Market Overview

What's Coming At Dreamforce 2015?

Share:
What's Coming At Dreamforce 2015?
  • Salesforce.com, inc. (NYSE: CRM)'s annual tech event called ‘Dreamforce' will take place September 15-18.
  • Speakers include CEOs from Salesforce, Microsoft, YouTube, Western Union, Cisco, Uber and more.
  • Analysts are mostly bullish heading into this year's event which may contain multiple announcements.

Salesforce has been hosting an annual technology event, named Dreamforce, since 2003 when it attracted just 1,300 attendees.

Salesforce saw its event surge in popularity over the years and has become an anticipated event for tech enthusiasts, users of the company's products and services, and the general investment community.

The company typically uses the event to introduce new products, including Salesforce LIVE which was introduced during the 2010 Dreamforce event.

Dreamforce 2015 is expected to be one of the largest tech events in the world with more than 15,000 attendees. Speakers at the event include Salesforce's CEO Marc Benioff, Microsoft CEO Satya Nadella, YouTube's CEO Susan Wojcicki, Cisco's CEO Chuck Robbins, Uber Technologies' CEO Travis Kalanick, among others.

Stephens: ‘The One Event To Rule Them All'

Alex Zukin of Stephens commented in a note that he is expecting the Dreamforce event to be "special" and should "dwarf prior events" in terms of announcements.

The analyst added that he had already predicted Salesforce is set to introduce a "new exciting IOT cloud," but the "most impactful" announcement for the current year will be the updated Lightning UI.

Zukin noted he has a scheduled meeting with Salesforce management on Monday and will update his findings later this week.

Brean Capital: Reiterate Buy Rating Ahead Of Event

Sarah Hindlian of Brean Capital reiterated a Buy rating and $86 price target heading into Dreamforce and "continue to recommend" that investor's own "this core software asset."

Looking forward to the event, Hindlian is expecting Salesforce's management to touch on four key topics including: 1) a new cloud that targets and manages customer data to smart and connected machines, 2) an update from Salesforce's Chief Financial Officer Mark Hawkins on the company's operating margin expansion efforts and long-term guidance, 3) an update on new marquis reference customer for Wave Analytics cloud and the new packaged Wave apps, and 4) new updates on vertical clouds.

Latest Ratings for CRM

DateFirmActionFromTo
Aug 2019MaintainsBuy
Aug 2019MaintainsBuy
Aug 2019MaintainsOverweight

View More Analyst Ratings for CRM
View the Latest Analyst Ratings

Posted-In: Alex Zukin Brean Capital Chuck RobbinsAnalyst Color Previews Analyst Ratings Tech Trading Ideas Best of Benzinga

 

Related Articles (CRM)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
IINDoughertyAssumes34.0
PNRJefferiesInitiates Coverage On
YYUBSUpgrades
ROKUOppenheimerMaintains155.0
IPHIBank of AmericaMaintains80.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

We've Reached 'Drone Inflection'

Worst Performing Industries For September 14, 2015