salesforce.com (CRM) Earns Daily Coverage Optimism Rating of 0.10
Media coverage about salesforce.com (NYSE:CRM) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. salesforce.com earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the CRM provider an impact score of 46.2841601933668 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern’s rankings:
- Aircall Omni-Channel Capabilities Now Available in Salesforce Service Cloud (martechadvisor.com)
- Salesforce Set To Post Another Solid Quarter Backed By Growing Demand For Cloud-Based Products (forbes.com)
- Salesforce Earnings: Why I'll Be Watching Guidance (finance.yahoo.com)
- AI-First Company Cien Wins Inaugural MarTech Breakthrough Innovation Award for CRM (bizjournals.com)
- Salesforce to Outperform (finance.yahoo.com)
Several brokerages have commented on CRM. Jefferies Financial Group boosted their target price on shares of salesforce.com to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, August 22nd. Canaccord Genuity restated a “buy” rating on shares of salesforce.com in a research report on Thursday, June 28th. Royal Bank of Canada boosted their target price on shares of salesforce.com to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 22nd. Piper Jaffray Companies boosted their target price on shares of salesforce.com from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 15th. Finally, BMO Capital Markets boosted their target price on shares of salesforce.com from $147.00 to $152.00 and gave the stock a “market perform” rating in a research report on Thursday, June 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirty-seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $147.65.
salesforce.com (NYSE:CRM) last announced its earnings results on Tuesday, May 29th. The CRM provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.28. salesforce.com had a net margin of 4.33% and a return on equity of 7.25%. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the company posted $0.28 EPS. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. analysts expect that salesforce.com will post 1.01 EPS for the current year.
In related news, CAO Joe Allanson sold 272 shares of the business’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $151.53, for a total value of $41,216.16. Following the completion of the transaction, the chief accounting officer now owns 30,310 shares of the company’s stock, valued at approximately $4,592,874.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Keith Block sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 31st. The shares were sold at an average price of $129.37, for a total transaction of $1,293,700.00. Following the completion of the transaction, the insider now directly owns 30,647 shares of the company’s stock, valued at approximately $3,964,802.39. The disclosure for this sale can be found here. In the last three months, insiders purchased 18,000 shares of company stock valued at $2,584,260 and sold 539,485 shares valued at $75,770,040. Insiders own 6.00% of the company’s stock.
salesforce.com Company Profile
salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.
Featured Article: Short Selling Stocks, A Beginner’s Guide
Receive News & Ratings for salesforce.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for salesforce.com and related companies with MarketBeat.com's FREE daily email newsletter.