Headlines about salesforce.com, inc. (NYSE:CRM) have been trending positive recently, AlphaOne Sentiment reports. The research firm, a subsidiary of Accern, rates the sentiment of news coverage by monitoring more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. salesforce.com, inc. earned a news impact score of 0.26 on AlphaOne’s scale. AlphaOne also assigned news articles about the CRM provider an impact score of 83 out of 100, meaning that recent news coverage is very likely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have impacted AlphaOne’s rankings:
- salesforce.com, inc. (CRM) Earns “Outperform” Rating from Royal Bank of Canada (americanbankingnews.com)
- Shock And Awe Results By Salesforce – Seeking Alpha (seekingalpha.com)
- How to Trade Salesforce.com, Inc. (CRM) Stock After Earnings – Investorplace.com (investorplace.com)
- Cramer’s Exec Cut: Why these CEOs are bullish on American… (finance.yahoo.com)
- Edited Transcript of CRM earnings conference call or presentation 18-May-17 9:00pm GMT (finance.yahoo.com)
Several equities research analysts have weighed in on the company. Drexel Hamilton reaffirmed a “buy” rating and issued a $100.00 target price on shares of salesforce.com, inc. in a research report on Monday, May 15th. Vetr raised salesforce.com, inc. from a “hold” rating to a “buy” rating and set a $95.22 price target on the stock in a report on Monday, May 15th. Piper Jaffray Companies reissued an “overweight” rating and set a $100.00 price target on shares of salesforce.com, inc. in a report on Sunday, May 14th. BMO Capital Markets lowered their price target on salesforce.com, inc. from $100.00 to $92.00 and set an “outperform” rating on the stock in a report on Monday, May 15th. Finally, Wedbush reissued an “outperform” rating and set a $102.00 price target (down from $105.00) on shares of salesforce.com, inc. in a report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and forty-one have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $95.48.
Shares of salesforce.com, inc. (NYSE:CRM) opened at 87.40 on Friday. salesforce.com, inc. has a 12-month low of $66.43 and a 12-month high of $91.00. The company has a market cap of $61.83 billion, a P/E ratio of 336.15 and a beta of 1.42. The company has a 50-day moving average price of $85.62 and a 200-day moving average price of $79.03.
salesforce.com, inc. (NYSE:CRM) last posted its quarterly earnings results on Thursday, May 18th. The CRM provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.02. salesforce.com, inc. had a net margin of 2.60% and a return on equity of 2.40%. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the business posted $0.24 earnings per share. The company’s revenue was up 24.6% on a year-over-year basis. On average, analysts predict that salesforce.com, inc. will post $1.29 earnings per share for the current year.
In related news, Chairman Marc Benioff sold 10,000 shares of the stock in a transaction dated 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 transaction, the chairman now directly owns 34,195,300 shares of the company’s stock, valued at $2,804,014,600. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Susan Wojcicki purchased 1,224 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The stock was bought at an average cost of $81.68 per share, with a total value of $99,976.32. Following the completion of the purchase, the director now owns 25,554 shares of the company’s stock, valued at $2,087,250.72. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 1,007,585 shares of company stock valued at $84,292,293. Company insiders own 6.70% of the company’s stock.
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salesforce.com, inc. Company Profile
Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.
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