What Makes Salesforce.Com Inc (NYSE:CRM) Different?

May 20, 2017, 00:30
What Makes Salesforce.Com Inc (NYSE:CRM) Different?

Also, insider Alexandre Dayon sold 1,609 shares of the firm's stock in a transaction dated Monday, February 27th.

Analyst recommendations and estimates are for informational purposes only and should be used along with a number of other factors when considering an investment position.

Salesforce said it expected a full-year adjusted profit of $1.28 to $1.30 per share and revenue of $10.25 billion to $10.30 billion. Breaking those down we see that the ratings are as follows: 27 Strong Buy, 1 Rated Buy, 2 Rated Hold and 0 Rated Sell.

Salesforce.com, inc. (NYSE:CRM) delivered solid first quarter financial results after the bell Thursday. "Salesforce has once again been named the CRM market leader, and we continue to grow our share in CRM - the fastest growing enterprise software market".

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Stock has got outperform rating from no analyst of Thomson Reuters whereas 1 analyst given hold rating to the stock. Meanwhile, due to an ongoing pressure which caused a decline of nearly -4.17% in the past five days, the stock price is now down -8.92% so far on the year - still in weak territory. Investors bought 20,233 call options on the company. This is an increase of 165% compared to the typical daily volume of 7,630 call options. The CRM provider reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.02. Deferred revenue, which consists primarily of billings received in advance for subscription services, totaled $5.04 billion in the quarter. The firm had revenue of $2.39 billion for the quarter, compared to analysts' expectations of $2.35 billion. salesforce.com, inc. had a net margin of 2.60% and a return on equity of 2.40%. salesforce.com, inc.'s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.24 earnings per share. Using all the ratings on Salesforce.com Inc (NYSE:CRM), the mean sits at 1.17.

COPYRIGHT VIOLATION WARNING: "salesforce.com, inc". (NYSE:CRM) earned "Hold" rating by Wedbush on Friday, August 28. If you are accessing this story on another domain, it was stolen and reposted in violation of U.S. and worldwide trademark & copyright laws. Another trade for 989 shares valued at $80,588 was sold by Harris Parker. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

On 5/18/2017 Marc Benioff, Chairman, sold 10,000 with an average share price of $87.79 per share and the total transaction amounting to $877,900.00. Allanson Joe sold $48,700 worth of stock or 657 shares. The disclosure for this purchase can be found here.

Hedge funds and other institutional investors have recently modified their holdings of the company.

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After Salesforce reported its quarterly results Thursday, its shares climbed 1.8% to $89.40 in recent after-hours trading. State Street Corp now owns 26,765,636 shares of the CRM provider's stock worth $1,832,372,000 after buying an additional 1,756,272 shares during the period. Finally, Baillie Gifford & Co. boosted its position in salesforce.com, inc.by 1.0% in the first quarter.

GAAP diluted earnings per share is projected to be $0.00 to $0.01, while non-GAAP diluted earnings per share is projected to be $0.31 to $0.32. Two Sigma Advisers LP increased its position in shares of salesforce.com, inc.by 639.2% in the third quarter. It seems he is very active lately as in the last 30 days, he quietly sold additional 120,000 shares of the company, worth $10,516,932 Dollars.

Recent Insider Trading Activity For salesforce.com, inc. Following the transaction, the chief executive officer now directly owns 34,195,300 shares of the company's stock, valued at $2,806,408,271. Finally, Baillie Gifford & Co. raised its position in shares of salesforce.com, inc.by 1.0% in the first quarter. The firm has "Buy" rating given on Thursday, November 19 by Wunderlich. Moreover, A.R.T. Advisors Llc has 0% invested in the company for 40,300 shares. The correct version of this news story can be read at https://sportsperspectives.com/2017/05/19/salesforce-com-inc-crm-issues-fy18-earnings-guidance.html.

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.

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