salesforce.com (NYSE:CRM) issued an update on its FY 2020
After-Hours earnings guidance on Tuesday morning. The company provided EPS guidance of 2.89-2.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.86. The company issued revenue guidance of $16.99-17 billion, compared to the consensus revenue estimate of $16.9 billion.salesforce.com also updated its Q4 2020
After-Hours guidance to 0.54-0.55 EPS.
Shares of CRM traded up $0.57 during trading hours on Tuesday, reaching $161.57. 5,948,261 shares of the company traded hands, compared to its average volume of 4,380,141. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $142.85 billion, a PE ratio of 111.43, a price-to-earnings-growth ratio of 7.00 and a beta of 1.24. salesforce.com has a fifty-two week low of $120.16 and a fifty-two week high of $167.56. The stock has a fifty day simple moving average of $156.87 and a 200 day simple moving average of $153.38.
A number of analysts have recently issued reports on the company. Mizuho reaffirmed a buy rating and set a $195.00 target price on shares of salesforce.com in a research report on Thursday, November 21st. Jefferies Financial Group reissued a buy rating and issued a $195.00 price target (up from $171.00) on shares of salesforce.com in a report on Sunday, November 17th. Stifel Nicolaus upped their price target on salesforce.com from $185.00 to $195.00 and gave the company a buy rating in a report on Friday, August 23rd. OTR Global upgraded salesforce.com to a positive rating in a report on Thursday, August 15th. Finally, Monness Crespi & Hardt increased their target price on salesforce.com from $200.00 to $210.00 and gave the company a buy rating in a report on Friday, August 23rd. Three analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $187.31.
In other salesforce.com news, insider Parker Harris sold 620 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $143.68, for a total value of $89,081.60. Following the completion of the transaction, the insider now owns 32,034 shares of the company’s stock, valued at approximately $4,602,645.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Marc Benioff sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $153.25, for a total transaction of $766,250.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 206,671 shares of company stock valued at $31,877,449. Insiders own 5.50% of the company’s stock.
salesforce.com Company Profile
salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.
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