赛富时(CRM.US)盘前跌4%报184美元。消息上，赛富时公布的26年第四季度营收为112亿，超过了市场 普遍预期的111.8亿。根据Benzinga Pro的数据，调整后的每股收益为3.81，高于预期的3.04。 公司首次发布2027财年全年营收预期，预计为458亿美元至462亿美元，同比增长10%至11%（按固定汇 率计算），其中Informatica的贡献约为3个百分点。基本符合分析师的预估，但未能打动投资者。新财 年营收展望不温不火，加剧了投资者对于这家客户管理软件巨头在人工智能（AI）时代可能被新竞争 对手抢走市场的担忧。(格隆汇) | CRM 塞富时 | | | | --- | --- | --- | | 191 750 ↑ +6.330 +3.41% | | 收盘价 02/25 16:00 美东 | | 184.000 ↓ -7.750 -4.04% | | 盘前价 02/26 04:06 美东 | | 三 71 24 华 S 9 日 ♥ 自选 | | ● 快捷交易 | | 最高价 192.600 | 开盘价 183.000 | 成交量 2187.51万 | | 最低价 182.261 | 昨 ...

Salesforce新财年营收展望不温不火，加剧了投资者对于这家客户管理软件巨头在人工智能（AI）时代 可能被新竞争对手抢走市场的担忧。 Salesforce周三盘后公布财报称，截至2027年1月财年的营收预计约为460亿美元，基本符合分析师的预 估，但未能打动投资者。 Salesforce周三在纽约收报191.75美元，盘后交易下跌约5%。彭博行业研究分析师Anurag Rana指出，该 公司的业绩展望可能不足以缓解投资者对于人工智能颠覆性影响的担忧。 Salesforce已成为华尔街担忧AI冲击传统软件厂商的"典型案例"。过去一年，该公司股价下跌约37%，投 资者担心AI将降低开发竞品的门槛，并削弱Salesforce的定价能力。 该公司表示，预计今年下半年将出现"内生增长重新加速"。首席执行官Marc Benioff在声明中称，公司 正稳步迈向在2030财年实现630亿美元年度营收的目标，高于华尔街预计的603亿美元。 Salesforce已成为华尔街担忧AI冲击传统软件厂商的"典型案例"。过去一年，该公司股价下跌约37%，投 资者担心AI将降低开发竞品的门槛，并削弱Salesforce的定价能力。 S ...

Core Insights - Workiva (WK) reported quarterly earnings of $0.78 per share, exceeding the Zacks Consensus Estimate of $0.68 per share, and showing significant growth from $0.33 per share a year ago, resulting in an earnings surprise of +15.56% [1] - The company achieved revenues of $238.94 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 1.67% and increasing from $199.89 million year-over-year [2] Financial Performance - Workiva has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong financial performance [2] - The company's shares have declined approximately 32.6% since the beginning of the year, contrasting with the S&P 500's gain of 0.5% [3] Future Outlook - The future performance of Workiva's stock will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] - Current consensus EPS estimate for the upcoming quarter is $0.40 on revenues of $238.98 million, and for the current fiscal year, it is $2.14 on revenues of $1.02 billion [7] Industry Context - The Internet - Software industry, to which Workiva belongs, is currently ranked in the top 36% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Workiva's stock performance [5]

分组1 - PTC Inc. reported quarterly earnings of $1.92 per share, exceeding the Zacks Consensus Estimate of $1.59 per share, and showing an increase from $1.1 per share a year ago, resulting in an earnings surprise of +20.47% [1] - The company achieved revenues of $685.83 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 7.43%, and up from $565.13 million year-over-year [2] - PTC Inc. has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance [2] 分组2 - The stock has underperformed the market, losing about 14.3% since the beginning of the year, while the S&P 500 has gained 1.1% [3] - The company's earnings outlook is crucial for future stock performance, with current consensus EPS estimates at $1.96 for the coming quarter and $7.80 for the current fiscal year [4][7] - The Computer - Software industry, to which PTC Inc. belongs, is currently ranked in the top 37% of Zacks industries, suggesting a favorable environment for stock performance [8]

Core Insights - ACI Worldwide reported quarterly earnings of $1.09 per share, exceeding the Zacks Consensus Estimate of $0.99 per share, and showing an increase from $0.97 per share a year ago, resulting in an earnings surprise of +10.10% [1] - The company achieved revenues of $482.36 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 3.16% and up from $451.75 million year-over-year [2] - ACI Worldwide has consistently surpassed consensus EPS and revenue estimates over the last four quarters [2] Financial Performance - The earnings surprise of +10.10% indicates strong performance relative to expectations, while the previous quarter also saw a significant surprise of +29.63% [1] - The company has reported a total revenue increase of approximately 6.5% year-over-year [2] Stock Performance and Outlook - ACI Worldwide shares have declined about 7.1% since the beginning of the year, contrasting with the S&P 500's gain of 15.6% [3] - The current consensus EPS estimate for the upcoming quarter is $1.07, with projected revenues of $473.8 million, and for the current fiscal year, the EPS estimate is $2.90 on revenues of $1.74 billion [7] Industry Context - The Computer - Software industry, to which ACI Worldwide belongs, is currently ranked in the top 39% of over 250 Zacks industries, indicating a favorable industry outlook [8] - The performance of ACI Worldwide may be influenced by the overall industry trends, as the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]

Company Performance - Sapiens reported quarterly earnings of $0.34 per share, exceeding the Zacks Consensus Estimate of $0.32 per share, but down from $0.37 per share a year ago [1] - The earnings surprise for this quarter was +6.25%, following a previous surprise of +5.71% when earnings were $0.37 against an expectation of $0.35 [2] - The company posted revenues of $141.6 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.07% and up from $136.8 million year-over-year [3] Market Performance - Sapiens shares have increased approximately 9.8% since the beginning of the year, compared to a 9.6% gain in the S&P 500 [4] - The current consensus EPS estimate for the upcoming quarter is $0.35 on revenues of $148.8 million, and for the current fiscal year, it is $1.39 on revenues of $575.25 million [8] Industry Outlook - The Computer - Software industry, to which Sapiens belongs, is currently ranked in the top 30% of over 250 Zacks industries, indicating a favorable outlook [9] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Sapiens' stock performance [6]

Core Insights - ACI Worldwide reported quarterly earnings of $0.35 per share, exceeding the Zacks Consensus Estimate of $0.27 per share, but down from $0.47 per share a year ago, resulting in an earnings surprise of +29.63% [1] - The company achieved revenues of $401.26 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 5.44% and up from $373.48 million year-over-year [2] - ACI Worldwide has consistently surpassed consensus EPS estimates over the last four quarters [2] Financial Performance - The earnings surprise for the previous quarter was +54.55%, with actual earnings of $0.51 per share against an expected $0.33 [1] - The current consensus EPS estimate for the upcoming quarter is $0.91, with projected revenues of $446.9 million, and for the current fiscal year, the EPS estimate is $2.84 on revenues of $1.71 billion [7] Market Position - ACI Worldwide shares have declined approximately 18.8% since the beginning of the year, contrasting with the S&P 500's gain of 7.9% [3] - The Zacks Industry Rank places the Computer - Software sector in the top 35% of over 250 Zacks industries, indicating a favorable outlook for stocks in this sector [8] Future Outlook - The company's earnings outlook will be influenced by management's commentary during the earnings call and the trends in earnings estimate revisions [4][5] - ACI Worldwide currently holds a Zacks Rank 2 (Buy), suggesting that the shares are expected to outperform the market in the near future [6]

Group 1 - PTC Inc. reported quarterly earnings of $1.64 per share, exceeding the Zacks Consensus Estimate of $1.22 per share, and showing an increase from $0.98 per share a year ago, resulting in an earnings surprise of +34.43% [1][2] - The company achieved revenues of $643.94 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 10.57%, compared to $518.64 million in the same quarter last year [2] - PTC Inc. has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2][6] Group 2 - The stock has gained approximately 11.1% since the beginning of the year, outperforming the S&P 500's gain of 8.3% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4][7] - The current consensus EPS estimate for the upcoming quarter is $1.96 on revenues of $709.64 million, and for the current fiscal year, it is $6.09 on revenues of $2.49 billion [7] Group 3 - The Computer - Software industry, to which PTC Inc. belongs, is currently ranked in the top 21% of over 250 Zacks industries, indicating a favorable outlook for the sector [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5][6]

Investment Rating - The investment rating for Salesforce (CRM) is "Buy" (maintained) [1] Core Insights - In FY25Q4, Salesforce reported a revenue of $9.99 billion, a year-over-year increase of 7.6%, exceeding consensus expectations by 0.3%. Subscription revenue was $9.45 billion, up 8.0% year-over-year, but slightly below expectations by 0.7%. Net profit reached $1.71 billion, a year-over-year increase of 18.1%, surpassing expectations by 8.2%. The non-GAAP operating margin was 33.1%, an increase of 1.7 percentage points year-over-year [3][4][5] - The company's Remaining Performance Obligations (RPO) reached a record high of $63.4 billion, growing 11.4% year-over-year, exceeding expectations by 2.3%. The current RPO (cRPO) was $3.2 billion, up 6.4% year-over-year, also surpassing expectations by 1.4% [5] - Salesforce continues to strengthen its AI capabilities, with over 3,000 paid customers for AgentForce and more than 400 orders exceeding $1 million. The company signed a cloud computing partnership with Alphabet, allowing its customers to run CRM software on Google Cloud [4][6] Financial Performance - For FY2025, Salesforce's revenue is projected to be $37.895 billion, with a year-over-year growth of 8.7%. The non-GAAP net profit is expected to be $9.93 billion, reflecting a year-over-year increase of 22.8% [10][12] - The company has lowered its guidance for Q1 and the full year of FY26, expecting Q1 revenue between $9.71 billion and $9.76 billion, a year-over-year growth of 6%-7%, below market expectations of $9.91 billion. The full-year revenue forecast is $40.5 billion to $40.9 billion, a year-over-year increase of 7%-8%, also below market expectations of $41.5 billion [6][7] Valuation Metrics - The projected non-GAAP net profits for FY26, FY27, and FY28 are $10.678 billion, $11.904 billion, and $12.809 billion, respectively, with year-over-year growth rates of 7.5%, 11.5%, and 7.6%. The corresponding price-to-earnings (P/E) ratios are 27.5, 24.7, and 23.0 [7][10][12]