NEW YORK (TheStreet) -- Shares of Salesforce.com Inc (CRM) are down 2.83% to $60.70 in early market trading Wednesday, ahead of the company releasing its third quarter fiscal year 2015 earnings results after the market closes today.
Salesforce is expected to post earnings of 13 cents per share, up from 9 cents per share in the same quarter a year ago.
Analysts are expecting the company to post revenue of $1.37 billion for the quarter, up from the $1.08 billion it reported last year, representing a sales growth of 27.4%.
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Salesforce provides customer and collaboration relationship management applications through the Internet or the cloud, delivering its service through Internet browsers as well as mobile devices.
Separately, TheStreet Ratings team rates SALESFORCE.COM INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate SALESFORCE.COM INC (CRM) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and generally higher debt management risk."