Salesforce.com (CRM) Given News Sentiment Rating of 0.18
Media stories about Salesforce.com (NYSE:CRM) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Salesforce.com earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the CRM provider an impact score of 45.1095078668874 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- New 3rd party Salesforce CRM apps from CRM Fusion (abnewswire.com)
- Third Point takes 1.6 million share stake in BlackRock, 4.5 million in Alibaba – Reuters.com (reuters.com)
- Salesforce Positioned as a Leader by Independent Research Firm (finance.yahoo.com)
- Stryker Becomes #124 Most Shorted S&P 500 Component, Replacing Salesforce.com (marketnewsvideo.com)
- September 29th Options Now Available For Salesforce.com (CRM) (nasdaq.com)
Several research analysts have weighed in on CRM shares. Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 price target (up from $100.00) on shares of Salesforce.com in a research report on Friday, May 19th. Vetr upgraded shares of Salesforce.com from a “hold” rating to a “buy” rating and set a $95.22 price target on the stock in a research report on Monday, May 15th. Drexel Hamilton reiterated a “buy” rating and issued a $100.00 price target on shares of Salesforce.com in a research report on Monday, May 15th. Benchmark Co. increased their price target on shares of Salesforce.com from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, May 15th. Finally, Zacks Investment Research upgraded shares of Salesforce.com from a “sell” rating to a “buy” rating and set a $97.00 price target on the stock in a research report on Tuesday, May 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirty-nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $97.31.
Shares of Salesforce.com (NYSE:CRM) traded up 2.22% during mid-day trading on Monday, reaching $90.25. 4,906,856 shares of the company’s stock traded hands. Salesforce.com has a one year low of $66.43 and a one year high of $92.13. The firm has a market cap of $64.28 billion, a price-to-earnings ratio of 477.51 and a beta of 1.29. The firm’s 50-day moving average is $89.23 and its 200 day moving average is $85.86.
Salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Thursday, May 18th. The CRM provider reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.02. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.35 billion. Salesforce.com had a net margin of 1.49% and a return on equity of 1.80%. The firm’s revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 earnings per share. Analysts predict that Salesforce.com will post $1.30 earnings per share for the current year.
In related news, Chairman Marc Benioff sold 10,000 shares of Salesforce.com stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $85.73, for a total value of $857,300.00. Following the transaction, the chairman now directly owns 34,195,300 shares in the company, valued at approximately $2,931,563,069. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Maynard G. Webb, Jr. sold 2,680 shares of Salesforce.com stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $90.01, for a total transaction of $241,226.80. Following the completion of the transaction, the director now owns 31,048 shares in the company, valued at $2,794,630.48. The disclosure for this sale can be found here. Insiders sold 1,385,816 shares of company stock worth $124,610,050 over the last quarter. 6.70% of the stock is currently owned by insiders.
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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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