Salesforce.com (CRM) Earning Somewhat Favorable Media Coverage, Report Shows
News coverage about Salesforce.com (NYSE:CRM) has trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Salesforce.com earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave news headlines about the CRM provider an impact score of 44.6563721596551 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Do What Institutional Investors Does: Salesforce.com, inc. (CRM), Wal-Mart Stores, Inc. (WMT) – Market Movers (financialqz.com)
- 4 Takeaways From salesforce.com, inc.’s Earnings Call – Yahoo Finance (finance.yahoo.com)
- 5 Major Takeaways From Salesforce’s Mostly OK Earnings Report (thestreet.com)
- 4 Takeaways From salesforce.com, inc.'s Earnings Call (finance.yahoo.com)
Shares of Salesforce.com (NYSE CRM) traded up $0.32 during trading on Friday, hitting $107.15. The company’s stock had a trading volume of 4,000,003 shares, compared to its average volume of 4,415,381. Salesforce.com has a 12 month low of $66.43 and a 12 month high of $109.19. The company has a market capitalization of $77,163.31, a P/E ratio of 333.84, a P/E/G ratio of 10.59 and a beta of 1.24. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 0.08.
Salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. Salesforce.com had a return on equity of 2.81% and a net margin of 0.09%. The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the prior year, the company earned $0.24 earnings per share. The company’s revenue for the quarter was up 25.0% compared to the same quarter last year. equities research analysts expect that Salesforce.com will post 0.4 EPS for the current fiscal year.
Several equities analysts have recently issued reports on the company. Raymond James Financial, Inc. reaffirmed a “buy” rating and set a $125.00 price target on shares of Salesforce.com in a research note on Wednesday. Needham & Company LLC reaffirmed a “hold” rating on shares of Salesforce.com in a research note on Wednesday. Goldman Sachs Group, Inc. (The) set a $122.00 price target on Salesforce.com and gave the company a “buy” rating in a research note on Thursday. Cowen Inc reaffirmed a “buy” rating and set a $118.00 price target on shares of Salesforce.com in a research note on Tuesday. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $120.00 price target on shares of Salesforce.com in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and forty-five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $112.41.
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In related news, insider Alexandre Dayon sold 124,331 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $99.00, for a total transaction of $12,308,769.00. Following the completion of the transaction, the insider now directly owns 154,406 shares in the company, valued at $15,286,194. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Amy E. Weaver sold 681 shares of the stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $98.75, for a total value of $67,248.75. Following the transaction, the insider now owns 1,517 shares of the company’s stock, valued at $149,803.75. The disclosure for this sale can be found here. Insiders sold 735,682 shares of company stock valued at $74,020,397 over the last 90 days. Corporate insiders own 6.20% of the company’s stock.
Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.
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