salesforce.com (CRM) Earns Daily News Impact Rating of 0.92
Press coverage about salesforce.com (NYSE:CRM) has been trending somewhat positive recently, InfoTrie Sentiment reports. The research group ranks the sentiment of news coverage by reviewing more than 6,000 blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. salesforce.com earned a media sentiment score of 0.92 on their scale. InfoTrie also gave media headlines about the CRM provider an news buzz score of 1 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected salesforce.com’s score:
- Marc Benioff Sells 5,000 Shares of salesforce.com, inc. (CRM) Stock (americanbankingnews.com)
- Salesforce IoT Insights Could Turbocharge Field Service (ecommercetimes.com)
- Analysts Anticipate salesforce.com, inc. (CRM) Will Announce Earnings of $0.56 Per Share (americanbankingnews.com)
- salesforce.com’s (CRM) “Buy” Rating Reaffirmed at Nomura (americanbankingnews.com)
- Salesforce Ventures launches $100 mln Japan Trailblazer Fund (pehub.com)
Several analysts have weighed in on the company. Wedbush boosted their price objective on salesforce.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, August 22nd. Barclays boosted their price objective on salesforce.com from $150.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, August 15th. Piper Jaffray Companies boosted their price objective on salesforce.com from $150.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, August 15th. Morgan Stanley boosted their price objective on salesforce.com from $153.00 to $178.00 and gave the stock an “overweight” rating in a report on Tuesday, August 14th. Finally, Sanford C. Bernstein reaffirmed a “neutral” rating and issued a $149.00 price target on shares of salesforce.com in a research note on Wednesday, November 28th. Four analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has assigned a strong buy rating to the company. salesforce.com presently has an average rating of “Buy” and an average target price of $168.08.
salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Tuesday, November 27th. The CRM provider reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.11. salesforce.com had a return on equity of 8.06% and a net margin of 6.51%. The business had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same period in the previous year, the firm earned $0.39 EPS. salesforce.com’s quarterly revenue was up 25.6% compared to the same quarter last year. Equities analysts forecast that salesforce.com will post 1.32 EPS for the current year.
In related news, insider Amy E. Weaver sold 5,325 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $154.86, for a total value of $824,629.50. Following the completion of the transaction, the insider now directly owns 26,798 shares in the company, valued at approximately $4,149,938.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Joe Allanson sold 323 shares of the business’s stock in a transaction that occurred on Friday, November 23rd. The shares were sold at an average price of $122.60, for a total value of $39,599.80. Following the completion of the transaction, the chief accounting officer now owns 30,619 shares of the company’s stock, valued at $3,753,889.40. The disclosure for this sale can be found here. Insiders sold a total of 487,322 shares of company stock valued at $71,467,243 over the last quarter. 6.00% of the stock is owned by insiders.
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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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