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Is Salesforce.com, inc. (CRM) Running Out of Gas?


COPYRIGHT VIOLATION WARNING: "salesforce.com, inc".

Previously Salesforce.Com Inc (NYSE:CRM) reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. Currently, Discovery Communications, Inc.net profit margin for the 12 months is at 17.87%.

Analyst's Analysis on Salesforce.com, inc. JNBA Financial Advisors now owns 1,828 shares of the CRM provider's stock worth $125,000 after buying an additional 155 shares during the last quarter. King Luther Capital Management Corp increased its stake in shares of salesforce.com, inc.by 1.3% in the first quarter. The firm owned 8,862 shares of the CRM provider's stock after buying an additional 36 shares during the period. Jennison Associates LLC raised its position in shares of salesforce.com, inc.by 3.2% in the third quarter. Pinnacle Bank acquired a new position in shares of salesforce.com, inc. during the first quarter worth about $181,000. Virtus Investment Advisers Inc stated it has 0.31% in salesforce.com, inc. Moreover, Dnb Asset Mgmt As has 0% invested in salesforce.com, inc. In this case, shares are 26.85% higher from $18.3, the worst price in 52 weeks suffered on November 09, 2016, and are keeping their losses at 18.38% for the past six months. The company's Q1 net loss was $9.2 million, or a penny per share.

The stock now has a beta value of 1.24. The firm has a 50 day moving average price of $85.48 and a 200 day moving average price of $78.94. salesforce.com, inc. also was the target of unusually large options trading activity on Tuesday. Traders bought 20,233 call options on the company. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. The company's revenue grew by 25% year-on-year (y-o-y) to $2.39 billion for the quarter, primarily driven by a surge in subscription and support across all its cloud products such as Sales, Service, Marketing and Commerce. Professional services and other revenues were $187 million, an increase of 32% year-over-year. For the last quarter, the stock has performed 8.57%. On average, equities analysts expect that salesforce.com, inc. will post $1.29 EPS for the current year. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & global trademark and copyright laws.

Salesforce.com, inc. (NYSE:CRM)'s RSI (Relative Strength Index) is 59.44.




CRM has been the topic of several research reports.

Analysts surveyed by S&P Global Market Intelligence expected Salesforce to report adjusted earnings of 26 cents a share on revenue of $2.35 billion. JMP Securities reiterated an outperform rating and issued a $92.00 target price on shares of salesforce.com, inc.in a report on Monday, March 20th. Deutsche Bank AG reissued a "buy" rating and issued a $90.00 target price on shares of salesforce.com, inc.in a research report on Tuesday, January 31st. On Wednesday, April 5 WEBB MAYNARD G JR sold $199,325 worth of salesforce.com, inc. They set a "hold" rating on the stock. Finally, Goldman Sachs Group Inc set a $96.00 target price on salesforce.com, inc. and gave the company a "buy" rating in a research report on Wednesday, March 1st.

Shares of Salesforce were last seen up 1% at $88.62 on Friday, with a consensus analyst price target of $97.89 and a 52-week trading range of $64.43 to $90.95. Following the transaction, the director now directly owns 31,048 shares in the company, valued at $2,794,630.48.

On 5/18/2017 Marc Benioff, Chairman, sold 10,000 with an average share price of $87.79 per share and the total transaction amounting to $877,900.00. Institutional investors and hedge funds own 83.13% of the company's stock. The disclosure for this purchase can be found here. In this case, shares are down -16.42% from $29.18, the 52-week high touched on April. 24, 2017, but are collecting gains at -7.79% for the past 12 months.

Even though rivals are targeting Salesforce's stronghold in customer-relationship management, the company said it is able to grab significant pieces of new business in the growing field.

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