CRM - salesforce.com, inc.

NYSE - NYSE Delayed Price. Currency in USD
161.95
+0.44 (+0.27%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close160.67
Open160.64
Bid158.84 x 900
Ask164.90 x 1200
Day's Range160.88 - 163.33
52 Week Range111.34 - 166.15
Volume3,489,761
Avg. Volume6,139,720
Market Cap124.863B
Beta (3Y Monthly)1.06
PE Ratio (TTM)113.25
EPS (TTM)1.43
Earnings DateMay 28, 2019 - Jun 3, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est181.41
Trade prices are not sourced from all markets
  • Keep a Close Eye on Salesforce Stock
    InvestorPlace16 hours ago

    Keep a Close Eye on Salesforce Stock

    Recently, I've become increasingly convinced that Salesforce.com (NYSE:CRM) is an important barometer for the tech sector as a whole. CRM stock price isn't the only gauge investors need to watch, But Salesforce stock still seems to provide a pure look at investors' preferences.Source: Shutterstock The key reason why is that Salesforce.com 's story is reasonably simple. It has a fantastic business. No one can dispute that. As CEO Marc Benioff pointed out on its Q4 conference call earlier this month, the company was the fastest enterprise software company ever to reach $13 billion in sales. (The company celebrated its 20th anniversary on Mar. 8) Its revenue growth has been almost bizarrely consistent for years now, hovering generally in the 24%-26% range. * 7 Small-Cap Stocks That Make the Grade And there really aren't any external factors that can materially change its outlook. Microsoft (NASDAQ:MSFT) and Adobe (NASDAQ:ADBE) are trying to compete in customer relationship management, or CRM, software, but the dominance of Salesforce.com appears assured. A downturn in the macro cycle likely would impact Salesforce stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut given multi-year contracts and the importance of CRM software to businesses, the impact likely would be manageable. (Note that CRM's revenue more than tripled between 2007 and 2011.)Of course, CRM stock price also isn't cheap or close to it. And so Salesforce stock provides an intriguing answer to an interesting question: what, exactly, are investors willing to pay for growth?Coming off the company's fourth-quarter report, it appears investors aren't sure about the answer to that question. Once they figure it out, the rest of the market may as well. Earnings "Surprise" for Salesforce Stock (Yeah, Right)Salesforce's earnings came in nicely ahead of Street estimates on both the top and bottom lines. That surprised exactly no one remotely familiar with Salesforce stock; as I wrote before the report, Salesforce.com hasn't missed on either revenue or earnings in at least five-plus years.Yet it wasn't good enough. The company's guidance looks a bit disappointing, as Nicholas Chahine detailed after the report. The CRM stock price fell 3.7% on the day of the report and dipped almost 1% on the following day. Salesforce stock wound up falling 6% for the week, but it has since regained the majority of its losses.Bu the initial selloff seemed to confirm the risk facing CRM stock and the market. Bear in mind that the CRM stock price over time has been an exaggerated reflection of the market as a whole. It gained steadily in the first years of the decade, as the market recovered, and its gains accelerated in 2016 and 2017, as the stock market gained steam.Salesforce stock peaked in early October 2018 and then plunged as the Q4 selloff hit. CRM stock lost over 25% of its value in less than three months and took three and a half months to gain it all back, and then some.The profit-taking after the strong Q4 report seemed to suggest that investors were paying more attention to risk, but subsequently, as noted above, CRM stock regained most of the losses it had suffered this month. How High Can the CRM Stock Price Go?The issue at this point is that Salesforce stock is expensive, really expensive. It still trades at about 60 times the company's 2020 earnings guidance. At some point, investors will start worrying about the valuation of even a great business, which Salesforce.com unquestionably is.From here, it still looks like valuation fears drove the initial post-earnings reaction. Disappointing guidance is a good talking point, but again, Salesforce.com never misses analyst estimates. It's reasonably obvious at this point that the company guides conservatively. Meanwhile, Q1 and 2019 projections aside, the company also predicted that its revenue would double again by fiscal 2023.There was nothing wrong with the company's Q4 results. The issue is its valuation. But there's another aspect of Salesforce stock that could demonstrate investors' appetite for risk. Salesforce.com predicts that its non-GAAP EPS will come in at $2.74-$2.76, but that includes stock-based compensation of $1.84 .That's two-thirds of its projected net income. Back that out, and CRM stock is trading at over 172 times the high end of this year's earnings guidance. Some investors have questioned whether Salesforce stock should have such a high valuation. If more investors agree, CRM stock likely would be the first stock to take a big hit. Watch CRM Going ForwardBetween the stock's valuation and the company's share-based comp, CRM obviously is a growth stock. And the relatively simple nature of its outlook means there's one key argument regarding Salesforce stock: what to pay for the business. Bulls will argue that paying up for Salesforce stock has been a great bet for nearly 15 years. Bears will reply that, at some point, the rally has to end.That argument is a stalemate right now. It's worth paying close attention to who wins in the near-term. Where CRM stock goes, other growth stocks - like Square (NYSE:SQ), Shopify (NYSE:SHOP) and Workday (NASDAQ:WDAY) - are likely to follow.If Salesforce stock is too expensive, so is pretty much every other stock in the market; few, if any, of them have as an outlook that's as good as CRM. If investors are willing to pay up for CRM stock now, however, they'll likely be willing to stretch for other growth plays. The pre- and post-earnings movements of CRM stock price show the market isn't quite sure which side to take. At some point soon, that will change.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Single-Digit P/E Stocks With Massive Upside * 7 Best Quantum Computing Stocks Trading Today Compare Brokers The post Keep a Close Eye on Salesforce Stock appeared first on InvestorPlace.

  • 5 Top Stock Trades for Monday: Apple, Aurora, Adobe, Tesla, Ulta
    InvestorPlace4 days ago

    5 Top Stock Trades for Monday: Apple, Aurora, Adobe, Tesla, Ulta

    Friday was another strong day, with stocks melting higher. It sets up an interesting dynamic with a Federal Reserve statement coming out next Wednesday. As it stands though, the S&P 500 continues to trade well and push through a notable level near 2,800. Let's look at our top stock trades to watch for Monday. Top Stock Trades for Tomorrow 1: Adobe SystemsShares of Adobe Systems (NASDAQ:ADBE) fell after reporting earnings on Thursday after the close. While full-year guidance was okay, management's outlook for next quarter came up a little short. In a way, that reminds me of Salesforce (NYSE:CRM), which had a similar report.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 15 Stocks Sitting on Huge Piles of Cash So what now?Like CRM, bulls may feel comfortable enough to gobble up Adobe on this result. However, below $250 and concerns will start to elevate. Not only are both the 50-day and 200-day moving averages near this mark, but the 61.8% Fibonacci retracement from the December lows to the October highs is here too.If ADBE closes below $250, it will be in no man's land. In that sense, longs might find the stock to have an attractive risk/reward. If Adobe can get back over the 20-day average, look for it to fill the gap up through $265. Top Stock Trades for Tomorrow 2: AppleSpeaking of gaps, Apple (NASDAQ:AAPL) filled its gap from back in November today. That came after the stock powerfully stormed through the $185 level and is now threatening to run to the 200-day moving average.The gap fill was our target in Apple earlier this week, while a move to the 200-day is our second target. That's a good reason to trail up stops and consider locking in some profits. Apple stock is overbought according to the RSI and no one's ever gone broke by locking in a gain. Top Stock Trades for Tomorrow 3: Aurora CannabisAfter a monster move on Wednesday, Aurora Cannabis (NYSE:ACB) had an inside day on Thursday, setting up for the possibility of a rally on Friday. That's what we flagged on Friday morning before the move.There was plenty of time to get in this one below $9 and those that haven't may want to take a pass at this point. $10 is not an unrealistic target at this point, although that's only 41 cents short of current prices.Longs should trail up stops and keep other cannabis stocks in mind. For instance, while Canopy Growth (NYSE:CGC) is putting together a super tight coiling pattern, investors of both CGC and ACB need to remember that Tilray (NASDAQ:TLRY) will report earnings on Monday. Top Stock Trades for Tomorrow 4: Ulta BeautyUlta Beauty (NYSE:ULTA) is putting together a strong post-earnings rally on Friday, up 9% after beating on top and bottom lines. The rally is stunning, particularly given the modest rally we were seeing this morning.In any regard, I will be watching this on Monday, where investors should look for a flat or weak open. If that's the case and Ulta quickly goes green, it may want more upside and we can have a limited-risk setup by using the morning's low (assuming it's within reason). If so, perhaps we can some follow through like we did with Costco (NASDAQ:COST). Top Stock Trades for Tomorrow 5: TeslaInvestors aren't buying the Model Y hype from Tesla (NASDAQ:TSLA). Friday's decline means Tesla stock remains trapped in a nasty downtrend that isn't over yet.The 20-day moving average stopped Tesla dead in its tracks on Thursday, although the Model Y unveil is certainly the issue on Friday, not the moving average. If the stock takes out this month's lows, look for a test of channel support, likely near $265. * 15 Stocks That May Be Hurt by This Year's Big IPOs If Tesla continues to fall, it may have a date with $250.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AAPL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy Today * 7 ETFs to Buy to Ride the Longevity Economy * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% Compare Brokers The post 5 Top Stock Trades for Monday: Apple, Aurora, Adobe, Tesla, Ulta appeared first on InvestorPlace.

  • ACCESSWIRE4 days ago

    Finding AI Investment Options

    HENDERSON, NV / ACCESSWIRE / March 15, 2019 / If you're looking for exposure to artificial intelligence, there are several potentially attractive investment options. From retail to cloud services to software, ...

  • DocuSign's Earnings: Revenue Jumps
    Motley Fool4 days ago

    DocuSign's Earnings: Revenue Jumps

    Strong growth persists at DocuSign, driven by sharp growth in subscription revenue.

  • Salesforce Stock A Top Pick As Software Firms Started At Buy
    Investor's Business Daily5 days ago

    Salesforce Stock A Top Pick As Software Firms Started At Buy

    Salesforce.com and Microsoft will leverage their cloud-computing prowess to drive further growth, says a Mizuho Securities analyst that called both companies “top picks” in software.

  • CNBC5 days ago

    As Brexit stumbles, Salesforce and other tech companies warn of possible fallout

    Salesforce disclosed in its annual filing last week that it is moving away from a “U.K.-centralized European structure” and investing in other European cities like Dublin to mitigate the impact of Brexit on its business. Although British lawmakers are once again expected to vote to delay Brexit, which is scheduled for later this month, more investors are asking about its future risk. In fact, in the past three months, 93 earnings calls of the S&P 500 companies (or more than half of the 181 mentions in the past 12 months) addressed Brexit and its potential impact, according to FactSet.

  • Barrons.com5 days ago

    Microsoft and Salesforce Stock Can Fly With the Cloud, Mizuho Says

    Brokerage firm Mizuho began research coverage of (MSFT) and (CRM) on Thursday with strong recommendations for both stocks because of what they have to offer in the cloud. Microsoft (ticker: MSFT), currently the world’s most highly valued company at $878.5 billion, received a Buy recommendation and $135 price target, 18% higher than its closing price of $114.50 on Wednesday. Mizuho is bullish on the software sector in general.

  • Motley Fool5 days ago

    Does Salesforce.com Deserve Wall Street's Pessimism?

    The shares took a 6% hit for the week.

  • Hot Growth Ahead for LPSN Stock in 2019
    InvestorPlace5 days ago

    Hot Growth Ahead for LPSN Stock in 2019

    Analysts are late in praising the upside case for LivePerson, Inc. (NASDAQ:LPSN), as the stock approaches 52-week highs once again. Barclays has a $35 price target on the stock, set on Mar. 8, while Evercore set a $34 target. With the stock trading at around $28 recently, what is there to like about LivePerson stock? * 15 Stocks Sitting on Huge Piles of Cash Strong Fourth QuarterLivePerson made significant progress in adding high-profile customers. In the fourth quarter, it added Delta Air Lines (NYSE:DAL), Aramark, a firm operating in hospitality, a top-three bank in Japan, an Italian telco and a top-five global apparel retailer. Despite the contract wins, the company lost $6.5 million, or 11 cents a share. This is double last year's loss of $3.7 million, or 6 cents a share. Markets are not nervous over the loss because the revenue gains from the deals will play out over several quarters. Plus, LivePerson wrote-down one-time costs. These are $1.7 million in restructuring, $1.0 million from acquisition and consulting fees and $900,000 from litigation costs.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAdjusted EBITDA improved to $5.3 million, up from $3.9 million last year. The company ended FISCAL 2018 with a cash balance of $66.4 million. Outlook for 2019LivePerson's contract wins in the last quarter builds recurring revenue momentum for 2019. With more products to sell and more partners to sell with, the company is moving into the mainstream. Markets already bid the stock back to 52-week highs because it is pricing in an expansion in the company's sales capacity. With the addressable market vastly bigger than the company's ability to address it, LivePerson is growing its staff count. This year, it plans to expand its global field organization by adding 50% more staff and doubling the number of enterprise partner managers and lead generation representatives.The higher headcount will add to operating costs, but the company should more than offset that when it adds more customers. It will take another three quarters to get there, but LivePerson forecasts revenue growth from the high-teens to 20% by Q4 of 2019. In 2020, management forecast sustained growth also in the 20% range or more.Adjusted EBITDA will be in the range of $10 million-$15 million, while margins will be 4%-5%. Low Profit MarginInvestors might consider margins of 4%-5% low. That is because the ramp-up in hiring will raise short-term costs. As sales reps win more and more deals, the long-term profit margin should reach low double-digits.It has to.Markets are leaving little room for disappointing revenue growth in 2019. Growth CatalystsHigher mobile usage is a growth catalyst for LPSN stock. LivePerson believes customers should not be using WhatsApp, IVR Deflections, or Apple Business Chat. So, it will replace them with web messaging. Already, mobile percentage interactions on LiveEngage is 54%.Staff hiring is another positive catalyst for the company's longer-term prospects. It is currently looking at 3,500 candidates a week. By choosing new hires having a mix between technology and go-to-market sales resources, LivePerson should have a strong team that will carry out its business growth.Geographically, North America will continue to give meaningful growth. After North America enterprise grew 17%, investors should expect double-digit growth this year. In the fourth quarter, the company reported strong bookings, which was not limited to North America as International numbers came in strong. ValuationFrom the nine analysts covering LPSN stock, the average price target is $32.63 (according to tipranks). This 17% upside target comes despite the unfavorable valuations. By comparison, Salesforce.com (NYSE:CRM) trades at similar price/book multiples. International Business Machines (NYSE:IBM), by contrast, trades at a discount and offers investors a 4.6% dividend yield. But IBM is no longer growing, whilst LivePerson is winning key contracts each quarter. Final Word * 7 Dividend Stocks With Big Yields Investors have many business software services to choose from. LivePerson stock is another one that should get added to the watch list. Its 2019 is set to impress investors if it reports growth again and raises its outlook for 2020.Disclosure: 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 * 5 of the Best Stocks to Buy Under $10 * 7 Retail Stocks Winning in 2019 and Beyond * The 10 Best Stocks to Buy for the Bull Market's Anniversary Compare Brokers The post Hot Growth Ahead for LPSN Stock in 2019 appeared first on InvestorPlace.

  • What to Expect from Oracle Earnings with ORCL Stock at Record High
    Zacks5 days ago

    What to Expect from Oracle Earnings with ORCL Stock at Record High

    Oracle (ORCL) shares have surged roughly 18% this year to outpace the S&P 500, its industry, and fellow giants such as Amazon (AMZN). Now, with the historic tech powerhouse set to report its Q3 fiscal 2019 financial results after the closing bell Thursday, let's see what to expect.

  • Salesforce Stock Still Going Strong After 20 Years
    InvestorPlace6 days ago

    Salesforce Stock Still Going Strong After 20 Years

    Despite raised expectations, the guidance from salesforce.com (NYSE:CRM) disappointed, pushing CRM stock a bit lower on Tuesday and keeping it suppressed on Wednesday. The post-earnings-announcement rhetoric, however, was anything but bearish. * 15 Stocks Sitting on Huge Piles of Cash Source: Shutterstock The numbers -- and negative response to them -- are a microcosm of a long-standing debate that's surrounded the company since its earliest days as a publicly traded entity. Salesforce stock has been habitually overvalued by every conventional interpretation of the word and, often, seen as a ticking time bomb for the day it fails to grow at a brisk, double-digit clip. The company has yet to see such a slowdown take shape, though. And, if CEO Marc Benioff's feel for what the next five years will look like, that slowdown has yet to even appear on the horizon. Salesforce Earnings RecapIt's a textbook picture of superior execution.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe cloud-based customer relationship software platform has no real defensible moat, to be fair. Additionally, a myriad of outfits ranging from Microsoft (NASDAQ:MSFT) to Oracle (NYSE:ORCL) and others are all willing to give customers more for less money.And, yet, salesforce.com continues to roll over them, driving results like last quarter's resounding beat.For the three-month stretch ending in January, the company beefed up the top line to $3.6 billion, up 26% year over year. Moreover, they turned an operating profit of 70 cents per share of CRM stock versus the year-ago bottom line of 28 cents per share. Analysts expected earnings of 46 cents per share on sales of $3.56 billion.The backlog, even excluding the benefit of the MuleSoft acquisition, was up 23% YOY to $25.7 billion.However, the narrative slipped for nearer-term guidance. For the fiscal year now underway, Salesforce anticipates a top line between $15.95 billion and $16.05 billion. Of that figure, between $3.67 billion and $3.68 billion will materialize in the first quarter alone.Both are below analyst estimates. For fiscal 2020 (essentially calendar 2019), the pros have collectively called for revenue of $16.04 billion. Further, they anticipate $3.7 billion in sales for the current quarter. Also in this present three-month track, profits should roll in between 60 and 61 cents per share. Again, this downgraded forecast falls short of the analyst consensus of 63 cents per share of CRM stock. Analysts UnfazedAt 20 years of age with technology than can be (and is) easily replicated by other competitors, CRM remains relevant. After all, the continued double-digit growth pace impresses, even if it's slowing down. Thus, the headwind is more about the challenge of competing with the company's own historical growth.Still, the expected red flags of size and age have started to wave.One of them is rapidly escalating spending. While revenue grew 26% last quarter, operating expenditures -- including sales and marketing costs -- were up 32% YOY. It may be a sign of increased commoditization of customer relationship management platforms.Still, analysts have largely maintained enthusiasm for growth prospects in CRM stock. Essentially, they regard Tuesday's dip as a buying opportunity into an organization that's proven all it needs to prove.Deutsche Bank analyst Karl Keirstead is one of those optimists, noting:"Given the solid results and outlook, we're raising our PT from $165 to $185, based on an assumed FY21E FCF multiple of 34x, up from our prior estimate of 33x and fair given the 20%-25% growth outlook, rising margins and what appears to be conservative FY20 guidance … impressive for a company about to hit its 20th birthday. We reaffirm our BUY rating."Morgan Stanley's analysts also responded positively to the company, stating:"Three key factors bolster our confidence in the durability of Salesforce.com's growth longer-term: 1) Targeting a $200 Billion total Available Market, … 2) Best in Class Positioning for digitalization initiatives, … and 3) the big get bigger in SaaS (software as a service)."Salesforce suggested it continued to win market share last quarter. If so, the company is holding the position as the favorite within the fastest-growing component of the enterprise software market. Looking Ahead for CRM StockMost analysts may have been looking past the next twelve months, and keying in on Benioff's longer-term outlook. The CEO believes the company will produce between $26 billion and $28 billion worth of revenue for fiscal 2023 (calendar 2022) and alluded to an annualized run rate of $30 billion following that growth.That would more than double the company's current top line, implying a CAGR of roughly 20%.With little reason to fear, Benioff is merely massaging a stock that's already up nearly 25% in the trailing year. Shares have almost gained nearly 90% for the past two years, confirming that investors are largely taking analysts' advice. * 7 Housing Stocks Bouncing Back In 2019 CRM stock may be off a bit since immediately before its earnings results were posted, but would-be buyers are already testing the waters. If nearer-term movements are any gauge, the stock was up slightly on Tuesday, while the broad market fell flat.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 * 5 of the Best Stocks to Buy Under $10 * 7 Retail Stocks Winning in 2019 and Beyond * The 10 Best Stocks to Buy for the Bull Market's Anniversary Compare Brokers The post Salesforce Stock Still Going Strong After 20 Years appeared first on InvestorPlace.

  • Markit7 days ago

    See what the IHS Markit Score report has to say about Salesforce.com Inc.

    Salesforce.com Inc NYSE:CRMView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for CRM with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting CRM. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold CRM had net inflows of $4.47 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, but is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Motley Fool7 days ago

    Facebook's Empty Promises and a Bad Week For Eventbrite and Okta

    Zuckerberg’s 3,000-word blog post about a strong commitment to privacy doesn’t ring true when you read between the lines.

  • Time to Buy the Dip in Workday Stock?
    InvestorPlace8 days ago

    Time to Buy the Dip in Workday Stock?

    Cloud-computing and enterprise software stocks have been on fire. They were the leaders going into the fourth-quarter correction and they were one of the first groups to bottom. Workday (NASDAQ:WDAY), Salesforce (NYSE:CRM) and others bottomed in November and have been climbing ever since. However, Workday stock has been under pressure since reporting earnings, causing investors to ask if now's the time to buy.Source: Workday To determine that, we need to comb through the company's earnings results. Workday EarningsLast week, Workday delivered a top- and bottom-line earnings beat on its fourth-quarter results.Non-GAAP earnings of 41 cents per share beat consensus expectations by 9 cents. On a GAAP basis, WDAY turned in a 47 cent per share loss, although that was 8 cents better than expected. On the revenue front, sales of $788.6 million beat analysts' expectations by almost $12 million and grew 35.4% year-over-year (YoY).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Warren Buffett Stocks You Can't Go Wrong With Both subscription and services revenue came in ahead of expectations, as did billings and operating margins. All while management raised its subscription revenue for this year. The company now expects $3.03 billion to $3.045 billion in subscription sales vs. a prior outlook of $2.375 billion to $2.377 billion.At this point, you're probably wondering why Workday stock isn't rally after a report like this. Further, why is the stock action down 10% after the fact?We need to keep a few things in mind. First, the stock clearly ran too much ahead of the print. Up more than 66% from its November lows, and anything short of a mega-blowout quarter was a sell-the-news event. Second, WDAY stock is already quite expensive and even with better-than-expected results, it needs some time to let the fundamentals catch up to its price. Valuing Workday StockI love Workday's products and it's clear that its customers do too. That's said, the valuation is rich -- and that's putting it mildly. Investors who are going to get involved in cloud and enterprise software stocks need to swallow their traditional valuation metrics. These names typically trade at insane multiples, but it's hard to deny their long-term performance. That's why it's best to buy on big dips -- like we saw in Q4 -- rather than at or near all-time highs.With Workday, we can see why. While current expectations call for great growth -- 26% and 23% revenue growth this year and next, and 21% and 33% earnings growth this year and next -- 110 times this year's non-GAAP earnings is very high. Operating cash flow increased about 30% in the last fiscal year and management expects similar growth this year. Free cash flow also continues to increase, eclipsing $600 million over the trailing 12 months.When we dig a little further past the headline results, we see that the booking growth outlook for this year lags management's revenue growth outlook. That suggests slowing organic growth. Currently trading at 11 times this year's sales, WDAY stock isn't cheap. But given its growth and solid business, I think that's why we're only ~10% off the highs. All things considered, Workday's pullback seems justified and doesn't mean the bull run is over. Trading WDAY StockIn short, I think we have a valuation issue with Workday stock. These forms of consolidation can either happen through time or through price (or both). So far, WDAY stock is correcting through price, down 10% in just a few days. We'll see if further consolidation happens through time or in the form of more declines.If it's the latter, here are the levels to keep in mind. Knifing through the 21-day moving average, WDAY stock is currently using the 50-day moving average as support. I like the work it is putting in above the 50-day, consolidating that decline. But I wouldn't hate a move down to $170-ish.Why? Because this was an important level on the way up and I would like to see it now act as resistance. Further, it would flush out the stop-loss orders that are no doubt piling up near the 50-day as we speak. Finally, the 38.2% Fibonacci retracement for the 52-week range comes into play just over $169, while the 61.8% retracement for the year-to-date range is up near $170.48.At this point, let's see if the 50-day acts as support. Above and we'll need to see how Workday stock does with the 21-day. Below and $170 becomes key.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Growth Stocks Racing to All-Time Highs * 5 Warren Buffett Stocks You Can't Go Wrong With * Game On for These 3 Gaming Stocks Compare Brokers The post Time to Buy the Dip in Workday Stock? appeared first on InvestorPlace.

  • Salesforce, Adobe Among 5 Top Stocks Rebounding Bullishly From Key Level
    Investor's Business Daily8 days ago

    Salesforce, Adobe Among 5 Top Stocks Rebounding Bullishly From Key Level

    Salesforce, Adobe, Ulta Beauty, Coupa Software, Veeva Systems rebounded from their 50-day lines Friday, a positive sign for the current stock market rally.

  • Barrons.com10 days ago

    China as IMAX Partner, Tesla Rival

    In this quarter, Salesforce faced a “difficult” comparison for total RPO [a measure of all future revenue under contract but not yet booked]. Meanwhile, for those who value companies based on fundamentals, Salesforce’s fundamentals remained strong in the quarter, and if you use management’s opinion of its outlook, this year looks quite good, as well. Long term, the company set a target to double revenue again, to $26 billion or $28 billion, by 2022-23.

  • Motley Fool11 days ago

    Why Did Salesforce Get Dinged After an Awesome Q4 Report?

    If your mind jumped to the most common reason this happens -- expectations -- you're right. But not in the usual way.

  • GuruFocus.com11 days ago

    Salesforce.com Inc (CRM) Files 10-K for the Fiscal Year Ended on January 31, 2019

    Salesforce.com Inc is a software-as-a-service company that provides enterprise cloud computing solutions, offering social and mobile cloud apps and platform services, as well as professional services to facilitate the adoption of its solutions. Salesforce.com Inc had annual average EBITDA growth of 24.30% over the past ten years. GuruFocus rated Salesforce.com Inc the business predictability rank of 2-star.

  • Salesforce at 20 offers lessons for startup success
    TechCrunch11 days ago

    Salesforce at 20 offers lessons for startup success

    Salesforce is celebrating its 20th anniversary today. The company that was once a tiny irritant going after giants in the 1990s Customer Relationship Management (CRM) market, such as Oracle and Siebel Systems, has grown into full-fledged SaaS powerhouse.

  • Salesforce Expects Another Year of Double-Digit Growth
    Motley Fool11 days ago

    Salesforce Expects Another Year of Double-Digit Growth

    Co-CEO Marc Benioff set ambitious guidance for the next four years, too.

  • Motley Fool12 days ago

    How Target and Salesforce Crushed Expectations

    The discount retailer is winning in the omnichannel world, and the customer relationship management specialist is winning in the cloud.

  • The Zacks Analyst Blog Highlights: salesforce.com, Booking Holdings, VMware, Marriott and HP
    Zacks12 days ago

    The Zacks Analyst Blog Highlights: salesforce.com, Booking Holdings, VMware, Marriott and HP

    The Zacks Analyst Blog Highlights: salesforce.com, Booking Holdings, VMware, Marriott and HP

  • Investing.com15 days ago

    Top 5 Things to Know in The Market on Monday

    Investing.com - Here are the top five things you need to know in financial markets on Monday, March 4:

  • Thomson Reuters StreetEvents12 days ago

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