CRM - salesforce.com, inc.

NYSE - NYSE Delayed Price. Currency in USD
182.23
-0.46 (-0.25%)
At close: 4:00PM EST
Stock chart is not supported by your current browser
Previous Close182.69
Open183.23
Bid180.81 x 900
Ask182.00 x 900
Day's Range181.36 - 183.34
52 Week Range137.87 - 184.45
Volume4,577,245
Avg. Volume5,051,979
Market Cap161.638B
Beta (5Y Monthly)1.22
PE Ratio (TTM)203.38
EPS (TTM)0.90
Earnings DateMar 01, 2020 - Mar 05, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est197.60
  • Is Salesforce Stock A Buy? Investors Mull Digital Transformation Amid Acquisitions
    Investor's Business Daily

    Is Salesforce Stock A Buy? Investors Mull Digital Transformation Amid Acquisitions

    CRM stock has lagged software group peers as investors digest a number of big industry acquisitions, such as Tableau. Could digital transformation growth drive a Salesforce stock rally?

  • Salesforce Co-CEOs Marc Benioff and Keith Block to Participate in World Economic Forum Annual Meeting 2020
    PR Newswire

    Salesforce Co-CEOs Marc Benioff and Keith Block to Participate in World Economic Forum Annual Meeting 2020

    Salesforce (NYSE: CRM), the global leader in CRM, today announced that Chairman and Co-CEO Marc Benioff and Co-CEO Keith Block will participate in the World Economic Forum Annual Meeting taking place in Davos, Switzerland from January 21-24, 2020. At the event, Benioff and Block will participate in the following discussions:

  • Should Insider Buying Tempt You Into These 7 Stocks?
    InvestorPlace

    Should Insider Buying Tempt You Into These 7 Stocks?

    When insiders sell a stock, investors do not always get a clear signal on what that means. Automatic selling could send false bearish signals that are not there. Conversely, insiders buying shares suggests that the executive group is bullish on the company's near-term prospects. Chances are low that insiders would buy shares if they did not believe that markets undervalued the company.Investors may search out large-capitalization companies that had insiders buying shares in recent months. There are four technology companies, two consumer discretionary firms and one health company that have reported notable insider buying activities. Even more compelling with these seven companies is that they may suit investors looking for a good deal. Their share prices either fell hard recently or their stocks are already trading at favorably low valuations.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Intel (INTC)Source: JHVEPhoto / Shutterstock.com Despite trading close to 52-week highs, insider buying of Intel stock suggests James Goetz is confident in the chip giant's future. Technology fans are certain that Advanced Micro Devices (NASDAQ:AMD) will take its notebook, PC and server market share through Ryzen 4000, Ryzen and EPYC chips, respectively. But value investors unwilling to overpay for AMD stock may hold Intel (NASDAQ:INTC) instead.The dividend yield of 2.1%, price-to-earnings ratio below 14 times and its ambitions beyond PC chips are just a few reasons to hold the stock.At the Mobileye Media & Customer Conference, Intel highlighted the growth of Mobileye chip shipments, which topped 17.4 million in 2019. This is up from 12.4 million in 2018. With 33 design wins and 16 product launches in 2019, Intel's Mobileye offers tremendous growth ahead. For example, its chips supply front camera functions for driver assistance in automobiles. Its conditional autonomy features include driver monitoring and surround vision.In 2022, the unit expects to have "mobility as a service" ready. One day, Mobileye will have full autonomy solutions for the auto market.Tesla (NASDAQ:TSLA) popularized the idea of self-driving electric vehicles, but Intel has tremendous revenue growth opportunities as it sells more autonomous driving chip solutions on the market. * 7 Small-Cap Stocks That Are Not Worth a Second Glance Per simplywall.st, the stock is historically inexpensive and also offers a healthy dividend yield. Its price-earnings to growth ratio is one risk to watch out for. At 6.4 times, the value relative to future growth is poor. In that same vein, analysts are neutral on the upside for INTC stock, with an average price target of $58. Alternatively, a 5-year discounted cash flow model that assumes revenue growing 5% annually implies a fair value of near $61. Uber (UBER)Source: BigTunaOnline / Shutterstock.com Director Ronald Sugar's buying of 35,000 Uber (NYSE:UBER) shares at $27.20 late last year proved timely. The stock rallied since then, and might break out after its earnings report on Feb. 6. Despite the stock showing strong performance, Uber has some major near-term challenges to overcome.The company dropped upfront pricing for most Californian riders. By showing customers only estimated prices, removing rewards for frequent users and allowing drivers to turn down requests, Uber wants to get around what's being dubbed as the "gig-worker law." California's Assembly Bill 5 seeks to classify workers as employees. This gives them more labor rights but increases Uber's costs.To shift from ride-hailing toward technology, Uber added Korean automotive giant Hyundai (OTCMKTS:HYMTF) as its newest partner on electric air taxi development. Hyundai thinks it will have an urban air mobility service in 2028. But Uber investors are not looking at an air taxi as a source of revenue growth. Still, it does show that Uber is getting ahead of the technology curve and is seeking growth from innovation.Uber will continue investing in its marketplace to drive top-line and margin growth. It will invest more in its premium products, offering more options for customers. And it will have the financial discipline to minimize operating cost growth.Looking ahead to its earnings call on Feb. 6, Uber will give investors its full-year 2020 guidance. Expect strong ride usage driving revenue and plans for operating expenses falling throughout this year. Investors may prefer to play it safe by forecasting revenue falling to 25% annually. In this 5-year DCF model, Uber stock may have a downside risk of 26%. Salesforce (CRM)Source: Bjorn Bakstad / Shutterstock.com Director Susan Wojcicki's purchase of 1,100 shares of Salesforce (NYSE:CRM) stock at about $175 on Jan. 7 proved timely. The stock reached new highs last week and shows no sign of falling off.A few analyst upgrades create a strong uptrend in CRM stock at the beginning of this year. RBC and Jefferies posted positive reports on the company. Last month, Cowen called the stock the best idea of 2020.On Dec. 3, Salesforce reported revenue growing a solid 33% to $4.5 billion. Earnings per share of 75 cents were ahead of consensus estimates. The cloud software firm has strong momentum and the business is getting stronger. The revenue growth should impress even the most bearish investor. The company is delivering on good experiences and is exceeding expectations. This is attracting more companies from all over the world.Salesforce has a simple approach: It centers its solution on the customer. So, they see the company as its trusted advisor. * 9 Up-and-Coming Small-Cap Stocks to Watch The company cited many big companies as customers, including Boeing (NYSE:BA), Siemens, CarMax (NYSE:KMX) and Corteva (NYSE:CTVA). So, by creating a 360-degree view of its customers, Salesforce is helping offer a better customer experience. Since no other software company offers this level of customer management, Salesforce has a strong moat. Fastly (FSLY)Source: Blackboard / Shutterstock Last summer, an insider buying shares of Fastly (NYSE:FSLY) may have proven to be too early. The stock is stuck in a trading range, but its fundamentals are getting better.Fastly posted third-quarter revenue growing $49.8 million, up 35% year-over-year. It lost 9 cents a share on a GAAP basis. In Q4, it still expects a loss between 10 cents and 13 cents. And for the full-year 2019, it expects revenue as high as $198 million.Fastly is cutting costs and seeking operating leverage opportunities to reach a path of profitability. Its network attracts developers who continue to use more of its platform and tools. So long as more developers join the service and use its newer tools, Fastly's revenue growth could accelerate. Last quarter, it added a developer library. So, by including ready-to-deploy code and solution patterns, users may work more effectively and save on development time.New product launches, such as Compute@Edge, a partnership with HashiCorp and tools for big data analysis, may bring on more developers in the months to come. Raised full-year revenue expectations suggest that the company is already noticing strong demand for its new products.Fastly does not get much investor coverage and has only one analyst setting a $24 price target. Investors may assume revenue growing as low as 8% in a 10-year DCF revenue exit model. In this forecast, the stock is worth around $21. General Electric (GE)Source: testing / Shutterstock.com General Electric (NYSE:GE) CEO Larry Culp bought over 300,000 more GE shares in August 2019, at a price just over $9 a share. The stock traded recently at 52-week highs, meaning that buy appreciated well for Culp.Known for its ties to inventor Thomas Edison, GE was formed from two companies merging in 1892. Aviation, healthcare and power made up its core businesses back in 2018. Today, it is shifting its focus out of healthcare and into power regeneration.That move will pay off. Looking ahead, General Electric set a priority to turn around its hydro and grid business. On its conference call, Culp said:"At Renewable Energy, we're well positioned to capitalize on the energy transition. Orders and revenues were up double digits again, as we delivered approximately 1,400 turbines and repower kits in the quarter. We're seeing strength in international orders and order pricing continues to improve."General Electric posted renewable energy orders growing 30% to $5 billion. Its overall backlog of $27 billion is up 19% year-over-year.GE knows it cannot ignore the renewables energy business because of the addressable market size. The International Energy Agency said that offshore wind energy is a $1 trillion market by 2040. General Electric itself must deliver on better profitability as its business grows. * 4 Energy Stocks to Power the New Year The company is not yet there. Margins fell roughly 2% in renewables in the last quarter. As its cost reduction programs progress and onshore volumes grow, GE's profitability will improve. Cigna (CI)Source: Piotr Swat / Shutterstock.com While it wasn't as immediate, a December insider buy of Cigna (NYSE:CI) stock by Eric Foss paid off. Foss bought 10,200 shares of Cigna at about $195 a share on Dec. 3. Those shares topped over $210 in early January.So, is it too late for you to join in?When it next reports results on Feb. 6, the company will likely announce another strong quarter. In the third quarter, it posted earnings growing 14% to $1.4 billion, or $3.57 a share. Revenue more than doubled to $38.6 billion. The company issued a non-GAAP EPS forecast of $16.80-$17.00 for FY 2019. For 2020, it expects retention of a healthy 97%.Cigna announced the sale of its Group Life and Disability Insurance unit in December. This allows it to raise its share buyback program by a lofty $4 billion. And since the unit sale will bring in $6.3 billion, Cigna may use some of those funds to reduce its debt.In addition to disciplined balance sheet management, Cigna is integrating its Express Scripts unit well. It already expects top-line growth of 8%-10%. Thanks to international growth, enterprise growth will be 6% to 8%. Strong pharmacy solutions outside of the U.S. are driving positive results. And as Cigna adds artificial intelligence predictive indicators and predictive modeling against its benefits business, the company will squeeze out more profits. Conagra Brands (CAG)Source: Jonathan Weiss / Shutterstock.com Conagra Brands (NYSE:CAG) stock spiked to the $35 level after the processed and packaged goods supplier reported strong quarterly results. Even though an insider bought the stock at higher prices, valuations are compelling at 19.9 times earnings. On Jan. 2, Craig Omtvedt bought 40,000 shares at a price of $33.99 for a cost of about $1.4 million.The company posted its key initiatives that were all on track. Frozen and snacks, plus Hunt's Tomato and Chef Boyardee all showed strength. And even though the debt-to-equity of 1.4 times is unfavorable, the company continues to pay down debt. As year-to-date margins rose 21 basis points to 16.5%, integration and synergies will drive costs lower.In the Q3 period, Conagra found $42 million in savings, and now forecasts $305 million in upside synergies. This is up from a prior $285 million estimate.Conagra forecasts that in fiscal 2020 its product launch cycle will lead to improving results in the second half of the year. Although CAG stock initially soared on this news, the markets adjusted after processing the forecast timeline.Analysts have a modest upside price target on Conagra stock. Based on 11 analyst reports, the average price target is $34.73, which implies about 5% of upside from its current share price. Conversely, a cautious investor may model a 5-year DCF revenue exit model. Assuming revenue stalls in that time frame, the stock is trading at a fair value of around $33.As of this writing, Chris Lau did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 5 Dow Jones Stocks to Buy for 2020 * 7 Fintech ETFs to Buy Now for Fabulous Financial Exposure * 3 Tech Stocks to Play Ahead of Earnings The post Should Insider Buying Tempt You Into These 7 Stocks? appeared first on InvestorPlace.

  • S&P 500 Up 1000 Points in a Month: 10 Stocks Boosted the ETF
    Zacks

    S&P 500 Up 1000 Points in a Month: 10 Stocks Boosted the ETF

    The S&P 500 touched the 3,300 mark on Jan 16, having added 1000 points in less than a month. Which stocks led to the ETF rally.

  • New coalition of software startups takes aim at Salesforce, Oracle, SAP
    American City Business Journals

    New coalition of software startups takes aim at Salesforce, Oracle, SAP

    This group of 200 members is calling on other independent software makers to join their cause in fighting CRM suite makers that require customers to use only software tools in their suite.

  • Software Upstarts Hit Salesforce, Oracle on Tech and Sales Practices
    Bloomberg

    Software Upstarts Hit Salesforce, Oracle on Tech and Sales Practices

    (Bloomberg) -- When Salesforce.com Inc. emerged two decades ago, it lashed out at the software establishment: large companies that allegedly locked clients into dated products. Now, a coalition of newer rivals have extended that criticism to the cloud applications pioneer.  Ten software upstarts kicked off a public campaign Thursday that knocks customer relationship management, or CRM, titans, including Salesforce, Oracle Corp. and SAP SE, by saying the large companies keep clients trapped in subpar software suites, potentially shutting out smaller rivals with newer technology.The “Platform of Independents” leading the effort include Segment Inc., Amplitude Inc., Outreach Inc., Pendo.io Inc. and Drift.com Inc. Some of the companies are privately held unicorns, with valuations exceeding $1 billion. Each caters to a different software niche. The campaign began with a two-page ad in Thursday’s print edition of the Wall Street Journal and includes a web page and information sessions for prospective clients. More than 190 companies co-signed the main tenet of the campaign, that CRM software “isn’t enough” to provide good customer experiences to consumers.“We, as independent software companies, have built our products with the belief that a business should never be locked into a suite, never forced to have a one-size-fits-all technology approach, and its data should never be siloed,” the companies said in a statement. “It’s time to break free of the data monopoly.”The smaller companies argue the large software makers focus more on selling bundled packages of products than serving their clients’ needs with continuous innovation. Large technology companies have come under increasing antitrust scrutiny for their business practices, including how they wield power to maintain advantages over smaller firms. Beyond panning the quality of the bigger players’ technology, the chief executive officers of the startups said their larger rivals use acquisitions to bolster their market power.“If any of these guys becomes too big, that’s a threat to all of us in this ecosystem,” said Spenser Skates, CEO of Amplitude, which helps clients understand user behavior to improve product experiences. “Salesforce bought MuleSoft, Cisco bought AppDynamics. This is continuing to happen. It’s definitely a concern.”Representatives for Salesforce, Oracle, SAP, and Microsoft didn’t immediately respond to a request for comment. Salesforce has been well served by its strategy in the CRM market. The company’s shares climbed about 19% last year. Oracle’s stock rose about 17%. Salesforce led the market for customer-management applications with 16.8% as of 2018, the last full year for which data is available, according to research firm IDC. Oracle was next with 5.7% while SAP came in third with 5.6%. Adobe Inc. and Microsoft Corp. rounded out the top five.Salesforce, founded in 1999, is the youngest company in the group. The others have been around for about four decades.“I think there’s something significantly broken that there’s been no big CRM company built in the last 10, 15, or 20 years,” Peter Reinhardt, the CEO of Segment, which helps companies compile their data about consumers, said in an interview.Reinhardt, who spearheaded this campaign, said he isn’t interested in being acquired. Rather, he wants to work more closely with his Platform of Independents peers to jointly sell packages of software solutions to clients, as a way to counter the selling advantages and software product bundles of larger companies. And Reinhardt is optimistic that a shakeup is possible in enterprise technology.“I think we have a temporarily dominant set of companies,” he said. “But I think there’s a huge opportunity for another rewrite of the CRM world.”(Updates with 2019 share performance in the eighth paragraph.)To contact the author of this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editor responsible for this story: Andrew Pollack at apollack1@bloomberg.net, Mark MilianFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • These 10 Big Stocks Are Already Up 10% (Or More) In 2020
    Investor's Business Daily

    These 10 Big Stocks Are Already Up 10% (Or More) In 2020

    A 10% return is typical for the the S&P; 500 — for an entire year. But some S&P; 500 stocks are already up that much or more and January is only half over.

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    Pre-Deal Jitters Spoil Intraday Records

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  • Fast-growing San Mateo field service automation upstart scores $90M
    American City Business Journals

    Fast-growing San Mateo field service automation upstart scores $90M

    The company has grown fourfold in the past year as it moves to automate about 70 percent of what's done by humans in field service.

  • Microsoft CEO Satya Nadella: 'I really would love for the 2020s to be defined differently'
    Yahoo Finance

    Microsoft CEO Satya Nadella: 'I really would love for the 2020s to be defined differently'

    Yahoo Finance speaks at length about the future of retail and the cloud business in an exclusive interview with Microsoft CEO Satya Nadella.

  • Ten Big Stocks Keep Beating Profit Forecasts By A Mile
    Investor's Business Daily

    Ten Big Stocks Keep Beating Profit Forecasts By A Mile

    Some S&P; 500 companies are routinely beating quarterly profit forecasts by a mile — making them key stocks to watch as quarterly earnings kick off.

  • IBM Plans to Boost Digitalization Solutions for Retailers
    Zacks

    IBM Plans to Boost Digitalization Solutions for Retailers

    IBM is developing solutions to help retail clients accelerate their digital transformation initiatives.

  • Barrons.com

    3 Software Stocks That Could Be Big Winners in 2020

    Morgan Stanley believes investors need to be more selective in picking software stocks this year after the industry’s big rally in 2019.

  • Salesforce.com (CRM) Outpaces Stock Market Gains: What You Should Know
    Zacks

    Salesforce.com (CRM) Outpaces Stock Market Gains: What You Should Know

    Salesforce.com (CRM) closed the most recent trading day at $183.75, moving +1.97% from the previous trading session.

  • Salesforce Executive to Participate in Upcoming Investor Meeting
    PR Newswire

    Salesforce Executive to Participate in Upcoming Investor Meeting

    Salesforce (NYSE: CRM), the global leader in CRM, today announced that Simon Parmett, CEO & General Manager, MuleSoft, will participate in an investor meeting hosted by Jefferies, LLC on Wednesday, Jan. 15, 2020 at 2:30 p.m. (PT) / 5:30 p.m. (ET) in San Francisco, CA.

  • Wallace Weitz Slims Down Long-Held Stake in Intelligent Systems
    GuruFocus.com

    Wallace Weitz Slims Down Long-Held Stake in Intelligent Systems

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  • Microsoft CEO Satya Nadella: Winning the JEDI cloud contract should cause a 'halo effect'
    Yahoo Finance

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    Yahoo Finance speaks with Microsoft CEO Satya Nadella about the company's big JEDI contract win from the U.S. government.

  • Microsoft CEO Satya Nadella: Here's what will define the future of retail
    Yahoo Finance

    Microsoft CEO Satya Nadella: Here's what will define the future of retail

    Retailers best do a better job of embracing technology in the next decade than they did in the past 10 years. Yahoo Finance speaks with Microsoft CEO Satya Nadella about the future of retail.

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    Modern workplaces: Inside Salesforce's sprawling S.F. campus

    Salesforce’s urban campus headquarters features two Ohana Floors, a gondola ride to the four-block Salesforce Park and a number of three to four-story villages.

  • Salesforce announces new tools to boost developer experience on Commerce Cloud
    TechCrunch

    Salesforce announces new tools to boost developer experience on Commerce Cloud

    Salesforce announced some new developer tools today, designed to make it easier for programmers to build applications on top of Commerce Cloud in what is known in industry parlance as a "headless" system. To help with this goal, Salesforce announced some new and enhanced APIs that enable developers to take advantage of features built into the Commerce Cloud platform without having to build them from scratch. For instance, they could take advantage of Einstein, Salesforce's artificial intelligence platform, to add elements like next-best actions to the site, the kind of intelligent functionality that would typically be out of reach of most developers.

  • Dow Jones Futures: Apple, These Tech Giants Lead 2020 Stock Market Rally
    Investor's Business Daily

    Dow Jones Futures: Apple, These Tech Giants Lead 2020 Stock Market Rally

    Futures: The 2020 stock market rally has defied calls for a pullback. A big reason why? Tech giants Apple, Facebook, Google, Tesla and Salesforce are leading the way.

  • GuruFocus.com

    Top Insider Buys Highlight for the Week of Jan. 10

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  • Ivanka Trump’s CES talk goes off without a hitch, despite controversy
    MarketWatch

    Ivanka Trump’s CES talk goes off without a hitch, despite controversy

    Ivanka Trump was greeted with polite applause despite some bruising words in the days leading up to Tuesday’s keynote presentation on future work at CES with Consumer Technology Association Chief Executive Gary Shapiro.

  • Microsoft Ups the Game in Retail Services With New Offerings
    Zacks

    Microsoft Ups the Game in Retail Services With New Offerings

    Microsoft (MSFT) is well poised to gain from digitization of retail services on the back of latest cloud-based retail services and product enhancements.

  • American City Business Journals

    Plans for massive Parcel F high-rise move through S.F. Planning

    The new building, which still has another hoop to jump through before getting the final green light, would become the fourth-tallest skyscraper in San Francisco.