NEW YORK (CNNMoney) -- It's a cloudy day for Salesforce's (CRM) investors as shares of the customer relations software company are down 9.5%.
Salesforce reported earnings a bit above consensus estimates and guided next quarter higher, but investors are worried about slowing organic growth that does not justify the current sky-high valuation.
On the other side of the performance spectrum is Aruba Networks (ARUN), which announced 44% revenue growth and raised earnings guidance for next year. Its stock advanced 2% on the news.
In other tech earnings news, Marvell Technology (MRVL) reported a 24% decline in earnings, but still managed to beat the Street's estimates by a smidge. Its shares advanced 7%.
These are some of the popular themes on StockTwits this Friday:
oktobernv $CRM - Salesforce trades for 732 times reported earnings, compared with 13 for the S&P 500 - Yea, that makes sense.
firstadopter $CRM JPM "Most troubling is that new biz growth declined to 12% per our calculations from 42% in JulQ after 5 straight Qs of >55% growth"
4C_Blue $CRM They think stock will go up 20pc every time they use the word "cloud" just like using the word ".com" ten years ago. Means the same thing
bearcreekzeke $ARUN Great business, taking share, expanding margins, analyst upgrades, +20% short interest, new Cisco VP. Here we go.
TrendRida I listened to $ARUN's CC. They are hitting on all cylinders & aren't being affected by the PIIGS...
Nils1975 $MRVL summary: HDD better than feared, flood causes adoption of newer tech and SSD ->both +ve for $MRVL (better margins + higher share)
Index | Last | Change | % Change |
---|---|---|---|
Dow | 32,627.97 | -234.33 | -0.71% |
Nasdaq | 13,215.24 | 99.07 | 0.76% |
S&P 500 | 3,913.10 | -2.36 | -0.06% |
Treasuries | 1.73 | 0.00 | 0.12% |
Company | Price | Change | % Change |
---|---|---|---|
Ford Motor Co | 8.29 | 0.05 | 0.61% |
Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
General Electric Co | 13.00 | -0.16 | -1.22% |
Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
Overnight Avg Rate | Latest | Change | Last Week |
---|---|---|---|
30 yr fixed | 3.80% | 3.88% | |
15 yr fixed | 3.20% | 3.23% | |
5/1 ARM | 3.84% | 3.88% | |
30 yr refi | 3.82% | 3.93% | |
15 yr refi | 3.20% | 3.23% |
Today's featured rates: