|Bid||155.92 x 900|
|Ask||156.00 x 900|
|Day's Range||155.30 - 157.67|
|52 Week Range||120.16 - 167.56|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||130.60|
|Earnings Date||Mar 2, 2020 - Mar 6, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||190.68|
Marc Benioff is aiming to become a trusted partner with client data, and that will win out over Mark Zuckerberg's manufactured arguments on free speech.
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?
While enterprise software firms are still generally reporting good top-line numbers, the group remains in multiple-compression mode -- for now.
As long as the trade war with China persists, there will be plenty to cover on the daily PreMarket Prep Show. It just depends on which headline is determining the price action in the futures market during the pre-market session. Earnings from a few cloud stocks and corresponding price action were discussed on today's show.
(CRM) stock will rise because the company’s long-term growth story is still intact, according to J.P. Morgan. Salesforce.com shares (ticker: CRM) have rallied about 15% this year, versus a 29% gain for the Nasdaq Composite. Despite the mixed forecasts, J.P. Morgan analyst Mark Murphy reaffirmed his Overweight rating for Salesforce.com stock on Wednesday, citing optimism over the cloud software company’s long-term growth prospects.
Salesforce.com, Inc. (NYSE: CRM ) shares dipped 3.5% after the company reported third-quarter revenue and earnings ahead of consensus analyst expectations on Tuesday. Revenue performance obligation (RPO) ...
Benzinga Pro's Stocks To Watch For Wednesday Salesforce.com (CRM) - Released Q3 EPS and sales results, which beat analyst estimates. The company issued Q4 EPS guidance of $0.54-$0.55, which is below the ...
Dow Jones futures rose on China trade deal hopes, a day after Trump's trade comments. Alphabet CEO Larry Page stepped down with Google stock in a buy zone,
Salesforce.com Inc. topped Wall Street estimates for the quarter Tuesday but the cloud-based customer-relationship management software company’s earnings outlook for the quarter came in shy of consensus views.
Salesforce is slipping on Wednesday after reporting third-quarter results. But despite the fall the stock is setting up as a buy-the-dip opportunity. Shares of Salesforce had been under pressure in the days leading up to its earnings report.
On "Mad Money" Tuesday night, Jim Cramer spoke with Keith Block, co-CEO of Salesforce.com , the cloud computing giant that dipped 1.8% on a strong quarter that included some weaker-than-expected guidance. Block discussed Salesforce's plan to double the size of the company to $34 billion in revenues over the next four years. In this daily bar chart of CRM, below, we can see that prices turned lower from the middle of November at the same area that halted prices in March and April.
Perhaps RBC Capital Markets represented Wall Street's aggregate takeaway best: "Nice beat, conservative guide, that's the stock we like to buy."
Jim Cramer weighs in on Larry Page stepping down from his CEO role at Alphabet, how Marc Benioff has connected with customers in a way that Mark Zuckerberg dreams about and the Friday jobs report.
Have you ever wondered why Southwest Airlines has the ticker LUV? Harley-Davidson motorcycles have been referred to as “hogs” for years. A member of the Wrecking Crew, Ray Weishaar, got a pet piglet that was adopted as the team mascot.
(Bloomberg) -- Salesforce.com Inc. gave a profit forecast that fell short of Wall Street’s estimates, signaling that the software maker’s big-ticket acquisition of Tableau and global expansion have spurred rising costs.Earnings, excluding some items, will be 54 cents to 55 cents a share in the current quarter, short of analysts’ average estimate of 62 cents. Shares declined about 2% in extended trading.Still, the expansion helped fuel company revenue growth. Sales gained 33% to $4.51 billion in the period ended Oct. 31, the San Francisco-based company said Tuesday in a statement. Analysts projected $4.46 billion. It was Salesforce’s first quarter of more than 30% year-over-year growth since July 2014.Chief Executive Officers Marc Benioff and Keith Block have made acquisitions a key part of the customer-relations software company’s strategy to increase sales, highlighted by the purchase of Tableau Software Inc., which generated $1.15 billion in revenue last year making analytics tools. The company also has forged partnerships with major cloud vendors such as Microsoft Corp. and Amazon.com Inc. to make its software more ubiquitous.Shares declined to a low of $156.25 in extended trading after closing at $161.57 in New York. The stock has climbed 18% this year.Profit, excluding some items, was 75 cents a share in the fiscal third quarter. Analysts, on average, projected 66 cents. Expenses were up 37% to $3.31 billion. The company held its annual user conference, Dreamforce, in November. Salesforce calls the event the world’s largest software conference, with 171,000 registered attendees this year.The company’s full-time workforce increased almost 39% from a year earlier to 47,677 as of Oct. 31, Salesforce said.Revenue from Sales Cloud, the company’s flagship product, grew about 15% to $1.17 billion in the quarter. The company leads the market for sales-tracking software, but growth rates have slowed down, prompting Salesforce to expand in other areas.Service Cloud sales increased 24% to $1.14 billion. The software maker offers this tool so companies can communicate with field employees and customers, a space where it faces increased competition from ServiceNow Inc. and others.(Updates with expenses in the sixth paragraph.)To contact the reporter on this story: Nico Grant in San Francisco at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Andrew Pollack, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Salesforce third-quarter earnings and revenue topped views while company profit guidance for the January quarter missed. Shares in the enterprise software maker fell in extended trading.
alesforce.com posted better-than-expected results for its fiscal third quarter ended October 31, but offered slightly disappointing fourth-quarter profit guidance. Its stock has dropped more than 2% in after-hours trading.