, inc. (CRM) Under Pressure From Oracle Corporation (ORCL)’s Cloud Services: Jonathan Marino


In a program on The Street, Jonathan Marino said that, inc. (NYSE:CRM) stock is not able to impress the investors as the company is suffering with its overall growth and market penetration. He said that the company’s stock went up just by 3% so far this year. This shows that, inc. (NYSE:CRM) is unable to make profits and the company might miss the analysts’ expectations in the quarter. Oracle Corporation (NYSE:ORCL)’s Cloud services are already depleting Salesforce’s market base., inc. (CRM) vision for Wearables at business

Marino said that Salesforce CEO and Chairman Marc Benioff dumped stock worth of millions of dollars recently. This also shows that the company might be in problems. But still, there are mixed reports and guesses from the analysts about, inc. (NYSE:CRM). Marino said that Morgan Stanley recently reiterated a positive rating for, inc. (NYSE:CRM) and this might be a good indicator in many bad ones for the company., inc. (NYSE:CRM) will release its quarterly report around November. The company might face intense pressure from its investors and shareholders in the future. The Cloud growth and Software-as-a-Service business will throw many challenges towards, inc. (NYSE:CRM) as big players like, Inc. (NASDAQ:AMZN) and Oracle Corporation (NYSE:ORCL) are already coming up with new and innovative software solutions for the industry.

Marino said that, inc. (NYSE:CRM)’s revenue went up by three times as compared to its revenue in 2010., inc. (NYSE:CRM)’s current year reported revenue is around $4 billion.

Oracle Corporation (NYSE:ORCL) remains the biggest competitor of, inc. (NYSE:CRM). Recently, Oracle Corporation (NYSE:ORCL) launched its Data-as-a-Service Cloud layer and claimed that its Cloud services are beating every other player in the market.

Philippe Laffont‘s Coatue Management is one of the shareholders of, inc. (NYSE:CRM) having approximately 3.65 million shares of the company, according to its latest 13F filing. Donald Yacktman‘s  Yacktman Asset Management owns 27.71 million shares of Oracle Corporation (NYSE:ORCL).

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