Press coverage about Salesforce.com (NYSE:CRM) has been trending positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Salesforce.com earned a news impact score of 0.29 on Accern’s scale. Accern also gave media coverage about the CRM provider an impact score of 44.5550279513467 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- 3 Insightful Quotes From salesforce.com, inc Management - Motley Fool (fool.com)
- TurboTax parent's CEO: In the absence of tax reform, 'we'… (finance.yahoo.com)
- In the absence of tax reform, 'we'll do the job for Congr… (finance.yahoo.com)
- Salesforce.com Surpasses $10 Billion Run Rate (finance.yahoo.com)
Salesforce.com (CRM) traded up 1.16% during mid-day trading on Thursday, reaching $94.15. 5,494,432 shares of the company were exchanged. Salesforce.com has a 1-year low of $66.43 and a 1-year high of $94.63. The stock’s 50-day moving average price is $90.24 and its 200-day moving average price is $86.50. The stock has a market capitalization of $67.05 billion, a price-to-earnings ratio of 498.15 and a beta of 1.29. Salesforce.com also saw unusually large options trading on Tuesday. Stock traders bought 23,180 put options on the company. This is an increase of approximately 439% compared to the typical daily volume of 4,300 put options.
Salesforce.com (NYSE:CRM) last released its earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.24. Salesforce.com had a return on equity of 1.80% and a net margin of 1.49%. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the business posted $0.24 EPS. Salesforce.com’s quarterly revenue was up 25.7% compared to the same quarter last year. On average, equities research analysts anticipate that Salesforce.com will post $1.30 EPS for the current fiscal year.
A number of analysts have recently commented on the stock. Wedbush reiterated an “outperform” rating and issued a $108.00 price target on shares of Salesforce.com in a research note on Wednesday. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $100.00 price target on shares of Salesforce.com in a research note on Thursday. Vetr lowered shares of Salesforce.com from a “buy” rating to a “hold” rating and set a $93.21 price target for the company. in a research note on Tuesday, August 15th. Northland Securities reiterated a “buy” rating and issued a $105.00 price target on shares of Salesforce.com in a research note on Wednesday. Finally, Needham & Company LLC reiterated a “hold” rating and issued a $88.00 price target on shares of Salesforce.com in a research note on Thursday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and forty-six have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $101.72.
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In other Salesforce.com news, CFO Mark J. Hawkins sold 490 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $93.52, for a total transaction of $45,824.80. Following the transaction, the chief financial officer now owns 14,886 shares of the company’s stock, valued at approximately $1,392,138.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Parker Harris sold 8,027 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $92.75, for a total value of $744,504.25. Following the transaction, the insider now directly owns 49,913 shares in the company, valued at approximately $4,629,430.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,281,129 shares of company stock worth $115,315,983. 6.70% of the stock is currently owned by company insiders.
About Salesforce.com
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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