Salesforce Increases Forecast for the Year on More Products

Thursday, 24 Aug, 2017

588.03 million shares or 3.26% more from 569.46 million shares in 2016Q3 were reported. $898,006 worth of salesforce.com, inc. (NYSE:CRM). The Texas-based Capstone Asset Mngmt has invested 0.12% in salesforce.com, inc. (NYSE:CRM). Wade G W, a Massachusetts-based fund reported 4,640 shares. Baillie Gifford And reported 6.92M shares. Thompson Siegel And Walmsley Limited owns 317 shares or 0% of their United States portfolio. Qs Invsts Limited Liability Com holds 0.05% of its portfolio in salesforce.com, inc. The 20-day Stochastic %k measure, which sits at 81.68%, tells a different story, and suggests that CRM now trades in overbought territory. It is 0.00% or $0 reaching $19.1 per share. Prudential Public Limited Co has 0% invested in salesforce.com, inc. (NYSE:CRM). Prelude Capital Mgmt Ltd Llc reported 0.32% stake.

Since February 24, 2017, it had 4 insider buys, and 149 insider sales for $160.38 million activity. Benioff Marc sold $818,569 worth of stock.

About 3,840 shares traded. Weaver Amy E sold 400 shares worth $36,339. Norton Burke F also sold $52,122 worth of salesforce.com, inc. (NYSE:MMC) has risen 16.25% since August 22, 2016 and is uptrending. Vetr upgraded Salesforce.com from a "buy" rating to a "strong-buy" rating and set a $100.19 price objective for the company in a research report on Monday, June 12th.

Salesforce.com, inc. (NYSE:CRM) Application Software has a Current Ratio of 0.7 with a Quick Ratio value of 0.7. (NYSE:CRM) for 207,746 shares. Salesforce.com has a 1-year low of $66.43 and a 1-year high of $94.63. They now have a United States dollars 84 price target on the stock. The stock is trading at $93.61 which is just a bit higher than $89.78, the 50 day moving average and a tad higher than the 200 day moving average of $86.30.

In a report released today, Brian Schwartz from Oppenheimer reiterated a Buy rating on Salesforce.com (NYSE: CRM), with a price target of $100. It has underperformed by 8.92% the S&P500. J&P (China) Capital Management Co.Ltd owns 1.22 million shares or 78.14% of their U.S. portfolio. (NYSE:CRM)'s near-term growth potential. The same period of a year ago reportedly had EPS of $0.24 and $2.04 billion in revenue. Seven Eight Capital Llc acquired 33,200 shares as Marsh & Mclennan Cos Inc (MMC)'s stock rose 1.48%. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and forty-three have issued a buy rating to the company. Therefore 87% are positive. In my projections, I see salesforce.com easily producing $1.5 billion in GAAP op profits by fiscal 2021. The stock was sold at an average price of $91.37, for a total value of $34,646,498.93.

Wall Street was looking for earnings of 32 cents per share with revenue of $2.51 billion. (NYSE:CRM) earned "Strong Buy" rating by Raymond James on Thursday, May 19. As per Thursday, November 19, the company rating was maintained by Wunderlich. On Thursday, May 18 Roos John Victor sold $17,053 worth of salesforce.com, inc. Old Mutual Customised Solutions (Proprietary) Ltd holds 0.21% of its portfolio in salesforce.com, inc. The rating was maintained by Deutsche Bank with "Buy" on Thursday, May 19.

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Tesla, Inc., formerly Tesla Motors, Inc., designs, develops, makes and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The stock has "Outperform" rating by FBR Capital on Thursday, February 25. Goldman Sachs has "Sell" rating and $185.0 target.

On August 23 Canaccord Genuity held the company rating at "Buy" and moved up the price target to $110.00 from $89.00. Janus Henderson Group PLC boosted its position in Salesforce.com by 911.7% in the second quarter.

Jefferies maintained a Hold rating but raised its price target to $84 from $80. The firm has "Neutral" rating given on Friday, November 20 by DA Davidson.

Among 47 analysts covering Salesforce.com (NYSE:CRM), 41 have Buy rating, 1 Sell and 5 Hold. Earnings: 4 Key Metrics for Investors to Focus On" on August 19, 2017, also Investorplace.com with their article: "3 Stocks to Watch on Wednesday: Intuit Inc. More interesting news about salesforce.com, inc. Subscription and support revenues were $2.37 billion (up 26 per cent) and professional services and "other" revenues made up $193 million (up 28 per cent).

Inc. (CRM) produced better earnings than expected in its fiscal second quarter and increased its expectations for profit and revenue for the full year Tuesday, but shares still declined in late trading. The stock's market capitalization is 66.20B.