Salesforce.com, inc. (CRM) Issues FY18 Earnings Guidance

Jay Anderson
May 20, 2017

In related news, EVP Burke F. Norton sold 210,800 shares of the firm's stock in a transaction dated Thursday, March 23rd.

In a conference call, chief exec Marc Benioff said he was "personally very excited to be here and share these awesome first quarter numbers". Finally, Stifel Nicolaus restated a "buy" rating and set a $105.00 price objective (up from $100.00) on shares of salesforce.com, inc.in a research report on Friday. Over the trailing year, the stock is underperforming the S&P 500 by 2.16, and it's gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange.

While taking a look at financials, we can look at a number of key indicators about Salesforce.com, inc. The stock was sold at an average price of $84.85, for a total value of $848,500.00. Roos John Victor sold $11,628 worth of salesforce.com, inc. The shares were sold at an average price of $88.72, for a total value of $887,200.00.

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In other salesforce.com, inc. news, EVP Burke F. Norton sold 210,800 shares of the stock in a transaction on Thursday, March 23rd. The stock price decreased -0.10% or $0.09 versus $87.84 at the end of the prior session. Virtus Investment Advisers Inc stated it has 0.31% in salesforce.com, inc. It seems he is very active lately as in the last 30 days, he quietly sold additional 120,000 shares of the company, worth $10,516,932 Dollars. Live Your Vision Limited has invested 0.01% in salesforce.com, inc. He also sold 388 shares that are worth approx $33,739 Dollars in the last 30 days. Shares for $2.60M were sold by Dayon Alexandre on Friday, November 18. (NYSE:CRM) traded down 0.40% during trading on Friday, hitting $87.40. Looking out over the past year, company shares have been recorded -3.29% off the 52 week high and 31.43% away from the low over the same period.Covering sell-side analysts have recently weighed in on shares of Salesforce.com, inc. At the moment, Stephen Delinsky owns 2,985 shares which are equivalent to around 0.05% of the company's market cap (share price times the number of shares outstanding). The stock's 50 day moving average price is $85.48 and its 200-day moving average price is $78.94. salesforce.com, inc. has a one year low of $66.43 and a one year high of $91.00. salesforce.com, inc. also was the recipient of unusually large options trading activity on Tuesday. On Thursday, November 19 the stock rating was maintained by Wunderlich with "Buy". This is an increase of 165% compared to the typical volume of 7,630 call options. The company issued revenue guidance of $10.25-10.30 billion, compared to the consensus revenue estimate of $10.18 billion.salesforce.com, inc. also updated its Q2 guidance to $0.31-0.32 EPS. During the same period in the previous year, the business posted $0.19 earnings per share. The business's quarterly revenue was up 24.6% compared to the same quarter previous year. If you are reading this report on another publication, it was copied illegally and republished in violation of U.S. and global trademark and copyright law. (NYSE:CRM) were released by: Marketwatch.com and their article: "Salesforce beats on earnings, raises guidance" published on May 18, 2017 as well as Fool.com's news article titled: "Salesforce.com Inc". State Street Corp raised its position in shares of salesforce.com, inc.by 7.0% in the fourth quarter. 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. Ltd. acquired a new position in salesforce.com, inc. during the third quarter valued at approximately $10,078,000. Pivotal Research upgraded the stock to "Buy" rating in Friday, August 21 report. Vanguard Group Inc. now owns 43,880,907 shares of the CRM provider's stock valued at $3,619,736,000 after buying an additional 1,956,427 shares during the period. Mutual of America Capital Management LLC raised its position in salesforce.com, inc.by 3.0% in the third quarter. Janus Capital Management LLC now owns 8,844,260 shares of the CRM provider's stock worth $605,886,000 after buying an additional 1,727,696 shares in the last quarter. Finally, First Financial Equity Corporation purchased a new position in salesforce.com, inc. during the first quarter valued at approximately $277,000.

Several other analysts have also recently issued reports on CRM.

Salesforce.com, inc. (NYSE:CRM)'s RSI (Relative Strength Index) is 59.44. Deutsche Bank AG reiterated a buy rating and issued a $90.00 target price on shares of salesforce.com, inc.in a report on Tuesday, January 31st.

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