What's Next for salesforce.com, inc. (CRM) After Touching All-Time High?

Salesforce posts Q1 loss but raises outlook

Salesforce posts Q1 loss but raises outlook

On Tuesday, May 2nd, Keith Block sold 10,000 shares of salesforce.com, inc. stock.

Number of analysts are eying on this stock, and after detailed observation, they have given the stock mean target price of $6.67 while their mean recommendation is 2.00 (1=Buy, 5=sell). Salesforce.com, inc.'s P/E ratio is 338.80. The shares were sold at an average price of $83.64, for a total value of $836,400.00. The stock was sold at an average price of $88.72, for a total transaction of $887,200.00.

On Thursday, Shares of Citigroup Inc (NYSE:C) gained 0.17% to $60.08.

On Wednesday, May 3rd, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. Virtus Investment Advisers Inc stated it has 0.31% in salesforce.com, inc. The stock was sold at an average price of $86.74, for a total transaction of $1,734,800.00. The stock was sold at an average price of $85.64, for a total value of $856,400.00. (NYSE:CRM) traded down 0.40% during trading on Friday, hitting $87.40. The stock has a market capitalization of $61.73 billion, a price-to-earnings ratio of 335.58 and a beta of 1.42. salesforce.com, inc. has a 1-year low of $66.43 and a 1-year high of $91.00. Shares of Salesforce.com, inc. Stock traders acquired 20,233 call options on the stock.

Following up a strong 2016 performance, Salesforce (NYSE:CRM) sustained its growth momentum with impressive Q1 results and managed to exceed market expectations for revenue and earnings per share (EPS) by almost 2% and 8%, respectively.

The cloud juggernaut posted a net loss of $9.2m for the quarter, with Q1 revenue increasing 25% to $2.4bn, deferred revenue for the quarter stood at $5bn, up 26% on the previous year.

In terms of guidance for the fiscal second quarter, the company expects to see revenue between $2.51 billion and $2.52 billion, with EPS in the range of $0.31 to $0.32.

Revenue from sales cloud, the company's flagship product, rose 14.5 percent to $829.6 million in the first quarter ended April 30. If you are accessing this piece on another website, it was stolen and reposted in violation of USA and global copyright and trademark legislation. The correct version of this piece of content can be read at https://www.themarketsdaily.com/2017/05/19/salesforce-com-inc-crm-chairman-marc-benioff-sells-20000-shares-2-updated.html.

Analysts had expected deferred revenue of $4.93 billion, according to financial data and analytics firm FactSet StreetAccount, while the company had forecast 22 to 23 percent growth. Stifel Nicolaus reissued a "buy" rating and issued a $105.00 target price (up previously from $100.00) on shares of salesforce.com, inc.in a report on Friday. Royal Bank of Canada restated an "outperform" rating and set a $102.00 price objective (up from $100.00) on shares of salesforce.com, inc.in a research report on Friday. Vetr downgraded salesforce.com, inc. from a "strong-buy" rating to a "buy" rating and set a $93.31 price objective for the company.in a report on Wednesday, March 1st. Finally, Canaccord Genuity reiterated a "buy" rating and issued a $95.00 target price on shares of salesforce.com, inc.in a research note on Wednesday, February 22nd.

One Month Ago Analyst Ratings: Should an investor react accordingly to new analyst's recommendations and adjust a position based on the analyst's rating alone Of course not. It has been suggested as "Buy Opinions" from 18 and 0 issued "Sell Thoughts" for the stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Finally, State Street Corp increased its position in salesforce.com, inc.by 7.0% in the fourth quarter. State Street Corp now owns 26,765,636 shares of the CRM provider's stock worth $1,832,372,000 after buying an additional 1,756,272 shares during the period. (NYSE:CRM). Ems Capital LP holds 4.7% of its portfolio in salesforce.com, inc. While on the books, total Salesforce cash, cash equivalents and marketable securities finished the quarter at $3.22 billion. Janus Capital Management LLC now owns 10,755,181 shares of the CRM provider's stock valued at $927,363,000 after buying an additional 1,910,921 shares in the last quarter. Moreover, Discovery Capital Management Limited Ct has 0.57% invested in salesforce.com, inc. Jennison Associates LLC now owns 20,758,784 shares of the CRM provider's stock worth $1,480,724,000 after buying an additional 649,445 shares in the last quarter. (NYSE:CRM) news were published by: Investorplace.com which released: "Salesforce.com, Inc". Transamerica Financial Advisors Inc. now owns 25,997 shares of the CRM provider's stock worth $1,855,000 after buying an additional 2,114 shares in the last quarter.

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