Salesforce.com, Inc. Q2 2018 Earnings: Another Beat And Raise Expected

Zoho Sales Inbox for Salesforce

05/19/2017 - Salesforce.com Inc had its "outperform" rating reiterated by analysts at Oppenheimer. (NYSE:CRM). Caprock Grp Incorporated holds 7,703 shares or 0.13% of its portfolio. Drexel Hamilton reiterated a "buy" rating and issued a $100.00 price objective on shares of Salesforce.com in a research report on Monday, May 15th.

Jcsd Capital Llc holds 2.02% of its portfolio in First Mid-Illinois Bancshares, Inc. for 68,000 shares. Adell Harriman & Carpenter invested 0% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 68 shares. Shell Asset Management Communication owns 72,296 shares.

Since February 23, 2017, it had 4 insider purchases, and 151 sales for $161.21 million activity. Shares for $884,552 were sold by Benioff Marc on Monday, May 22. The insider BLOCK KEITH sold 10,000 shares worth $830,828. About 936,102 shares traded. salesforce.com, inc. Robbins Cynthia G. sold $45,565 worth of salesforce.com, inc. (NYSE:CRM) on Wednesday, March 22. Finally, Zacks Investment Research upgraded Salesforce.com from a "sell" rating to a "buy" rating and set a $97.00 price objective for the company in a research report on Tuesday, May 9th.

Salesforce (CRM) shares performed well so far this year, as the stock jumped more than 35 percent year-to-date. (NYSE:CRM) for 16,500 shares.

I continue to like Salesforce as a company, but not so much the stock. Salesforce.com has a 12-month low of $66.43 and a 12-month high of $93.44. The firm has "Buy" rating by Needham given on Thursday, November 19. It has underperformed by 8.92% the S&P500. The insider Dayon Alexandre sold 1,609 shares worth $131,108. (CRM) stake by 14.6% reported in 2016Q4 SEC filing. Sure, the percentage is encouraging but better times are ahead as looking out over a next 5-year period, analysts expect the company to see its earnings go up by 27.81%, annually. Therefore 88% are positive. Salesforce.com has $115 highest and $18 lowest target. The brokerage now has a $102.00 price target on the CRM provider's stock. Salesforce.com had 129 analyst reports since August 21, 2015 according to SRatingsIntel. The stock of Tesla Inc (NASDAQ:TSLA) earned "Overweight" rating by Morgan Stanley on Thursday, January 19. Barclays Capital maintained salesforce.com, inc. (NYSE:CRM), with 24 analysts believing it is a strong buy. Bernstein maintained salesforce.com, inc. On Thursday, September 17 the stock rating was maintained by Jefferies with "Sell". Bernstein has "Underperform" rating and $66 target.

August 23 investment analysts at Credit Suisse made no change to the company rating of "Buy" and moved up the price target from $89.00 to $105.00. Northland Capital maintained salesforce.com, inc. The rating was maintained by Needham on Thursday, November 19 with "Buy". (NYSE:CRM) as there may be a chasm between the bulls and the bears as far as recent trading activity goes. After $0.06 actual EPS reported by salesforce.com, inc. for the previous quarter, Wall Street now forecasts 50.00% EPS growth. Over the trailing year, the stock is outperforming the S&P 500 by 8.69, and it's gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. New England Mngmt Inc holds 0.34% of its portfolio in salesforce.com, inc. "The results of the quarter raise our confidence in CRM being able to sustain nearly 20% revenue growth, while gradually raising operating margins through FY19".

Salesforce.com, inc. (NYSE:CRM) has a beta of 1.25, compared to a beta of 1 for the market, which implies that the stock's price movements are more extreme than the market as a whole. As a result of strong cash generation, gross cash now amounts to $3.5 billion, representing a bit over 5% of the company's total market cap.

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