Cloud stocks are soaring as Microsoft and Salesforce show they’re willing to spend — here’s why

“You do have that multiple raise as a result of some of these larger deals,” said James Fish, an analyst at Piper Jaffray who covers software, networking and storage. Shareholders are asking, “If Cisco or Salesforce are willing to pay more than 10 times, why as an investor can’t I increase my outlook, as well?” he said.

Link: Cloud stocks are soaring as Microsoft and Salesforce show they’re willing to spend — here’s why
via http://www.cnbc.com

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