Salesforce.com, inc. (NYSE:CRM) earnings up 25% y-o-y

20 May, 2017, 00:25 | Author: Celia Hoffman
  • Salesforce posts Q1 loss but raises outlook

Are investors supposed to sell when the stock hits the target? Analyst's mean target price for the firm is $19.50 while analysts mean recommendation is 3.00.

A number of equities analysts recently commented on the stock.

Salesforce (CRM) beat across the board in its first quarter earnings reported after the close on Thursday, causing shares to rise 1.7% to $89.29 on Friday morning. About 2,805 shares traded. salesforce.com, inc. A 1 rating would signify a Strong Buy. Stocks with higher EPS growth rates are generally more preferred by investors than those with slower earnings-per-share growth rates, though in general high growth rates have a propensity to revert over the longer term to more even growth rates.

Following trading activity for Salesforce.com, inc.(NYSE:CRM), we can see that the stock has moved onto today's list of most actives. Stock investors acquired 20,233 call options on the company. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. That compared with consensus estimates of $0.26 in EPS and revenue of $2.35 billion.

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For example, last year the company posted modest profits in all but one of its quarters, whereas in 2015/16 the biz was firmly in the red except for the first three months of the year. On average, equities analysts anticipate that salesforce.com, inc. will post $1.29 earnings per share for the current year.

Salesforce.com, inc.is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). (NYSE:CRM) has "Overweight" rating given on Friday, April 1 by Piper Jaffray. If you are accessing this report on another website, it was illegally stolen and republished in violation of worldwide copyright laws. The original version of this story can be read at https://transcriptdaily.com/2017/05/19/salesforce-com-inc-crm-earns-hold-rating-from-oppenheimer-holdings-inc.html. Also, Chairman Marc Benioff sold 10,000 shares of the firm's stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $82.00, for a total value of $820,000.00. Following the completion of the sale, the chief financial officer now directly owns 21,264 shares in the company, valued at approximately $1,718,981.76. The stock is flat in after-hours trading, down just under 1%. The disclosure for this purchase can be found here. The stock price decreased -0.10% or $0.09 versus $87.84 at the end of the prior session.

Hedge funds and other institutional investors have recently modified their holdings of the company. Despite heavy research and development investments in the first quarter, CFO Mark Hawkins still expects adjusted operating margins to expand between 125 and 150 basis points, roughly in line with our forecast. Vanguard Group Inc. now owns 43,880,907 shares of the CRM provider's stock worth $3,619,736,000 after buying an additional 1,956,427 shares during the last quarter. Currently, Discovery Communications, Inc.net profit margin for the 12 months is at 17.87%. (NYSE:CRM). Public Sector Pension Investment Board owns 166,546 shares. Total cash, cash equivalents and marketable securities finished the quarter at $3.22 billion. Jennison Associates LLC now owns 20,758,784 shares of the CRM provider's stock worth $1,480,724,000 after buying an additional 649,445 shares during the period. Looking at this figure it suggests that the shares of salesforce.com, inc. (NYSE:CRM) for 34,085 shares. Wedbush reiterated an "outperform" rating and set a $102.00 target price (down previously from $105.00) on shares of salesforce.com, inc.in a research note on Monday. Corporate insiders own 6.70% of the company's stock. The stock declined 0.27% or $0.24 reaching $87.16 per share.

The cloud CRM company has made a number of acquisitions in the past couple of years, with the likes of Demandware, while increasingly pushing its Artificial Intelligence technology Einstein across its product portfolio. The Company's service offerings are configured and integrated with other platforms and enterprise applications.

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