Salesforce posts better-than-expected quarterly revenue (CRM)

Shares of salesforce.com, inc. While on the books, total Salesforce cash, cash equivalents and marketable securities finished the quarter at $3.22 billion. Deutsche Bank AG reiterated a buy rating and issued a $90.00 target price on shares of salesforce.com, inc.in a report on Tuesday, January 31st. (NYSE:CRM) were released by: Marketwatch.com and their article: "Salesforce beats on earnings, raises guidance" published on May 18, 2017 as well as Fool.com's news article titled: "Salesforce.com Inc". State Street Corp now owns 26,765,636 shares of the CRM provider's stock worth $1,832,372,000 after buying an additional 1,756,272 shares during the last quarter. The company reported actual earnings per share for the previous quarter of $0.06. Following the transaction, the chairman now owns 34,195,300 shares of the company's stock, valued at $3,002,005,387. 12,918,012 shares of the company's stock were exchanged. salesforce.com, inc. has a 52 week low of $66.43 and a 52 week high of $91.00.

Following trading activity for Salesforce.com, inc.(NYSE:CRM), we can see that the stock has moved onto today's list of most actives. Traders bought 20,233 call options on the company. This is an increase of 165% compared to the average volume of 7,630 call options.

According to analysts Salesforce.Com Inc (NYSE:CRM)'s minimum EPS for the current quarter is at $0.24 and can go high up to $0.28.

The company's expected revenue in the current quarter to be 2.48 Billion, seeing a projected current quarter growth of 29.2%, and per annum growth estimates over the next 5 year period of around 28.32%. P/E provides a number that details how many years of earnings it will take a stock to recoup the value of one share at current price levels.

Revenue rose 24.6 percent to $2.39 billion.

In terms of Buy, Sell or Hold recommendations, Salesforce.Com Inc (NYSE:CRM) has analysts' mean recommendation of 1.8.

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A number of equities analysts recently commented on the stock. (NYSE:CRM) is Buy (Score: 2.89) with a consensus target price of $94.62 per share, a potential 7.82% upside. Zacks Investment Research downgraded salesforce.com, inc. from a "hold" rating to a "sell" rating in a research report on Tuesday, May 2nd. Janus Capital Management LLC boosted its position in shares of salesforce.com, inc.by 21.6% in the first quarter. The firm has "Buy" rating given on Thursday, November 19 by Wunderlich. Finally, Mizuho reiterated a "buy" rating and set a $100.00 target price (up previously from $95.00) on shares of salesforce.com, inc.in a research note on Friday.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter. The consensus target price for the stock is presently $97.00. As the company realizes the costs related to these acquisitions over the year ahead, we expect margins to suffer. Zooming out to the 200-day moving average, shares have been trading 14.40% away from that value. Jennison Associates LLC now owns 20,758,784 shares of the CRM provider's stock worth $1,480,724,000 after buying an additional 649,445 shares during the period.

In other news, CFO Mark J. Hawkins sold 8,624 shares of the business's stock in a transaction that occurred on Monday, March 27th.

On 5/16/2017 Maynard G Webb Jr, Director, sold 2,680 with an average share price of $90.01 per share and the total transaction amounting to $241,226.80. The disclosure for this sale can be found here.

The stock increased 0.29% or $0.12 during the last trading session, reaching $42.13.

Salesforce.com, inc. (NYSE:CRM)'s RSI (Relative Strength Index) is 59.44. The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The company's investments in other innovative products and services such as Einstein will likely drive growth in the future.

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