How Salesforce Won on Earnings

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By historical standards, Salesforce.com, inc. remains a cheap stock. Over the past twelve months, Salesforce.com, inc.

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. Finally, Royal Bank of Canada restated an "outperform" rating and set a $102.00 target price (up from $100.00) on shares of salesforce.com, inc.in a research report on Friday. Stocks with EPS growth rates of as a minimum 25% compared with year-ago levels suggest a company has products or services in strong demand.

Dividend information for salesforce.com, inc. The stock was sold at an average price of $85.64, for a total value of $856,400.00. Hbk Sorce Advisory Ltd Liability reported 0.04% of its portfolio in salesforce.com, inc. Robbins Cynthia G. sold $164,660 worth of stock or 2,000 shares.

On Wednesday, May 10th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. A total of 9.86 million shares exchanged at hands and its average trading volume is standing at 4.13 million shares. Another trade for 20,000 shares valued at $1.43 million was made by Benioff Marc on Tuesday, January 3. The stock was sold at an average price of $83.34, for a total value of $833,400.00.

More news: SIA undertaking review after reporting big drop in full year profit

After Salesforce reported its quarterly results Thursday, its shares climbed 1.8% to $89.40 in recent after-hours trading. Live Your Vision Limited has invested 0.01% in salesforce.com, inc. The stock was sold at an average price of $86.43, for a total transaction of $864,300.00. Moreover, Ubs Asset Management Americas has 0.24% invested in salesforce.com, inc. Shares for $2.60M were sold by Dayon Alexandre on Friday, November 18. Salesforce also bumped up its expectation for per-share profit for the year by a penny to between 6 cents and 8 cents. (NYSE:CRM) traded down 0.40% on Friday, reaching $87.40. During the same quarter in the previous year, the company posted $0.24 earnings per share. salesforce.com, inc.'s revenue for the quarter was up 24.6% on a year-over-year basis. The company has market cap of $62.49 billion. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.22% with $671.97 Million sitting short, betting on future declines. This is an increase of 165% compared to the typical volume of 7,630 call options. The CRM provider reported $0.02 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.25 by $0.23. The firm had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.35 billion. The difference between actual earnings and estimated earnings was $0.03 per share.

For example, last year the company posted modest profits in all but one of its quarters, whereas in 2015/16 the biz was firmly in the red except for the first three months of the year.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by Stock Observer and is the sole property of of Stock Observer. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and worldwide copyright and trademark law. (NYSE:CRM) opened at 87.75 on Friday. salesforce.com, inc. has a 12 month low of $66.43 and a 12 month high of $90.28.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Calamos Wealth Management Lc owns 0.38% invested in salesforce.com, inc. Cambridge Trust Co. now owns 289,411 shares of the CRM provider's stock valued at $23,873,000 after buying an additional 3,322 shares in the last quarter. On Saturday, December 10 Dayon Alexandre sold $152,770 worth of salesforce.com, inc. The stock is expected to report revenue as high as $2.57B and as low as $2.45B per share. State Street Corp raised its stake in shares of salesforce.com, inc.by 7.0% in the fourth quarter. 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. While on the books, total Salesforce cash, cash equivalents and marketable securities finished the quarter at $3.22 billion. (NYSE:CRM). Ems Capital LP holds 4.7% of its portfolio in salesforce.com, inc. (NYSE:CRM)'s stock was 28.18%. Zacks Investment Research downgraded salesforce.com, inc. from a "buy" rating to a "hold" rating in a report on Wednesday, May 10th. Cowen and Company restated an "outperform" rating and set a $100.00 price objective on shares of salesforce.com, inc.in a research report on Friday.

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