"We view any weakness as a buying opportunity" of the enterprise cloud computing and social enterprise solutions company, analysts said.
"Despite FX headwinds, CRM posted upside to revenue and earnings per share estimates. Billings missed expectations on a USD basis, but grew by 27% in constant currency, better than consensus of 26.3%. At a $6 billion run-rate, 27% year-over-year growth is impressive," analysts noted.
"[However] given the ongoing FX headwind, we are lowering our F2016 revenue estimate to $6.50 billion from $6.80 billion," analysts added.
Shares of Salesforce.com are down 4.18% to $58.47.
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."