Analysts polled by Thomson Reuters are looking for the daily deals company to post earnings of 3 cents per share on $573.13 million in revenue.
Salesforce.com (CRM) landed its "largest transaction in its history," according to Piper Jaffray analyst Mark Murphy in a research note on Monday."This may help to explain why CEO Marc Benioff described the Q2 pipeline as 'unlike anything we've ever seen in size and scale' in May," wrote Murphy, who maintained his "overweight" rating and $207 price target. "The unprecedented cluster of multi-year mega-deals for Salesforce.com likely signifies a changing of the guard in the enterprise software industry, as the disproportionate winner of the Cloud War exerts even greater industry-wide dominance," Murphy wrote in his note. Shares of the enterprise cloud computing company rose 4.19% to $145.70 on Monday. Research In Motion (RIMM) shares suffered on Monday, falling 2.17% to $8.11, on rumors that the BlackBerry maker will lay off 3,000 workers next week. The company announced plans to reduce its workforce by roughly 30%, alongside first-quarter earnings released in June. In similar news, Google (GOOG) said it will cut 20% of the work force at Motorola Mobility, a cellphone maker it purchased in May, in an effort to return the unit to profitability. Shares of the Internet giant climbed 1.98% to $654.69 on Monday. --Written by Nathalie Pierrepont in New York. >To submit a news tip, send an email to: email@example.com. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices. >Contact by Email. Follow @nrpierrepont
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