NEW YORK, NY / ACCESSWIRE / June 28, 2017 / Salesforce.com had some pretty optimistic praise this week from one of its biggest shareholders. Josh Spender believes the stock could double within the next three years. Though his sentiments towards the company were good, shares were pretty flat yesterday. FireEye suffered a small loss yesterday as more concerns grow over the ransomware cyber attack that's spreading across the world.

RDI Initiates Coverage on:

Salesforce.com, Inc.
https://ub.rdinvesting.com/news/?ticker=CRM

FireEye, Inc.
https://ub.rdinvesting.com/news/?ticker=FEYE

Salesforce.com, Inc. closed down a modest 0.49% yesterday but gained back practically all of that loss in after-hours trading. According to a major shareholder, shares of Salesforce could potentially double in the next three years. According to Josh Spender, a tech fund manager who spoke to CNBC, the company's stock has still a lot of "runway ahead of it." He said, "This is the biggest position in my fund. It's close to 15 percent of the fund right now, and I think it's got a lot of upside over the next several years." According to Spender, Salesforce has "fantastic top-line growth, a great management team, really well positioned across cloud software with a number of different clouds that they offer and they've just put up the numbers for so long." This week Suntrust Robinson Humphrey also initiated coverage on the stock and gave it a $110 price target. Shares have climbed 26 percent over the past six months.

Access RDI's Salesforce.com Research Report at:
https://ub.rdinvesting.com/news/?ticker=CRM

FireEye, Inc. closed down 1.66% on Tuesday and was among several cyber security stocks to see losses yesterday. A cyber attack is sweeping the globe. Yesterday Russia's biggest oil company Rosnoft confirmed it was facing a "powerful hacker attack" as well as Danish shipping and energy company Maersk. Maersk said on its website, "We can confirm that Maersk IT systems are down across multiple sites and business units due to a cyberattack." Kevin Johnson, the Chief Executive of cyber security firm Secure Ideas remarked, "Cyber attacks can simply destroy us. Companies are just not doing what they are supposed to do to fix the problem." Even U.S. pharma giant Merck had suffered attacks on its global offices. Shares of FireEye otherwise have been doing pretty well this year, gaining ~40% since March.

Access RDI's FireEye Research Report at:
https://ub.rdinvesting.com/news/?ticker=FEYE

Our Actionable Research on Salesforce.com, Inc. (NYSE: CRM) and FireEye, Inc. (NASDAQ: FEYE) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com