Due to negative move, the stock’s recent closing price is lower than its previous close of $79.83.
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There are now 677,500,000 shares in issue with a current share value of 79.42 giving Salesforce.com a market capitalisation of 53.81B Dollars.
Earnings Roundup: In the last fiscal quarter alone, salesforce.com, inc. generated almost $1.92B in sales and net income of $0.24/share.
Shares of Salesforce were traded down more than 5% at $75.18 Thursday morning, with a consensus analyst price target of $96.72 and a 52-week trading range of $52.60 to $84.48. The stock now has an average rating of “Buy” and a consensus target price of $92.22. The company stock was initiated at Outperform, wrote analysts at BMO Capital Markets, in a research note issued to clients on Wednesday June 15, 2016. The stock’s 50 day moving average price is $80.36 and its 200 day moving average price is $76.97. However, its EPS guidance for the third quarter was $0.21-0.22, below the $0.24 mean estimate the consensus has held.
Salesforce reported adjusted earnings of 7 cents per share, which beat the Zacks Consensus Estimate by 2 cents and marked growth of 40% year-over-year. The firm’s quarterly revenue was up 25.0% compared to the same quarter a year ago. During the same period past year, the business earned $0.19 earnings per share.
Looking ahead, CRM forecast Q3 earnings to range from $0.20 to $0.21 per share, which would miss analysts’ view of $0.24.
Several hedge funds recently added to or reduced their stakes in the stock.
Salesforce displayed continued growth in its 2017 second quarter financial results.
App Cloud offers strong identity- and access-management features, nicely insulates developers from infrastructure concerns and provides a rich environment for developing mobile apps, Forrester said. Norges Bank acquired a new position in Salesforce.com during the fourth quarter valued at about $326,988,000. Hollencrest Securities LLC now owns 3,229 shares of the CRM provider’s stock worth $256,000 after buying an additional 29 shares during the last quarter. Finally, Teachers Advisors Inc. raised its position in Salesforce.com by 4.4% in the first quarter.
Many Wall Street Analysts have commented on salesforce.com.
Harris Parker; Co-Founder of salesforce.com, inc. sold 5000 shares worth of $398395 in a transaction dated on 30 Aug 2016.
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Robbins Cynthia G. (EVP, Global Employee Success) of CRM [NYSE] sold 755 shares worth of $60344 at the average price of $79.93 on29 Aug 2016. The disclosure for this sale can be found here. The Company offers six core cloud services that include sales force automation customer service and support marketing automation community management analytics and a cloud platform for building custom applications.
