Salesforce's Shares Drop On Missed FY Guidance, Analyst Recommends Focus On Bookings

Salesforce Inc CRM shares tanked in early trading on Thursday, after the company reported its fourth-quarter results.The results came in amid an exciting earnings season. Here are some key analyst takeaways.Needham On SalesforceAnalyst Scott Berg reaffirmed a Buy rating and price target of $400.Salesforce reported fourth-quarter revenue of$10 billion and $1.75 per share, Berg said in a note. Total revenue grew by 7.6% year-on-year, 9% in constant currency terms, with subscription revenue growing 8%, he add ...