Economy

Technology stock to watch: salesforce.com, inc.(NYSE: CRM)

Technology stock to watch: salesforce.com, inc.(NYSE: CRM)

After trading up more than 2 percent, the stock was recently down about 1.6 percent at $80.05 in the after-hours session.

For the quarter ended January 31, Salesforce's loss widened to $51.4 million, or 7 cents a share, from $25.5 million, or 4 cents a share, in the comparable period a year ago. During the same period in the previous year, the company posted $0.21 EPS. Salesforce.com Inc has a 1-year low of $52.60 and a 1-year high of $84.48.

45 analysts projected Price Targets for salesforce.com, inc.

The stock showed weekly upbeat performance of 0.09%, which was maintained for the month at 4.61%. The stock has a consensus "Strong Buy" rating with a consensus target price of $95. The company has a Return on Assets (ROA) of 1.50%.

In other salesforce.com, inc. news, Chairman Marc Benioff sold 12,500 shares of salesforce.com, inc. stock in a transaction on Friday, December 2nd. Earnings, with 42 analysts believing the company would generate an Average Estimate of $0.25. The company has a 50 day moving average price of $71.68 and a 200 day moving average price of $75.75. The company has doubled in size over the last three years while still increasing operating margins by 1.5 percent.

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In a statement issued on 3/01/2017 Wedbush upped the price target of Salesforce.com (NYSE:CRM) from $98.00 to $102.00 reporting a possible upside of 0.25%. NEXT Financial Group Inc raised its position in salesforce.com, inc.by 2.3% in the third quarter. Finally, Mycio Wealth Partners LLC raised its position in salesforce.com, inc.by 2.4% in the second quarter.

For Q1, Salesforce is forecasting revenues of $2.34 billion to $2.35 billion and earnings of 25 cents and 26 cents per share. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of U.S. & worldwide copyright and trademark law. Tracking most recent quarter period, Price to book (P/B) ration is at 8.25 and Price to cash per share ration is at 47.37. Stock has got OUTPERFORM rating from 24 analysts of Thomson Reuters, 4 analysts given HOLD rating to the stock.

Excluding items, the company earned 28 cents per share. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Another insider trade includes Chief Executive Officer Benioff (Marc Russell) who also initiated a transaction in which 10000 shares were traded on 23 Feb 2017 as "Buy". The shares were sold at an average price of $82.30, for a total transaction of $29,051.90. Institutional investors and hedge funds own 83.13% of the company's stock. The stock was sold at an average price of $81.45, for a total value of $814,500.00. The disclosure for this purchase can be found here.

Benioff said the company expects its AI effort, "Einstein", will help to drive sales higher, by creating an up-selling opportunity but mostly by differentiating Salesforce from its CRM rivals.


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