I came across an interesting offer on Craigslist today to sell 144 restricted stock for Etelos Inc. (OTCBB: ETLO), representing about 10% of the 23.05 million total shares outstanding. Since the stock is thinly traded with an average volume of less than 2,000 shares per day, the seller is looking to negotiate a block trade on his own and the ask price is generous at a 69% discount of the closing price today. Below is a summary and links for the listing, followed by a summary of the company.
Unlike rivals such as Amazon.com (AMZN), Salesforce.com (CRM), and Google (GOOG), Etelos (OTCBB: ETLO) is offering developers a way to move their LAMP-based software to the cloud with little modification needed. Etelos also has services for helping developers sell, license and scale Web applications. Platform-as-a-service providers [PAAS], such as Salesforce.com, Amazon.com and Google, offer developers a means of coding their applications and allowing a provider in the cloud to not only handle the details of hosting
When one listens to the upbeat tone of Salesforce.com’s (CRM) management on the Q2 conference call, one is surely bewildered by the street's reaction - a 15% haircut. After all, the company made their revenue and EPS numbers- what’s the fuss about?
Well let me clarify. Yes, they even eclipsed the street revenue forecast ($263.1m vs. the street’s $261m, a yoy leap of 49%) and reaffirmed their fiscal 09 targets (before the acquisition; by the way, how a $34m acquisition shaves 10% off EPS for an $8 billion company is a subject for another day).
Salesforce.com, Inc. (CRM) reports earnings Wednesday after the market closes. At this point the consensus expectations are for revenues of $260 million and earnings of 8 cents per share. But regardless of what the company reports for the second quarter, investors of all kind will be paying much more attention to what type of guidance [...]
SALESFORCE.COM ( CRM ) Market Cap: $7,700 million Software 500 Rank: 109 Salesforce.com has been successful providing “software on demand” to a wide range of business customers. During fiscal 2007, Salesforce had 1.1 million subscriptions for their Force.com on-demand platform.
Except for a down-move during the first half of 2006, the stock has been in a steady uptrend for more than 3 years, rising from less than $10 to a recent high of $75.21.
However, as with many software stocks, there is always the risk that expectations could greatly exceed future results.
It has been known since the early days of management that consumerism is what drives capitalism. For any business, you provide a service which provides a utility for the individual who is seeking some form of satisfaction—either through the beauty of the brand [Ferrari] or, in Salesforce’s (CRM) case, the satisfaction of starting your own company at a low cost.
5/22 - "We advise investors to wait for a better entry point before buying CRM shares. We are primarily concerned with CRM’s valuation, although we have concerns regarding the macro-economic environment as well."
"We do not know if the sequential decline in deferred revenue reflects increasing seasonality or a potential deterioration in the business....deferred revenue declined sequentially for the first time since CY 2002. We have previously written that for subscription vendors, Q1 revenue could stem from implementations of bookings signed as far back as Q1/Q2 2007, with Q2 guidance stem...
5/22 - "We believe over the long term, Salesforce.com, Inc. (CRM), which consistently beats Wall Street expectations, will emerge as the leader in a potentially huge market for on-demand software. The business-software maker has had strong traction in the larger enterprise market and has partnered with Google (GOOG) to serve small businesses...A steady and gradual improvement in large deals, including recent ones like Accenture (ACN) and Merrill Lynch (MER), already brings the company higher revenue visibility than its peers."
"Traditionally, leading software providers trade in a range of ...
5/22 - "Salesforce.com (CRM) is the thing you’ve been waiting for: a play on Web 3.0.
At least, that’s the way Jefferies & Co.’s Ross MacMillan sees it. He raised his rating on the stock today to Buy from Hold, and upped his price target to $77 from $49. The move comes one day after the company reported better-than-expected results for its fiscal first quarter ended April.
MacMillan contends that the company is morphing from the leader in on-demand CRM software to “a major provider of cloud computer infrastructure.” (Which is to say, Web 3.0.)."
Last month Zachstocks profiled Salesforce.com (CRM) as a potential short candidate in a volatile market. Since that time, the company came out with an earnings report that initially propelled the stock higher. The company grew revenues to $217 million for the fourth quarter ending January 2008. This was 50% above year [...]
1. Google just got done completing a deal w/ Salesforce, why bother if they were negotiating a purchase of entire company anyway?
2. Google doesn't need CRM. CRM's business has nothing to do with search, and is built on top of Oracle databases, whereas Google's entire portfolio is built on BigTable "database". There's no synergy with owning CRM, frankly it would be a distraction to mgt.
3. CRM isn't cheap. Yes, everyone follows cashflow multiples with CRM, but is that really an accurate portrayal of earnings? Still have never seen a convincing argument that cashflow is a b
Last month Zachstocks profiled Salesforce.com (CRM) as a potential short candidate in a volatile market. Since that time, the company came out with an earnings report that initially propelled the stock higher. The company grew revenues to $217 million for the fourth quarter ending January 2008. This was 50% above year [...]
Although I was a finance grad, I'm not using any of it as this is without 100% confident salesforce.com's business model. It's based purely on word-of-mouth from folks who see this as a new wave of Customer Rel'p Mgt, which can drive down costs and drive up profits.
If this company can pick up as much B2B business as other investors are hoping for and my friends continue to pound the table about, this stock is in a move to be quite big among HR. After all, any innovation that can drive down CRM costs is huge.
I'm only worried about the share being called CRM.
Earnings growth?
- With p/e 3,500 and TTM EPS of 1 cent what kind of YoY earnings CRM should produce in the next few years to justify this insanely high valuation? Todays
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