CRM - salesforce.com, inc.
| Previous Close | 157.98 |
| Open | 159.73 |
| Bid | 156.01 x 2200 |
| Ask | 156.50 x 1200 |
| Day's Range | 156.29 - 160.74 |
| 52 Week Range | 113.60 - 167.56 |
| Volume | 5,166,272 |
| Avg. Volume | 6,009,306 |
| Market Cap | 122.089B |
| Beta (3Y Monthly) | 0.97 |
| PE Ratio (TTM) | 107.00 |
| EPS (TTM) | 1.47 |
| Earnings Date | Aug 27, 2019 - Sep 3, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 183.00 |
- Yahoo Finance•16 hours ago
Why Microsoft may really be worth $1,300,000,000,000
Microsoft looks unstoppable in light of its latest earnings, one veteran tech strategist tells Yahoo Finance.
- American City Business Journals•10 hours ago
Salesforce's charitable arm gives financial hand to S.F., Oakland school districts
Salesforce has donated $35 million to San Francisco Unified School District and $15 million to Oakland Unified School District to help with areas such as teacher recruitment and curriculum development.
- Zacks•11 hours ago
Is The Cloud Space Headed To The Stratosphere?
Microsoft's strong Q2 earnings, propelled by its cloud segment, is a very positive signal to the rest of the cloud space. It illustrates that demand for cloud technology is still strong.
- InvestorPlace•17 hours ago
Microsoft: King of the Cloud, King of the World
Microsoft (NASDAQ:MSFT) proved itself as King of the Cloud with earnings that surprised Wall Street.Source: Shutterstock Non-GAAP net income of $10.6 billion, $1.37 per share, on revenue of $33.7 billion, blew past analyst earnings estimates of $1.18 per share.After looking more deeply into the numbers, Windows got credit for the surprise. Microsoft is ending support for disk-based Windows 7 and thus pushed a lot of companies to the cloud-based Windows 10. Windows OEM revenue was up 18% year over year.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Tech Stocks That Are Still Worth Your Time (And Money) Microsoft was already the most valuable company in the world before the earnings came out, at $1.045 trillion. The earnings bumped it up another 3%. It was due to open July 19 at over $140 per share. Those who hedged their bets in Microsoft going into earnings wound up looking foolish. MSFT Cloud PowerHow did Microsoft overtake Amazon (NASDAQ:AMZN), which had nearly a decade-long head start, in cloud revenue and profitability?While Amazon was re-selling its infrastructure, Microsoft devoted itself to building a cloud platform and to use cloud to sell its software. It didn't give cloud away. It sold what cloud could do, directly and indirectly.The morning before the earnings came out, for example, Office 365 users were offered three months of free Adobe (NASDAQ:ADBE) "Creative Cloud" membership, the e-mail promising "more ways to say thanks for subscribing in the works."Adobe and Microsoft have been partnering since 2016, their combined efforts aimed at building "a new category" of software combining Microsoft's back-office tools with Adobe's marketing cloud. Its competitive target is Salesforce (NASDAQ:CRM).It's a game where so far there are no losers. Since the Microsoft-Adobe effort was launched in September 2016, MSFT shares have risen nearly 140%, Adobe's 185%. Salesforce is up 121%. The average S&P stock is up less than 40% in that time.Increased marketing automation, which lets companies combine online and offline efforts without increasing staff, is powering the whole economy. Don't Break Me UpAzure, which Microsoft calls its "intelligent cloud" segment, now brings in more revenue than the former Microsoft Windows monopoly, or the old Microsoft Office. It grew 64% in Microsoft's 2019 fiscal year. Microsoft executives call their cloud "battle hardened" and it continues to win deals.An example is a recent $2 billion contract with AT&T (NYSE:T). AT&T spun this outsourcing as making its own operations more technologically-adept. Maybe it does.More good news could be coming soon, as President Donald Trump leans-in to make Microsoft the favorite over Amazon on the $10 billion JEDI contract to create a Pentagon Cloud.Microsoft is selling the concept of "citizen developers" for its Power Platform, which includes data visualization, workflow automation, and app creation tools. Critics say using a proprietary platform to build apps makes companies dependent on that platform, but that's an argument for another day. Today, Microsoft profits and customers become more efficient. The Bottom Line for MSFT StockMicrosoft's success in tying cloud customers to its software is working like nothing else in the history of American business. It even sells Surface laptops. Cloud success gives Microsoft the cash to work on whiz-bang applications like "holoportation," in which executives can beam a hologram of themselves over a network and do a sales presentation in another language, all in real time.It's a little bit crazy, but who thought five years ago that an Indian immigrant would make investors forget Bill Gates while keeping the antitrust police quiet?In the era of cloud, a hundred million miracles are happening every day.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in MSFT and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post Microsoft: King of the Cloud, King of the World appeared first on InvestorPlace.
- GuruFocus.com•yesterday
Salesforce.com Inc (CRM) Chairman of the Board & co-CEO Marc Benioff Sold $1.6 million of Shares
Chairman of the Board & co-CEO of Salesforce.com Inc (30-Year Financial, Insider Trades) Marc Benioff (insider trades) sold 10,000 shares of CRM on 07/17/2019 at an average price of $158.96 a share. Continue reading...
- American City Business Journals•2 days ago
In S.F., big-name tenants are fighting for space that isn't there yet
In the city's crunched office market, tenants are signing onto spaces that are years from delivery, or else find other creative ways to keep expanding.
- TipRanks•2 days ago
3 Software Stocks Inching Closer to Salesforce
Legacy software providers have been looking for ways to compete with the leading CRM cloud-based software provider, Salesforce.com, Inc. (CRM). One idea to slow down CRM’s rapid growth was to send all the data collected from their various products to a single location where additional analysis could be performed. Microsoft Corporation (MSFT), Adobe Systems Inc. (ADBE) and SAP AG (SAP) announced their joint participation in the Open Data Initiative this September. This collaboration comes as cloud-based software becomes more prevalent, which can make it harder to gain actionable insights from data when information is stored in various disparate systems. “You have these very sophisticated, rich application suites from SAP, from Adobe, from Microsoft. And the commitment you’re hearing from the three of us is that we’re going to unlock the data across all of these suites,” said Microsoft CEO Satya Nadella. While analysts believe this initiative represents a promising opportunity for these companies, we wanted to take a closer look to see if they really have what it takes to compete with Salesforce. Microsoft Corporation (MSFT)With a market cap of $1 trillion, it’s no question that Microsoft is still a force to be reckoned with. The company has maintained its place as a leader in the software market with both its legacy and cloud-based solutions. CRM has been mirroring Microsoft by tailoring its products to run alongside its customers’ existing software, something MSFT has already been doing for quite some time. Salesforce recently acquired MuleSoft, Inc. and Tableau Software, Inc. (DATA), both of which have software offerings that run with pre-existing on-premises systems. CRM’s Sales Cloud has also consistently outperformed MSFT’s cloud-based sales product, Dynamics 365\. The aggregated data from this project will be used to improve Dynamics 365 as well as its Azure product. Ahead of today’s Q4 2019 earnings release, share prices are up 34% year-to-date with management saying it’s only going to get better. Q4 fiscal revenue is expected to reach $33 billion, representing a 9% increase. Expected EPS is $1.21 which would be a 7% jump. Most importantly, management is projecting $9.6 billion in revenue to be generated from its Intelligent Cloud. Oppenheimer analyst, Timothy Horan mirrored that sentiment today stating, “We expect a strong quarter from Microsoft as it is seeing momentum in its cloud-based business, which now represents a third of revenues and is growing 35% year-over-year.” The five-star analyst reiterated his Buy rating and $145 price target. He has a 79% success rating and 17% average return per rating. Another analyst, Brent Bracelin, kept his Buy rating and $143 price target on MSFT yesterday. “We expect another solid quarter with revenue increasing 9% year-over-year to $32.8 billion, driven by strong commercial cloud tailwinds that could elevate the cloud revenue mix to 33% vs 5% in FY15,” he said. The analyst has an average return per rating of 31% and a 77% success rate. The stock boasts a ‘Strong Buy’ analyst consensus and $147 average price target, suggesting 8% upside potential. Adobe Systems Inc. (ADBE)In terms of delivering best in class visual solutions for both the consumer and enterprise sides, nobody does it quite as well as Adobe. Its cloud-based products are growing rapidly. The company’s Document Cloud, Creative Cloud and Experience Cloud are expected to reach 15% annualized revenue growth into fiscal 2025. If the initiative proves successful, this growth could accelerate at an even faster pace. In addition to its cloud-based software, ADBE created a software system, Experience Platform, to compete directly with CRM. It will unify business applications, and connect them with new apps from third-party developers and its customers’ other programs. ADBE had a strong second quarter, with revenue reaching over $5 billion, up 25% year-over-year. Adjusted EPS increased by 10% year-over-year from $3.21 to $3.54. While the stock’s valuation is on the high side, trading at 53.9 times trailing twelve month earnings, analysts believe Adobe can sustain its profit growth.Yesterday, analyst Jennifer Lowe said, “The company's profit growth should support the current enterprise value to expected 2020 earnings multiple of 31-times, and we expect Adobe shares to continue moving higher.” She maintained her Buy rating and $330 price target, suggesting upside potential of 7%. Lowe has a success rate of 69% and a 15% average return per rating. Another top analyst, Joseph Bonner, agrees that more growth is coming. “The company is well positioned at the center of the exploding market for digital video content with a unique asset collection in its Creative Cloud digital content portfolio. We see Adobe continuing to accelerate organic product refreshes and new rollouts as well as partnering with industry leaders to drive further growth,” he said. He kept his Buy rating and $320 price target on June 20. The Street has high hopes for ADBE. The stock has a ‘Strong Buy’ analyst consensus and average price target of $319, suggesting 3% upside potential. SAP AG (SAP)In the past, the German software company has struggled to keep up with the other big names on this list. However, it has made a significant effort to redefine the CRM market. SAP believes it can take market share from Salesforce with its portfolio of SaaS applications including broad sets of apps for HCM, ERP and CRM.However, the situation didn't appear to be improving after the company released disappointing Q2 2019 earnings results today. Management said that investors should not expect big margin gains until 2020, with the company reporting a decline in operating profit of 21%. While support and software license revenues fell flat from last year at €3.8 billion, cloud revenue was up 35% to €1.7 billion. In its full year guidance, management stated that they believe adjusted operating profit will grow by 9.5% to 12.5%. They are committed to reaching their goal of margin expansion by 5 percentage points through 2023. CEO, Bill McDermott, believes that operational performance is on track with 4-point expansion in gross margins for the cloud business. “As shown by our rising cloud gross margins, we are progressing nicely on our ambition to be the Best-Run SAP. With XM driving the CEO digital transformation agenda, we resolutely reaffirm our full year guidance,” he said. Financial blogger, Gary Alexander said, “SAP remains one of the true value names among large-cap software stocks. Overall, SAP's cloud business continues to add recurring billings as it grows both organically and through M&A, while margins and cash flow are trending upward.”Brian Schwartz, an Oppenheimer analyst with a 79% success rate and a 30% average return per rating, reiterated his Buy rating and $141 price target last month. His price target reflects his confidence in the company’s ability to rebound as well as his belief that share prices could rise by as much as 11% in the next twelve months. The Street has mixed feelings about the last stock on the list. SAP has a ‘Moderate Buy’ analyst consensus and $138 average price target, suggesting 8% upside.
- Investor's Business Daily•2 days ago
Google, Salesforce.com Gain From IPO Boom, Venture Capital Strategy
It's been a big year for technology initial public offerings. Among the winners from the tech IPO boom are two U.S. technology companies with fast-growing venture capital portfolios.
- InvestorPlace•2 days ago
3 Reasons to Buy Shopify Stock Before Earnings
Headquartered in Ottawa, Canada, Shopify (NYSE:SHOP) is a well-known and well-regarded multi-channel e-commerce platform. Millions of shares of SHOP stock are traded each and every day. And these traders have bid the Shopify stock price up from $25 to its current price of more than $300.Source: Shutterstock With their second-quarter earnings announcement coming up on Thursday, August 1, 2019, critics are ready to pounce on SHOP stock as an overpriced asset. Are they justified in this assessment, and can Shopify keep its cool as earnings season heats up? With Shopify Stock, High-Priced Doesn't Mean OverpricedAs I see it, there are three solid reasons to hold Shopify stock through earnings. Sure, earnings announcements can cause ticker volatility, but SHOP has just as much upside potential as downside risk.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Long-term investors shouldn't forget that Shopify remains a pivotal player in multi-channel e-commerce: their platform powers over 800,000 businesses in approximately 175 countries. Many people consider Shopify's cloud-based SaaS solution the only serious option for retailers. Moreover, the company's platform scales readily across mobile, web, social media, and brick-and-mortar locations.So yes, the SHOP stock price is above $300, but that doesn't necessarily make it expensive. The average analyst price target is $325. Evidently, the experts don't mind paying the $300 price tag as the earnings announcement approaches. Can't Argue with the NumbersMy second reason for holding onto SHOP stock is based on simple math: after poring over the company's first-quarter results, there's little reason to be skeptical of Shopify's track record. Read 'em and weep: subscription revenues were up 40% year-over year, while merchant solutions increased year-over-year by an eye-popping 58%.On top of all that, Shopify's total revenues were a robust $320.5 million, up 50% YOY. The first-quarter results also revealed that 40% of eligible merchants now use Shopify's shipping platform: now that's what I call market share! Given these numbers, it's hard not to put Shopify in the same category as industry leaders like Amazon (NASDAQ:AMZN) or Salesforce (NYSE:CRM). A Big PlusThe third factor I'll be adding to the plus column is Shopify Plus. This is the company's e-commerce platform subscription for high-volume merchants. Shopify Plus has been a key catalyst for Shopify's recent growth as a company. To no surprise, it's also provided a launching pad for the SHOP stock price.During the second quarter of this year, Shopify Plus represented 26% of the company's $44.2 million in monthly recurring revenue. That's a solid increase over the 22% of monthly recurring revenue in the year-ago quarter represented by Shopify Plus.During the company's first-quarter earnings conference call, COO Harley Finkelstein observed that the strong momentum in Shopify Plus subscriptions benefited from "a strong sales team that is constantly improving as well as a strong mix of upgrades." I expect the company to continue their focus on Shopify Plus, and rightfully so: it's been a key driver of sales and revenues for over a year, with no signs of slowing down. The Bottom Line on SHOP StockShopify's strong first quarter of the year, according to CFO Amy Shapero, reflected "the diversity and strength of our growth drivers and the solid execution of our strategy." I tend to concur with this sentiment. Even as an incorrigible skeptic, I can't deny Shopify's compelling revenue and sales figures as of late.And so, the downside potential of the imminent earnings announcement won't scare me away from SHOP stock. Instead, I'll stand behind the e-commerce giant. And I'll keep my fingers crossed as the company finally reveals its next set of numbers.As of this writing, David Moadel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 3 Reasons to Buy Shopify Stock Before Earnings appeared first on InvestorPlace.
- Zacks•3 days ago
Microsoft Earnings After The Bell Thursday: Is The Cloud The Holy Grail?
The largest company in the world by market cap is reporting earnings tomorrow after the bell in one of the most anticipated Q2 releases.
- Zacks•3 days ago
Salesforce.com (CRM) Gains As Market Dips: What You Should Know
Salesforce.com (CRM) closed at $158.24 in the latest trading session, marking a +0.71% move from the prior day.
- Simply Wall St.•3 days ago
Why salesforce.com, inc. (NYSE:CRM) Could Be Worth Watching
salesforce.com, inc. (NYSE:CRM) saw significant share price movement during recent months on the NYSE, rising to highs...
- InvestorPlace•3 days ago
3 Big Stock Charts for Wednesday: Delta Air Lines, Salesforce and American Airlines
The bulls tried, but it was never going to happen. The S&P 500 fell 0.34% on Tuesday, sliding lower on sizeable volume, calling into question just how much more stocks can climb.Source: Shutterstock Wells Fargo (NYSE:WFC) was a relatively big drag, falling more than 3% following an earnings beat that was dinged and dented by lackluster guidance.At the other end of the spectrum, Roku (NASDAQ:ROKU) soared more than 7% after being one of the big hits of this year's Prime Day, while Blue Apron Holdings (NYSE:APRN) was up more than 30%. Shares of the meal-kit company rallied on word that it was partnering up with Beyond Meat (NASDAQ:BYND) to offer meatless-hamburger meal options.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks Driving the Market to All-Time Highs (And Why) However, as for names that merit a closer trading look headed into Wednesday's session, it's the stock charts of Delta Air Lines (NYSE:DAL), Salesforce (NYSE:CRM) and American Airlines Group (NASDAQ:AAL) that are of the most interest. Here's what to look for. Delta Air Lines (DAL)With nothing more than a quick glance, Delta Air Lines look like a rocket. A large number of people saw last month's big move, wanted to plug into it, and fueled even more bullishness with that buying. Volume has been particularly strong of late.Caution is advised though. This is action we've seen from DAL stock multiple times since early 2017, and sooner or later, each of these run-ups end with a sizeable pullback. That pattern, in fact, has been alarmingly well established, and shares are within sight of a familiar technical ceiling. Click to Enlarge * The big boundary here is right around $64, where the upper boundary of a trading range that extends back to late-2016 currently rests. * The weekly chart is already stochastically overbought, which has proven problematic rather quickly over the course of the past couple of years. * Although its ripe for a wave of profit-taking, the precise tops within the confines of the trading range have never been clear. American Airlines Group (AAL)While Delta looks like it may be near a major peak, shares of rival American Airlines appear as if they're just getting started on a breakout move. That effort gelled in a huge way on Tuesday though, as the last vestige of resistance was rolled over. There's still a chance the advance could fall apart before it gets going in earnest, but the foundation is actually -- even if subtly -- rather firm. * 10 Monthly Dividend Stocks to Buy to Pay the Bills Click to Enlarge * The "trigger" here is Tuesday's move above the 200-day moving average line, plotted in white on both stock charts. * Fanning the bullish flames is the way this week's gain has pushed AAL stock above the upper boundary of a descending wedge. This convergence builds up pressure that, once unleashed, can fuel a prolonged rally. * Although Tuesday's action was catalytic, it could take several more days before the breakout thrust gels above the pivotal 200-day moving average line. Salesforce (CRM)When Saleforce was last examined in early May, it was well up since the end of last year, but putting pressure on the lower boundary of a short-term trading range. It was also acting overbought, struggling to continue making forward progress with or without the trading range. A month later, it had broken below its 200-day moving average line.The bulls pushed back, dragging CRM back above the 200-day moving average line (plotted in white on both stock charts) with a pretty impressive jolt. The bears are growling again though, and yesterday's action waves several red flags. Click to Enlarge * One of those red flags is the shape and placement of Tuesday's bar. The open above Monday's high and close below Monday's low constitutes an "outside day," which portends weakness. * It's imperceptible on both stock charts, but as of Tuesday, the 200-day moving average line is sloped downward. It's an indication of longer-term weakness. * Should the 200-day moving average line fail to act as a floor, if tested again, the next most likely landing spot is the Fibonacci retracement line near $129.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 3 Big Stock Charts for Wednesday: Delta Air Lines, Salesforce and American Airlines appeared first on InvestorPlace.
- TipRanks•4 days ago
3 “Perfect 10” Tech Stocks to Buy
Bulls are ready to narrow in on the winners after the S&P 500’s historic rally which culminated in the index reaching over 3,000 on July 10. But how are investors supposed to pick the stocks that are poised for success? TipRanks offers the Smart Score tool which is made up of 8 key factors proven to increase the chances of finding the stocks that are best positioned for long-term growth. These factors include financial blogger opinions, insider activity and news sentiment. All this data is combined into a single numerical score with 10 being the highest. With the help of this tool, we found three “Perfect 10” tech stocks that are ready to outperform. Salesforce.com, Inc. (CRM)Salesforce is the leading provider of cloud-based business support software. They offer data-driven solutions in a world where the amount of data being produced is only growing.On June 10, the company broke the news of its almost $16 billion deal to acquire Tableau Software Inc. (DATA). While share prices dipped after the announcement, analysts don’t appear to be concerned. The company dominates the CRM space. With 20% market share, it has more control than its next three competitors combined. It already boasts around 10 million customer support cases in its Service Cloud and over 3 million Sales Cloud leads. Not to mention its other product offerings that include Salesforce Einstein, Salesforce Customer 360 and the Salesforce Lightning platform are expected to drive even more revenue growth.Q1 2020 results were strong, with the company seeing revenue increase 24% year-over-year to $3.7 billion. Cash generated from operations reached almost $2 billion, demonstrating 34% year-over-year growth. On June 25, management updated their Q2 2020 fiscal guidance with revenue now expected to fall within the range of $3.94 to $3.95 billion, demonstrating that more growth is on the way.Just yesterday John Difucci, a five-star analyst from Jeffries, reiterated his Buy rating and $189 price target. He believes that despite a platform outage in May, current consensus estimates are conservative. “Salesforce's pipeline remains robust and it is well positioned to achieve its long-term goals,” he added. Another top analyst, Jennifer Swanson Lowe said on July 5, “Channel work shows robust demand for Salesforce's solutions, and recent merger disclosures show a thoughtful and lengthy process behind the Tableau deal.” She reiterated her Buy rating and $190 price target on the stock. With a ‘Strong Buy’ analyst consensus and $183 average price target, it’s clear why TipRanks scored this stock a “10”. View CRM Smart Score Twilio Inc. (TWLO)The cloud communications company specializes in helping businesses improve their apps and digital interactions with customers. Since Twilio’s IPO three years ago, share prices have grown 256% and analysts don’t predict a slowdown anytime soon. The company has a strong customer base with 154,797 active customer accounts (ACAs) as of March 31, up from 53,985 a year earlier. Revenue from its software-as-a-service (SaaS) platform only is rising as the demand for effective online communications is only increasing. In February, Twilio acquired SendGrid, a cloud-based email services company. The company believes this acquisition drove the revenue growth witnessed in Q1. For Q1 2019, revenue was up 81% year-over-year, reaching $233 million. Compared to Q4 2018, its top line increased by 14%. The company updated its full year guidance on April 30, with revenue expected to fall between $1.10 billion to $1.11 billion, up from $1.065 billion to $1.077 billion. On June 18, top analyst, Richard Valera, initiated coverage with a Buy rating and $165 price target. “By leveraging its early market position, a highly efficient developer-led sales model and growing array of differentiated, higher-level functions on its platform. TWLO has delivered exceptional organic growth. As well, the company's recent move up the stack into the application space with its Flex contact center adds another, meaningful growth driver to its business,” he said. Top rated financial blogger, Luke Lango, thinks that the stock’s big growth fundamentals, favorable market fundamentals and strong technical trends make it a must buy. “All three of those tailwinds should persist for the foreseeable future, meaning that TWLO stock should continue to defy valuation standards and stay in rally mode,” he added. The Street is bullish on this “Perfect 10”. The stock has a ‘Strong Buy’ analyst consensus, receiving 13 buy ratings vs 2 holds over the last three months. Its $154 average price target suggests 6% upside potential. View TWLO Smart Score Square, Inc. (SQ)With consumers paying less and less with cash, digital non-cash payments are expected to reach 726 billion transactions by 2020. Square has designed its payment processing technology so merchants of all sizes can accept non-cash payments. The company also offers a digital peer-to-peer payments app, an enterprise payroll app and lending services. Square has placed significant focus on gaining international market share. The company partnered with Sumitomo Mitsui Banking Corporation, with the bank distributing its reader in all branches located throughout the country. SQ stands out among its competitors as it offers many types of digital transactions as opposed to just e-commerce solutions.Some investors might be concerned that SQ’s valuation is too high. The stock is currently being traded at 65.6x forward earnings and 10x sales. However, its growth projections might just be enough to reassure investors.Management expects global retail sales to grow to almost $34 billion, or at a 5% compounded annual growth rate through 2025. Square GPV is also expected to increase into 2025 by a 20%-plus annualized rate while revenue is forecasted to be up 25%. The company is attributing these jumps to hardware and ancillary solution revenue.Josh Beck, an analyst from KeyBanc, reiterated his Buy rating and $100 price target. “While its Cash App monetization narrative may take time to develop, we remain constructive on growth potential,” he said today.Financial blogger, Chris Lau, believes that SQ’s outlook is more conservative than it should be. “If the company raises its 2019 guidance, then SQ stock could attract more buyers, causing the stock’s rally to accelerate,” he said. The Street is more cautiously optimistic about the last “Perfect 10” on our list. The stock has a ‘Moderate Buy’ analyst consensus and $87 average price target, suggesting 6% upside. View SQ Smart Score
- Barrons.com•4 days ago
Speaker Nancy Pelosi’s Husband Bought Up Salesforce Stock Options
Paul Pelosi paid up to $350,000 in June for options to purchase shares of the cloud-computing company Salesforce.com. He already owns more than $1 million in Salesforce stock.
- Motley Fool•4 days ago
3 Tech Listener Questions, Answered
You wanted to know about Naspers, tariffs, and the SaaS bubble -- we’ve got answers.
- American City Business Journals•5 days ago
Shareholder lawsuit unlikely to block Salesforce acquisition of Tableau
The class action lawsuit seeks to block the $15.7 billion deal, which is expected to close in October.
- Investor's Business Daily•5 days ago
CyberArk Breaks Out; Twitter, Salesforce Lead Top Stocks Near Buy Points
CyberArk broke out Monday. Twitter, Salesforce.com, Match Group and Autodesk are near buys. All are above key support and in bullish groups.
- PR Newswire•5 days ago
Salesforce Named a Leader in Digital Experience Platforms by Independent Research Firm
SAN FRANCISCO , July 15, 2019 /PRNewswire/ -- Salesforce , the global leader in CRM, today announced that Salesforce was named a leader by Forrester Research in its report, The Forrester Wave™: ...
- PR Newswire•8 days ago
Salesforce Named a Leader in Data Management Platforms by Independent Research Firm
SAN FRANCISCO , July 12, 2019 /PRNewswire/ -- Salesforce , the global leader in CRM, today announced that Salesforce was named a leader by Forrester Research in its report, The Forrester Wave™: ...
- Zacks•9 days ago
Workday (WDAY) Stock Hits 52-Week High: Can its Growth Continue?
Workday (WDAY) stock jumped 2.3% Thursday, closing at a new 52-week high of $224.30 per share.
- Zacks•9 days ago
Salesforce.com (CRM) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Salesforce.com (CRM) closed at $158.90, marking a +1.68% move from the previous day.
- MarketWatch•9 days ago
Back-to-school spending to reach $27.8 billion with electronics rising 29%: Deloitte
Deloitte data shows there will be a 29% increase in spending on electronics and gadgets this back-to-school season, reaching $800 million. Total back-to-school spending is expected to reach $27.8 billion, Deloitte said Wednesday, just below last year’s forecast for $28.0 billion. Deloitte polled 1,200 parents who have at least one child in school.
