqi Yang in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Giles Turner at email@example.com, Molly Schuetz, Nate LanxonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Salesforce.com Inc. on Wednesday issued a series of "corrections" around the forecast it issued for its recently announced acquisition of Tableau Software Inc. . The company said it expects the deal to reduce fiscal 2020 adjusted earnings per share by 20 cents to 22 cents, rather than the 37 cents to 39 cents that Salesforce told investors to expect at the time of the deal announcement. Salesforce now expects fiscal 2020 adjusted EPS of $2.68 to $2.70, not $2.51 to $2.53. The new estimates reflect a fully diluted share count of about 840 million, instead of 900 million. Salesforce shares are up 0.5% in premarket trading Wednesday and they've climbed 10% so far this year, as the S&P 500 has gained 15%.
People are often better able to process large amounts of data visually than in other ways, and the insights from those visuals are worth serious money.
What was Salesforce supposed to do? Was it supposed to buy $1 billion companies? Was it supposed to find unicorns and buy them? No, it had to buy at scale. It had to buy something that would move the needle, something that made it so customers could rely on the entire suite of offerings Salesforce had.
The endless rally needs fuel, and without it, you end up with what you got Tuesday, a soggy session that was hit from the cloud, Beyond Meat's chill, and big merger uncertainties.
The massive volumes of information being generated and used by businesses today for informed decision making have fueled the booming business of data analytics and Big Data companies.
Of the three "cornerstones" or steps to succeeding in a digital transformation, Salesforce has completed the first two, Benioff said during a "Mad Money" interview. The first step is to focus on the customer, and Salesforce is "better than anyone else" in this regard, the CEO said.
Companies like Salesforce (CRM) can see the burgeoning demand for big data and the analytics involved. They are planting their stake deep in the foundation of the industry no matter the cost.
Salesforce.com agreed to buy big data firm Tableau Software for $15.3 billion in an all-stock deal. This has put the spotlight on ETFs having large exposure to Salesforce.
The company’s $15.7 billion acquisition of data analytics company Tableau Software marked its largest deal to date — but there may be an even bigger one on its radar screen.